Growth of Automotive Pump Market Projected to Amplify During 2016 - 2024
The key driving factors ascertained for the global automotive pumps market are rising vehicle production, increasing execution of environmental regulations, growing vehicle electrification, and manufacturers increasing integration of advanced automation techniques such as automatic transmission and gasoline turbocharged direct injection into vehicles to restrict automobile emissions worldwide. These technologies need dedicated automotive pumps for ensuring effective operation. Changing lifestyles and rising urbanization have been enhancing development of the automobile industry, thus further driving the automotive pumps market. Besides, modern vehicles are furnished with smart technology and features complying with the newest emission, quality, safety and performance standards. On the contrary, end-use industries have become worth sensitive and tend to be inclined towards vehicles with superior luxury features at reasonable cost. Alongside this, growing demand for environment friendly services has ensured that manufacturers devise efficient automotive pumps.
A sample of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15038
One of the major factors restraining the growth of the global automotive pumps market is the low replacement rates. With technological advancement, these rates are forecast to be further slashed. This offers low potential for aftermarket of automotive pumps manufacturers globally. Additionally, adoption of electrical power steering has increased in the recent past resulting in less share for automotive pumps aided steering systems. Such a replacement by electrical motors has been negatively impacting the steering pumps market. Despite this, the advanced automation technologies are predicted to gain in traction in the near future. Moreover, increasing concentration on performance by engines and rising customer demand for fuel-effective automobiles have been encouraging producers to implement the fuel injection structures, in turn creating vast potential for the pumps market.
The global automotive pumps market is segmented according to sales channel, product type, technology, and vehicle type. On the basis of sales channel, the market is segmented into OEM and aftermarket. On the basis of pump type, the market can be segmented into fuel supply pump, transmission oil pump, fuel injection pump, engine oil pump, coolant pump, steering pump, vacuum pump and windshield washer pump. The segments based on technology type are mechanical and electric. The categories on the basis of vehicle type are passenger cars, heavy commercial vehicles and light commercial vehicles. Due to rising income levels of the developed countries, passenger car automotive pumps is the fastest growing in the segment based on vehicle type.
On the basis of geography, the global automotive pumps can be divided into North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, the Middle East and Africa (MEA), and Japan. APEJ and Western Europe together generally account for the majority of the market on the basis of value. Due to rising automobile parc and growing vehicle production in APEJ, this region is forecast to remain the foremost in the global market for automotive pumps in the future, followed by North America. Strict emission regulations, combined with rising demand for fuel-efficient automobiles and growing focus on OEMS expanding the market in this part of the world contribute towards the market growth in this part of the world. The most striking market on the basis of value is the MEA region, followed by Japan and APEJ regions. In terms of market share, North America is predicted to be the largest followed by Western Europe.
To view TOC of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=15038
The key players in the global automotive pump markets are Delphi Automotive, Aisin Seiki, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive and SHW AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
90 State Street,
Albany NY - 12207
This release was published on openPR.
Permanent link to this press release:
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 Growth of Automotive Pump Market Projected to Amplify During 2016 - 2024 here
News-ID: 860507 • Views: 103
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Automotive
Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,