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Automotive Pumps Market will Develop at a CAGR of 3.8% by 2025

11-02-2017 07:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Automotive Pumps Market will Develop at a CAGR of 3.8% by 2025

Global automotive pump installation will reach 694,207 thousand units in 2016, witnessing a y-o-y increase of 1.98% over 2015, generating over US$ 45 billion in revenues. Market leaders Robert Bosch GmbH, Aisin Seiki Co., Ltd, and Magna International will continue to consolidate their position, collectively accounting for over 17% revenue share in 2016. The average price of automotive pumps will increase in 2016, owing to rising raw material costs.

Click to View Complete Report @ https://www.futuremarketinsights.com/reports/automotive-pumps-market

Fuel supply pumps will continue to hold leading revenue- and volume- share in 2016 among all the automotive pumps. FMI estimates fuel supply pump installations to reach 115,873 thousand units in 2016, an increase of 2.3% over 2015. The revenue share of fuel supply pumps increase from 43.4% in 2015 to 43.6% in 2016. Vacuum pumps will witness a 5.2% value increase in 2016 over 2015.

While steady automotive sales in Asia Pacific and increasing emphasis on curbing vehicular emissions will continue to boost demand in 2016, rising adoption of electric motors and long replacement cycles can pose challenges to growth

Asia Pacific excluding Japan (APEJ) will extend its lead as the largest market for automotive pumps in 2016. On back of rising adoption of advanced technologies, including DCT, CVT, and GDI, automotive pump installations in the region will reach 252,301 thousand units in 2016. APEJ’s revenue share is set to reach 33.4% in 2016, an increase of 0.5% from 2015.

Considering the fragmented nature of the automotive pumps market, key players are focusing on business expansion in emerging markets through mergers and acquisitions. Establishment of new manufacturing facilities and reinforcement of existing ones is a key go-to business strategy for leading players in the market.

Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/automotive-pumps-market/toc

ABOUT US

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Future Market Insights

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Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Website: www.futuremarketinsights.com

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