The global Automotive Pumps Market is expected to grow at 4.2% CAGR from 2022 to 2029. It is expected to reach above USD 19.74 billion by 2029 from USD 13.75 billion in 2020.
Exactitude Consultancy, offers 2022 Report for Automotive Pumps Market. Automotive pumps are used in automobiles to circulate fluids under pressure. When a vehicle pump fails, it affects the performance of several systems such as steering, coolant, transmission, fuel delivery and lubrication. Additionally, a vehicle pump was employed to improve vehicle efficiency and performance. Additionally, vehicle pumps are important for reducing vehicle emissions. Car pumps reduce wear on parts by moving fluids around the vehicle. It also helps cool the engine and extends the life of your vehicle. The industry is expected to grow due to technological developments and increasing demand for passenger cars.
Engine downsizing is becoming more popular which is a driver for the automotive pumps market.
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Recent Developments->
The Aisin Group’s Aisin Tohoku Co. stated in December 2020 that it will expand its facility to begin producing small and medium-sized motor goods, mostly electric water pumps, by 2022. The electric water pump will be manufactured in the facility for the first time.
Aisin Corporation said in April 2019 that it will make a fresh investment to strengthen its Automatic Transmission (AT) business in the United States and to expand its production facility. Aisin AW will contribute to the development of the car industry in the United States in the future by improving its capacity to manufacture ATs for SUVs. This move by the corporation might help it expand its automotive pump product portfolio.
Regional Share->
Asia Pacific accounts for 42% of the total market. Asia Pacific area is the largest market for vehicles, thanks to rising consumer spending power, which has fueled demand for automobiles in the region and is expected to be the fastest growing market in the world.
Some key Automotive Pumps Market players are Aisin Corporation, Denso, Robert Bosch GmbH, Valeo, Continental AG, Hitachi Automotive Systems, Ltd., Johnson Electric Holdings Limited, JTEKT Corporation, KSPG AG, Magna International Inc., Magneti Marelli S.p.A, Robert Bosch GmbH, and others.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Automotive Pumps Market Segmentation:
Automotive Pumps Market by Type, 2020-2029, (USD Million), (Thousand Units)
Fuel Pump
Fuel Injection Pump
Water Pump
Windshield Pump
Steering Pump
Transmission Oil Pump
Vacuum Pump
Headlight Washer Pump
Automotive Pumps Market by Technology, 2020-2029, (USD Million), (Thousand Units)
Electric
Mechanical
Automotive Pumps Market by Displacement, 2020-2029, (USD Million), (Thousand Units)
Variable Displacement
Fixed Displacement
Automotive Pumps Market by Electric Vehicle, 2020-2029, (USD Million), (Thousand Units)
BEV
FCEV
HEV
PHEV
Automotive Pumps Market by Application, 2020-2029, (USD Million), (Thousand Units)
Body & Interior
Engine & Hvac
Powertrain
Automotive Pumps Market by Vehicle Type, 2020-2029, (USD Million), (Thousand Units)
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
See more on the report at:
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The Report’s Table of Contents includes
1. Summary
- Characteristics of the Automotive Pumps Market
- Market trends and strategies for Automotive Pumps
- Impact of COVID-19 on car care products
Five. Market size and growth of Automotive Pumps
…… 27. Competitive Environment and Company Profiles in the Automotive Pumps Market
- Major mergers and acquisitions in the Automotive Pumps Market
- Future Outlook and Potential Analysis of Automotive Pumps Market
30 appendix
This report covers the trends and market dynamics of the Automotive Pumps Market in the key countries of Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and US. The report also includes consumer research and various future opportunities of the Market.
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