Automotive Pumps Market Overview

The global Automotive Pumps market is estimated to reach 22.69 billion in 2030 with a growth rate of 4.5% during the forecast period, 2022-2030, and it was valued at 14.57 billion in 2022.

The increased popularity of customization is projected to drive demand for automotive pumps in the foreseeable future. Manufacturers are increasingly turning to pump customization, owing to rising competition and shifting market dynamics. Furthermore, manufacturers can build cutting-edge automotive designs worldwide because of constantly changing customer tastes. They also offer variable flow pumps that are designed to meet individual needs. Pump manufacturers implementing comprehensive strategies to integrate customization into their company processes will be well-positioned to secure long-term supply contracts with automobile manufacturers. Another factor expected to boost the industry is manufacturers’ continued development of small and high-performance motors and engines.

What is an Automotive Pump?

The automotive pump is used in automobiles to circulate fluids under pressure. The performance of several systems, such as steering, coolant, transmission, fuel supply, and lubrication, is hampered when the automotive pump fails. Furthermore, an automotive pump has been employed to improve vehicle efficiency and performance. In addition, the automotive pump is critical in lowering vehicle emissions. The automobile pump reduces wear and tear on parts by moving fluid throughout the car.

Growth Driver

Growing Trend of Engine Downsizing

Engine downsizing, accomplished by using updated technologies like turbochargers, superchargers, and direct injection technology, is one of the most current trends in the automobile industry. Small engines with power equivalent to or greater than conventional engines are becoming increasingly popular among OEMs. Smaller engines reduce the Vehicle’s overall weight and, as a result, enhance fuel efficiency in both gasoline and diesel engines. For instance, instead of a 6-cylinder engine, most Mercedes-Benz and BMW cars today have a 4-cylinder engine. A four-cylinder engine increases the amount of pressure necessary to provide the same amount of power as a larger engine while being more efficient. OEMs are also seeking to reduce engine size to meet government-imposed pollution standards. In the coming years, engine downsizing is likely to open up new commercial opportunities for the automotive fuel injection pump market.

Opportunity

Robust Growth in Sales of Plug-In Hybrid Electric Vehicles

A plug-in hybrid electric vehicle is a form of the electric car with an onboard internal combustion engine-powered generator that can be recharged by inserting a charging cable into an external electric power source. The passenger car segment is seeing a lot of PHEVs, but there are also PHEV versions of commercial vehicles, including vans, utility trucks, buses, trains, motorbikes, and mopeds on the market. The characteristics of a PHEV are similar to those of an electric car and a traditional internal combustion engine. Because these cars have a standard IC engine, the fuel pump is used to transport fuel from the tank to the engine, injected into the engine’s cylinder. The emerge of this segment is likely to make an attractive potential for the growth of the fuel pumps market.

Restraint

Growth of Electric Vehicles

Electric vehicles have developed as a viable alternative to traditional gasoline-powered automobiles, especially in urban regions and cities. These vehicles are non-polluting and do not emit dangerous gases into the atmosphere. As a result, many countries’ regulatory bodies are adopting steps to boost the adoption of electric vehicles, such as battery electric vehicles. The European passenger automobile market has the biggest demand for electric vehicles in Asia and North America.

Pre-Covid-19 impact on the global Automotive Pumps market

Before the pandemic, manufacturers were motivated to design well-organized pumps by the growing need for environmentally friendly solutions. The key market drivers are increased vehicle production, vehicle electrification, environmental requirements, and increased use of modern automotive technologies such as gasoline direct injection and automatic transmission.

Covid-19 impact on the global Automotive Pumps market

The impact of the coronavirus outbreak at the end of 2019 has been felt in the automotive and automotive textile markets at the same time. The automotive textile business is being seriously impacted by the continuous lockdown, job cuts, and recession. Furthermore, the pump is a critical component in a vehicle’s steering, coolant, transmission, fuel supply, and lubrication systems. As a result, buyers will not overlook replacing an automotive pump during routine maintenance. As a result, the need for automobile pumps will continue to grow.

Post Covid-19 impact on the global Automotive Pumps market

Lower car sales, the backdrop of the epidemic, will be a big issue for automakers in the coming quarters. On the other hand, the automobile pump market is predicted to grow significantly in 2022 due to various countries’ carbon emission regulations.

Pump Type Segmental Analysis

Based on Pump Type, the global Automotive Pumps market is classified into Fuel Supply, Fuel Injection, Transmission Oil, Engine Oil, Steering, Coolant, Windshield washer, and Vacuum. The Fuel Injection segment is expected to hold a significant share in the global Automotive Pumps market during the forecast period by 2030. Because of the rising need for fuel-efficient automobiles, the fuel injection pumps market is expected to grow at the highest rate during the forecast period, with the largest market share. The upcoming stringent emission rules will propel the global market for automotive fuel injection pumps. Transmission pumps have seen a tremendous increase in demand in recent years, and they now govern the automotive pumps market. This increase can be attributed to a growth in the production of automatic transmission systems in both developed and emerging countries. 

Figure: Global Automotive Pumps Market, by Pump Type, Market Share, 2021

Electric Vehicle Segmental Analysis

The global Automotive Pumps market is segregated into BEV, HEV, PHEV, and FCEV based on electric vehicles. The PHEV segment accounts for a significant share in the global Automotive Pumps market from 2022 to 2030. A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle with a battery pack that can be recharged internally and externally by plugging a charging cable into an external electric power source and its onboard internal combustion engine-powered generator. Most PHEVs are passenger cars, but they also come in commercial and van versions, utility trucks, buses, trains, motorbikes, mopeds, and even military vehicles.

Region Segmental Analysis

Based on the regional segmental analysis, the Automotive Pumps market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific accounts for the largest share in the global Automotive Pumps market from 2022 to 2030. Thanks to rising consumer purchasing power, the Asia Pacific region is the world’s largest automotive market, fueled demand for automobiles. Furthermore, the industry is growing due to rising sales of commercial vehicles and passenger cars in the region. Furthermore, the growing demand for passenger vehicles in the region’s fast-emerging countries is expected to propel the Asia Pacific market forward during the forecast period.

Competitor Analysis

Seiki Co. LTD, Denso Corporation, Johnson Electric, Robert Bosch GmbH, Magna International, Aisin Seiki, KSPG AG, Continental AG, Delphi Automotive, Mikuni Corporation, Other prominent players

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global Automotive Pumps manufacturing firm
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Development

• In January 2022, Aisan Industry Co. Ltd., a manufacturer specializing in engine elements, successfully finalized the investment in Denso Corporation’s fuel pump module business. This strategic move aimed to improve Aisan Industry’s powertrain portfolio and capitalize on potential market growth prospects.
• In December 2020, by 2022, Aisin Tohoku Co., a subsidiary of the Aisin Group, plans to expand its facility to begin producing small and medium-sized motor goods, mostly electric water pumps. The electric water pump will be manufactured in the plant for the first time.
• In April 2019, Aisin Corporation announced a new investment to strengthen its Automatic Transmission (AT) business in the United States and expand its manufacturing facility. Aisin AW will contribute to the development of the automobile industry in the United States in the future by improving its ability to manufacture ATs for SUVs. This move by the corporation could help it expand its automotive pump product offerings.

Scope of the Report

Market Modelling

By Pump Type

• Fuel Supply
• Fuel Injection
• Transmission Oil
• Engine Oil
• Steering, Coolant
• Windshield washer
• Vacuum

By Electric Vehicle

• BEV
• FCEV
• HEV
• PREV

By Technology

• Electric
• Mechanical

By Vehicle Type

• Passenger cars
• Commercial vehicles

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Report Content

1.     Research Strategic Development

1.1.   Market Modelling

1.2.   Product Analysis

1.3.   Market Trend and Economic Factors Analysis

1.4.   Market Segmental Analysis

1.5.   Geographical Mapping

1.6.   Country Wise Segregation

2.     Research Methodology

2.1.   Identification of Target Market

2.2.   Data Acquisition

2.3.   Refining of Data/ Data Transformations

2.4.   Data Validation through Primary Techniques

2.5.   Exploratory Data Analysis

2.6.   Graphical Techniques/Analysis

2.7.   Quantitative Techniques/Analysis

2.8.   Visual Result/Presentation

3.     Executive Summary
4.     Market Insights

4.1.  Supply Chain Analysis

4.2.  Economic Factor Analysis

4.2.1.            Drivers

4.2.2.            Trends

4.2.3.            Opportunities

4.2.4.            Challenges

4.3.  Technological Landscape

4.4.  Competitors & Product Analysis

4.5.   Regulatory Framework

4.6.   Company market share analysis, 2022

4.7.  Porter’s Five forces analysis

4.8.  Price point analysis

4.9.  New Investment Analysis

4.10.PESTEL Analysis

4.11.Pre Covid-19 Impact

4.12.Covid-19 Impact

4.13.Post Covid-19 Impact

4.14.Economic Impact Study on Global Automotive Pumps Market

5. Global Automotive Pumps Market, 2017-2030

5.1.  Market size & Forecast, 2017-2030

5.1.1.            Demand

5.1.1.1.            By Value (USD Billion)

5.2.  Market Share & Forecast, 2017-2030

5.2.1.            By Pump Type

5.2.1.1.            Fuel Supply

5.2.1.2.            Fuel Injection

5.2.1.3.            Transmission Oil

5.2.1.4.            Engine Oil

5.2.1.5.            Steering, Coolant

5.2.1.6.            Windshield washer

5.2.1.7.            Vacuum

5.2.2.            By Electric Vehicle   

5.2.2.1.            BEV

5.2.2.2.            FCEV

5.2.2.3.            HEV

5.2.2.4.            PHEV

5.2.3.             By Technology

5.2.3.1.            Electric

5.2.3.2.            Mechanical

5.2.4.            By Vehicle Type

5.2.4.1.            Passenger cars

5.2.4.2.            Commercial vehicles

5.2.5.            By Sales Channel

5.2.5.1.            OEM

5.2.5.2.            Aftermarket

5.2.6.            By Region

5.2.6.1.            North America

5.2.6.2.            Europe

5.2.6.3.            Asia Pacific

5.2.6.4.            The Middle East & Africa

5.2.6.5.            South America

6. North America Automotive Pumps Market, 2017-2030

6.1.  North America Automotive Pumps Market size & Forecast, 2017-2030

6.1.1.            Demand

6.1.1.1.            By Value (USD Billion)

6.2.  North America Automotive Pumps Market Share & Forecast, 2017-2030

6.2.1.            By Pump Type

6.2.1.1.            Fuel Supply

6.2.1.2.            Fuel Injection

6.2.1.3.            Transmission Oil

6.2.1.4.            Engine Oil

6.2.1.5.            Steering, Coolant

6.2.1.6.            Windshield washer

6.2.1.7.            Vacuum

6.2.2.            By Electric Vehicle   

6.2.2.1.            BEV

6.2.2.2.            FCEV

6.2.2.3.            HEV

6.2.2.4.            PHEV

6.2.3.             By Technology

6.2.3.1.            Electric

6.2.3.2.            Mechanical

6.2.4.            By Vehicle Type

6.2.4.1.            Passenger cars

6.2.4.2.            Commercial vehicles

6.2.5.            By Sales Channel

6.2.5.1.            OEM

6.2.5.2.            Aftermarket

6.2.6.            By Country

6.2.6.1.            US

6.2.6.2.            Canada

6.2.6.3.            Mexico

7. Europe Automotive Pumps Market, 2017-2030

7.1.  Europe Automotive Pumps Market size & Forecast, 2017-2030

7.1.1.            Demand

7.1.1.1.            By Value (USD Billion)

7.2.  Europe Automotive Pumps Market Share & Forecast, 2017-2030

7.2.1.            By Pump Type

7.2.1.1.            Fuel Supply

7.2.1.2.            Fuel Injection

7.2.1.3.            Transmission Oil

7.2.1.4.            Engine Oil

7.2.1.5.            Steering, Coolant

7.2.1.6.            Windshield washer

7.2.1.7.            Vacuum

7.2.2.            By Electric Vehicle   

7.2.2.1.            BEV

7.2.2.2.            FCEV

7.2.2.3.            HEV

7.2.2.4.            PHEV

7.2.3.             By Technology

7.2.3.1.            Electric

7.2.3.2.            Mechanical

7.2.4.            By Vehicle Type

7.2.4.1.            Passenger cars

7.2.4.2.            Commercial vehicles

7.2.5.            By Sales Channel

7.2.5.1.            OEM

7.2.5.2.            Aftermarket

7.2.6.            By Country

7.2.6.1.            Germany

7.2.6.2.            UK

7.2.6.3.            France

7.2.6.4.            Italy

7.2.6.5.            Rest of Europe

8. Asia Pacific Automotive Pumps Market, 2017-2030

8.1.  Asia Pacific Automotive Pumps Market size & Forecast, 2017-2030

8.1.1.            Demand

8.1.1.1.            By Value (USD Billion)

8.2.  Asia Pacific Automotive Pumps Market Share & Forecast, 2017-2030

8.2.1.            By Pump Type

8.2.1.1.            Fuel Supply

8.2.1.2.            Fuel Injection

8.2.1.3.            Transmission Oil

8.2.1.4.            Engine Oil

8.2.1.5.            Steering, Coolant

8.2.1.6.            Windshield washer

8.2.1.7.            Vacuum

8.2.2.            By Electric Vehicle   

8.2.2.1.            BEV

8.2.2.2.            FCEV

8.2.2.3.            HEV

8.2.2.4.            PHEV

8.2.3.             By Technology

8.2.3.1.            Electric

8.2.3.2.            Mechanical

8.2.4.            By Vehicle Type

8.2.4.1.            Passenger cars

8.2.4.2.            Commercial vehicles

8.2.5.            By Sales Channel

8.2.5.1.            OEM

8.2.5.2.            Aftermarket

8.2.6.            By Country

8.2.6.1.            China

8.2.6.2.            India

8.2.6.3.            Japan

8.2.6.4.            Australia

8.2.6.5.            Rest of Asia pacific

9. The Middle East & Africa Automotive Pumps Market, 2017-2030

9.1.  The Middle East & Africa Automotive Pumps Market size & Forecast, 2017-2030

9.1.1.            Demand

9.1.1.1.            By Value (USD Billion)

9.2.  The Middle East & Africa Automotive Pumps Market Share & Forecast, 2017-2030

9.2.1.            By Pump Type

9.2.1.1.            Fuel Supply

9.2.1.2.            Fuel Injection

9.2.1.3.            Transmission Oil

9.2.1.4.            Engine Oil

9.2.1.5.            Steering, Coolant

9.2.1.6.            Windshield washer

9.2.1.7.            Vacuum

9.2.2.            By Electric Vehicle   

9.2.2.1.            BEV

9.2.2.2.            FCEV

9.2.2.3.            HEV

9.2.2.4.            PHEV

9.2.3.             By Technology

9.2.3.1.            Electric

9.2.3.2.            Mechanical

9.2.4.            By Vehicle Type

9.2.4.1.            Passenger cars

9.2.4.2.            Commercial vehicles

9.2.5.            By Sales Channel

9.2.5.1.            OEM

9.2.5.2.            Aftermarket

9.2.6.            By Country

9.2.6.1.            Saudi Arabia

9.2.6.2.            UAE

9.2.6.3.            South Africa

9.2.6.4.            Rest of The Middle East & Africa

10. South America Automotive Pumps Market, 2017-2030

10.1.                    South America Automotive Pumps Market size & Forecast, 2017-2030

10.1.1.        Demand

10.1.1.1.        By Value (USD Billion)

10.2.                    South America Automotive Pumps Market Share & Forecast, 2017-2030

10.2.1.        By Pump Type

10.2.1.1.        Fuel Supply

10.2.1.2.        Fuel Injection

10.2.1.3.        Transmission Oil

10.2.1.4.        Engine Oil

10.2.1.5.        Steering, Coolant

10.2.1.6.        Windshield washer

10.2.1.7.        Vacuum

10.2.2.        By Electric Vehicle   

10.2.2.1.        BEV

10.2.2.2.        FCEV

10.2.2.3.        HEV

10.2.2.4.        PHEV

10.2.3.         By Technology

10.2.3.1.        Electric

10.2.3.2.        Mechanical

10.2.4.        By Vehicle Type

10.2.4.1.        Passenger cars

10.2.4.2.        Commercial vehicles

10.2.5.        By Sales Channel

10.2.5.1.        OEM

10.2.5.2.        Aftermarket

10.2.6.        By Country

10.2.6.1.        Brazil

10.2.6.2.        Argentina

10.2.6.3.        Rest of South America

11. Competitor Analysis

11.1. Company Description

11.2. Financial Analysis

11.3. Key Products

11.4. Key Management Personnel

11.5. Contact Address

11.6. SWOT Analysis

11.7. Company profile

11.7.1.        Seiki Co. LTD

11.7.2.        Denso Corporation

11.7.3.        Johnson Electric

11.7.4.        Robert Bosch GmbH

11.7.5.        Magna International

11.7.6.        Aisin Seiki

11.7.7.        KSPG AG

11.7.8.        Continental AG

11.7.9.        Delphi Automotive

11.7.10. Mikuni Corporation

11.7.11. Other Prominent Players