Global Automotive Pumps Market Share, Size, Estimates, Trends and Forecast 2023

According to Stratistics MRC, the Global Automotive Pumps Market is accounted for $44.20 billion in 2016 and is expected to reach $70.72 billion by 2023 growing at a CAGR of 6.9% during the forecast period”.

Increasing demand for fuel efficient vehicles, rising vehicle production and implementation of environmental regulations are some of the key factors driving the market growth. However, factors such as increasing acceptance of electric power steering and high cost of electric pumps are hindering the market.

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Automotive pumps are used for transferring automotive fluids in vehicles. They are used in different systems of a vehicle including fuel system, lubrication system, coolant system, steering system and transmission system. It is segregated as oil pump, fuel pump, steering pump, water pump, transmission pump, and windshield washer pump. Over the last decade, manufacturers have integrated a variety of technologies. These, in turn, require dedicated automotive pump to ensure efficient operation.

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Based on vehicle type, passenger car segment is expected to have significant growth during the forecast period which can be attributed to the high demand for passenger cars and increase in the income levels in the developing countries. Asia Pacific captured the largest market share of the Automotive Pumps market due to the increasing vehicle production, rising demand for fuel efficient vehicles and stringent emission norms by the government.

Some of the key players in the Automotive Pumps market include TRW Automotive, SHW AG, Magna International Inc., Mikuni Corporation, KSPG AG – A Rheinmetall Company, Johnson Electric, Robert Bosch GmbH (Bosch), Denso Corporation, Delphi Automotive LLP, Aisin Seiki Co., Ltd., Concentric AB, Continental AG, HELLA KGaA Hueck & Co., Hitachi Automotive Systems, Ltd. and JTEKT Corporation.

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Displacement Types Covered:
• Fixed
• Variable

Technologies Covered:
• Mechanical Pumps
• Electric Pump

Vehicle Types Covered:
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Car

Products Covered:
• Vacuum Pump
• Fuel Injection Pump
• Transmission Pump
• Steering Pump
• Water Pump
• Oil Pump
• Windshield Washer Pump
• Fuel Pump

Sales Channels Covered:
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Contact Info:
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Organization: Stratistics Market Research Consulting Pvt Ltd

Release ID: 290321