Scienza e Tecnologia
Rising Carbon Emission Concerns are Fueling Gasoline Direct Injection Demand: Future Market Insights
Emission regulations across the globe are promoting technological developments in the automotive industry. For example, the European Union (EU) as per the Paris agreement, has committed to set a cap on greenhouse emission at 40% for its reduction by 2030.
Additionally, the EU has set a net-zero greenhouse emission target to be achieved by 2050, which is encouraging players in the automobile industry to manufacture efficient gasoline direct injection (GDI) products, boosting the growth of the market.
Similarly, in the U.S., the EPA has partnered with NHTSA to launch Safer Affordable Fuel Efficient (SAFE) vehicle models for years 2021-2026, which will provide growth opportunities for the gasoline direct injection market.
Short-term regulations imposed due to the COVID-19 pandemic have disrupted operations in the automotive and transportation sector, affecting the aftermarket sales and market prospects.
The shortage in supply has caused a slump in the automotive sector. However, growth prospects for the upcoming decade seem bright for the market with gradual shift to pre-pandemic activities, as per the study by ESOMAR-certified firm FMI.
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According to FMI's study, prominent players in the moderately fragmented market are showing preference towards research & development activities in order to improve product functionality. Additionally, they are showcasing inclination for acquisitions and collaborations to gain competitive edge. For instance:
Leading players profiled by FMI operating in gasoline direct injection market include
The latest market study on global gasoline direct injection market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:
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