Automotive Pumps Market

Automotive Pumps Market Size (2023-2028):

The Global Automotive Pumps Market was worth US$ 15.25 billion in 2022 and is anticipated to reach a valuation of US$ 18.64 billion by 2028 and is predicted to register a CAGR of 4.10% during 2023-2028.

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. 

Market Drivers:

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.

Market Restraints:

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.

Market Recent Developments:

• Delphi Product & Service Solutions reports 137 latest fuel modules and seven latest electric fuel pumps covering more than 13.9 million automobiles that include Ford, Chrysler, Dodge, Chevrolet, Mercedes-Benz, Volvo, Toyota, Nissan, and Hyundai applications from 1985 to 2015. 
• Delphi Product & Service Solutions (DPSS) propelled a progression of first-to-showcase fuel pump SKUs in January. With this discharge, Delphi – known among specialists for its quality fuel items – presently provides the most recent applications to give more inclusion across more vehicle makes, models, and years. 
• The reduced price and increased productivity of electric pumps provide an environmentally amicable option in contrast to mechanical counterparts. Aisin Seki Co., Ltd has now effectively built up a little, less expensive electric cooling pump through some compelling efficiency advancements. 

AUTOMOTIVE PUMPS MARKET REPORT COVERAGE:

Market Segmentation:

Automotive Pumps Market - By Type:

• Fuel pump
• Fuel injection pump
• Water pump
• Windshield pump
• Steering pump
• Transmission oil pump
• Vacuum pump
• Headlight washer pump

The fuel injection pump segment is likely to expand with an outstanding share in the coming years due to the increased adoption in vehicle manufacturers.

Automotive Pumps Market - By Electric Vehicle Type:

• BEV
• FCEV
• HEV
• PHEV

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.

Automotive Pumps Market - By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

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.

Automotive Pumps Market - By Technology:

• Electric
• Mechanical

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.

Automotive Pumps Market - By Displacement:

• Variable displacement
• Fixed displacement

Automotive Pumps Market - By Off-highway Vehicles:

• Construction Equipment
• Mining Equipment

Market Reginal Analysis:

The Global Automotive Pumps Market Report includes the segmentation of regions:

• North America - U.S., Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

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.

Market Key Players:

1. Delphi Automotive
2. Aisin Seiki
3. Denso Corporation
4. Robert Bosch Gmbh
5. Johnson Electric
6. KSPG AG-A- Rheinmetall
7. Mikuni Corporation
8. Magna International
9. TRW Automotive
10. SHW AG