Fact.MR has recently published a report, titled [Global Automotive Pumps Market 2020 by Key Countries, Companies, Type and Application]. The research report provides an in-depth explanation of the various factors that are likely to drive the market. It discusses the future of the market by studying the historical details. Analysts have studied the ever-changing market dynamics to evaluate their impact on the overall market. In addition, the report also discusses the segments present in the market. Primary and secondary research methodologies have been used to provide the readers with an accurate and precise understanding of the overall The Automotive Pumps market. Analysts have also given readers an unbiased opinion about the direction companies will take during the forecast period.
The research report also includes the global market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.
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- In January 2019, HELLA KGaA Hueck & Co. and Plastic Omnium entered into a strategic cooperation to accelerate the holistic integration of lighting technologies into the vehicle exterior, for both front and rear parts. The new partnership is also aimed at providing the market with combined solutions and technologies.
- In December 2018, Aisin Seiki and DENSO Corporation announced an agreement to form a new company for development and selling driving modules used for electric vehicles. The new company will be established in April 2019 under the name BluE Nexus.
- In June 2017, Delphi Automotive Plc. entered into partnership with Transdev, a French-based international private public transport company, to develop a global, fully-automated, mobility-on-demand (AMoD) transport system. The new joint venture will further extend to development of Self-Driving Buses, beginning with two pilot projects in France.
Other leading players participating in the automotive pumps market include Denso Corporation, TRW Automotive, Mikuni Corporation, Continental AG, Johnson Electric, Mahle Group, Magna International, KSPG AG-A, Robert Bosch Gmbh, SHW AG, and Davies Craig.
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Electric Automotive Pumps with Two-third Market Share Continue to Outnumber Mechanical Pumps
Mechanical automotive pumps are rapidly dying out owing to their lower energy-efficiency and higher hydraulic losses. Development of electrical pumps has quickly replaced mechanical pumps by winning preferences of automakers worldwide. Electric automotive pumps are independent of combustion engine operations and can be controlled whenever required with higher precision. Owing to these characteristics, electric pumps deliver significantly lower fuel consumption and carbon emissions. With the higher performance standards, the electric automotive pumps are highly sought after and are expected to represent over two-third of the market share as compared to mechanical automotive pumps during the forecast period.
Demand for High-Performance Engines Encourages R&D Investments in the Automotive Pumps Technology
The development of the automotive industry is significantly influenced by evolving emission standards as well as rising sales of automobiles across world regions. Consumers are seeking high-performance vehicles that are light-weight and fuel efficient. The crucial role of automotive pumps in enhancing the engine efficiency has increased the investments in R&D to develop advanced automotive pumps. Manufacturers are focusing on introducing affordable and low-friction pumps that deliver higher efficiency suitable for high-performance engines. Further, to complement the technology of next-gen vehicles manufacturers are actively engaged in new product developments. Design developments with regard to lightweight, rapid response, and affordability are trending in the automotive pumps market.
Fuel Supply Pumps Preserve the Leading Stance, Fuel Injection Pumps to Expand Rapidly in the Automotive Pumps Market
As an essential component of the automobile engine system, fuel supply pump is highly sought after by automakers as compared to other types of fuel pumps. Among different types of automotive pumps, fuel supply pumps continue to maintain their market position with consistently evolving effective fuel supply technology. That said, the fuel supply segment is expected to continue its dominance with a significant market valuation exceeding sales over US$ 30,700 Mn by 2026 end. On the other hand, fuel injection pumps are emerging rapidly with the steadily rising demand for diesel-powered cars and commercial vehicles. Higher fuel efficiency is the prime fillip driving the sales of diesel-powered automobiles, thereby propelling the demand for fuel injection automotive pumps in the automotive pumps market.
Growing Vehicle Electrification to Challenge Progress of the Automotive Pumps beyond Forecast
The automotive industry is rapidly witnessing transformations owing to stringent emission standards, demand for fuel-efficiency, and preference for sustainable automotive technologies. As electric vehicles run by electric power and are independent of internal combustion engines, demand for fuel automotive pumps is likely to witness challenges of adoption in future. Further, automotive pumps are likely to face issues of incompatibility with the advanced technologies of electric vehicles. As vehicle electrification is encouraged against the backdrop of growing environmental concerns, rising fuel prices, and increasing costs of the internal combustion engine and their maintenance, the automotive pumps market is expected to face limited adoption by automakers during the forecast and beyond.
More such valuable insights influencing the automotive pumps market performance are elaborated in the report. Request free report sample now.
Automotive pumps are a crucial component all automobiles where they transfer automotive fluids in different vehicle components such as fuel system, lubrication system, steering system, coolant system and transmission system. Based on their function, automotive pumps are categorized as fuel pump, oil pump, steering pump, transmission pump, vacuum pump, windshield washer pump and others.
About the Report
The report published by Fact.MR titled “Automotive Pumps Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” delivers the most credible market performance. The thorough analysis of historical data, current market scenario and future projections included in the report provides vital insights pertaining to the futuristic growth trajectory of the automotive pumps market.
Additional Questions Answered
The automotive pumps market report provides additional insights into several other market avenues as follows –
- What will be the key business strategies undertaken by manufacturers to win over the competition in the automotive pumps market?
- How will the electrification of the automotive industry impact the automotive pumps market performance?
- What will be the regional outlook of the automotive pumps market?
The business intelligence report on global automotive pumps market is a result of an elaborate and exhaustive research methodology. The actionable insights into the automotive pumps market are obtained through a two-step research process involving primary and secondary researches. The secondary research was conducted by thoroughly studying paid resources, trade journals, and other publications related to automotive pumps market, while the primary research involved interviewing industry experts. Findings from these two research processes were triangulated to formulate the accurate and reliable forecast of the automotive pumps market.
Global Automotive Pumps Market: Drivers and Restraints
The report explains the drivers shaping the future of the Automotive Pumps market. It evaluates the various forces that are expected to create a positive influence on the overall market. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost. Furthermore, researchers have also included an analysis of the changing consumer behavior that is projected to impact the supply and demand cycles present in the global The Automotive Pumps market. Evolving per capita earnings, improving economic statuses, and emerging trends have all been studied in this research report.
The research report also explains the potential restraints present in the global The Automotive Pumps market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years.
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Global Automotive Pumps Market: Regional Segmentation
In the successive chapters, analysts have studied the regional segments present in the global The Automotive Pumps market. This gives the readers a narrowed-view of the global market enabling a closer look at the elements that could define its progress. It highlights myriad regional aspects such as the impact of culture, environment, and government policies that influence the regional markets.
Global Automotive Pumps Market: Competitive Landscape
The last chapter of the global The Automotive Pumps market research report focuses solely on the competitive landscape. It studies the key players present in the market. In addition to a brief overview of the company, analysts shed light on their valuation and evolution. It also mentions the list of important products and the ones in the pipeline. The competitive landscape is analyzed by understanding the strategies of the companies and the initiatives they have taken in recent years to overcome the intensive competition.
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What insights readers can gather from the Automotive Pumps market report?
- A critical study of the Automotive Pumps market on the basis of segment 1, segment 2 and segment 3.
- Learn the behavior pattern of every Automotive Pumps market player – product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Automotive Pumps landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
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