The global automotive pumps market is projected to grow at a CAGR of 6.4% from 2014–2019 to reach a value $48.9 billion by 2019.
Dallas, TX -- (SBWIRE) -- 01/08/2015 -- The report "Automotive Pumps Market by Product Type (Fuel Pump, Oil Pump, Water Pump, Windshield Washer Pump, Transmission Pump, and Steering Pump), by Vehicle Type (PC, LCV, HCV, and Two-Wheelers), by Technology (Electric, Mechanical, and Hydraulic), by Region (North America, Europe, Asia-Pacific, and RoW) - Global Trends and Forecast to 2019", defines and segments the automotive pumps market with analysis and forecasts on the global volume and value.The global automotive pumps market is projected to grow at a CAGR of 6.4% from 2014-2019 to reach a value $48.9 billion by 2019.
Browse 73 market data tables and 51 figures spread through 200 pages and in-depth TOC on "Automotive Pumps Market - Global Trends and Forecast to 2019"
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Asia-Pacific: A potential market and growing at a noteworthy rate
The Asia-Pacific region includes countries such as China, India, Japan, and South Korea. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a faster pace. Growing demand of fuel efficient vehicle, with the increasing production volume of passenger cars is driving the market of automotive pumps. The automotive pumps market of the Asia-Pacific region is projected to grow at a CAGR of 6.7% from 2014 to 2019.
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Europe: Eastern Europe would be an upcoming potential market
Europe is a major hub of many renowned OEMs, known for delivering quality and high-performance vehicles. However, Eastern Europe is still follows the western European countries such as the U.K., Germany, France, and Italy. This gives an exposure to the OEMs to expand their footprint in Eastern Europe, which is expected to foster the demand for automotive pumps in Europe. The European automotive pumps market is projected to grow at a CAGR of 5.3% from 2014 to 2019.
North America: Mexico & Canada have emerged as growing automotive hubs
The North American region includes developed countries such as the U.S., Canada, and Mexico. However, the North American automotive pumps market is dominated by the U.S., which is known to be an automotive hub with renowned OEMs. Owing to the growing stringent emission standards and fuel efficiency norms, OEMs are more focused towards the development of efficient automotive pumps. Furthermore, many OEMs are planning to set up vehicle production plants in Mexico and Canada, which in turn drive the demand for automotive pumps. The North American automotive pumps market is projected to grow at a CAGR of 6.6% from 2014–2019.
The report covers the global automotive pumps market, in terms of volume (thousands) and value ($million), across regions such as Asia-Pacific, Europe, North America, and Rest of the World (RoW). It explains qualitative and quantitative aspects of automotive pumps. The report briefly explains the automotive pumps market on the basis of geography, application, and vehicle type from 2014–2019.
The report also shows an overview of the technical as well as other important aspects of the automotive pumps market. It includes analysis of value chain, Porter's Five Forces analysis, PEST analysis, competitive landscape, and company profiles. In addition to this, 10 key players of the automotive pumps industry have also been profiled.
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