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Download Free sampleThe global Automotive Pump market was valued at 1896.58 Million USD in 2021 and will grow with a CAGR of 5.05% from 2021 to 2027, based on Research newly published report.
The prime objective of Automotive Pump Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Automotive Pump Market covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A pump is a device that helps in moving a matter (liquid or gas) using mechanical action. There are two types of pumps in the market: Reciprocating pumps (with linear motion) and rotary pumps (with rotating motion). Automotive pumps are crucial in vehicles and help in supplying the required amount of fluid or air for the smooth functioning of all systems. Currently, there is no replacement for these pumps.The passenger car segment is the fastest growing and also is the largest of all the segments considered under vehicle type. This growth can be attributed to the elevated demand for passenger cars in the developing countries and rise in the income levels in the developing nations such as China and India.
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