Kings Research published a new report on Automotive Pump Market Size , Share, Growth, Industry Trends & Forecast 2031, covering various industry elements and growth trends helpful for predicting the industry future. Global Automotive Pump Market was valued at USD 14.89 billion in 2023 and is projected to reach USD 20.95 billion by 2031, growing at a CAGR of 4.40% from 2024 to 2031
The global automotive pump market is experiencing significant growth driven by increasing demand for fuel-efficient vehicles and advancements in automotive technologies. Automotive pumps are critical components in vehicles, responsible for circulating fluids for various functions such as lubrication, cooling, and fuel injection. The rise in vehicle production, coupled with the growing adoption of electric and hybrid vehicles, is further propelling the market.
Browse Full Report Details @ https://www.kingsresearch.com/automotive-pump-market-676
