Global Automotive Water Pump Expected To Register 6.4% CAGR Over 2016-2020

Date: 2016-11-29

Thanks to the global massive urbanization and industrialization, the global Automotive Water Pump is expected to register 6.4% CAGR over 2016-2020.

The increasing demand for Automotive Water Pumps is result from the global massive urbanization and industrialization, according to Population Action International, by 2025 more than 2.8 billion of global population in 48 countries is expected to face water scarcity. Out of these 48 countries, about 40 are from West Asia, North Africa and Sub-Saharan Africa.

In terms of geography, Asia Pacific is expected to be largest demanding market for Automotive Water Pump around the world, due to their massive urbanization and industrialization with positive economy, the countries such as China, and Malaysia, Vietnam and others south east developing countries, according to report, the Asia Pacific is projected to grow at a CAGR of 7.8% for the forecast period 2016-2020. 

On the basis of application, the strong volume sales of agricultural water pumps, which are offered by Asian manufacturers at lower price, is the key factor behind the flourishing unorganized market. However, the trend is quite opposite in developed as well as the overall global water pumps markets, where the market is highly consolidated.

The global top Automotive Water Pump manufacturers like Aisin Seiki Co. LTD (Japan), Denso Corporation (Japan), Johnson Electric (Hong Kong), Robert Bosch GmbH (Germany) and Magna International (Canada) among others. TRW Automotive (Germany) and KSPG AG (Germany), Delphi Automotive LPP (U.S.), Robert Bosch GmbH (Germany) and Mikuni Corporation(U.K.).

Automotive Water Pump market share by region as following:

automotive-water-pump

Read Full Report: http://www.gosreports.com/global-automotive-water-pump-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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