ID: MRFR/IA - E/1605-HCR | 100 Pages | Author: Snehal Singh | May 2023
Diesel common rail injection system market is estimated to reach around USD 25 Billion by 2025, registering a CAGR of ~4% during the forecast period
The diesel common rail injection system market is estimated to reach around USD 25 Billion by 2025, registering a CAGR of ~4% during the forecast period.
Some of the major factors driving the market's growth are the enactment of stringent emission control norms, especially for commercial vehicles, noise reduction, and increased fuel efficiency. However, increasing demand and penetration of electric vehicles in the automotive sector will hinder the market's growth.
The drastic pressure variations in standard rail injection systems are expected to reduce nitrogen dioxide emissions by 50% and enhance fuel efficiency by 3%. In 2016, the Ministry of Petroleum and Natural Gas stated that diesel BS-IV vehicles contributed 42% of the total vehicle sales in the Indian market, while petrol vehicles contributed 54%.
The pandemic outbreak has resulted in strict government regulations like the lockdown that will impact the growth of the market. The stoppage of the functioning, production, and processing gives birth to challenges. However, with the availability of investments through mergers and acquisitions amongst the key market players, the market proceeds for an expandable future.
The outbreak of the COVID-19 pandemic severely impacts the global market for diesel standard rail injection systems. In addition, due to the lockdown implemented across various countries, national and international transport has been hampered, significantly impacting the supply chain of numerous industries across the globe, thereby increasing the supply-demand gap. Thus, insufficient raw material supply is expected to hamper the production rate of diesel standard rail injection systems, which negatively impacts the market growth. However, this situation is expected to improve as the government has started relaxing norms worldwide for resuming business activities.
The diesel standard rail injection systems have been deployed in marine diesel engines. Diesel standard rail injection systems have a high-pressure accumulator. In addition, a high-pressure pump is deployed within the diesel standard rail injection systems. A microprocessor-powered electronic control unit controls the fuel injection system process within the diesel standard rail injection systems. These systems in diesel vehicles increase fuel efficiency by about 30% compared to traditional diesel oil injection systems within the market.
Light commercial vehicles including vans and pick-up trucks have been considered in the light commercial vehicles segment of the market studied. In the forecast year of 2017, commercial vehicles recorded sales of 25,954,924 units, increasing 6.4% from 2016. Light commercial vehicle sales like vans and pick-up trucks have contributed to more than 75% of the total commercial vehicle sales.
With the growing environmental concerns, governments and environmental agencies are enacting stringent emission norms and laws, resulting in the decline of diesel engine passenger cars in the coming years.
The diesel engine variants of passenger cars have already started experiencing a decline from the historic period of 2015. The growing demand for diesel engines is only expected to witness positive growth from the rise in commercial vehicle sales, owing to the growing construction industry and significant growth in the logistics industry and this is primarily due to the rise in the e-commerce business. For instance, according to Eurostat, it is mentioned that over 75% of inland cargo transports within the EU, i.e., about 1,750 billion metric ton-kilometer (tkm), travel through the help of road transport. The mentioned percentage goes as high as 90% or more in some European countries.
As a result of the same, the demand for commercial vehicles has continually increased in the region.
Thus, commercial vehicle producers and manufacturers have to produce vehicles that satisfy the emission regulations based on the aforementioned positive developments. The growing adoption rate of the developing CDRI technology is expected to boost market growth in the coming years.
The diesel common rail injection system market has been segmented to meet the rising needs of the target audience spread in an array of participating regions across the globe. The global market segments help enhance the market prospects that help the market in various ways. The market segments are as follows:
Based on the vehicle:
Based on the fuel injector:
Based on the engine:
Based on the Target Market:
Geographically, Asia-Pacific is leading the CRDI market, followed by North America and Europe. China, Japan, and India majorly drive the Asia-Pacific region.
In China, commercial vehicles experienced a Y-o-Y growth of 13.9%, reaching 4.161 million vehicles in 2017. This increase can be attributed to compact diesel vehicles meeting the China 5 emission standards from January 2018 and the rising demand for commercial vehicles. Diesel demand in China increased by 0.5% in 2017 and by 0.8% in 2018, after shrinking by 3.5% in 2016. The diesel demand increased due to the improvement in mining and industrial activity, commercial vehicle sales, and road freight movements
The demand for diesel common rail injection systems is growing due to numerous factors, such as companies entering partnerships for developing new products and manufacturers investing in research and development activities and projects.
The diesel common rail injection system market is consolidated, with the presence of major companies, which helps it enjoy a larger market share, especially during the ongoing forecast period that ends in 2030. The market is home to exceptional market players such as:
The market also has the presence of other companies, such as Cummins. However, Robert Bosch is leading the market expansion as projected by the business chiefs. The global market company produces the common rail system for gasoline and diesel engine systems under the powertrain category of the mobility solutions business division. The CRS2-25 and CRS3-27 models are the two main diesel common rail systems offered with solenoid and Piezo injectors. The global market company has a strong presence in Europe and America.
Continental AG reportedly, holds the second position in the market. Earlier, Siemens VDO used to develop common rail systems for the market vehicles. However, it was later acquired by another company - Continental AG, which is currently offering diesel common rail injection systems for vehicles under the powertrain division.
The diesel common rail injection system market study presents the analytical depiction of the industry's diesel common rail injection systems and the current trends and future estimations to determine the imminent investment pockets. The global market report presents vital drivers, restraints, and opportunities and a detailed analysis of the diesel common rail injection systems market share. The current market trends are analyzed quantitatively from 2022 to 2030 to highlight the market growth of the diesel common rail injection systems. The global market report discusses and mentions Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The global market report provides a detailed diesel common rail injection system market analysis depending on competitive intensity and how the competition will take shape in the coming years, as a part of the forecast period ending in 2030.
|CAGR||4% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Fuel Injector and Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch GmbH (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), Continental AG (Germany), Federal-Mogul Corporation (US), Magneti Marelli (Italy), Hyundai KEFICO (South Korea), Siemens Deka Inc., (US), Ganser CRS AG (Switzerland), and Eaton Corporation (US)|
|Key Market Opportunities||
|Key Market Drivers||
MRFR analysis states, the common rail injector market is expected to thrive at nearly 4% CAGR and attain a valuation of USD 25 billion by 2025 owing to growing sales for heavy vehicles and purposes diesel common rail injection system serves.
Delphi Automotive PLC (UK), Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Magneti Marelli (Italy), Federal-Mogul Corporation (US), Siemens Deka Inc., (US), Hyundai KEFICO (South Korea), Eaton Corporation (US), and Ganser CRS AG (Switzerland) are well-known suppliers of diesel common rail injection.
The growing need for commercial vehicles in China and other regions of Asia Pacific is expected to drive the diesel common rail injection system market in the region.
Solenoid and piezoelectric are two types of diesel common rail injectors. The high degree of efficacy offered by piezoelectric injectors is likely to impel the growth of the diesel common rail injectors market.
High-pressure pump, electronic control unit (ECU), injectors, and a rail are parts of diesel common rail injection.
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