“The North America fuel injection system market was valued at $10,748.1 million in 2014, and is expected to reach $15,826.0 million by 2019, at a CAGR of 8.0% from 2014 to 2019. The U.S. is expected to hold a market share by value of 64.9% in the North America fuel injection system market by 2019, progressing at a CAGR of 8.1% from 2014 to 2019. The fuel injection system market in the North America region has been segmented into various countries, such as the U.S., Canada, and Mexico. The drivers and restraints of the North America fuel injection system market include the need for improved fuel economy and reduced maintenance, minimized exhaust gas emissions, and easy conversion of conventional fuel driven vehicle to alternative fuel.
By vehicle type, the North America fuel injection system market is divided into passenger car, LCV, and HCV. The LCV fuel injection system market dominates the passenger car and HCV segments and is projected to grow at a CAGR of 7.8%.
Geographically, the North America region fuel injection system market is divided into U.S., Canada, and Mexico. The U.S. fuel injection system market was valued at $6,980.1 million in 2014, and is expected to reach $10,343.7 million by 2019, at a CAGR of 8.1% from 2014 to 2019. Mexico is expected to grow at CAGR of 7.8% from 2014 to 2019.
The North America fuel injection system market is a competitive market with a number of market players with advanced technologies. As of 2014, the major players in North America fuel injection system market include Robert Bosch GmbH, Denso Corporation, and Delphi Automotive PLC. New product launches and expansions were the major strategies adopted by most market players for growth in North America fuel injection system market.
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