The global automotive pumps market is forecasted to expand at a CAGR of 4.6% and touch a valuation of US$ 23.48 billion by the end of 2033, up from US$ 14.99 billion in 2023.
The efficient transfer of fuel from the automotive fuel tank to the engine is essential to an automobile's operation. Consequently, fuel supply pumps are a crucial component of vehicle technology.
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The automotive pumps market outlook is expected to witness significant growth in the coming years. Automotive pumps play a crucial role in various vehicle systems, such as fuel, oil, coolant, and transmission. The increasing demand for automobiles, coupled with the growing focus on fuel efficiency and emission reduction, is driving the market for automotive pumps. Additionally, the rising adoption of electric and hybrid vehicles is creating new opportunities for electric pumps in the automotive industry.
Furthermore, stringent government regulations regarding emission standards are compelling automotive manufacturers to incorporate advanced technologies in their vehicles, which require efficient pumping systems. This has led to the development of innovative pumps with improved performance and durability. Moreover, the rising consumer expectations for enhanced comfort, safety, and convenience features in vehicles are further fueling the demand for automotive pumps.
Competitive Landscape
Top manufacturers of automotive pumps are focusing on applying advanced automation technologies. Leading companies have robust worldwide distribution networks. These businesses also provide a wide variety of products. They are focusing on new developments, partnerships, product standards, quality control, and supply chain management.
For instance :
- In 2018, Aisin Seiki and DENSO Corporation announced an agreement to form a new company for the development and selling of driving modules used for electric vehicles. The new company will be established in April 2019 under the name BluE Nexus.
- In 2019, HELLA KGaA Hueck & Co. and Plastic Omnium entered into a strategic cooperation to accelerate the holistic integration of lighting technologies into the vehicle exterior, for both front and rear parts. The new partnership is also aimed at providing the market with combined solutions and technologies.
- In 2019, Bosch introduced the ECP 160 electric coolant pump. The pump's coolant flow may be adjusted based on the demands of the engine and can supply up to 14,700 liters per hour when needed. The ECP 160 is a mechanical pump replacement for internal combustion engines, but it may also be used for batteries, electric motors, and inverter cooling.
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Key Companies Profiled:
- Aisin Corporation
- Delphi Technologies
- Denso Corporation
- TRW Automotive
- Mikuni Corporation
- Continental AG
- Johnson Electric
- MAHLE GmbH
- Magna International
- KSPG Group
Key Segments of Automotive Pumps Industry Research
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By Pump Type :
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Fuel Injection Pumps
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Fuel Supply Pumps
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Engine Oil Pumps
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Transmission Oil Pumps
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Coolant Pumps
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Steering Pumps
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Vacuum Pumps
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Windshield Washer Pumps
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By Technology :
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Electric
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Mechanical
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By Vehicle Type :
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Passenger Cars
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HCVs
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LCVs
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By Sales Channel :
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OEMs
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Aftermarket
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Key Questions Covered in the Automotive Pumps Market Report:
- What is the projected value of the Automotive Pumps factors Industry in 2023?
- At what rate will the global Automotive Pumps factors market size grow until 2033?
- Which are the factors hampering the growth of Automotive Pumps factors?
- Which region is expected to lead in the global Automotive Pumps factors market by 2033?
- Which are the factors driving the Automotive Pumps factors Industry during the forecast period?
- What is the expected market value of the Automotive Pumps factors market during the forecast period?
Regional Analysis for Automotive Pumps Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Automotive Pumps industry. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the industry stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Automotive Pumps industry, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of industry get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Automotive Pumps industry and assists to create strategies to overcome the obstacles that may hinder the growth of the Automotive Pumps industry.
- Leverage: The Automotive Pumps industry can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Automotive Pumps industry.
