Global Gasoline Direct Injection Market Report, published by Variant Market Research, forecast that the global market is expected to reach $10,771 million by 2024 from $2,800 million in 2016, growing at a CAGR of 18.3% from 2016 to 2024. Some of the major driving factors of the global gasoline direct injection are growing need for high fuel efficient & performance vehicles, increasing adoption of automotive GDI and strict rules and regulations for the carbon. Though, high cost of systems and growing demand for electric vehicles may hinder the growth of the market. Major opportunities of the market are technological advancements and new GDI systems for hybrid vehicles.
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The global gasoline direct injection market has been segmented into vehicle type, component, and geography. Vehicle type segment includes passenger cars, light commercial vehicles and heavy commercial vehicles. In 2016, passenger cars held the highest market share and it is also expected to grow at a fastest CAGR over the forecast period, 2016-2024. The component segment is further divided into fuel injection, fuel pump, sensors, ECU and other components.
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Geographical sub segments of the global gasoline direct injection market are North America, Europe, Asia-Pacific and Rest of the World (RoW). North America held the highest market share followed by Asia-Pacific in 2016. In terms of growth, Asia-Pacific is expected to grow at a fastest CAGR over the forecast period, 2016-2024, driven by growing disposable income, increasing concern for environment and significant growth in the automobile sector.
The major players of the gasoline direct injection market are Robert Bosch GmbH, Delphi Automotive LLP., Infineon Technologies AG, Bajaj Auto Ltd., Hitachi Automotive Systems, Ltd., Eaton Corporation, MSR-Jebsen Technologies, Mitsubishi Electric Corp., Continental AG and Keihin Corporation, among others.
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