Rise in demand for fuel-efficient vehicles, increase in thermal efficiency & improved engine performance, surge in stringent regulations associated with emissions, and inclination toward engine downsizing & reduced weight of vehicles drive the growth of the global gasoline direct injection system market. However, high cost of GDI systems and electrification of vehicles restrain the market growth. On the other hand, incorporation of GDI systems in hybrid vehicles and technological advancements present new opportunities in the coming years.
According to the report, the global gasoline direct injection system market size generated $7.6 billion in 2020, and is estimated to reach $20.4 billion by 2030, witnessing a CAGR of 10.8% from 2021 to 2030.
Gasoline Direct Injection System Market Segment Overview
The 4 cylinder segment to offer lucrative opportunities
Based on engine type, the 4 cylinder segment accounted for the largest gasoline direct injection system market share in 2020, contributing to more than half of the global gasoline direct injection (GDI) system market, and is expected to maintain its lead position during the forecast period. Moreover, this segment is estimated to manifest the largest CAGR of 11.6% from 2021 to 2030. This is attributed to lower cost of production, higher fuel efficiency, lower emissions over 6-cylinder engines, and development of lightweight engines. The report also analyzes the segments including 6 cylinder, 8 cylinder, and others.
The fuel injectors segment to maintain its leadership status during the forecast period
Based on component, the fuel injectors segment held the highest market share in 2020, accounting for nearly two-fifths of the global gasoline direct injection system market, and is expected to maintain its leadership status during the forecast period. This is due to high engine compression, increased efficiency, reduced fuel consumption, and increased torque. However, the electronic control units segment is expected to register the highest CAGR of 11.8% from 2021 to 2030, owing to rise in adoption of luxury vehicles, technological advancements, and integration of advanced features in vehicles.
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Asia-Pacific, followed by North America, to grow at the fastest CAGR
Based on region, Asia-Pacific, followed by North America, is projected to portray the fastest CAGR of 12.0% during the forecast period, owing to rise in demand for passenger cars from countries such as China, Japan, and India, introduction of vehicle emission protocols, and rise in the demand for fuel-efficient vehicles. However, Europe contributed the highest gasoline direct injection system market share in terms of revenue in 2020, accounting for nearly two-fifths of the global gasoline direct injection system market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to increase in vehicle production, rise in investments in the manufacturing of automobiles with enhanced features and safety, and introduction of stringent carbon emission regulations.
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Gasoline Direct Injection System Market Key Players
- Denso Corporation
- Hitachi, Ltd.
- Marelli Holdings Co., Ltd.
- Mitsubishi Electric Corporation
- Motonic Corporation
- Park-Ohio Holdings Corporation
- Robert Bosch GmbH
- Stanadyne LLC
- Continental AG
- BorgWarner Inc.
The report analyzes these key players in the global gasoline direct injection system market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the gasoline direct injection system market growth.
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