Overview of the global automotive washer pumps market
Technavio’s market research report predicts that the global automotive washer pumps market will grow at a CAGR of nearly 2% during the forecast period. The surge in sales of four wheelers is one of the primary drivers for market growth. The requirement for automotive washer pumps is anticipated to be largely reliant on the demand for passenger vehicles. This, in turn, drives the adoption of wider systems. It has been estimated that the global production of four-wheelers that was about 95 million units during 2016 will to reach more than 113 million units by 2021. This rise in growth of four wheelers is expected to drive the sales of washer pumps as they are part of the mandatory active safety systems in vehicles, which is an important feature in vehicles.
In terms of geography, APAC led the global automotive washer pumps market during 2016 and is expected to continue the dominion during the forecast period as well. The increasing sales of hatchbacks and SUVs, improving economic conditions, and growth of the dual pumps segment, will drive the growth of the market in this region.
Competitive analysis and key vendors
The global automotive washer pumps market comprises of both global and local players. The global players dominate the market due to the direct supplier relationships, quality of the products, mass production facilities, and well-known distribution networks. Moreover, the key vendors in market also distinguish themselves based on factors such as geographical presence, market penetration, and product range.
Key vendors in the market are:
Other prominent vendors include Valeo, TRICO, Bosch, ACDelco, Hella, Almity, ACI Auto, and dlhBOWLES.
Segmentation by vehicle type and analysis of the automotive washer pumps market
During 2016, the hatchbacks segment dominated the global automotive washer pumps market. Though the segment will witness a gradual decrease in its market shares due to the rising sales of SUVs, due to the rising customer preference owing to the increase comfort and decrease in SUV prices, the segment will continue its dominance over the next four years as well.
Segmentation by pump type and analysis of the automotive washer pumps market
As per Technavio’s market research report, the mono pump type segment led the global automotive washer pumps market during 2016 and is expected to continue the dominion during the forecast period. The growth of the SUV market and the addition of headlamp washer systems into SUVs and mid-segment vehicles, will augment the growth of the mono pumps market segment in the future.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global automotive washer pumps market?
What are the key market trends impacting the growth of the global automotive washer pumps market?
What are the challenges to market growth?
Who are the key vendors in the global automotive washer pumps market?
What are the market opportunities and threats faced by the vendors in the global automotive washer pumps market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global automotive washer pumps market?
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