The global automotive pumps market size is expected to reach USD 16.52 billion in 2024 and reach USD 20.19 billion by 2029, growing at a CAGR of 4.10% from 2024 to 2029.
Vehicle pumps are used in numerous vehicle parts, for example, coolant, controlling, transmission, grease, and fuel. Mechanical vehicle pumps utilize mechanical power to pump the liquid, while electric pumps use electric vitality from a motor to pump the fluid. Vehicle pumps are an essential part of all vehicles where they move car liquids in various vehicle segments, for example, fuel framework, grease system, steering framework, coolant framework, and transmission framework. Mechanical car pumps have been the ordinary equipment for moving liquids, and record around half of all market income. Moreover, with different guidelines coming into the image, automakers are supplanting conventional vehicles with electric emphases.
The critical driving variables found in the worldwide automotive pumps market are increasing automotive manufacture, expanding execution of environmental guidelines, developing automotive electrification, and makers expanding integration of advanced automation methods, for example, automatic transmission and fuel turbocharged direct infusion to confine vehicle discharges around the world.
Rising automotive manufacturing around the world, along with the utilization of the latest advancements to produce fuel-efficient automobiles and to adhere to VOC (volatile organic compound) discharge guidelines is projected to add to the development of the vehicle pumps market majorly.
The introduction of premium factors, for example, smooth gear shift, power controlling, anti-lock braking system (ABS), and cabin comfort framework in these vehicles may give opportunities for the utilization of customized automotive pumps. Increasing fuel prices because of the overexploitation of traditional fuel reserves are additionally prompting vehicle makers to create highly efficient transmission frameworks. The incorporation of such innovative structures lined with reduced-friction pumps in the scope of automobiles is projected to gain momentum in the forecast period and eventually serve as a catalyst for the development of the automotive pump market. Technological advancements have led to the replacement of mechanical pumps in passenger vehicles with electric pumps. These have the alternative to variable flow as per the interest of the automotive and the driver and, thus, can develop the total fuel efficiency of the automobile.
One of the main elements limiting the development of the global vehicle pump market is the reduced replacement costs. With technological development, these prices are predicted to be additionally slashed. This provides minimized potential for aftermarket of vehicle pump producers across the world. Furthermore, the usage of electrical power control has grown in the present years resulting in a reduced share of vehicle pumps that help monitoring systems. Such a replacement by electrical motors has been negatively affecting the controlling pumps market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
4.10% |
Segments Covered |
By Type, Electric Vehicle Type, Vehicle Type, Technology, Displacement, Off-highway Vehicles, and Region. |
Various Analyses Covered |
Global, Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Delphi Automotive, Aisin Seiki, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive and SHW AG, and Others. |
The fuel injection pump segment is likely to expand with an outstanding share in the coming years due to the increased adoption by vehicle manufacturers.
The plug-in hybrid electric vehicle segment is likely to record the highest market share in the coming years due to the rising demand to curb vehicle emissions.
The increasing sales of passenger cars are likely to boost the development of this sector during the estimated time frame. The passenger car sector has the most significant market share in terms of value in 2019. Thus, the automotive pump market size, in terms of cost, of the passenger car sector is much bigger than that of other automotive industries in the market. The light commercial sector is predicted to witness gradual development during the forecast period.
The mechanical pump is estimated to be the most prominent segment during the foreseen period. Mechanical pumps, also known as geared pumps, are mechanically driven through drive belts or the camshaft and receive force from the engine of an automobile. Moreover, the mechanical pump division is predicted to develop slowly in the near future as electrical pumps are efficiently utilized in place of mechanical pumps to make vehicles more useful.
Due to increasing vehicle production and rising vehicle manufacture in the Asia Pacific region, this area is predicted to remain the first in the worldwide market for automotive pumps in the coming years, followed by North America. Strict emission guidelines, along with increasing interest in fuel-efficient vehicles and increasing focus on OEMS are a growing market in this part of the world, adding towards the market development in APAC business. The most striking market on the basis of value is the Middle East and Africa area, followed by Japan and other APAC regions.
Delphi Automotive, Aisin Seiki, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive, SHW AG. Some of the market players dominate the global automotive pump market.
By Type
By Electric Vehicle Type
By Vehicle Type
By Technology
By Displacement
By Off-highway Vehicles
By Region
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