Press release
Fuel Pump Market will reach 6770 million US$ in 2023
A fuel pump is a mechanical or electrical pump that draws fuel from a tank to provide the fuel supply for a carburetor or fuel injection system.
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Global Fuel Pump Market: Forecast by Type / Application / Region
The consumption volume of fuel pump is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of fuel pump industry may not keep that fast. But it is surely forecasted that the market of fuel pump is still promising. Europe is the biggest provider for fuel pump equipment, but Asia-Pacific has the highest growth rate. Vendors recognize the importance of this region, particularly in India and China, and are working towards penetrating this market by strengthening their sales and distribution networks.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The worldwide market for Fuel Pump is expected to grow at a CAGR of roughly 3.2% over the next five years, will reach 6770 million US$ in 2023, from 5620 million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the Fuel Pump in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Nonferrous Metal Recycling Market:Key Players
Bosch
Continental
Denso
Delphi
TI Automotive
AC Delco
Airtex
Valeo
Carter Fuel Systems
MS Motorservice
Joinhands
Magneti Marelli
Daewha
Pricol
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Related Information:
United States Fuel Pump Market 2018 Forecast to 2023
Europe Fuel Pump Market 2018 Forecast to 2023
North America Fuel Pump Market 2018 Forecast to 2023
Asia-Pacific Fuel Pump Market 2018 Forecast to 2023
China Fuel Pump Market 2018 Forecast to 2023
EMEA Fuel Pump Market 2018 Forecast to 2023
Global Fuel Pump Market 2018 Forecast to 2023
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