The North America Automotive Electric Fuel Pumps Market is expected to witness market growth of 5.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Electric Fuel Pumps Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.08 billion by 2031. The Canada market is experiencing a CAGR of 7.5% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 6.6% during 2024-2031.
The automotive industry has undergone significant advancements over the past several decades, with one of the most pivotal changes being the development of electric fuel pumps. These pumps have become crucial in modern vehicles, providing efficient fuel delivery systems for internal combustion engines, hybrid vehicles, and electric vehicles (EVs).
Electric fuel pumps are designed to replace mechanical pumps, which were once the norm in automotive fuel systems. Mechanical pumps were often less efficient and could cause issues with fuel flow. On the other hand, electric fuel pumps offer a range of advantages, such as improved fuel efficiency, better engine performance, and increased reliability.
Mexico’s position as the seventh-largest passenger car producer in the world, coupled with its robust export sector, significantly impacts the market. With 3.5 million cars produced annually and 88% exported, primarily to the United States, the demand for high-quality automotive components, including electric fuel pumps, is rising. As the automotive manufacturing sector in Mexico continues to grow, the need for advanced fuel systems, especially electric fuel pumps, becomes more critical. The large proportion of exports to the U.S., home to a growing electric vehicle (EV) industry, creates a favourable environment for adopting electric fuel pumps in both traditional and hybrid vehicles. Furthermore, expanding Mexico’s automotive manufacturing capabilities attracts global suppliers to establish production facilities and partnerships. As Mexico continues to solidify its role as a key player in the global automotive industry, the market is poised for sustained growth, fuelled by both production and export needs. In conclusion, Mexico and Canada are key drivers of growth in the market, supported by expanding automotive production, the shift towards electric and hybrid vehicles, and government initiatives promoting sustainability.
The US market dominated the North America Automotive Electric Fuel Pumps Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.08 billion by 2031. The Canada market is experiencing a CAGR of 7.5% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 6.6% during 2024-2031.
The automotive industry has undergone significant advancements over the past several decades, with one of the most pivotal changes being the development of electric fuel pumps. These pumps have become crucial in modern vehicles, providing efficient fuel delivery systems for internal combustion engines, hybrid vehicles, and electric vehicles (EVs).
Electric fuel pumps are designed to replace mechanical pumps, which were once the norm in automotive fuel systems. Mechanical pumps were often less efficient and could cause issues with fuel flow. On the other hand, electric fuel pumps offer a range of advantages, such as improved fuel efficiency, better engine performance, and increased reliability.
Mexico’s position as the seventh-largest passenger car producer in the world, coupled with its robust export sector, significantly impacts the market. With 3.5 million cars produced annually and 88% exported, primarily to the United States, the demand for high-quality automotive components, including electric fuel pumps, is rising. As the automotive manufacturing sector in Mexico continues to grow, the need for advanced fuel systems, especially electric fuel pumps, becomes more critical. The large proportion of exports to the U.S., home to a growing electric vehicle (EV) industry, creates a favourable environment for adopting electric fuel pumps in both traditional and hybrid vehicles. Furthermore, expanding Mexico’s automotive manufacturing capabilities attracts global suppliers to establish production facilities and partnerships. As Mexico continues to solidify its role as a key player in the global automotive industry, the market is poised for sustained growth, fuelled by both production and export needs. In conclusion, Mexico and Canada are key drivers of growth in the market, supported by expanding automotive production, the shift towards electric and hybrid vehicles, and government initiatives promoting sustainability.
List of Key Companies Profiled
- Aptiv PLC
- Continental AG
- Denso Corporation
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Hitachi, Ltd.
- Aisin Corporation (Toyota Motor Corporation)
- Visteon Corporation
Market Report Segmentation
By Product
- Brushed DC
- Brushless DC
By Technology
- Turbine style
- Sliding Vane
- Roller Vane
By Application
- LCVs
- Cars
- HCVs
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Automotive Electric Fuel Pumps Market by Product
Chapter 6. North America Automotive Electric Fuel Pumps Market by Technology
Chapter 7. North America Automotive Electric Fuel Pumps Market by Application
Chapter 8. North America Automotive Electric Fuel Pumps Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Aptiv PLC
- Continental AG
- Denso Corporation
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Hitachi, Ltd.
- Aisin Corporation (Toyota Motor Corporation)
- Visteon Corporation
Methodology
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