Press release
Global Automotive Pumps Market: Expansion Strategies Set to Generate Substantial Revenue in the Near Future with Key players- Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A, Mikuni Corporation, M
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Demand for High-Performance Engines Encourages R&D Investments in the Automotive Pumps Technology
The development of the automotive industry is significantly influenced by evolving emission standards as well as rising sales of automobiles across world regions. Consumers are seeking high-performance vehicles that are light-weight and fuel efficient. The crucial role of automotive pumps in enhancing the engine efficiency has increased the investments in R&D to develop advanced automotive pumps. Manufacturers are focusing on introducing affordable and low-friction pumps that deliver higher efficiency suitable for high-performance engines. Further, to complement the technology of next-gen vehicles manufacturers are actively engaged in new product developments. Design developments with regard to lightweight, rapid response, and affordability are trending in the Automotive Pumps Market.
Fuel Supply Pumps Preserve the Leading Stance, Fuel Injection Pumps to Expand Rapidly in the Automotive Pumps Market
As an essential component of the automobile engine system, fuel supply pump is highly sought after by automakers as compared to other types of fuel pumps. Among different types of automotive pumps, fuel supply pumps continue to maintain their market position with consistently evolving effective fuel supply technology. That said, the fuel supply segment is expected to continue its dominance with a significant market valuation exceeding sales over US$ 30,700 Mn by 2026 end. On the other hand, fuel injection pumps are emerging rapidly with the steadily rising demand for diesel-powered cars and commercial vehicles. Higher fuel efficiency is the prime fillip driving the sales of diesel-powered automobiles, thereby propelling the demand for fuel injection automotive pumps in the automotive pumps market.
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Growing Vehicle Electrification to Challenge Progress of the Automotive Pumps beyond Forecast
The automotive industry is rapidly witnessing transformations owing to stringent emission standards, demand for fuel-efficiency, and preference for sustainable automotive technologies. As electric vehicles run by electric power and are independent of internal combustion engines, demand for fuel automotive pumps is likely to witness challenges of adoption in future. Further, automotive pumps are likely to face issues of incompatibility with the advanced technologies of electric vehicles. As vehicle electrification is encouraged against the backdrop of growing environmental concerns, rising fuel prices, and increasing costs of the internal combustion engine and their maintenance, the automotive pumps market is expected to face limited adoption by automakers during the forecast and beyond.
Competitive Landscape
Prominent insights regarding the business strategies undertaken by key market players in the automotive pumps market are elaborately discussed in this section. The automotive pumps market is marked by significant investments in R&D and introduction of novel products. In addition, the shift in manufacturing attitude following the stringent emission standards and vehicle electrification is trending among key companies.
The report has identified leading market players in the automotive pumps market including Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A, Mikuni Corporation, Magna International, TRW Automotive, SHW AG, Continental AG, Davies Craig, and Mahle Group. among others.
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