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Automotive Pumps Market, by Pump Type (Fuel Supply Pump, Fuel Injection Pump, Transmission Oil Pump, Engine Oil Pump, Steering Pump, Coolant Pump, Windshield Washer Pump and Vacuum Pump), by Sales Channel (OEM and Aftermarket), by Technology (Electric and Mechanical), by Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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AUTOMOTIVE PUMPS MARKET ANALYSIS Automotive Pumps Market, by Pump Type (Fuel Supply Pump, Fuel Injection Pump, Transmission Oil Pump, Engine Oil Pump, Steering Pump, Coolant Pump, Windshield Washer Pump and Vacuum Pump), by Sales Channel (OEM and Aftermarket), by Technology (Electric and Mechanical), by Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Overview The global Automotive Pumps Market was accounted for US$ 51,885.07 Mn in terms of value and 738,923 units in terms of volume in 2019 and is expected to grow at CAGR of 3.8% for the period 2019-2027. Market Dynamics Drivers • Wider scope of use for pumps with development in technology is expected to drive growth of the global automotive pumps market during the forecast period • Growing automotive production worldwide is expected to propel the global automotive pumps market growth over the forecast period
Market Dynamics Restraints • Low replacement rate and aftermarket potential are expected to hinder the global automotive pumps market growth during the forecast period • Availability of better substitutes in terms of electric motors for pumps are expected to hamper the global automotive pumps market growth over the forecast period
Market Opportunities • Providing custom-made pumps can present lucrative growth opportunities • Enhancing product line to offer a complete solution can provide major business opportunities
Market Trends • Growing product launches, in order, expand the product portfolio • Introduction of high quality automotive pumps to enhance vehicle efficiency • Segment information: • In global Automotive Pumps Market, by technology, Electric sub-segment dominated the global market in 2019, accounting for 76.2% share in terms of value, followed by Mechanical.
Competitive Section • Key players operating in the global automotive pumps market are JTEKT Corporation, ZF TRW Automotive Holdings Corp., Aisin Seiki Co. Ltd., WABCO Holdings, Inc., Concentric AB, TI Automotive Ltd., Continental AG, SHW AG, Delphi Automotive LLP, Pricol Ltd., DENSO Corporation, Robert Bosch GmbH, HELLA KGaAHueck & Co., MagnetiMarelli S.p.A, Hitachi Automotive Systems, Ltd., Magna International Inc., Johnson Electric Holdings Limited, and KSPG AG.
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