Diesel Common Rail Injection System Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||635769|
|出版日期||內容資訊||英文 93 Pages
|共軌式柴油燃料噴射設備的全球市場:成長率，趨勢及預測(2018年∼2023年) Diesel Common Rail Injection System Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年06月01日||內容資訊: 英文 93 Pages||
The global diesel common rail injection system market (CDRI) was valued at USD 20.78 billion in 2018 and is anticipated to register a CAGR of about 2.70% during the forecast period, 2019-2024.
The global diesel common rail injection system market is segmented by vehicle type, fuel injector type, and geography.
Light commercial vehicles, namely vans and pickup trucks, have been considered in the light commercial vehicles segment of the market studied. In 2017, commercial vehicles recorded sales of 25,954,924 unit, with an increase of 6.4% from 2016, of which, the light commercial vehicles sales (vans and pickup trucks) contributed to a higher share of more than 75% of the total commercial vehicle sales.
With the growing environmental concerns, governments, and environment agencies are enacting stringent emission norms and laws, which is expected to result in the decline of diesel engine passenger cars in the coming years.
As a result, the 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 (primarily, due to the rise in the e-commerce business). For instance, according to Eurostat, over 75% of inland cargo transports within the EU, i.e., about 1,750 billion metric ton-kilometers (tkm), travel by road. In some European countries, this percentage goes as high as 90% or more.
Thus, based on the aforementioned positive developments, commercial vehicle manufacturers have to produce vehicles that suffice the emission regulations, and with the growing adoption rate of CDRI technology, the market is expected to witness a boost in the coming years.
Geographically, Asia-Pacific is leading the global CRDI market followed by North America and Europe. The Asia-Pacific region is majorly driven by countries like China, Japan, and India.
In China, commercial vehicles experienced y/y growth of 13.9% to reach 4.161 million vehicles in 2017. This increase can be attributed to compact diesel vehicles meeting the China 5 emission standards from January 2018, along with the rising demand for commercial vehicles. Diesel demand in China was increased by up to 0.5% in 2017, and by 0.8% in 2018, after shrinking by 3.5% in 2016. The diesel demand is increased due to the improvement in mining and industrial activity, commercial vehicle sales, and road freight movements
The demand for diesel common rail injection system is growing in the above country due to numerous factors, such as companies entering into partnerships for developing new products and also manufactures investing in R&D projects. For instance,
Apart from China, the US in the North American region is also expected to witness high demand for diesel common rail injection system, as in the last couple of years, many automakers have introduced various diesel vehicles in the United States, which have been very well received by consumers, and several manufacturers have also announced their plans to expand their diesel model portfolios. For instance,
The growing demand for diesel engine and the continuous investment in the engine technology are fueling the market studied, and it is anticipated to grow, over the forecast period.
The global diesel common rail injection system market is a consolidated market with the presence of major companies, such as Bosch, Denso, Delphi Automotive Technologies PLC, and Continental AG. Others category comprises of companies, such as Cummins, etc. Robert Bosch is leading the market. The company produces the common rail system for gasoline and diesel engine systems under powertrain category of mobility solutions business division. The CRS2-25 model and CRS3-27 models are the two common rail systems offered with solenoid and Piezo injectors. Company has a strong presence in Europe and America markets.
Continental AG holds the second position in the market. Earlier Siemens VDO used to develop common rail systems for vehicles, however, it was later acquired by Continental AG and is currently offering diesel common rail injection system for vehicles under powertrain division.