The report Global Automotive Pumps Market by Pump Type (Fuel, Oil, Water, Transmission, Steering, Windshield washer, Vacuum Pump, Fuel Injection Pump,) By Vehicle Type (Passenger Vehicle, Commercial Vehicle,), and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America) Global Automotive Pumps Market was valued at US$ 16.3 Bn in 2019 and is expected to reach US$ 26.5 Bn by 2027, at a CAGR of 6.7 % during a forecast period.
Driving factors for the Automotive Pumps Market are the consumers preferable to most efficient and high safety with better interior in vehicle production are in full fledge. Fuel supply pumps are used in almost all vehicles, which makes them among the leading pump types in the automotive pumps market. Rising vehicle electrification, growing implementation of environmental regulations and increasing adoption of advanced automotive technologies such as gasoline direct injection and automatic transmission. OEM focus on battery-driven vehicles and increase in installation of electric power steering will act restraint to the market
In Vehicle Type, Passenger Vehicle segment is leading the Automotive Pumps Market.
Passenger vehicle still remain key player in automotive industry as per changing economics and changing consumer life style with better vehicle in less price. Technology like AI have made many thing possible to automotive industry with current to take decision and then start vehicle production. Good economic conditions along with better deals and more cars to choose boosted sales and allowed global passenger vehicle to keep its key position in the global ranking. The passenger vehicle market performed well in forecasted period, with established economies maintaining growth, whilst developing markets like Russia and Brazil returned to growth following declines last year.
Asia Pacific is the leading regional market for Automotive Pumps Market.
In forecasted period Asia pacific will see increasing demand for vehicles equipped with Automotive Pumps technology in countries such as China, India, South Korea and Japan. Automotive manufacturers need to adhere to the safety standards defined by the governments of respective regions. China has made a massive effort to link its megacities and its smaller cities. Presence of leading manufacturers and consumption markets drives the market value of the region. Boost in M&A activities, site relocations, integration operations are being increasingly observed in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Continental, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive, SHW AG and Valeo.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Pumps Market positioning of competitors.
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