Automotive pumps, improving the efficiency are the essential part of a vehicle. Automotive pumps when invented were used as a component to transfers fluid, now are used to improve fuel efficiency and performance of vehicles. Growing demand of environmental friendly solutions influence manufacturers to develop better pumps. It is used in various system of a vehicle such as, lubrication system, steering system, coolant system, transmission system and fuel system.
Automotive Pumps Market: Drivers & Restraints
Automotive pump manufactures are actively involving in the continuous ongoing development in automobile industry by focusing on the efficiency improvement of pumps. Increasing passenger car penetration in the developing countries such as China and India, aided by the growing personal income rate will spur the growth of automotive pump market. Additionally, stringent fuel efficiency laws will also play a major role in the growth of this market.
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Automotive Pumps Market: Segmentation
On the basis of type, automotive pumps market is broadly segmented as:
• Fuel Pump
• Coolant Pump
• Oil Pump
• Power Steering Pump
• Transmission Pump
On the basis of vehicle type, the market is segmented into:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Two – Wheeler
In addition, report also includes segmentation on the basis of channel type:
Owing to demand of fuel efficient pump along with technology advancement, electric fuel pump is replacing the mechanical fuel pump. The primarily used oil pump in automobile sump system includes gear rotor pump and gear pump.
Automotive Pumps Market: Region-wise Outlook
Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a...