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(IT-NEWSWIRE.COM, February 04, 2018 ) Growing need for more efficient and low fuel consumption vehicles is expected to influence the global automotive pumps market during the review period. In addition, imposition of regulations regarding reducing the emission level will continue to drive innovation in automotive pump technology. This report, compiled by Fact.MR, provides in-depth analysis of the global automotive pumps market for the forecast period 2017-2026, and offers key insights about future market direction.
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The next section offers an overview of the global automotive pumps market. This comprises an introduction to the market, along with a standard definition of the product – automotive pumps. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global automotive pumps market, the report provides updates about market opportunities, which can benefit leading manufacturers of automotive pumps. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for automotive pumps manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
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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APEJ will remain the Largest Market for Automotive Pumps Over 2026
Asia Pacific excluding Japan (APEJ) is expected to dominate the global automotive pumps market in terms of revenue in 2017, and the trend is likely to continue in the year to follow. APEJ automotiv pumps market is set to surge at a CAGR of 5.1% during the forecast period. Economic boom and growth of the manufacturing industry have been the two major forces behind the growth of automotive sector in the region. As such that China now ranks among the largest automotive manufacturers in the world.
Fuel Supply Pumps to Represent a Leading Segment
Demand for fuel supply pump is expected to remain strong throughout the assessment period. In terms of revenue, global sales of fuel pumps currently account for more than 43% share of the market. By the end of 2026, over US$ 30,700 Mn worth fuel pumps are expected to be sold worldwide.
Electronic Automotive Pumps Will continue to Outsell Mechanical Pumps
Preference for electronic automotive pumps is expected to remain significantly higher as compared to mechanical pumps. Currently, global sales of electronic automotive pumps accounts for more than two-third share of the market. Increasing automation and popularity of electric powered automotive technology is supporting the adoption of electric automotive pumps.
Competition Tracking
Fact.MR in its report has profiled leading market players operating in the global automotive pumps market, which include Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A, Mikuni Corporation, Magna International, TRW Automotive, SHW AG, Continental AG, Davies Craig, and Mahle Group.
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About Fact.MR
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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sales@factmr.com
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