As per this study the Global Fuel Transfer Pump Market was valued USD 2.71 MN (by revenue) in 2021 and is anticipated to reach USD 4.05 MN by 2028 with a CAGR of 5.9%.
Fuel transfer pump is a pump used to transfer liquid especially fuel from one place to another. It is used to transfer petrol, kerosene, gasoline, diesel, AdBlue, water, oil, etc. to cars, trucks, planes, agricultural machineries, construction equipment and other engine driven machines. Wide ranges of fuel transfer pump are available depending upon the rate and power of the pump.
Market Dynamics
Use of fuel transfer pump to transfer exact amount of fuel in efficient manner is driving its demand across automotive sector. Growing demand for high-pressure fuel system for heavy engine vehicles is further driving the market growth. Booming automotive sector and increased demand of fuel-efficient vehicles is again boosting the market growth. In spite of this, threat of effective substitute such as electric motors is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of fuel transfer pump.
Market Segmentation
The broad fuel transfer pump market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- AC Fuel Transfer Pump
- DC Fuel Transfer Pump
- Hand Fuel Transfer Pump
By Application
- Construction
- Mining
- Agriculture
- Military
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for fuel transfer pump in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Fuel Transfer Pump Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the fuel transfer pump market include Fill-Rite, GPI, Graco, Intradin Machinery, Piusi and YuanHeng Machine among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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