The off-highway diesel common rail injection system market size has grown strongly in recent years. It will grow from $3.75 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing global and regional emissions standards, rising mining, farming, and construction activities, demand for cleaning lubrication systems in heavy-duty dump trucks, increasing industrialization, and rapid urbanization. The off-highway diesel common rail injection system market size is expected to see strong growth in the next few years. It will grow to $5.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for commercial vehicles, rising consumer demand for fuel-efficient systems, expanding construction and agricultural activities, growth in infrastructure projects, and the growing need for high-performance engines. Major trends in the forecast period include modern fuel injection technologies, improvements in fuel injection technology, innovations in diesel engine technologies, development of cleaner-burning diesel engines, and integration with telematics and the Internet of Things (IoT).
Global Off Highway Diesel Common Rail Injection System Market Key Driver
The growth in commercial vehicle demand is expected to drive the off-highway diesel common rail injection system market. Commercial vehicles, used for business purposes such as transporting goods and passengers, are vital for various economic activities. Off-highway diesel common rail injection systems enhance fuel efficiency, engine performance, and emissions control in these vehicles. In May 2022, the Society Of Motor Manufacturers and Traders reported a 45.2% increase in new bus and coach registrations in the UK’s first quarter of 2022, rising from 671 in the same period in 2021 to 974. The growing demand for commercial vehicles is thus propelling the off-highway diesel common rail injection system market.
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Global Off Highway Diesel Common Rail Injection System Market Segments
The off highway diesel common rail injection system market covered in this report is segmented –
1) By Component Type: High-Pressure Common Rail, Fuel Injectors, Fuel Pump, Electronic Control Unit, Sensors
2) By Product Type:Conventional Solenoid Injectors, Piezoelectric Injectors
3) By Engine Type: Diesel Engines, Other Engine Types
4) By Sales Channel: Original Equipment Manufacturer, Aftermarket
5) By Application: Dump Trucks, Tractors, Excavators, Loaders, Dozers, Other Applications
By Geography:The regions covered in the off highway diesel common rail injection system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia Pacific was the largest region in the off highway diesel common rail injection system market in 2023.
Major Off Highway Diesel Common Rail Injection System Industry Players
Robert Bosch GmbH, Caterpillar Inc., Denso Corporation, Cummins Inc., Mitsubishi Heavy Industries Ltd., Weichai Power Co. Ltd., Komatsu Ltd., Isuzu Motors Limited, Kubota Corporation, Doosan Infracore Co. Ltd., Liebherr International Deutschland Gmbh, Hino Motors Ltd., Kohler Co., Navistar Inc., Woodward Inc., Mtu Friedrichshafen GmbH, Deutz AG, Stanadyne LLC, Volvo Penta, Perkins Engines Company Limited, Delphi Technologies Inc., NOVA Werke AG, Heinzmann GmbH & Co. KG, Yanmar Holdings Co. Ltd
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Off Highway Diesel Common Rail Injection System Market Overview
An off-highway diesel common rail injection system (CRIS) is a type of fuel injection system specifically designed for diesel engines used in off-highway applications, such as construction equipment, agricultural machinery, mining vehicles, and other heavy-duty vehicles operating in rugged environments. The primary purpose of an off-highway diesel common rail injection system is to improve the efficiency, performance, and emissions control of diesel engines used in off-highway vehicles.
Off Highway Diesel Common Rail Injection System Global Market Report 2023 provides data on the global off highway diesel common rail injection system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The off highway diesel common rail injection system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
