Automotive Pumps Market

Aisin Seiki Co. Ltd is the Global Leader in Automotive Pumps

The global automotive pumps market is projected to grow at a promising CAGR of 5.87% during the forecast period, to reach USD 57.50 Billion by 2021 from an estimated USD 43.23 Billion in 2016. The increased production of vehicles globally, stringent emission norms and adoption of new technologies like gasoline direct injection has led to the growth of the automotive pumps market.

Expansions make up the most dominant strategy adopted by market players to achieve growth in the automotive pumps market. SHW AG (Germany), Aisin Seiki Co. Ltd. (Japan), Delphi Automotive LLP (U.K.), and Robert Bosch GmbH (Germany) are the major companies that have adopted this strategy. New product development is the second most adopted strategy by companies to cater to the unmet needs of customers. Robert Bosch GmbH and TRW Automotive are the companies who have adopted this strategy.

Aisin Seiki Co. Ltd is the global leader in automotive pumps. The company’s product portfolio includes various automotive pumps including water pumps, electric pumps, and oil pumps. The company is trying to expand its business by constructing new manufacturing plants in regions like Brazil to support its “Aisin Group Vision 2020” in which it plans to achieve progress through innovation and building a global business structure. The company’s focus on bringing in technologically advanced products like 3 stage variable discharge oil pump into the market has helped them to maintain their position as market leader.

Another important player in the industry is Delphi Automotive LPP. The company is a major player in electrical and electronic automotive pumps systems. The company’s product portfolio includes innovative automotive products. Delphi Automotive has a presence in 32 countries, with 15 major technical centers and 126 manufacturing facilities. The company has adopted expansion and new product development as the main strategies in the automotive pumps market. The company expanded its presence in Mexico, with the acquisition of Lucas Diesel Systems. The company has been working on developing new technologies and announced 205 new fuel modules, three new electric fuel pumps, eight new universal fuel pumps, and 54 new hanger pump assemblies in September 2014.

Related Reports:

Automotive Pumps Market by Pump Type (Fuel, Oil, Water, Steering, Transmission, Wind Shield Washer, Vacuum Pump and Fuel Injection Pump), Vehicle Type (Passenger Car, LCV and HCV), Technology, Type of Displacement, and by Region - Global Forecast to 2021

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Report Code
AT 2971
Published ON
Aug, 2016
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