openPR Logo
Press release

Automotive Pumps Sales is Estimated To Grow At A CAGR OF 4.6% During The Forecast Period 2017-2026

03-30-2021 11:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Automotive Pumps Market

Automotive Pumps Market

According to Fact.MR’s new business intelligence report, the global automotive pumps market is anticipated to register a promising growth during the period 2017-2026, with market revenues likely to surpass US$ 54 billion by 2019-end. Growing consumer preference for green technology, along with the need to adhere to stringent carbon and VOC emission regulations, are encouraging automotive manufacturers to focus on enhancing energy performance of vehicles. With their crucial role in maintenance of energy efficiency, the automotive pumps are likely to gain center stage in the near future.

Integration of Smart Technologies in Automotive Pumps to Underpin Market Growth

Increasing demand for fuel-efficient and lightweight vehicles has been influencing leading automotive manufactures to implement innovative technologies in automobile components. Advances in technologies such as automatic transmission, gasoline direct injection, and gasoline turbocharger that enable efficient circulation of oil in all parts of an automobile are likely to create lucrative opportunities for manufacturers of automotive pumps.

To get in-depth information view the report @https://www.factmr.com/report/25/automotive-pump-market

Growing vehicle parc and the emergence of a large middle-class demographic with high disposable income are directly translating into the growth of automotive market in emerging economies and eventually complementing the expansion of automotive pumps market. In addition, high purchasing capabilities of consumers in these regions are prompting automakers to improve their production of mid-sized and compact cars. Moreover, introduction of premium aspects such as anti-lock brake system (ABS), power steering, easy gear shift, and cabin comfort system in these cars is likely to influence the need for custom-made automotive pumps which may open new avenues of market growth.

With escalating demand for high-performance vehicles on the account rising fuel prices, automotive manufactures are heavily investing in R&D to develop highly efficient transmission system and low-friction pumps which will possibly create potential growth prospects of automotive pumps market.

Electric Automotive Pumps Sales Continue to Surge

Electric automotive pumps are independent of combustion engines which help enhance fuel efficiency and significantly reduce the carbon emission of vehicles. This has led to adoption transition from mechanical automotive pumps to electric pumps. Expanding at an estimated CAGR of 5.5% over the forecast period, the sales of electric automotive pumps are projected to cross 590,000 units by 2026-end. Electric pumps are highly sought-after for their excellent performance standards and are predicted to contribute a slightly higher share than mechanical variants to the automotive pumps market by the end of the forecast period.

For more insights into the Market, Request a Sample of this Report @https://www.factmr.com/connectus/sample?flag=S&rep_id=25

Read Automotive Pumps market Report here.

APEJ Leads Gains in the Automotive Pumps Market, Emerging Economies to Present Lucrative Opportunities

Booming automotive manufacturing industry in Asia Pacific Excluding Japan (APEJ) is expected to directly impact the growth of automotive pumps market in the region. APEJ is projected to reign supreme in the automotive pumps market in 2017, accounting for the largest revenue share, and the trend is expected to continue over the forecast period.

Access Research Methodology Prepared By Experts @https://www.factmr.com/connectus/sample?flag=RM&rep_id=25

Ever-increasing population, mass urbanization, robust industrialization, and changing consumer behavior in emerging economies are the key factors driving APEJ automotive pumps market. APEJ is deemed to be the most attractive market of automotive pumps, expanding at a promising CAGR of 5.5% during the 2017-2026 period.

Penetration of Electric Vehicles to Dampen the Sales of Automotive Pumps

With growing concerns regarding carbon emissions and over exploitation of fuel reserves, regulatory bodies and government organizations are making efforts to cut down air pollution caused by automobiles and encourage the adoption of electric vehicles (EVs). In recent years, there has been an increase in the demand for EVs which do not require internal combustion engines. This in turn is likely to create a hindrance in the growth of automotive pumps market.

To get in-depth insights on the regional landscape of the market, ask an analyst here @https://www.factmr.com/connectus/sample?flag=AE&rep_id=25

The Fact.MR report tracks the automotive pumps market for the period 2017-2026. According to the report, the automotive pumps market is projected to grow at a 5.3% volume CAGR through 2026.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Pumps Sales is Estimated To Grow At A CAGR OF 4.6% During The Forecast Period 2017-2026 here

News-ID: 2263833 • Views:

More Releases from Fact.MR

Well Intervention Market is Predicted to Reach US$ 17.1 Billion by 2035, Expanding at a CAGR of 7% | Fact.MR
Well Intervention Market is Predicted to Reach US$ 17.1 Billion by 2035, Expandi …
The global well intervention market is projected to increase from USD 8.7 billion in 2025 to USD 17.1 billion by 2035, with a compound annual growth rate (CAGR) of 7.0% during the forecast period. Growth is driven by the growing need for energy, along with aging oil and gas wells. Offshore rig operators are stepping up their game by investing in both light and heavy intervention services to enhance efficiency
Assembly Robot Market Size Worth US$ 54,915.6 Million by 2035 at a CAGR Of 11.6% | Fact.MR
Assembly Robot Market Size Worth US$ 54,915.6 Million by 2035 at a CAGR Of 11.6% …
The global assembly robot market is projected to rise from USD 18,325.4 million in 2025 to USD 54,915.6 million by 2035, reflecting a robust compound annual growth rate (CAGR) of 11.6% during the forecast period. This growth is fueled by advancements in artificial intelligence, machine learning, and 5G technology, which enhance robots' precision, efficiency, and safety, particularly in collaborative operations alongside human workers. These innovations allow assembly robots to execute complex
Zonal Isolation Packers Market is Predicted to Reach US$ 4.6 Billion by 2035, Expanding at a CAGR of 5.1% | Fact.MR
Zonal Isolation Packers Market is Predicted to Reach US$ 4.6 Billion by 2035, Ex …
The global zonal isolation packers market is projected to increase from USD 2.8 billion by 2025 to USD 4.6 billion by 2035, with a CAGR of 5.1% during the forecast period. Growth is driven by rising focus on well integrity during drilling and production, which has accelerated the use of mechanical and swellable packers. Operators are adopting zonal isolation systems to prevent cross-zone fluid migration and ensure long-term performance. The rise
Lithium-Ion Battery Pack Market Size Expected to Reach US$ 92.8 Billion by 2035: Fact.MR Report
Lithium-Ion Battery Pack Market Size Expected to Reach US$ 92.8 Billion by 2035: …
The global lithium-ion (Li-ion) battery pack market is poised for significant growth, with projections indicating an increase from USD 66.4 billion in 2025 to USD 92.8 billion by 2035, reflecting a compound annual growth rate (CAGR) of 3.4% during the forecast period. This expansion is largely driven by the rising adoption of electric vehicles (EVs), advances in renewable energy storage solutions, and ongoing innovations in battery technology. For More Insights into the

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of