Automotive Pumps Market 2018 Global Outlook to 2023 Research Report

Posted by Abhijeet Bendre on October 19th, 2018

Automotive Pumps Market 2018 Global Industry Analysis To 2023, is new research report published by “Market Research Future”. Global Automotive Pumps Market by product (Fuel Pump, Oil Pump, Steering Pump, Water Pump, Fuel Injection Pump and other),By Technology (Mechanical, electrical) By Vehicle type (Passenger car, LCV, HUV, two wheeler ) - Forecast 2016-2022.

The major player operating in the market of Global Automotive Pumps are Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive and SHW AG.

Automotive Pumps Market Insights:

Booming automotive industry leads to increase in demand for automotive pumps market. The increase in vehicle production along with emission norms, as well as adoption of new technologies are some of the factors which drives the market. New technologies such as automatic transmission and gasoline turbocharged direct injection are mostly used to improve the performance of vehicle. Moreover, trend shifted towards electrification as well as more emphasis on fuel efficiency spur the growth of automotive pump market. Along with this, growing demand for environment friendly services has ensured manufacturers to plan for efficient automotive pumps. Additionally increasing demand for fuel efficient vehicles has significantly pushed the demand in the automotive pumps market.

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Asia pacific is referred as fastest and largest growing market for automotive Pumps. Countries such as china and India showing growth due to attributing features such as light weight vehicles as well as enhanced fuel efficiency. Increased production capacity in terms of volume and new facilities with innovative technological advancements are driving the market of automotive pumps in the APAC region.

Whereas, Western Europe ranked second for the automotive pumps. Moreover, innovation in ICT segment is referred as a key competence for the growth in this region. Already existing major market players are heavily investing in research and development which is expected to further fuel the demand for automotive pumps market in this region.

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