Press release
Global Automotive Pumps Market Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026
Fact.MR
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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.
Additional Highlight from the Report Include:
1. 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.
2. 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.
3. 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.
4. 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%.
5. 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.
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 automotive 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.
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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.
Table of Content:
1. Global Economic Outlook
2. Global Automotive Pumps Market – Executive Summary
3. 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
4. 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 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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