World Automotive Washer Pumps Market to Grow at 1.90% CAGR to 2021

ReportsnReports.com adds Global Automotive Washer Pumps Market 2017-2021 latest research report; the analysts forecast global automotive washer pumps market to grow at a CAGR of 1.90% during the period 2017-2021.

The global automotive washer pumps market analyst says automakers are working on designing new intuitive windshield washing technologies. They are focussing on improving automotive wiper systems to provide a clear visibility of the road ahead, even when the wipers are working. A few of the world’s leading automotive manufacturers are working on integrating wipe-and-wash technologies into one system.

Complete report on Automotive Washer Pumps market spread across 70 pages, analyzing 4 major companies and providing 14 data exhibits are now available at http://www.reportsnreports.com/reports/958285-global-automotive-washer-pumps-market-2017-2021.html.

According to the automotive washer pumps market report, the sales of automotive washer pumps are expected to be highly dependent on the demand for passenger vehicles. This demand, especially for passenger vehicles, is continuously increasing worldwide and is driving the adoption of wiper systems. The global four-wheeler production was 94.76 million units in 2016, and it is expected to reach 113.54 million units by 2021. As the wiper with washer system is an essential feature in vehicles, it is expected to grow with the rise in four-wheeler production. This increase in the growth of four-wheelers will positively influence the sales of washer pumps as they are a part of the active safety systems, which are mandatory in vehicles. This will likely drive the growth of the washer pumps market during the forecast period.

The following companies as the key players in the global automotive washer pumps market: DENSO, VDO, Mitsuba, and Johnson Electric. Other prominent vendors in the market are: Valeo, TRICO, Bosch, ACDelco, Hella, Almity, ACI Auto, and dlhBOWLES. Order a copy of Global Automotive Washer Pumps Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=958285 .

Global Automotive Washer Pumps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global automotive washer pumps market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive washer pumps.

Further, the automotive washer pumps market report states that in the automotive industry value chain, OEMs have been absorbing the liability for most of the warranty costs and price pressure from the demand side in the past. However, this situation has changed over the last 5-6 years, where OEMs have pushed liabilities on tier-1 suppliers that in return push to component manufacturers. This has led to cost optimization across the industry to maintain profitability. One such means is to outsource manufacturing activities to low-cost countries such as China, Taiwan, South Korea, and India. The concentration of automotive part manufacturers in these countries is high. This is because of the drastic shift of electronic manufacturing to these countries owing to the cost advantage. These countries have low-cost labor compared with western countries, established raw material supply chains, and the easy availability of raw materials. However, these countries are gradually losing their cost advantage because of the rising labor costs.

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The automotive washer pumps market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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