Market Forecast 2031: Key Growth Factors for the Automotive Oil Pump Industry
The global automotive oil pump market has been experiencing steady growth, driven by increasing vehicle production, advancements in fuel efficiency, and the rising demand for high-performance vehicles. In 2021, the market was valued at US$ 17.6 billion and is expected to expand at a CAGR of 4.5%, reaching US$ 27.7 billion by 2031. Key industry players are focusing on technological innovations...
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