Global Automotive Fuel Injection Systems market is expected to increase at a compound annual growth rate (CAGR) of 4.24% during 2012-2016, according to a report by the TechNavio.
The Global CNG Vehicle is anticipated to reach 19.8 million units by 2016 from the estimated 15.8 million units in 2012, the report revealed.
Rise in the demand for CNG vehicles and dual-fuel or bi-fuel vehicles, has driven the increase in the demand for bi-fuel injection systems, thus increasing the Global Automotive Fuel Injection Systems market.
Worldwide strengthening of fuel economy standards is also considered to increase demand for automotive fuel injection systems, according to the report.
Recently, users have started the conversion of gasoline vehicles into CNG vehicles by installing CNG components in the gasoline vehicle, which is expected to add to the increase in the components market.
