Press release
Market Research on Automotive Pumps Industry Reveals Market’s Growth Pattern, Top Players and Forecast till 2026
Fact.MR
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Automotive pump is a crucial component found in all types of vehicles, but advances in automotive technology has continued to influence its design and application prospects. Fact.MR projects that the global automotive pumps market will surpass US$ 75,200 Mn by the year 2026. As global sales of vehicles continue to grow, it also ushers the demand for various automotive components and parts including automotive pumps. OICA (Organisation Internationale des Constructeurs d’Automobiles) statistics suggest that more than 94,976,500 vehicles were produced globally in 2016. In the same year, Selectusa a website managed by The International Trade Administration (ITA), U.S. Department of Commerce revealed that U.S. light vehicle production reached nearly 12 million passenger vehicles. A steady growth has been observed by the automotive sector in recent years, which has reflected favourably on several other sub-sectors associated with the industry.
APEJ will remain the Largest Market for Automotive Pumps Over 2026
Asia Pacific excluding Japan (APEJ) is expected to dominate the global automotive pumps market in terms of revenue in 2017, and the trend is likely to continue in the year to follow. APEJ automotiv pumps market is set to surge at a CAGR of 5.1% during the forecast period. Economic boom and growth of the manufacturing industry have been the two major forces behind the growth of automotive sector in the region. As such that China now ranks among the largest automotive manufacturers in the world.
Fuel Supply Pumps to Represent a Leading Segment
Demand for fuel supply pump is expected to remain strong throughout the assessment period. In terms of revenue, global sales of fuel pumps currently account for more than 43% share of the market. By the end of 2026, over US$ 30,700 Mn worth fuel pumps are expected to be sold worldwide.
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.
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Table of Contents:
Global Economic Outlook
Global Automotive Pumps Market – Executive Summary
Global Automotive Pumps Market Overview
3.1. Introduction
3.1.1. Global Automotive Pumps Market Taxonomy
3.1.2. Global Automotive Pumps Market Definition
3.2. Global Automotive Pumps Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Automotive Pumps Market Y-o-Y Growth
3.3. Global Automotive Pumps Market Dynamics
3.4. Supply Chain
3.5. PESTLE Analysis
3.6. Porter’s Five Forces
3.7. Pricing Analysis
3.8. Product Life Cycle
3.9. Key Participants Market Presence (Intensity Map by Region)
Global Automotive Pumps Market Analysis and Forecast 2012-2026
4.1. Global Automotive Pumps Market Size and Forecast By Pump Type, 2012-2026
4.1.1. Fuel Supply Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
Continued……..
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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 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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