The Global Automotive Pumps Industry Is Likely To Climb US$ 98 Bn By 2031

PRESS RELEASE
Published February 2, 2023

In 2020, the market for automotive pumps was valued at about US$ 54 billion. The market expansion for automotive pumps is being driven by rising demand for automobiles subject to strict requirements for the reduction of carbon emissions. Furthermore, a CAGR of approximately 6% is predicted for the automotive pumps market, which will surpass US$ 98 billion.

According to Fact.MR, a supplier of market research and competitive intelligence, the global market for automotive pumps grew significantly between 2016 and 2020 at a rate of almost 4% CAGR, achieving a market value of US$ 54 Bn by that year.

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Automotive pump manufacturers are concentrating on employing cutting-edge automation technologies. Additionally, the rising demand from end users will fuel the growth of the automotive pump industry.

As a result, it is anticipated that the automotive pumps industry will surpass US$ 98 Bn during the assessment year and surpass a CAGR of 6% during the projected period of 2021–2031.

The market for automotive pumps is anticipated to increase rapidly as a result of rising vehicle usage throughout the world along with the adoption of cutting-edge technologies to create fuel-efficient automobiles that comply with VOC (volatile organic compound) emission laws.

The Automotive Pumps Market report profiles the successive companies, which includes: – 

  • Aisin Seiki Co. Ltd.
  • Delphi Automotive
  • Denso Corporation
  • TRW Automotive
  • Mikuni Corporation
  • Continental AG
  • Johnson Electric
  • Mahle Group
  • Magna International
  • KSPG AG-A
  • Robert Bosch Gmbh
  • SHW AG
  • Davies Craig

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Key Segments Covered

  • Pump Type
    • Automotive Fuel Injection Pumps
    • Automotive Fuel Supply Pumps
    • Automotive Engine Oil Pumps
    • Automotive Transmission Oil Pumps
    • Automotive Coolant Pumps
    • Automotive Steering Pumps
    • Automotive Vacuum Pumps
    • Automotive Windshield Washer Pumps
  • Technology Type
    • Electric Automotive Pumps
    • Mechanical Automotive Pumps
  • Vehicle Type
    • Automotive Pumps for Passenger Card
    • Automotive Pumps for HCV
    • Automotive Pumps for LCV
  • Sales Channel
    • Automotive Pumps Sales via OEM
    • Automotive Pumps Sales via Aftermarket

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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
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