Global automotive pump market to grow at a CAGR of 4.09% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is transformation from 12V to 48V supply. Emission norms and continuous changes in government regulations are forcing OEMs to come up with innovations. Therefore, OEMs are working toward adding new features to make their vehicles better and differentiate their products in the market and comply with the rules and regulations set by the government.
According to the report, one of the major drivers for this market is rigorous emission norms for all vehicles. Governments worldwide are imposing stringent regulations due to increased awareness regarding the hazardous effects of emissions from vehicles. These regulations for emission control are forcing the OEMs to focus on the manufacturing of fuel-efficient vehicles, thereby increasing R&D expenses. The vehicle emission includes harmful gases, such as NOx, VOCs, O3, CO, PM10 and PM2.5, CO2, and benzene (C6H6), that directly affect the respiratory system. Recently, the Government of India has announced the implementation of BS-IV emission standard norms, which is similar to the European norms.
Further, the report states that one of the major factors hindering the growth of this market is upgradation leading to the increase in overall costs.
- Johnson Electric
- Robert Bosch
Other Prominent Vendors
- Magna International
- Delphi Technologies
- Rheinmetall Automotive
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Vehicle Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/3xns5p/global_automotive?w=4