DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive Fuel Transfer Pumps Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global automotive fuel transfer pumps market was valued at $49 billion in 2015, and it is expected to grow at a CAGR of 4.7% during 2016 - 2022.
Automotive fuel transfer pump is one of the essential components of an automobile. Earlier automotive fuel transfer pumps were primarily used for transferring fluids; however, now-a-days they are finding application in the improvement of overall vehicle as they increase fuel efficiency of the vehicle. With growing environmental concerns, there is an increased demand for eco-friendly solutions, which is encouraging the pump manufacturing companies to develop efficient pumps for automobiles. Pumps are used in vehicle systems for various applications such as fuel, lubrication and transmission.
Stringent vehicular emissions regulations, increasing consumer demand for fuel efficient vehicles and engine performance is creating opportunity for the automotive fuel transfer pump manufacturers. Stringent regulatory framework is encouraging the automotive manufacturing giants to combine advance fuel injection systems.
In 2015, Asia-Pacific accounted for the largest share in the global automotive fuel transfer pumps market; whereas the market in Middle East and Africa (MEA) is expected to grow at the fastest rate, during the forecast period. The major reason for the fast growth of the market in MEA includes increasing investments in technology up gradation and burgeoning demand for passenger cars and light commercial vehicles in this region.
Robert Bosch Gmbh
Aisin Seiki Co. Ltd.
Delphi Automotive Plc
Magna International Inc.
- Jtekt Corporation
Key Topics Covered:
1.Research Scope & Methodology
4.Automotive Fuel Transfer Pumps Market Size And Forecast (2012-2022)
5.Global Automotive Fuel Transfer Pumps Market, By Geography
7.Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/3x5brc/global_automotive