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Explore Industry Insights in Global Automotive Fuel Injection System Market - Size, Share, Development, Growth and Demand Forecast to 2022
Automotive Fuel Injection System Market
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Fuel injection pump along with vacuum pump are expected to gain market share in due course of time, while transmission oil pumps is expected to lose its share by 2022. The other pumps segment is expected to lose its share by 2022, as compared 2015, due to them being replaced by electric power steering.
The automotive fuel transfer pumps market in Asia-Pacific was valued at $19.3 billion in 2015 and is forecasted to reach $28.5 billion by 2022, witnessing a CAGR of 5.8% during 2016 - 2022. The region is further expected to lead the global market during the forecast period in 2022.
Majority of the automotive fuel transfer pumps manufacturing companies are largely focused on product differentiation to gain competitive edge in the market. The automakers are incorporating changes in automobile as well as related product designs to cater to the shifting consumer preferences, while maintaining the quality standards.
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Automotive fuel transfer pumps manufacturers are responding to the changing market conditions by offering customized products such as low vibration pumps, compact pumps and brushless fuel pumps for automakers. Product differentiation is a potential opportunity for the market players to secure long-term supply contracts with automotive giants. This is likely to augment the growth in the global automotive fuel transfer pumps market over the forecast period.
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Some of the major players operating in the automotive fuel transfer pumps market include Robert Bosch GmbH, Denso Corporation, Continental AG, Aisin Seiki Co. Ltd., Delphi Automotive PLC, Johnson Electric, SHW AG, Magna International Inc., Mikuni Corporation, and JTEKT Corporation.
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