Automotive Pumps Market Report 2017: APEJ will remain the Largest Market for Automotive Pumps Over 2026
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Automotive pump is a crucial component found in all types of vehicles, but advances in automotive technology has continued to influence its design and application prospects. Fact.MR projects that the global automotive pumps market will surpass US$ 75,200 Mn by the year 2026. As global sales of vehicles continue to grow, it also ushers the demand for various automotive components and parts including automotive pumps. OICA (Organisation Internationale des Constructeurs d'Automobiles) statistics suggest that more than 94,976,500 vehicles were produced globally in 2016. In the same year, Selectusa a website managed by The International Trade Administration (ITA), U.S. Department of Commerce revealed that U.S. light vehicle production reached nearly 12 million passenger vehicles. A steady growth has been observed by the automotive sector in recent years, which has reflected favourably on several other sub-sectors associated with the industry.
Additional Highlight from the Report Include:
1. The automotive pump market in Asia Pacific excluding Japan (APEJ) is expected to remain highly lucrative throughout the projection period. The region’s market is expected to increase at a CAGR of 5.1% during the forecast period.
2. On the basis of pump type, the fuel supply segment is expected to remain highly profitable in the 2018 and beyond. Currently, the segment accounts for more than 43% revenue share of the global market and is estimated to reach a valuation in excess of US$ 30,700 Mn by 2026.
3. Based on technology type, the electric segment will retain its leading position over 2026. The segment currently commands for more than two-third revenue share of the market and is projected to exhibit a CAGR of 4.8% during the forecast period.
4. Based on vehicle type, the LCV segment is will continue to hold it dominant position over the next couple of years. The segment currently represents a market valuation of over US$ 7,800 Mn. Between 2017 and 2026, the segment is projected to increase at a CAGR of 5.6%.
5. On the basis of sales channel, the OEM segment is expected to surpass a market valuation of US$ 54,900 Mn by 2026, expanding at CAGR of 4% during the assessment period.
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Table of Content:
1. Global Economic Outlook
2. Global Automotive Pumps Market - Executive Summary
3. Global Automotive Pumps Market Overview
4. Global Automotive Pumps Market Analysis and Forecast 2012-2026
5. North America Automotive Pumps Market Size and Forecast, 2012-2026
6. Latin America Automotive Pumps Market Size and Forecast, 2012-2026
7. Europe Automotive Pumps Market Size and Forecast, 2012-2026
8. Japan Automotive Pumps Market Size and Forecast, 2012-2026
9. APEJ Automotive Pumps Market Size and Forecast, 2012-2026
10. MEA Automotive Pumps Market Size and Forecast, 2012-2026
11. Global Automotive Pumps Market Company Share, Competition Landscape and Company Profiles
12. Research Methodology
13. Secondary and Primary Sources
14. Assumptions and Acronyms
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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