Manufacturers concentrating on the development of lightweight, low-cost automotive common rail systems in order to maximise asset value in automotive sector is driving global diesel common rail system market.
Covid-19 Impact & Market Status
The COVID-19 outbreak has had a severe influence on the diesel common rail injection systems market. The COVID-19 outbreak delayed economic growth in practically all major countries and altered consumer spending habits. Overseas travel has been restricted as a result of the lockdown enacted in some nations, which has adversely disrupted the supply chain of various businesses worldwide, deepening the supply–demand imbalance. As a result, a shortage of raw materials is expected to restrict the rate of production of diesel common rail injection systems, having a negative influence on market development. However, as governments across the world continue to relax laws for resuming company activities, the situation is expected to improve.
This report details about the global status of the diesel common rail system market looking deeply into the key aspects of the market.
Increasing Demand For Commercial Vehicles Will Propel The Market Growth
The global diesel common rail system market is classified into light commercial vehicle, passenger cars, heavy commercial vehicle, and others on the basis of type. Among these, the light commercial vehicle sales segment accounted for highest market share. Light commercial vehicle sales accounted for a larger proportion of overall commercial vehicle sales, accounting for more than 75% of total vehicle sales. Environmental authorities are establishing severe emission restrictions and legislation in response to rising environmental concerns, which may result in the extinction of diesel vehicles in the future years.
Diesel Engine Segment Poised for Rapid Market Growth
The global diesel common rail system market is classified into common rail diesel injection, conventional diesel and others on the basis of type. Among these, the conventional diesel engine type segment is poised for rapid market growth. The demand for conventional diesel engines is only likely to climb due to an increase in commercial vehicle sales and considerable development in the logistics business, as well as the rising construction industry. The diesel common rail system market is projected to thrive as commercial vehicle demand rises. This is mostly due to growing desire for fuel-efficient commercial vehicles. The government has created a number of incentive programmes to encourage the use of diesel in commercial vehicles. This is expected to increase boost the demand for diesel common rail systems in this market in the near future.
The most prevalent engine seen in commercial vehicles is the diesel engine. Diesel engines have been more popular in recent years due to their greater fuel efficiency and lower pollutants. The increasing adoption for diesel in commercial vehicles is likely to take the diesel common rail system industry forward. As a result of the aforementioned beneficial improvements, commercial vehicle manufacturers are required to build cars that meet emission rules. The rising rate of adoption of common diesel rail system technology is likely to drive market expansion in the future years.
Asia Pacific Emerges As The Market Leader In The Diesel Common Rail System Market
Geographically, Asia-Pacific is the market leader for diesel common rail systems, trailed by North America and Europe. The region's demand for the mentioned market is rising due to a lot of factors, including companies forming alliances to develop new products and producers putting money in R&D initiatives. Commercial automobiles in China increased by 13.9 percent. This growth can be ascribed to small diesel vehicles satisfying China's pollution limits, as well as increased commercial vehicle demand. China's diesel demand climbed by up to 0.5 percent in 2017 and by 0.8 percent in 2018. Diesel consumption surged as mining and industrial activities, commercial automotive sectors, and road freight movements improved. Many automakers have released numerous diesel cars in the United States in recent years, which have been well accepted by consumers, and several manufacturers have indicated intentions to extend their diesel model portfolios.
The cheaper cost of diesel cars and diesel in comparison to gasoline is driving diesel automobile sales volumes, which is frequently promoting the expansion of the global diesel common rail injection systems market.
The implementation of severe pollution control requirements, particularly for commercial vehicles, noise reduction, and enhanced fuel economy are some of the primary drivers driving global diesel common rail system market development.
The diesel common rail system market is expected to be of worth USD 29 billion at a CAGR of 5.3% during 2022-2029.
A common rail diesel system is a kind of system used for fuel injection. The fuel in a common rail system is pressurised before it could be infused into the cylinder. When the fuel is injected into the cylinder, it is atomized, which improves the movement of the fuel into the combustion chamber and provides better fuel atomization. This results in enhanced combustion, which results in more power and reduced emissions.
The metering valve, which is positioned in between injector and the fuel tank, is part of the common rail system. The metering valve, which is linked to a high-pressure fuel pump, regulates the quantity of fuel which enters the engine. The pump squirts fuel from the tank into the combustion chamber.
The injector does not need to be under as much pressure as it would be in a direct injection system. As a result, these are more durable and can endure greater temperatures. In terms of efficiency, the common rail system beats the old fuel system. When compared to conventional diesel oil injection systems available in the market, these systems in diesel vehicles increases the fuel efficiency by about 35%.
The fuel pump supplies gasoline to the common rail and then transfers it to the fuel injectors at high pressure. Because the use of this system in combustion engines boosts power output while reducing fuel loss, resulting in enhanced vehicle mileage, vehicles equipped with an automotive common rail system may therefore be classified as an efficient and affordable alternative in automobiles.
The diesel common rail system market has indeed been noted to be extremely fragmented due to a higher number of small and independent scale producers engaged in the production and marketing of automobile common rail systems in their different regional marketplaces throughout the world.
Other causes include diesel common rail injection systems that are more efficient than rivals, as well as the cheaper cost of diesel cars. Diesel is predicted to expand the market. Furthermore, high emission standards imposed by global environmental and regulatory authorities may limit market expansion.
However, rising demand for and proliferation of electric cars in the automotive industry is likely to stifle global diesel common rail system market development.
Furthermore, rising consumer awareness and government attempts to promote the usage and purchase of electric cars are important impediments to the expansion of diesel common rail injection systems.
The key market players in the diesel common rail system market includes Robert Bosch GmbH, Delphi Technologies, Magneti Marelli SpA, Denso Corporation, Eaton Corporation, Continental AG, Hyundai KEFICO, etc
Major Developments in The Diesel Common Rail System Market: A Snapshot
- Delphi produced improved common rail diesel injection systems as well as post-processing solutions to assist this engine in meeting China's pollution standards.
Diesel Common Rail System Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 29 billion|
|Growth Rate||CAGR of 5.3 % during 2021-2028|
|Segment Covered||Type, Engine Type, Material, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Robert Bosch GmbH, Delphi Technologies, Magneti Marelli SpA, Denso Corporation, Eaton Corporation, Continental AG, Hyundai KEFICO, etc|
Key Segments of the Global Diesel Common Rail System Market
Type Overview, 2019-2029 (USD Billion)
- Light Commercial Vehicle
- Passenger Vehicle
- Heavy Commercial Vehicle
Engine Type Overview, 2019-2029 (USD Billion)
- Common Rail Diesel Injection
- Conventional Diesel
Material Overview, 2019-2029 (USD Billion)
- Stainless Steel
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa