World Automotive Fuel Pumps Market to Register Moderate Growth and Reach 79.76 Million Units by 2010, According to New Report by Global Industry Analy

San Jose, California (PRWEB) July 17, 2007 -- World Automotive Fuel Pumps market (www.strategyR.com/MCP-1038.asp) is forecast to exhibit a modest CAGR of 3.93% over the coming few years and reach 79.76 million units by 2010. Much of the growth is expected to emanate from the Electrical Fuel Pumps (OEM) market (www.strategyR.com/MCP-1038.asp), which is expected to register a CAGR of 7.54%, while Mechanical Fuel Pumps (OEM) market (www.strategyR.com/MCP-1038.asp) is forecast to witness heavy declines all across the world. Europe, with a share of 30.28% estimated in 2006, represents the largest market. In terms of growth, however, Asia-Pacific, with a CAGR of 12.88%, will surpass all other regions.

As a result of the integration of advanced technology, the market is witnessing a transformation into a less price sensitive mode. Nevertheless, pump differentiation among manufacturers requires suppliers to boost their inventory coverage.

Widespread fuel contamination, the major cause for the failure of electrical fuel pumps is fueling high demand. As a result, OEMs and aftermarket manufacturers are forced to develop high quality pumps.

Quality remains the key competitive factor, although innovations in product and service quality often are used as strategies to increase customer base. This in turn results in decrease in the price per unit and growth in remanufactured segments. Competition is also expected to become intense, as very few companies hold major technology patents. All these factors are expected to drive manufacturers to focus on product and service quality as well as enhance inventory depth. Besides prompt customer service and greater product availability, suppliers need to enhance their distribution framework so as to remain competitive.

Technological advances over the past several years have drastically transformed automotive industry worldwide. Changing user preferences and environmental concerns have played a major role in the advancements in the automotive field. In sync with the increasing components in modern vehicles, fuel pumps and fuel injectors market also witnessed healthy growth. Growing number of fuel-injected vehicles in turn increased the use of fuel delivery components. In 2005, all light vehicles manufactured were incorporated with fuel injection system and the trend is likely to continue in the coming years. Further, effective smooth functioning of electric fuel pumps for longer duration, their location advantage and energy savings coupled with reduced emission discharge are triggering growth for electric fuel pumps. With such advantages over mechanical fuel pumps, electric fuel pumps are rapidly making inroads into the fuel pumps market and eating the market share once enjoyed by mechanical fuel pumps.

Dramatic shift towards electric fuel pumps is forcing the inevitable extinction of automotive mechanical fuel pumps. However, in the year 2004, certain vehicles including 1979 model Ford 1 ton pick-up, 1983 model Chevy Truck 1 ton pick-up, 1988 model Ford ton van, besides certain heavy trucks employed mechanical pumps. Additionally, mechanical fuel pumps are also used in some specific industries.

However, despite the usage of mechanical fuel pumps in old vehicles and certain industries, the rapid transition towards electronic fuel pumps and the replacement of old vehicles with advanced versions are expected to drastically minimize the market share of mechanical fuel pumps in the coming years.

Major players covered include ACDelco, Airtex Products LP, Cascon Inc, Delphi Corp., Denso Corporation, Federal-Mogul Corp., Remy International, Inc., Robert Bosch GmbH, Siemens VDO Automotive GmbH, TI Automotive UK Ltd., and Visteon Automotive Systems.

For more details about this research report, please visit www.strategyR.com/MCP-1038.asp.

About Global Industry Analysts, Inc.:

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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