Global Automotive Pump Market is valued approximately USD 15.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2019-2026. Automotive pumps are mainly used for transferring automotive fluids in vehicles.
Booming automotive industry leads to increase in demand for automotive pumps market. Also, increase in vehicle production along with emission norms, as well as adoption of new technologies are some of the factors which drives the market.
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The Global Automotive Pump Market research report study offers an extensive analysis of key drivers, opportunities, key segments, regions, and major manufacturers. Additionally, the competitive scenario in different geographies is outlined to assist new entrants, leading market players, and investors to determine emerging economies. Insights presented in the report would benefit market players to develop strategies for the future and gain a strong position in the global market.
The detailed segments and sub-segment of the market are explained below:
- Fuel Pump, Water Pump
- Windshield Washer Pump
- Steering Pump
- Transmission Oil Pump
- Fuel Injection Pump
- Vacuum Pump
- Headlight Washer Pump
The regional analysis of Global Automotive Pump Market Covers:
- Asia Pacific
- North America
- Latin America
- Rest of the World
The Asia Pacific is the leading region across the world. China is the largest Automotive Pump market in Asia Pacific, followed by India. Factors such as rising in disposable income, adoption of advanced technology, fast transportation means etc would create lucrative growth prospects for the Automotive Pump Market across Asia Pacific region.
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Major market player included in this report are:
- Aisin Seiki
- Johnson Electric
- Robert bosch
- Magna International
- ZF Trq
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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