As per the latest report published by Fact.MR, the global automotive pumps market is set exhibit a CAGR of 4.6% during the forecast period (2017-2026). Global sales of automotive pumps is expected to remain heavily influenced by the demand for vehicles. Automotive pumps are an indispensable automotive component and is present in most vehicle types, although, increasing popularity of electric vehicles might undermine the prospects of automotive fuel injection pumps the near future. However, manufacturers are stepping up their efforts towards developing automotive pumps that can meet there requirements of next-gen vehicles.
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The scope of Fact.MR’s report is to analyze the global automotive pumps market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Automotive pumps manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to automotive pumps.
Additional Highlight from the Report Include:
- The automotive pump market in Asia Pacific excluding Japan (APEJ) is expected to remain highly lucrative throughout the projection period. The region’s market is expected to increase at a CAGR of 5.1% during the forecast period.
- On the basis of pump type, the fuel supply segment is expected to remain highly profitable in the 2018 and beyond. Currently, the segment accounts for more than 43% revenue share of the global market and is estimated to reach a valuation in excess of US$ 30,700 Mn by 2026.
- Based on technology type, the electric segment will retain its leading position over 2026. The segment currently commands for more than two-third revenue share of the market and is projected to exhibit a CAGR of 4.8% during the forecast period.
- Based on vehicle type, the LCV segment is will continue to hold it dominant position over the next couple of years. The segment currently represents a market valuation of over US$ 7,800 Mn. Between 2017 and 2026, the segment is projected to increase at a CAGR of 5.6%.
- On the basis of sales channel, the OEM segment is expected to surpass a market valuation of US$ 54,900 Mn by 2026, expanding at CAGR of 4% during the assessment period.
Electronic Automotive Pumps Will continue to Outsell Mechanical Pumps
Preference for electronic automotive pumps is expected to remain significantly higher as compared to mechanical pumps. Currently, global sales of electronic automotive pumps accounts for more than two-third share of the market. Increasing automation and popularity of electric powered automotive technology is supporting the adoption of electric automotive pumps.
Competition Tracking
Fact.MR in its report has profiled leading market players operating in the global automotive pumps market, which include Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A, Mikuni Corporation, Magna International, TRW Automotive, SHW AG, Continental AG, Davies Craig, and Mahle Group.
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