NEW YORK, Jan. 12, 2015 /PRNewswire/ -- Automotive pumps are used in different systems of a vehicle including fuel system, lubrication system, coolant system, steering system, and transmission system.
Automotive pumps can be classified as fuel pump, oil pump, water pump, steering pump, transmission pump, and windshield washer pump. With the continuous ongoing development, automobile manufacturers are focusing much on the development of efficient automotive pumps. Over a period of time, the automotive pumps have evolved from mechanical functioning to being controlled by electrical signals. The automotive pumps market has shown immense growth in developing countries such as India, China, and the Middle Eastern countries.
Stringent fuel efficiency norms with the growing production volume of vehicles are key factors driving the global automotive pumps market. Given the technological advancement and the need to meet the fuel efficiency level, mechanical pumps are replacing with electric pumps. However, installation of electric pump increases the overall cost of a vehicle, which continue to act as constraint for the market. Countries such as China, U.S., India, Russia, and Brazil continue to represent the largest automotive pumps markets.
This report classifies and defines the automotive pumps market, in terms of volume and value. It provides a comprehensive analysis and insights on the automotive pumps market (both-qualitative and quantitative). It highlights potential growth opportunities in the coming years, as well as it reviews the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to automotive pumps.
This report shows the Automotive Pumps Market, By Product (Fuel, Oil, Water, Windshield Washer, Transmission, & Steering Pumps), By Vehicle Type (PC, LCV, HCV, & Two-Wheelers), By Technology (Electric, Mechanical, & Hydraulic), By Geography-Global Trends and Forecast to 2019. Key players in the automotive pumps market have also been identified and profiled in this study.
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