New York, According to a new market research report published by Global Insight Services “Automotive Pumps Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive pumps are devices that are used to move fluids or gas from one location to another. Pumps can be classified into three main types: positive displacement, centrifugal, and axial. Positive displacement pumps work by trapping a fixed amount of fluid and then moving it in a piston-like motion. Centrifugal pumps work by using a spinning impeller to draw fluid into the center of the pump and then flinging it outwards. Axial pumps work by using a rotating shaft to draw fluid in and then push it out in a linear fashion.
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Key Trends
Some of the key trends in automotive pumps technology include the development of more efficient and powerful pumps, the miniaturization of pumps
Efficiency is becoming increasingly important as automotive manufacturers look to reduce fuel consumption and emissions.
Power is also an important consideration, and automotive pumps are becoming more powerful to meet the demands of modern engines.
Key Drivers
The automotive pumps market is driven by the increasing demand for vehicles, the need for fuel efficiency, and the stringent emission norms.
The increasing demand for vehicles has led to an increase in the production of automobiles, which has, in turn, increased the demand for automotive pumps.
The need for fuel efficiency has led to the development of fuel-efficient engines, which require less fuel and, therefore, have a lower demand for automotive pumps.
The stringent emission norms have led to the development of electric vehicles, which do not require automotive pumps.
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Market Segments
The automotive pumps market is segmented by technology, application, type, and region. By technology, the market is divided into electrical, and mechanical. On the basis of application, it is bifurcated into body and interior, engine and HVAC, and powertrain. Based on type, the market is classified into fuel pump, fuel injection pump, water pump, windshield pump, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global automotive pumps market includes players such as Valeo, Continental AG, Denso, Aisin Corporation, GMB Corporation, Hitachi, Johnson Electric, Mikuni Corporation, Mitsubishi Electric Corporation, Carter Fuel Systems, and others.
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Reasons to buy Automotive Pumps Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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