Automotive Pump Market worth $17.7 billion by 2025 | Page 4

The RoW region is estimated to be the fastest growing market during the forecast period . The region comprises some of the fastest developing economies of the world such as Brazil , Iran , and South Africa . The increased spending power in Brazil and South Africa has increased the demand for passenger cars . Growing concerns about ecological imbalance because of excessive emissions by automobiles have compelled automakers to comply with the emission mandates . These factors are responsible for the growth of the automotive pump market in the RoW region . Though decline in sales of light , medium , and heavy trucks in 2020 by 2.7 % YoY in Brazil as noticed in Q1 due to the outspread of COVID-19 . The market is expected to get hampered by the impact of coronavirus till the end of 2020 .
In Europe , during the third month of 2020 , demand for new heavy trucks declined significantly by 38.0 %. Heavy truck sales fell in all major EU markets , with France by 27.7 % and Germany by 25.9 % posting the strongest drops . This brought total registrations down to 54,168 heavy trucks so far in 2020 , or 26.9 % less than last year . Although , the situation is expected to recover in the coming years as the manufacturing plants are reopened in China , Japan , and other countries .
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Rest of the World ( RoW ): Brazil is expected to be the fastest growing country in the Rest of the World region by 2025

The RoW region is estimated to be the fastest growing market during the forecast period . The region comprises some of the fastest developing economies of the world such as Brazil , Iran , and South Africa . The increased spending power in Brazil and South Africa has increased the demand for passenger cars . Growing concerns about ecological imbalance because of excessive emissions by automobiles have compelled automakers to comply with the emission mandates . These factors are responsible for the growth of the automotive pump market in the RoW region . Though decline in sales of light , medium , and heavy trucks in 2020 by 2.7 % YoY in Brazil as noticed in Q1 due to the outspread of COVID-19 . The market is expected to get hampered by the impact of coronavirus till the end of 2020 .

In Europe , during the third month of 2020 , demand for new heavy trucks declined significantly by 38.0 %. Heavy truck sales fell in all major EU markets , with France by 27.7 % and Germany by 25.9 % posting the strongest drops . This brought total registrations down to 54,168 heavy trucks so far in 2020 , or 26.9 % less than last year . Although , the situation is expected to recover in the coming years as the manufacturing plants are reopened in China , Japan , and other countries .

Request FREE Sample Report @ https :// www . marketsandmarkets . com / requestsampleNew . asp ? id = 242990293

Rest of the World ( RoW ): Brazil is expected to be the fastest growing country in the Rest of the World region by 2025