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The automotive pump market size is forecast to increase by USD 3.49 billion, at a CAGR of 4.14% between 2023 and 2028. The market size. Market growth hinges on various factors, including the burgeoning automotive industry in emerging economies, rising sales of electronic fuel-injected vehicles, and the implementation of new or enhanced vehicle emission standards. These dynamics propel the demand for automotive components and technologies, shaping the trajectory of the market. As emerging economies expand their automotive sectors and regulatory frameworks evolve globally, the market witnesses significant opportunities for growth and innovation, reflecting the ongoing evolution of the automotive industry. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The market is integral to maintaining the smooth circulation of fluids within vehicles, and optimizing their operational performance. It caters to various stakeholders in the automotive industry, ensuring the seamless integration of pumps into vehicle production despite occasional supply disruptions. With stringent carbon emission norms imposed by governments worldwide, the market is witnessing significant development in pump technologies. Innovations like engine downsizing, turbochargers, and direct injection technology are enhancing the efficiency of gasoline and diesel engines, reducing emissions. This presents lucrative business opportunities for Original Equipment Manufacturers (OEMs) and other industry players, driven by the pursuit of fuel efficiency and compliance with emission standards. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growth of the automotive industry in emerging economies is the key factor notably driving market growth. The growth of per capita income in emerging economies is a result of increased economic activity. Cities serve as the hub for economic growth, so rising economic development has fueled the expansion of big cities and urbanization. According to, governments in the majority of cities in developing economies are unable to meet the population's expanding demand for public transportation due to population growth and a dearth of transportation infrastructure.
Additionally, a rise in the sales of heavy commercial vehicles for logistics in emerging economies has been attributed to the railways' inability to provide last-mile connectivity as well as the rising popularity of e-commerce websites. The development of the automotive industry in emerging economies will be a key factor influencing the global market during the forecast period because automotive pumps are essential to the effective operation of automotive engines like gasoline, and diesel engines. Moreover, advancements in engine downsizing, turbochargers, superchargers, and direct injection technology are reshaping the automotive industry, offering opportunities for business growth and helping meet emission norms set by governments across countries.
Developments in the field of hydrocarbon evaporation control systems are an emerging trend in market growth. Environmental pollution reduction is becoming a major priority for the global automotive industry. As a result, various parties involved in the automotive value chain as well as institutions and government councils are working to create an automotive sector that is environmentally sustainable. As a result, automotive technologies and systems advance and innovate, minimizing negative environmental effects.
Moreover, to reduce evaporative hydrocarbon emissions, the electric pump is made to remove the air that contains hydrocarbons from the canister. The compact and lightweight Active Purge Pump has an effective brushless direct current (BLDC) motor. It can be activated and used on demand depending on the user. By incorporating cutting-edge algorithms, the primary function of the Active Purge Pump can be improved while adding new features to accommodate future demands. Thus, developments in hydrocarbon evaporation control systems are a major trend for the growth of the market during the forecast period.
The increasing demand for hybrid and electric vehicles is a major challenge impeding market expansion. Government organizations promote hybrid and electric vehicles due to the rise in air pollution brought on by an increase in ICE-based vehicles and the non-renewable nature of petroleum-based fuels. During the forecast period, demand for automotive pumps, such as fuel pumps, water pumps, gear pumps, and oil pumps, will decline as hybrid and electric vehicle sales rise and investments in ICE vehicles, which use automotive pumps, decline.
Moreover, the use of electric and hybrid vehicles is actively being promoted by government organizations in the EU and developed nations like the US and Japan. The sale of ICE-based vehicles will be prohibited in the Netherlands, Norway, and Germany by 2025, respectively. Similar measures to outlaw the sale of ICE-powered vehicles by 2040 have been announced in the UK and France. Therefore, during the forecast period, the rising demand for hybrid and electric vehicles will pose a significant barrier to the growth of the market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The mechanical segment is estimated to witness significant growth during the forecast period. Mechanical pumps are positive displacement pumps that use automated means to create fluid flow. It is typically used to pump fuel or coolant. Fuel pumps are an essential component of an automobile fuel system. Mechanical fuel pumps use a lever to create suction that draws fuel from the tank and sends it to the carburetor or fuel injection system.
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The mechanical segment was the largest segment and was valued at USD 8.06 billion in 2018. Furthermore, there are two types of mechanical pumps such as: Low-pressure mechanical pumps: Low-pressure pumps mean they can only produce flow at low pressures. The pump will no longer create flow if the outlet pressure becomes too high. Mechanical pumps play a crucial role in the proper functioning of an automotive engine and various other systems. Such benefits of mechanical pumps are expected to increase their demand in the automotive industry. Thus, the growth of the mechanical segment in the market is expected to grow during the forecast period.
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Europe is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The European market is expected to post a moderate growth rate during the forecast period. Germany, France, Italy, Spain, and the UK are the major contributors to the automotive pump market in Europe. These countries find a high uptake of advanced fuel injection systems in vehicles and enforce strict emission regulations.
Additionally, Europe is one of the leading regions in developing advanced automotive technologies. The penetration of electric cars is increasing in the region, which is one of the key factors limiting the growth of the European automotive pump market; most automotive pumps can only be used in vehicles with internal combustion engines (ICEs). Further, technological advances in automotive components, electrifying mechanical parts, and the high demand for optimal drive technologies have pushed automakers to integrate advanced fuel injection systems and drive train technologies.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The global automotive pumps market is driven by mechanical action enhancing vehicle's operational performance. It caters to automotive stakeholders including automotive OEMs who adopt upgraded technologies for both small engines and renowned brands like Mercedes-Benz and BMW cars featuring 4-cylinder engine and 6-cylinder engine variants. With a focus on sustainability, the market addresses concerns over harmful gases in urban areas through compliance with stringent emission norms set by regulatory bodies like the world health organization (WHO) and the environment protection agency (EPA) in the United States. Advancements in electric pumps and Electric Water Pumps (EWPs) cater to the rising demand for battery electric vehicles and facilitate electrification in the European passenger car market.
Furthermore, the market caters to various segments, including the automotive fuel injection pump market for conventional fuel vehicles. With a focus on cost efficiency, it integrates advanced electronic components, sensors, microcontrollers, and actuators to optimize performance. Both mechanical components like drive belts and camshaft, and advanced technologies support diverse Vehicle Types such as the Passenger car segment and the light commercial vehicle segment. As concerns over pollution levels rise, the market addresses challenges posed by gasoline or diesel vehicles through innovations in EV technologies, particularly in Megacities, while also exploring aftermarket potential and enhancing On-board diagnostics (OBD) capabilities.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.14% |
Market growth 2024-2028 |
USD 3.49 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.7 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 38% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bapcor Ltd., BorgWarner Inc., Carter Fuel Systems LLC, CHIESI Farmaceutici SpA, Concentric AB, Continental AG, Cummins Inc., DENSO Corp., GMB CORP., Hitachi Ltd., Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Pricol Ltd., Rheinmetall AG, Robert Bosch GmbH, SHW AG, Stellantis NV, TI Fluid Systems Plc, Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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