The demand for automotive washer pumps is likely to increase substantially during the forecast period. The demand for pressure pumps is directly proportional to the increase in the vehicle production around the world. According to International Organization of Motor Vehicle Manufacturers (OICA), the global vehicle production stood at 94.97 million in 2016. In 2015 the production was 90.78 million. There was an increase of about 4.6% year on year. The global vehicular production is likely to reach 113.54 million in 2021. This increase is likely to augment the demand for automotive washer pumps in the coming years.
Another key driver that is likely to drive the demand for automotive washer pumps is the rise in demand for automotive wiper systems and headlamp washer systems. Cars and trucks have the capability of incorporating two windshield wipers. The number of automotive washer pumps has remained constant. These were only a part of the cars in the mid-luxury and luxury segment. However, nowadays all the cars have these components from the manufacturing side. As the demand from the customers to buy wipers with high quality and improved durability, manufacturers are looking to generate the demand through increase in the number of cars sold as the number of automotive washer pumps cannot be increased.
The number of accidents is on the rise. According to the Centre for Disease control and Prevention, the number of motor vehicle traffic death has been around 10.6 per 100, 000 people. This number is set to rise in the coming years. Moreover, governments, consumers, insurance companies, and manufacturers of automotive products are extremely concerned about the swelling number of road accidents per year. This has led to significant investments by many groups in order to develop new technologies and enhanced products to reduce the number of accidents. This has resulted into the development of products including improved wiper systems, airbags, telematics, seatbelts, and GPS. Furthermore, the development of the automotive washer pumps market is inclined to rise depending upon the increase in road safety programs. Wiper systems with effectual washer pumps aids in clear vision, thereby reducing the incidents of accidents, and they also keep the driver safer in dangerous weather conditions including snow, rain, and dust storms.
The global automotive washer pumps market can be segmented by product type, vehicle type, technology, displacement type, and geography. In terms of product type the global automotive washer pumps market can be segregated into fuel pump, oil pump, water pump, windshield washer pump, steering pump, transmission pump, fuel injection pump, and vacuum pump. The fuel injection pumps segment is likely to account for the maximum share of the global automotive washer pumps market. This is due to the augmented demand for fuel efficient vehicles as well as increase in acceptance of automotive technologies such as gasoline direct injection. The transmissions pump segment followed the fuel injection pumps segment in terms of value. This growth is due to the rise in manufacturing of automatic transmission systems across the world.
By vehicle type the global automotive washer pumps market can be divided into passenger car, light commercial vehicles, and heavy commercial vehicles. On the basis of technology, the market is bifurcated into electric pump, and mechanical pumps. Based on displacement type the global automotive washer pumps market is segmented into variable displacement, and fixed displacement.
In terms of geography, the global automotive washer pumps market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region accounted for the maximum share of the global automotive washer pumps market. Increase in sales of passenger cars, , the growing focus on safety features, amplified government regulations, and rise in demand for fuel efficient vehicles, especially in the passenger car segment are expected to boost the demand for automotive washer pumps in the Asia Pacific region.
Key players operating in the global automotive washer pumps market are VDO, DENSO, Mitsuba, Valeo, Johnson Electric, TRICO, ACDelco, Bosch, Hella, ACI Auto, Almity, and dlhBOWLE.
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The following regional segments are covered comprehensively:
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1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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