The Future of Engines & Fuel: A 2018 OutlookLeave a Comment
It is next to impossible to imagine the world in existence without the origin of early power sources. In fact, the early 19th century is noted for its “power gap” where a lot of stalled progress was made on the back of the invention of the engine.
Over the last few decades, massive changes have swept this market. From the obsession with clean energy that calls for a completely different take on traditional power production to breakthroughs that have allowed us to do more with less fuel – the need for engines and their systems continues forward.
With 2018 in front of us, experts are cautiously optimistic about the future of the industry.
What Can the Engine & Fuel Injection Industry Expect Over the Next 12 Months?
Some of the biggest buyers of this sector are seeing robust growth.
Commercial fleets and aviation regularly invest in the R&D for better engines and 2018 augers well for them. The massive 1.3 trillion-dollar US freight industry is expanding at a rapid pace and with 1.4 million new vacancies, it is interested in recruiting workers who will view trucking as a lucrative career and not something to fall back on if other opportunities dry up. With this focus on improvement, the ATA has predicted a consistent annual spike of 3.4% in prospects for trucking businesses – well into 2023.
The automotive industry isn’t lagging behind either. Bolstered by low gas prices and a pick up in the housing curve – which has a strong correlation with domestic car purchases – it will continue to generate demand for engines and parts.
2018 also happens to be the year that was marked for the maturity of the fuel injection systems industry. The sector will peak at a value of $72.5 billion and the US will be one of the chief drivers of the momentum. There is no doubt that the concern for a greener world is here to stay and fuel injection systems – especially for gasoline – promise to provide a range of benefits including reduced pollution.
Central Diesel Inc. is Ready for the Upsurge:
As a reliable provider of engines, clean diesel engines, filtration systems, exhaust systems, electrical components and generators, we have successfully served the national government, transportation businesses, fabrication specialists and the automotive industry for close to 5 decades.
We are known for our ability to custom design parts and extend consultation, support and maintenance services for various niches.
If you are looking to keep pace with what 2018 has to offer, please follow us on Twitter and LinkedIn. You can also contact us to request quotes for your needs today.