Automotive Pumps Market Report – Key Players, Size, EV, Displacement, Type, Technology and Forecast

Several countries have implemented stringent emission norms for passenger cars and commercial vehicles to curb rising pollution. These factors are anticipated to push the growth of the market. However, the growth of battery-operated vehicles is considered a major restraint for the growth of the automotive pump market. Though the outbreak of the pandemic COVID-19 all over the world disturbed the economic and financial structures of the whole world.

Get Sample Of the Report https://www.businessworldeco.com/request-sample/73/

The auto industry noticed a fall due to the production halt of vehicles parts and assembly which has collapsed the economies of the US, China, UK, Germany, France, Italy, Japan, and many other countries. However, In H1 2021, automakers around the world have increased their level of production due to a rise in sales. Therefore, the global automotive pump market is estimated to grow from USD 14.2 billion in 2021 to USD 17.5 billion by 2026, at a CAGR of 4.2%. Major vehicle manufacturers across the globe are focusing on introducing fuel-efficient vehicles to cater to the increased demand from consumers.

The demand for the hybrid vehicle market is rising due to stringent emission regulation standards and the growing demand for low or zero-emission vehicles. However, HEVs comprise an internal combustion engine as well as a battery. Thus, the architecture of an HEV is most suitable for installing pumps for regulating the flow of the fluid. Furthermore, governments of various countries provide purchase grants and tax rebates for hybrid vehicles

For example, in June-2021, The Indian government announced the decision to extend the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric vehicle (FAME) scheme by two years to March 31, 2024. The scheme, started in 2019 for promoting sales of hybrid and electric vehicles, was supposed to end by 2022. This the government across the globe is planning to launch schemes for promoting electric vehicles, the market for electric vehicles would rise and proportionally with the sales of new electric vehicles, the market for automotive pumps would rise.

The passenger car segment is anticipated to hold the largest share in the automotive pump market. The market for automotive pumps in passenger cars is expected to grow at a significant rate, particularly in the emerging economies of Asia Pacific. Furthermore, the increasing demand for electric cars by consumers and several amendments in transport policies made by various governments to curb harmful emissions are expected to drive the growth of the passenger car segment. The increase in disposable income of consumers has pushed the demand for passenger cars, which, in turn, has driven the growth of the automotive pump market.

Buy Complete Report at https://www.businessworldeco.com/buy-now/73/

Table Of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
Figure 12 Automotive Pumps Market: Market Overview
Figure 13 Automotive Pumps Market, By Region, 2021–2026 (Usd Million)
Figure 14 Market For Engine And Hvac Segment To Grow At Highest Cagr During Forecast Period (2021–2026)
4 Premium Insights
5 Market Overview
6 Who-Supplies-Whom Data
7 Automotive Pumps Market, By Type
8 Automotive Pumps Market, By Vehicle Type
9 Automotive Pumps Market, By Technology
10 Automotive Pumps Market, By Displacement
11 Automotive Pumps Market, By Application
12 Automotive Pumps Market, By Ev Type
13 Automotive Pumps Market, By Off-Highway Vehicle Type
14 Automotive Pumps Market, By Sales Channel
15 Automotive Pumps Market, By Region
16 Competitive Landscape
17 Company Profiles

Magarpatta City, Hadapsar, Pune, India - 411013

The market comprises major manufacturers such as Aisin Corporation (Japan), Denso (Japan), Robert Bosch GmbH (Germany), Valeo (France), Continental AG (Germany) among others. The study includes an in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.

This release was published on openPR.