Global Automotive Pumps Market Will Achieve CAGR of 3.8% During 2015-2025
Global automotive pump installation will reach 694,207 thousand units in 2016, witnessing a y-o-y increase of 1.98% over 2015, generating over US$ 45 billion in revenues. Market leaders Robert Bosch GmbH, Aisin Seiki Co., Ltd, and Magna International will continue to consolidate their position, collectively accounting for over 17% revenue share in 2016. The average price of automotive pumps will increase in 2016, owing to rising raw material costs.
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