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.
Fuel supply pumps will continue to hold
leading revenue- and volume- share in 2016 among all the automotive
pumps. FMI estimates fuel supply pump installations to reach 115,873
thousand units in 2016, an increase of 2.3% over 2015. The revenue
share of fuel supply pumps increase from 43.4% in 2015 to 43.6% in
2016. Vacuum pumps will witness a 5.2% value increase in 2016 over
2015.
Read Report @
While steady automotive sales in Asia
Pacific and increasing emphasis on curbing vehicular emissions will
continue to boost demand in 2016, rising adoption of electric motors
and long replacement cycles can pose challenges to growth.
Demand for automotive pumps will be
highest in the passenger vehicle segment vis-à-vis commercial and
heavy vehicles. This will largely be supported by steady demand from
a rapidly expanding middle class in developing countries of Asia
Pacific. FMI estimates automotive pump installations in the passenger
vehicle segment to reach 504,339 thousands units in 2016, an increase
of 2.3% over 2015.
Asia Pacific excluding Japan (APEJ) will
extend its lead as the largest market for automotive pumps in 2016.
On back of rising adoption of advanced technologies, including DCT,
CVT, and GDI, automotive pump installations in the region will reach
252,301 thousand units in 2016. APEJ’s revenue share is set to
reach 33.4% in 2016, an increase of 0.5% from 2015.
Considering the fragmented nature of the
automotive pumps market, key players are focusing on business
expansion in emerging markets through mergers and acquisitions.
Establishment of new manufacturing facilities and reinforcement of
existing ones is a key go-to business strategy for leading players in
the market.
Request Sample Report @
The global automotive pumps market will
increase at a CAGR of 3.8% during 2015-2025, reaching US$ 64.7 Bn by
2025-end. Asia Pacific and Western Europe will be the two largest
markets, whereas demand for automotive pumps will witness the highest
CAGR in Middle East & Africa.
No comments:
Post a Comment