Market Synopsis:
Market Research Future (MRFR) has recently published a report asserting that the global diesel common rail injection system market is anticipated to expand significantly during the forecast period. The advent of advanced technology in the automotive industry for the manufacturing of automobiles that require less fuel consumption for functioning is acting as one of the major drivers for the growth of the global diesel common rail injection system market.
The diesel common rail injection system is designed to supply precise quantity of pressurized fuel into the engine cylinders with the help of injectors. The rapid increase in the demand for vehicles with diesel engines due to rising prices of petrol as a vehicle fuel is driving the expansion of the global diesel common rail injection system market.
The high rate of adoption of advanced technology in automotive industry in order to reduce the emission rate of the vehicles by controlling the fuel consumption by those vehicles positively impacting the expansion of the global diesel common rail injection system market. The strict regulatory framework imposed by the government of various countries regarding the emission rate of the vehicles is another factor driving the global diesel common rail injection system market towards significant expansion.
However, the absence of aftermarket and increasing inclination towards the adoption of electric vehicles over fuel-driven vehicles are likely to hamper the growth of the global diesel common rail injection system market in the coming years.
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Market Segmentation:
The global diesel common rail injection system market has been segmented on the basis of type and vehicle type. Based on type, the diesel common rail injection system market is segmented into engine oil, gear oil, grease, transmission fluid, engine coolants and other fluids. Based on vehicle type, the diesel common rail injection system market is segmented into light vehicles, commercial vehicles and heavy vehicles.
The light vehicles segment accounts for the largest market share in the global diesel common rail injection system market owing to the increasing adoption of light vehicles with diesel engines and strict regulatory framework regarding the emission rate in various regions.
The Key Players Of The Global Diesel Common Rail Injection System Market:
that are profiled in the report by MRFR are Continental AG, Delphi Co., Denso Corporation, Federal Mogul, Ganser, Hyundai KEFICO, Robert Bosch GmbH, Siemens Deka Inc., Woodward Co., Eaton, and others.
Regional Analysis:
The global diesel common rail injection system market is geographically segmented into five major regions such as North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The diesel common rail injection system market in the Europe region is expanding significantly owing to the proliferation in the production of automobiles to fulfill the increasing demand for vehicles with diesel engines all over the world.
The Middle East and Africa region is projecting rapid growth in the global diesel common rail injection system market owing to the stringent regulatory norms imposed by the government regarding the emission rate of the vehicles in this region.
The brisk development in the automobile industry and increasing adoption of vehicles with diesel engines in the Asia Pacific region are fueling the expansion of the diesel common rail injection system market in this region. The North America and South America regions are anticipated to witness noteworthy growth in the global diesel common rail injection system market owing to the increasing demand for diesel common rail injection system in this region.
Competitive Analysis:
The rapid development in the automotive industry has created multiple opportunities for the players to invest in the diesel common rail injection systems market. The increasing research and development expenditure by the manufacturers for new and advanced product launch is strengthening the competition among the players in the global diesel common rail injection system market. The strategic mergers and acquisitions are aiding the expansion of diesel common rail injection system market on a global level.
In February 2018, YANMAR, one of the leading diesel engine manufacturers in Japan, has announced the launch of 3JH40. It’s the world’s smallest common rail inboard marine diesel engine which is equipped with electronically managed diesel common rail injection technology that assures high efficiency and improved performance.
The key players of the global diesel common rail injection system market that are profiled in the report by MRFR are Continental AG, Delphi Co., Denso Corporation, Federal Mogul, Ganser, Hyundai KEFICO, Robert Bosch GmbH, Siemens Deka Inc., Woodward Co., Eaton, and others.
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