Market Research Report Fuel Injection System Market,Automotive Fuel Injec | Page 8

July 2017
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WHAT IS THE SCENARIO OF AUTOMOTIVE FUEL
INJECTION SYSTEMS MARKET IN INDIA?
Automotive fuel injection systems
market in India is almost entirely
domestically produced owing to easy
availability of raw material in the
country. 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. 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.
Figure: India Automotive Fuel Injection Systems Market Size by Revenues in
INR Billion, FY’2012-FY’2017
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India Automotive Fuel Injection Systems Market Outlook to 2022
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FY'2012
FY'2013
FY'2014
FY'2015
FY'2016
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FY'2017
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