Automotive Fuel Transfer Pumps Market Overview, Leading Players, Segment Analysis and Forecast

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Automotive Fuel Transfer Pumps Market Dynamics
Trends, Segmentation, Key Players, Application
And Forecast
Technological advancements and changing consumer
preferences are driving the automotive fuel
transfer pumps market across the world. In 2015,
the market valued 49,052.6 million, and it is
projected to advance at a 4.7 CAGR during the
forecast period (20162022). Fuel transfer pumps
were initially installed in vehicles to supply
the fuel to the engine from the fuel tank. But
with rising pollution, these are also being used
to increase the fuel efficiency and
performance. Request to Get the Sample Report_at_
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analysis/automotive-fuel-transfer-pumps-market/rep
ort-sample Several types of pumps are available
in the market, including fuel supply, fuel
injection, transmission oil, engine oil, and
vacuum pumps. Among all, fuel supply pumps
registered the highest sales and revenue in the
automotive fuel transfer pumps market in 2015.
Fuel supply pumps transfer the fuel from the
storage tank to the engine, without which
vehicles cannot move. Therefore, owing to their
importance in vehicles, these dominated the
market and will continue to do so during the
forecast period. However, vacuum pumps are
expected to advance with the highest revenue and
sales volume CAGR in the automotive fuel
transfer pumps market during the forecast period.
Apart from creating vacuum for braking systems,
these are also used in air conditioning and
central locking systems. The reason for their
rapid growth would be the changing consumer
preferences, which are compelling automotive
manufacturers to offer such advanced systems in
their vehicles. Hardly any personal vehicle
nowadays comes without air conditioning, whereas
the central locking system is also gaining rapid
popularity. Another reason for the growth of the
automotive fuel transfer pumps market is
technological advancements. To dominate the
competition, automakers are integrating gasoline
turbochargers, automatic transmission, power
steering, and gasoline direct injection in
vehicles. The installation of many of these
systems is also a result of strict regulations
in many countries with regard to carbon
emissions. For instance, the fuel efficiency
increases and fuel combustion improves with the
use of gasoline turbocharged direct injection.
So, as these systems are integrated into more
vehicles, the sales of advanced fuel injection
systems are expected to increase.
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Across the world, Asia-Pacific dominated the
market during the historical period (2012 2015)
in terms of sales volume as well as revenue, and
it is expected to maintain its dominance during
the forecast period. However, the automotive fuel
transfer pumps market is projected to grow the
fastest in Middle East and Africa in terms of
value and volume owing to the rapidly surging
demand for passenger cars and increasing
technological advancements in automotive
technology. Hence, with the growth of the
automobile industry in developing countries, the
market for automotive fuel transfer pumps would
continue to progress.