2 Wheeler Fuel Injection System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

2 Wheeler Fuel Injection System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The 2-wheeler fuel injection system market was valued at USD 9.81 Billion in 2021 and is expected to grow to USD 14.56 Billion by 2027, registering a CAGR of 6.8% during the forecast period.

The Covid-19 pandemic adversely affected the 2-wheeler fuel injection system market. The temporary closure of two-wheeler dealerships and disruption in the supply chain impacted the market growth. However, post the lockdown period, growing consumer trends toward private vehicles during the pandemic increased the two-wheeler sale across the globe. The two-wheeler industry is recovering from the pandemic and witnessed significant growth in terms of volume which is expected to continue during the forecast period. This is likely to drive the market growth during the forecast period.

Over the medium term, owing to the stringent government rules and regulations regarding two-wheeler emissions, increasing demand for cleaner and efficient vehicles, and inefficiency of carcarburetorstems are likely to drive the market.

Ride-by-wire (RbW) technology is witnessing rapid adoption, as it uses actuators, sensors, and the Electronic Control Unit to throttle wire to regulate the supply of fuel and air in the engine, thus providing high efficiency and engine performance. Earlier, RbW was factory installed only in high-end bikes. However, now it is introduced in mid-segment bikes, such as KTM Duke 390.

Engine downsizing is on the rise, as two-wheeler makers are developing smaller engines with better fuel injection systems. Downsizing shifts the engine operation to high loads where high engine efficiency exists. Lightweight engine helps to enhance the fuel efficiency. Rising popularity of electric two wheelers across te globe is likely to hinder the growth of the fuel injection system market.

Key Market TrendsElectronically Controlled Fuel Injection System may Witness Growth During the Forecast Period

A fuel injection system atomizes the fuel at very high pressure, mixes it with oxygen in the proper ratio, and sprays it in particular engine cylinders making them highly efficient, unlike the conventional carburetors that do not monitor the air-fuel ratio and spray the mixture in multiple cylinders, leading to unburnt fuels and misfiring of engines, which further leads to engine inefficiency.

The growing consumer trend toward optimal fuel consumption is likely to increase the adoption of electronic fuel injection systems in two-wheeler vehicles. A fuel injector is connected to the electronic control unit and also connected to multiple sensors in electronic fuel injection systems, the ECU and sensor will operate together to ensure the right amount of fuel is injected into the combustion chamber. Due to this, a sufficient amount of fuel is sprayed across the combustion chamber and reducing the wastage of fuel. Owing to such an advantage, the major two-wheeler manufacturer is adopting an electronic fuel injection system.

Asia-Pacific is Expected to be the Fastest Growing Region

Asia-Pacific dominates the market, and the region is expected to witness the fastest growth rate during the forecast period.

In Asia-Pacific, the Indian motorcycle market has been the largest in the world since 2016, with the presence of major manufacturers, such as Hero, TVs, and Honda. With the social advancement of women and the growing demand for comfort and convenience, the demand for scooters has been continually increasing, as they are convenient. Additionally, the premium price market segment for mid and large-sized motorcycles is also expanding, owing to a growing demand for high-performance and cruiser bikes. The rapid expansion of small and medium-scale industries across the country is likely to create an opportunity for vehicle parts manufacturers.

The rise in the sale of two-wheelers in China is likely to drive the market. In 2021, China witnessed around 15,984 thousand two-wheeler vehicle sales and is likely to grow during the forecast period, which is likely to increase the demand for fuel injection systems across the country. The major presence of vehicle manufacturers across the country is likely to create an opportunity for the market.

Competitive Landscape

The 2-wheeler fuel injection system market is dominated by major players, such as BorgWarner Inc., Marelli Holdings Co. Ltd., Mikuni Corporation, Keihin FIE, and Robert Bosch, holding significant market shares. Growing mergers and acquisitions between vehicle parts manufacturers are likely to witness major growth in the market. For instance,

• In October 2020, BorgWarner has acquired Delphi Technologies. Through this acquisition, BorgWarner strengthens its electronics and power electronics capabilities and enhances its combustion, commercial vehicle, and aftermarket businesses.

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