A pump is a device that helps in moving a matter (liquid or gas) using mechanical action. There are two types of pumps in the market: Reciprocating pumps (with linear motion) and rotary pumps (with rotating motion). Automotive pumps are crucial in vehicles and help in supplying the required amount of fluid or air for the smooth functioning of all systems. Currently, there is no replacement for these pumps. Furthermore, the shifting of the automotive sector from mechanical systems to electrical systems, increasing focus toward developing highly fuel-efficient vehicles, and stringent emission norms would drive the market growth during the forecast period.
Technavio’s analysts forecast the global automotive pump market to grow at a CAGR of 4.09% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global automotive pump market for 2017-2021. To calculate the market size, the report considers the volumes only.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Automotive Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Continental • DENSO • Johnson Electric • Robert Bosch
Other prominent vendors • Magna International • Delphi Technologies • Rheinmetall Automotive • Valeo • TRICO • Hitachi
Market driver • Rigorous emission norms for all vehicles • For a full, detailed list, view our report
Market challenge • Upgradation leading to the increase in overall costs • For a full, detailed list, view our report
Market trend • Transformation from 12V to 48V supply • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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