Press release
The Automotive Pumps Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
Summary:According to the new market research report “Automotive Pumps Market” is published by Whipsmartmi.com
Keywords:
automotive pumps market, automotive pumps industry, electric pumps market, hydraulic steering system market, Steering pumps market, electro-hydraulic power steering systems market, steering systems technology market, Electric Power Steering (EPS) system market,
The Global Automotive Pumps Market is projected to grow at a CAGR 5.49% rate from 2021 to 2026. Automotive pumps perform different functions including raising, compressing, or transferring fluids by mechanical action and facilitate circulation of fluids around a system for a vehicle's operational performance. Mechanical pump is expected to be the largest segment. The mechanical pump is anticipated to be the largest market during the forecast period.
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Asia Pacific is expected to account for the largest market size. Asia Pacific region comprises of some of the fastest developing economies of the world like china & India which makes this region largest market by 2026. Asia Pacific is the largest market of automotive and also the increasing sales of commercial vehicles and passenger cars. Concerns over ecological imbalance caused by vehicle emissions have increased in the past decade in countries such as India, China, Malaysia, and Thailand. These concerns have forced major vehicle manufacturers to shift focus toward low fuel consuming vehicles.
Key Market Players includes Aisin Seiki (Japan), Delphi (UK), Denso (Japan), Johnson Electric (Hong Kong), Bosch (Germany), KSPG (Germany), Magna (Canada), SHW (Germany), and ZF (Germany).
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WhipSmart Market Intelligence
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About Whipsmartmi:
Whipsmart MI provides fact-based consulting services to B2B and B2C market to help our clients to achieve incremental and transformational growth competing in their niche market. We facilitate their growth journey through an environment that is dominated by accelerating change, constant evolution of new business models, disruptive trends and technologies in their respective industry.
The Whipsmart Market bytes platform is created specifically for B2B and B2C players with consideration of the market knowledge and interest. With over 4,000 titles to choose from diverse industries, the coverage is comprehensive and the data is updated every quarter. Whipsmart uses comples AI based algorithms to gather economic intelligence from different agencies across the globe, combines them with primary information sources and builds projections that are accurate and dependable. With multiple download options and the flexibility to source almost any kind of intelligence on demand as per market interest.
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