Automotive Pumps Market Research Reveals Robust Growth with Focus on Electrification and Asia-Pacific Region Expansion
Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Automotive Pumps Global Market Report 2024" report has been added to * ResearchAndMarkets.com's* offering.The global automotive pumps market has demonstrated a remarkable surge, which is meticulously analyzed in a comprehensive report recently added to our research offerings. This exhaustive market overview showcases the essential role of automotive pumps in modern vehicles and the emerging trends pointing towards a keen interest in vehicle electrification and sustainable technologies.
With an in-depth focus on various pump types, including fuel injection, transmission oil, and coolant pumps, the research underscores the diversity of applications and technologies shaping the industry's future. The expansion of the market is highlighted by the growth of electric and hybrid vehicles, emphasizing the increasing adoption of energy-efficient and high-performance pumps.
The report provides an extensive analysis of the dominant players steering the sector, like Aisin Seiki Co. Ltd., Denso Corporation, and Robert Bosch GmbH, which have been instrumental in driving technological advancements and expansion strategies. The geographical markets, especially in the Asia-Pacific region, witnessed a distinguished performance leading the industry's market shares.
*Market growth predictions:*
· The market size is poised to escalate from $21.25 billion in 2023 to an anticipated $28.23 billion by 2028.· A significant compound annual growth rate (CAGR) of 5.8% is expected, fueled by advancements in automotive pump technologies and an increased focus on emission reductions and electric vehicles.
*A selection of companies mentioned in this report includes*
· Aisin Seiki Co. Ltd.
· Denso Corporation
· Robert Bosch GmbH
· Johnson Electric Holdings Limited
· KSPG AG
· Magna International Inc.
· SHW AG
· ZF Friedrichshafen AG
· Continental AG
· Concentric AB
· Hella KGaA Hueck & Co.
· Seiki Co. Ltd.
· Valeo SA
· Hitachi Automotive Systems Ltd.
· JTEKT Corporation
· Magneti Marelli SpA
· Delphi Technologies plc
· TI Automotive Inc.
· Rheinmetall Automotive AG
· MS Motorservice International GmbH
· GMB Corporation
· Pierburg GmbH
· Mahle GmbH
· BorgWarner Inc.
· Schaeffler AG
· Mikuni Corporation
· Bosch Mahle Turbo Systems GmbH & Co KG
· SMP Deutschland GmbH
· Melling Engine Parts
· Gates Corporation
For more information about this report visit https://www.researchandmarkets.com/r/8z589x
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