Press release
Automotive Pumps Market: Product Innovation and Product Differentiation to Rope in Lucrative Growth Opportunities
Fact.MR
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In order to improve customer experience, major manufacturers are concentrating on integrating smart technological features. Major manufacturers are incorporating sensors that ensure that the vehicle fluids are at the optimal pressures. Also, manufacturers are aiming to develop light-weight and compact automotive pump designs to improve the fuel economy of the vehicles. Through product differentiation and innovation, major companies are concentrating on attaining a competitive edge in the global market.
More Than US$ 75,200 Mn Opportunity in Global Automotive Pumps Market
Fact.MR states that the global automotive pumps market is predicted to reach a value of over US$ 75,200 Mn by the end of 2026. Growing need for consistent fuel supply in vehicles has led to an increase in demand for the automotive pumps in the automotive industry. Inadequate fuel supply can hamper the performance of vehicles. On the account of this, manufacturers are concentrating on incorporating innovative technological features in the automotive pumps to reduce the fuel consumption. Also, manufacturers are developing automotive pumps in alignment with the emission-control regulations imposed by the government in various countries. In order to offer better customer experience, major manufacturers are aiming to offer low-friction pumps that are budget-friendly, provide low fuel consumption, and meet the quality standards. Major automotive companies are concentrating on offering compact and light-weight pumps to improve fuel economy. In order to expand their customer base, leading firms are concentrating on product differentiation and innovation.
As the need for a consistent supply of fuel in vehicles persists, demand for the fuel supply pumps will increase in the automotive industry. In terms of revenue, fuel supply pumps are projected to witness the highest growth in the global market 2026-end. Demand for electronic automotive pumps is projected to remain high as compared to the mechanical pumps. The electronic automotive pumps are expected to generate significant revenues in the global market by the end of 2026. Demand for the automotive pumps is likely to remain high among the LCV vehicles. In terms of revenue, the LCV vehicles are expected to record a robust revenue growth in the global market by the end of 2026.
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Sales of the automotive pumps will remain high through OEM channels. The OEM channels are expected to represent a significant revenue growth in the global market by the end of 2026. In addition, sales of automotive pumps is projected to witness the fastest growth in the global market through 2026.
Leading players in the global market are Mahle Group, Davies Craig, Continental AG, SHW AG, TRW Automotive, Magna International, Mikuni Corporation, KSPG AG-A, Johnson Electric, Robert Bosch Gmbh, Denso Corporation, Delphi Automotive, and Aisin Seiki Co. Ltd.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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