Automotive fuel injection systems market in India is almost entirely domestically produced owing to easy availability of raw material in the country. India Auto Component Market research , The fuel injection systems market size in India grew from INR ~ billion in FY’2012 to INR ~ billion in FY’2014. The market witnesses a growth of ~ in FY’2013 followed by a mere growth of ~% in FY’2014. India Auto Fuel Injection Market, Automotive Fuel Injection Systems Market, Automotive Fuel Injector Market, Fuel Injection System Market, Fuel Injection Systems Market Share, Automotive Fuel Injection Systems Industry ,India Auto Component Market research, The slump in market growth in FY’2014 was due to decline in sales of light and heavy commercial vehicles coupled with decline in sales of passenger cars in the country.
The market witnessed a sharp decline by ~% in FY’2015 and further erosion of ~% in FY’2016 to register revenues worth INR ~ billion in FY’2015 and INR ~ billion in FY’2016, respectively. This decline in market revenues was primarily owed to slump in exports of fuel injection systems coupled with decline in demand from commercial vehicles segment. In FY’2016, the market for fuel injection systems returned to positive growth by registering an incline of ~% from
previous year to record revenues worth INR ~ billion in FY’2017. This was driven by 4.2% growth in sales of automobiles in the country including two wheelers, three wheelers, passenger cars and commercial vehicles.
The automotive fuel injection systems market value chain involves the presence of both domestic as well as international manufacturers’ fulfilling the demands of organized and unorganized sector in the country. The market is very organized with manufacturers supplying the systems to OEMs and Aftermarket as per their needs and preferences.
The process of manufacturing of fuel injection system is labor intensive and companies employ cheap labor for the same. Apart from state-of-the-art machines used in manufacturing fuel injection parts with precision, skilled manual labor is extensively required to assemble the parts and test it under various environmental conditions. The industry faces shortage of skilled labor currently.
Which Segments Are Doing Well In India Automotive Fuel Injection Systems Market In India?
Light and heavy duty commercial vehicles accounted for the largest market share in terms of revenue in FY’2017. Comparatively higher cost and shorter service life resulted in the high sales of fuel injection systems in this segment. Large number of commercial vehicles operating in the country coupled with high replacement demand resulted in high sales of fuel injection systems for light and heavy commercial vehicles in FY’2017. Moreover, sales of commercial vehicles also grew by 4.2% in FY’2017.
All four wheelers today are equipped with port or direct fuel injection systems. Owing to high sales of four wheeler passenger cars in the country, fuel injection systems meant for four wheelers accounted for a considerable market share in terms of revenue in FY’2017.
The OEM (Original Equipment Manufacturer) market is entirely organized with car manufacturing companies procuring fuel injection systems from their developers or manufacturing it themselves. Therefore, OEMs had a strong market share in both gasoline and diesel based injection systems. Bosch was by far the largest player operating in both OEM and aftermarket segment.
OEM comprised for a market share of ~% as compared to ~% by aftermarket sales as of FY’2017. Profit margin for fuel injection systems manufacturers is usually around ~% in the OEM segment.
Replacement demand for defective common rail diesel injection systems, especially from light and heavy commercial vehicles, coupled with steady replacement of carburetors in two wheelers has resulted in ~% market share of aftermarket sales, as of FY’2017. Profit margin for fuel injection systems manufacturers is usually around ~% in the aftermarket segment.
It is estimated that auto & auto parts industry in India will have to invest over USD 10 billion to be able to manufacture BS-VI compliant cars. Investments have to be made progressively over the next three years in line with the market demand.
Topics Covered in the report
- Automotive Fuel Injection Systems Market,
- Automotive Fuel Injector Market,
- Fuel Injection System Market,
- Fuel Injection Systems Market Share,
- Fuel Delivery, Injection Systems Market Forecast,
- Best Fuel Injector in India,
- Fuel Injection System Manufacturers India,
- Fuel Injection Components in India,
- Automotive Fuel Injection Systems Industry,
- Fuel Injection Equipment Dealers in India
- India Auto Component Market,
- India Auto Fuel Injection Market,
- Market Analysis Fuel Injections in India,
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Ankur Gupta, Head Marketing & Communications