Automotive pumps are devices designed to facilitate the transfer or circulation of fluids within a vehicle's systems. These devices play a crucial role in enabling the functioning of various automotive components, including the engine and others. Some of the automotive pumps include the fuel pump, water pump, vacuum pump, fuel injection pump, among others. The hybrid electric vehicle demand across the globe is anticipated to witness a strong growth rate during the forecast period due to rising environmental concerns and fuel saving. Recent technological advancement has resulted in the development of hybrid vehicle technology for SUVs and larger-size vehicles, which are significantly propelling the growth of the automotive pumps. Rising fleet of electric and hybrid vehicles, stringent government regulations on emission norms. However, fluctuations in the prices of raw materials hamper market growth. In addition, technological advancement in automotive pumps, development of autonomous vehicles presents significant opportunities for market expansion.
The implementation of numerous government campaigns, the proliferation of hybrid electric vehicle (HEV) models, and continuous improvements in battery technology are collectively propelling the automotive pumps market. Luxury car manufacturers are expected to introduce a variety of models with diverse pricing options and attractive financing plans, which are projected to boost the demand for luxury cars in Asia-Pacific. Leading luxury car manufacturers such as BMW, Audi, and Mercedes are also anticipated to introduce new and advanced models at competitive prices, further driving the demand for advanced pumps for smooth running of these vehicles. In October 2022, the European Union proposed the Euro 7 standard, which focuses on reducing pollutants from vehicles to improve air quality. The proposal aims to reduce the pollutants from new vehicles sold in the region; the proposal aims to meet the European Union's zero pollution action plan. The European Union also anticipates that by 2035 all the cars and vans sold in the European region will have zero carbon dioxide emissions. Thus, these factors are anticipated to increase the sales of the pumps as this system contributes to more precise fuel delivery, optimizing combustion.
As international automobile manufacturers extend their reach and consumers' purchasing power for new cars grows, the demand for passenger vehicles is experiencing significant growth. Enhanced lifestyles and economic conditions are driving shifts in consumer preferences worldwide. With rising purchasing power and disposable income, increased brand visibility, and competition among OEMs to provide enhanced features, it is anticipated that the automotive pumps will experience growth during the forecast period as they are deployed in the vehicle engine to increase the overall efficiency of the cars.
The commercial vehicles are equipped with advanced pumps such as electric oil pumps, electric water pumps as they supply significant amount of oil for the gear-shifting and starting components, lubricate the gear wheels, and contribute to the cooling of the transmission.
The increasing disposable income in developed and developing nations, together with the ongoing advancements in infrastructure, are anticipated to drive the market growth. Commercial vehicle manufacturers such as Tata Motors Ltd., Mahindra and others, have been driven to design vehicles with lower carbon emissions as a result of growing consumer awareness of environmentally friendly transportation options. Manufacturers are attempting to reduce size and load factors, innovate vehicle design, and modify vehicles in compliance with weight standards due to which advanced pumps are deployed in these vehicles.
The automotive pump market is segmented into type, vehicle type, technology, sales channel, and region. On the basis of type, the market is classified into fuel pump, water pump, vacuum pump, fuel injection pump, others. On the basis of vehicle type, it is categorized into passenger vehicle, and commercial vehicle. By technology, the market is divided into electric and mechanical. On the basis of sales channel, the market is segmented into OEM and aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players covered in the report include Johnson Electric Holdings Limited, Continental AG, Robert Bosch GmbH, Valeo, GMB Corporation, Schaeffler Technologies AG & Co. KG, Mitsubishi Electric Corporation, Aisin Seiki Co., Ltd., MAHLE GmbH, Aisan Industry Co., Ltd.
The implementation of numerous government campaigns, the proliferation of hybrid electric vehicle (HEV) models, and continuous improvements in battery technology are collectively propelling the automotive pumps market. Luxury car manufacturers are expected to introduce a variety of models with diverse pricing options and attractive financing plans, which are projected to boost the demand for luxury cars in Asia-Pacific. Leading luxury car manufacturers such as BMW, Audi, and Mercedes are also anticipated to introduce new and advanced models at competitive prices, further driving the demand for advanced pumps for smooth running of these vehicles. In October 2022, the European Union proposed the Euro 7 standard, which focuses on reducing pollutants from vehicles to improve air quality. The proposal aims to reduce the pollutants from new vehicles sold in the region; the proposal aims to meet the European Union's zero pollution action plan. The European Union also anticipates that by 2035 all the cars and vans sold in the European region will have zero carbon dioxide emissions. Thus, these factors are anticipated to increase the sales of the pumps as this system contributes to more precise fuel delivery, optimizing combustion.
As international automobile manufacturers extend their reach and consumers' purchasing power for new cars grows, the demand for passenger vehicles is experiencing significant growth. Enhanced lifestyles and economic conditions are driving shifts in consumer preferences worldwide. With rising purchasing power and disposable income, increased brand visibility, and competition among OEMs to provide enhanced features, it is anticipated that the automotive pumps will experience growth during the forecast period as they are deployed in the vehicle engine to increase the overall efficiency of the cars.
The commercial vehicles are equipped with advanced pumps such as electric oil pumps, electric water pumps as they supply significant amount of oil for the gear-shifting and starting components, lubricate the gear wheels, and contribute to the cooling of the transmission.
The increasing disposable income in developed and developing nations, together with the ongoing advancements in infrastructure, are anticipated to drive the market growth. Commercial vehicle manufacturers such as Tata Motors Ltd., Mahindra and others, have been driven to design vehicles with lower carbon emissions as a result of growing consumer awareness of environmentally friendly transportation options. Manufacturers are attempting to reduce size and load factors, innovate vehicle design, and modify vehicles in compliance with weight standards due to which advanced pumps are deployed in these vehicles.
The automotive pump market is segmented into type, vehicle type, technology, sales channel, and region. On the basis of type, the market is classified into fuel pump, water pump, vacuum pump, fuel injection pump, others. On the basis of vehicle type, it is categorized into passenger vehicle, and commercial vehicle. By technology, the market is divided into electric and mechanical. On the basis of sales channel, the market is segmented into OEM and aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players covered in the report include Johnson Electric Holdings Limited, Continental AG, Robert Bosch GmbH, Valeo, GMB Corporation, Schaeffler Technologies AG & Co. KG, Mitsubishi Electric Corporation, Aisin Seiki Co., Ltd., MAHLE GmbH, Aisan Industry Co., Ltd.
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- Senario Analysis & Growth Trend Comparision
- Technology Trend Analysis
- Brands Share Analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Type
- Fuel Injection Pump
- Fuel Pump
- Water Pump
- Vacuum Pump
- Others
By Technology
- Mechanical
- Electric
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Sales Channel
- OEM
- Aftermarket
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Valeo
- AISIN SEIKI Co., Ltd.
- MAHLE GmbH
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Aisan Industry Co., Ltd.
- Continental AG
- Schaeffler Technologies AG & Co. KG
- GMB Corporation
- Johnson Electric Holdings Limited
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMOTIVE PUMP MARKET, BY TYPE
CHAPTER 5: AUTOMOTIVE PUMP MARKET, BY TECHNOLOGY
CHAPTER 6: AUTOMOTIVE PUMP MARKET, BY VEHICLE TYPE
CHAPTER 7: AUTOMOTIVE PUMP MARKET, BY SALES CHANNEL
CHAPTER 8: AUTOMOTIVE PUMP MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Valeo
- AISIN SEIKI Co., Ltd.
- MAHLE GmbH
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Aisan Industry Co., Ltd.
- Continental AG
- Schaeffler Technologies AG & Co. KG
- GMB Corporation
- Johnson Electric Holdings Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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