In the fuel injection systems market, France is growing significantly, and has currently become the most potential market to invest in the coming years. Key factors influencing the growth of the fuel injection systems market in this country include increasing demand for diesel engine passenger cars and strict implementation of Euro 6c emission law.
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The automobile industry has been the most lucrative as well as most crucial for the economic prosperity in Europe. However, even being the world’s leading producer of motor vehicles, the competition is anticipated to get stiffen with host of new players coming in. The industry is considered to be one of the most stable in Europe, accountable for billions of investments, millions of jobs, and represents a large share of the region’s exports. For instance, in Europe, the automotive sector generates turnover of 6.6% of EU GDP with more than 12.7 million people are employed in the sector.
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The rising demand of commercial as well as passenger vehicles would drive the market for fuel injection systems in Europe. Furthermore, emission control is also causing major concerns in the world, due to which many government authorities are imposing stringent emission norms on the OEMs to manufacture vehicles with lower carbon footprints. For instance, the European Union has already implemented Euro 6 for gasoline passenger cars and will soon mandate the implementation of Euro 6c for the same. To meet such stringent emission standards, vehicles have to be refined not only in terms of its exhaust system but also in terms of its fuel injection systems. As a result, OEMs are focusing on manufacturing fuel-efficient and environmentally clean vehicles. This has resulted a significant increase in the demand for fuel injection systems and expected to witness exponentially growth in the coming years, due to its efficiency to maintain emission stability and increase performance of the engine. Moreover, massive advances have been made in fuel injection systems, largely through investments in new engine technologies. Advance improvements in engines have reduced the CO2 emissions and more than 49% of new vehicles emit less than 120g of CO2 per kilometer, and car fleet CO2 emissions has also decreased by 31.7%.
These parameters together are encouraging and boosting the demand for efficient and economic fuel injection systems. Germany is the largest contributor in the Europe fuel injection systems, owing to the demand of fuel efficient and advance engineering vehicles manufactured in Germany and other parts of Europe from emerging economies such as Asia-Pacific, Africa, and Latin America.
