Cars Pumps Market Expected to Deliver Dynamic Progression until 2026
Verfasser: ashwani_kailiya on Wednesday, 30 October 2019The FactMR report tracks the automotive pumps market for the period 2017-2026. According to the report, the automotive pumps market is projected to grow at a 5.3% volume CAGR through 2026. According to FactMR’s new business intelligence report, the global cars pumps market is anticipated to register a promising growth during the period 2017-2026, with market revenues likely to surpass US$ 54 billion by 2019-end. Growing consumer preference for green technology, along with the need to adhere to stringent carbon and VOC emission regulations, are encouraging automotive manufacturers to focus on enhancing energy performance of vehicles. With their crucial role in maintenance of energy efficiency, the automotive pumps are likely to gain center stage in the near future.
Integration of Smart Technologies in Automotive Pumps to Underpin Market Growth
Increasing demand for fuel-efficient and lightweight vehicles has been influencing leading automotive manufactures to implement innovative technologies in automobile components. Advances in technologies such as automatic transmission, gasoline direct injection, and gasoline turbocharger that enable efficient circulation of oil in all parts of an automobile are likely to create lucrative opportunities for manufacturers of automotive pumps.