Press release
Automotive Fuel Transfer Pumps Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast
The global automotive fuel transfer pumps market is witnessing increasing adoption of electric pumps, growing demand for smart automobiles and the replacement of gasoline port fuel injection by gasoline direct injection technology. This is expected to positively impact the market growth over the forecast period.
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The global automotive fuel transfer pumps market is exhibiting consistent growth in the adoption of electric pumps, on account of their better performance and increased efficiency as compared to mechanical pumps. Electric pumps offer various benefits such as enhanced pressure regulation, less prone to wear & tear and high durability. The adoption of electric pumps is comparatively high, resulting in increase in vehicle pricing. With the growing awareness about the benefits of electric pumps, the demand for automobiles equipped with electric pumps has been increasing; however, this attribute requires extra cost. Majority of the vehicles nowadays are equipped with electric pumps and this trend is likely to continue over the forecast period.
In 2015, Asia-Pacific accounted for the largest share in the global automotive fuel transfer pumps market; whereas the market in Middle East and Africa is expected to grow at the fastest rate, during the forecast period. The major reason for the fast growth of the market in the Middle East and Africa includes increasing investments in technology up gradation and burgeoning demand for passenger cars and light commercial vehicles in this region.
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Europe was the second automotive fuel transfer pumps largest market in 2015. The widespread presence of automotive manufacturing giants in Europe is expected to positively impact the market growth over the forecast period. Demand for fuel-efficient vehicles such as hybrid and electric passenger vehicles in countries such as Germany, France and Italy is projected to boost the market demand significantly in the near future. However, on account of economic instability, this region is expected to witness below average growth rate in the coming years.
MARKET SEGMENTATION
By Pump Type
Fuel Supply Pump
Fuel Injection Pump
Engine Oil Pump
Transmission Oil Pump
Vacuum Pump
Others
By Technology
Electrical
Mechanical
By Vehicle Type
Passenger Car
Commercial Vehicles
Heavy Vehicles
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Some of the major players operating in the global 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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