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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