According to a new market research report published by Global Insight Services “ Automotive Pumps Market is expected to reach US$ 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.
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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.
Top Key Players in Automotive Pumps market: Valeo, Continental AG, Denso, Aisin Corporation, GMB Corporation, Hitachi, Johnson Electric
Key Trends
Some of the key trends in automotive pumps technology include the development of more efficient and powerful pumps, the miniaturization of pumpsEfficiency 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.
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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.
Reasons to buy Automotive Pumps 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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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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