Automotive Pumps Market Report By Industry Trends And Leading Key Players Forecast To 2026


Posted March 15, 2021 by sheltonvern

Whipsmartmi.com has announced statistical data to its extensive repository titled “Automotive Pumps Market” in the Automotive and Transportation industry.

 
The Global Automotive Pumps Market is projected to grow at a CAGR 5.49% rate from 2021 to 2026. Automotive pumps perform different functions including raising, compressing, or transferring fluids by mechanical action and facilitate circulation of fluids around a system for a vehicle's operational performance. Mechanical pump is expected to be the largest segment. The mechanical pump is anticipated to be the largest market during the forecast period.

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Asia Pacific is expected to account for the largest market size. Asia Pacific region comprises of some of the fastest developing economies of the world like china & India which makes this region largest market by 2026. Asia Pacific is the largest market of automotive and also the increasing sales of commercial vehicles and passenger cars. Concerns over ecological imbalance caused by vehicle emissions have increased in the past decade in countries such as India, China, Malaysia, and Thailand. These concerns have forced major vehicle manufacturers to shift focus toward low fuel consuming vehicles.

The prominent players in the Global Automotive Pumps Market are Aisin Seiki (Japan), Delphi (UK), Denso (Japan), Johnson Electric (Hong Kong), Bosch (Germany), KSPG (Germany), Magna (Canada), SHW (Germany), and ZF (Germany).

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Issued By Vernon Shelton
Phone 5102005090
Business Address 7264 Magistrate Terrace, Mississauga, Ontario L5W 1H8 Canada
Country Canada
Categories Industry , Marketing , Research
Tags automotive pumps industry , automotive pumps market , electric power steering eps system market , electric pumps market , electrohydraulic power steering systems market , hydraulic steering system market , steering pumps market , steering systems technology market
Last Updated March 15, 2021