Automotive Pumps Market

Automotive Pumps Market worth 57.50 Billion USD by 2021

The report "Automotive Pumps Market by Pump Type (Fuel, Oil, Water, Transmission, Steering, Windshield washer, Vaccum Pump and Fuel Injection Pump), Vehicle Type (Passenger car, LCV and HCV), Technology, Type of Displacement and Region - Global Forecast to 2021", The global automotive pumps market is projected to grow at a CAGR of 5.87 % from 2016 to 2021, to reach a market size of USD 57.50 Billion by 2021. The major factors behind the growth of the global automotive pumps market are growing demand for fuel efficient vehicles and increasing adoption of advanced automotive technologies such as gasoline direct injection which use automotive pumps.

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Browse 84 market data Tables and 51 Figures spread through 149 Pages and in-depth TOC on "Automotive Pumps Market by Pump Type (Fuel, Oil, Water, Transmission, Steering, Windshield washer, Vaccum Pump and Fuel Injection Pump), Vehicle Type (Passenger car, LCV and HCV), Technology, Type of Displacement and Region - Global Forecast to 2021"
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Fuel injection pumps segment is leading the automotive pumps market-favoring government regulations Stringent Environmental norms to spur the fuel injection pumps market

The fuel injection pumps market dominates the automotive pump market, the major reason being the increased demand for fuel efficient vehicles and adoption of advanced automotive technologies such as gasoline direct injection. With new regulations curbing the amount of pollutants emitted from the vehicles, the demand for the efficient fuel injection systems with efficient fuel pumps has increased. Followed by the fuel injection oumos segment is transmission pumps segment in global market share. The major factors contributing to this growth are the increasing  vehicle production in countries like India, Brazil and China, and increased installation of the automatic transmission systems in vehicles due to increasing demand for comfort by customers.

Variable displacement pumps are the fastest growing segment in the automotive pumps market

Fuel efficient vehicles are the need of the hour in most parts of the world. Most of the vehicles used currently have fixed displacement pumps which provide a fixed flow of oil.. Variable displacement pumps are now being used in automobiles to increase the fuel efficiency of vehicles by provising variable flow of oil. Variable displacement pumps increase the fuel efficiency of the vehicle, reduce the parasitic load on the engine crankshaft thus increasing engine life and reducing emissions. All of these reasons have added up to the increased use of variable displacement pumps in automobiles leading to an increase in the market share of variable displacement pumps over fixed displacement pumps.

Growing economies like China and India to be largest markets

By 2021, the Asia-Pacific is estimated to be the largest automotive pump market attributed to growing economies such as China and India. OEMs have planned to increase their production capacity in terms of volume and are also setting up new facilities with innovative technological advancement in these regions. Rise in vehicle production in Asia-Pacific  have propelled the growth of automotive industry in this region and thus leading to increase in automotive pumps market.

The major players such as Aisin Seiki Co. LTD (Japan), Delphi Automotive LPP (U.S.), Denso Corporation (Japan), Johnson Electric (Hong Kong), Robert Bosch GmbH (Germany) and Magna International (Canada) are global automotive parts suppliers considered in this report.

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Report Code
AT 2971
Published ON
Aug, 2016
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