As the number of fuel-injected vehicles on the road continues to rise and the number of injectors installed per vehicle increases, the aftermarket for fuel injectors is expected to show impressive growth.
According to new strategic research conducted by Frost & Sullivan http://www.frost.com U.S. Fuel Injector Aftermarket, revenues for the total market have climbed from $228.5 million in 1998 to $242.0 million in 1999. Market growth is anticipated through 2005.
Although fuel injection was introduced in the late-1980s, it was not until the early-1990s that it was widely applied to cars. With a life expectancy of around 10 years, those early fuel injectors are now coming in for repair and replacement, boosting aftermarket revenues.
The pace of technological advancement in this market is expected to accelerate as automakers develop new technologies to meet changing emission standards, comments Frost & Sullivan analyst Meenakshi Ganjoo.
Designers are mainly looking to improve reliability, performance and cost-effectiveness of fuel injectors. Though changes are generally driven by OEMs, aftermarket manufacturers need to keep pace with new technologies, says Ganjoo. Under such circumstances, understanding OE specifications and achieving OE standards is difficult, as it requires extensive research and testing facilities.
Meanwhile, changing EPA standards and automakers desire to have smaller, lighter and longer-lasting fuel injectors have resulted in an explosion of part numbers. The biggest challenge for aftermarket suppliers is to supply all variations of injectors that are available, including numerous new designs.
Although there has been some consolidation in part numbers, suppliers are reluctant to continue that trend because of the possibility that replacements will fail to meet EPA standards. Fuel injector distributors and installers consider parts coverage a major criteria in choosing a supplier, second only to quality.
This Frost & Sullivan report provides a detailed analysis of the fuel injector aftermarket. It includes in-depth discussions of market drivers and restraints as well as demand and pricing trends. The study also examines a wide range of significant market measurements, from revenues and growth rates to price sensitivity and market concentration.
Frost & Sullivan presents 2000 Market Engineering Awards to companies that have worked hard to make a positive contribution to the fuel injector industry.
The Market Engineering Leadership Award is presented to Dana Corporation.
Market participants include ACDelco; Airtex Products; AMC Manufacturing; Auto Life USA; Delphi Automotive Systems Corporation; Dana Corporation; Federal-Mogul Corporation; Fuel Injection Corporation; GB Remanufacturing, Inc.; Holley Performance Products; Linder Technical Services; Magneti Marelli USA; Python Injection, Inc.; Robert Bosch Corporation; Siemens Automotive Aftermarket; Standard Motor Products, Inc.; Tomco, Inc.; Visteon Automotive Systems; Walker Products, Inc.; Wells Manufacturing Corporation; and Nitoma, Inc. The industry association is the Motor & Equipment Manufacturers Association (MEMA).
Frost & Sullivan is an international marketing consulting company that monitors the industrial market for trends, measurements and growth rates. This study is utilised to update a series of online research such as the U.S. Automotive Fuel Pump Aftermarket. This is complemented by support for industry participants with custom consulting needs. Free executive summaries of all Frost & Sullivan reports are available to the press.