Research and Markets - Global Automotive Fuel Transfer Pumps Market to Grow 4% by 2022 - Key Vendors are Robert Bosch, Denso Corporation & Delphi Automotive

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. Europe was the second largest market for automotive fuel transfer pumps in 2015. The widespread presence of automotive manufacturing giants in Europe is expected to positively impact the market growth over the forecast period.

Companies Mentioned:

Key Topics Covered:

1.Research Scope & Methodology

2.Executive Summary

3.Market Outlook

4.Automotive Fuel Transfer Pumps Market Size And Forecast (2012-2022)

5.Global Automotive Fuel Transfer Pumps Market, By Geography

6.Competitive Analysis

7.Company Profiles And Strategic Developments

For more information about this report visit http://www.researchandmarkets.com/research/ft9kcq/global_automotive

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