The diesel common rail injection system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Diesel Common Rail Injection System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The diesel common rail injection system market size has grown strongly in recent years. It will grow from $20.53 billion in 2023 to $21.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing demand for fuel-efficient vehicles, stringent emission regulations, technological advancements in diesel common rail injection technology, increasing investments in research and development activities, strategic collaborations among key players.
The diesel common rail injection system market size is expected to see strong growth in the next few years. It will grow to $27.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growing demand for diesel engines, increasing demand for lightweight materials in vehicle manufacturing, growing popularity of hybrid vehicles, increasing focus on vehicle safety and regulations, growing demand for commercial vehicles and passenger cars across the globe . Major trends in the forecast period include use of piezoelectric injectors for precise fuel delivery, integration of electronic control units for real-time adjustments, adoption of common rail systems in passenger vehicles, development of dual-fuel injection systems, emphasis on reducing diesel engine noise and vibrations.
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Scope Of Diesel Common Rail Injection System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Growing demand for light commercial vehicles is expected to propel the growth of the diesel common rail injection systems market going forward. A light commercial vehicle refers to a motor vehicle with at least four wheels, used for sales or route service, inspections, and maintenance. The diesel common rail injection systems are used in the manufacturing of engines for all types of modern diesel vehicles including light commercial vehicles. For instance, according to Tata Motors, an Indian-based automobile manufacturer, light commercial vehicle sales grew by 20% in India in the first quarter of 2022. Further, according to data by Truck Junction, an Indian online platform trading in commercial vehicles, the sale of commercial vehicles increased by 14.91% in March 2022, as compared to March 2021. Therefore, the growing demand for light commercial vehicles is expected to boost demand for diesel common rail injection systems during the forecast period.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The diesel common rail injection system market covered in this report is segmented –
1) By Fuel Injector Type: Solenoid Type, Piezoelectric Type
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles
3) By Sales channel: OEMs, Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the diesel common rail injection system market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the diesel common rail injection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the diesel common rail injection system market report are Robert Bosch GmbH, Denso Corporation, Delphi Technologies plc, Continental AG, Magneti Marelli SpA, Siemens AG, Stanadyne LLC, Woodward Inc., Weifu High-Technology Group Co. Ltd., Cummins Inc., Yanmar Co. Ltd., Hitachi Automotive Systems, Electricfil Automotive SAS, Doyen Auto Co. Ltd., Faurecia India Private Limited, Camozzi Group, Econtrols LLC, Federal-Mogul Powertrain Inc., Linamar Corporation, Perkins Engines Company Limited, Actia Group, Kohler Co., Mahle GmbH, Autocam Corporation, Carter Fuel Systems, Hycomp LLC, Precision Diesel Inc., Farinia Group, Quanzhou Shiny Machinery Co. Ltd., Sealand Turbo-Diesel Asia Pte. Ltd.
Table of Contents
1. Executive Summary
2. Diesel Common Rail Injection System Market characterstics
3. Diesel Common Rail Injection System Market Trends And Strategies
4. Diesel Common Rail Injection System Market – Macro Economic Scenario
5. Global Diesel Common Rail Injection System Market Size And Growth
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31. Global Diesel Common Rail Injection System Market Competitive Benchmarking
32. Global Diesel Common Rail Injection System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Diesel Common Rail Injection System Market
34. Diesel Common Rail Injection System Market Future Outlook and Potential Analysis
35. Appendix
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