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Electric Coolant Pump for Passenger Cars Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 141
  • SKU: IRTNTR70183
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Based on Technavio's market sizing methodology, the electric coolant pump for passenger cars market size is predicted to surge to USD 12.93 billion from 2021 to 2026 at a CAGR of 15.24%.

This electric coolant pump for passenger cars market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The electric coolant pump for passenger cars market report also offers information on several market vendors, including Aisin Corp., AVID Technology Ltd., Buhler Motor GmbH, Continental AG, Davies Craig Pty Ltd., Gates Industrial Corp. Plc, GMB Co. Ltd., Hanon Systems, HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., MAHLE GmbH, Mikuni Corp., Nidec Corp., Rheinmetall AG, Robert Bosch GmbH, SANHUA Automotive, Sogefi Spa, TBK Co. Ltd., Valeo SA, and VOVYO TECHNOLOGY Co. Ltd. among others.

This report extensively covers electric coolant pump for passenger cars market segmentation by the following:

  • Application - ICE powertrain and Hybrid and electric powertrain
  • Geography - Europe, APAC, North America, South America, and Middle East and Africa

What will the Electric Coolant Pump for Passenger Cars Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Electric Coolant Pump for Passenger Cars Market Size for the forecast Period and Other Important Statistics

 

Electric Coolant Pump for Passenger Cars Market: Key Drivers, Trends, and Challenges

The rapid electrification of mechanical components is notably driving the electric coolant pump for passenger cars market growth, although factors such as recalls due to faulty electric coolant pumps may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric coolant pump for passenger cars industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Coolant Pump for Passenger Cars Market Driver

One of the key factors driving growth in the electric coolant pump for passenger cars market is the rapid electrification of mechanical components. Technological advances in the automotive industry are replacing mechanical components with electronic components as they are more efficient and capable of handling higher complexities than conventional components. for instance, the conventional ICE is integrated with electronic components and controlled with the help of the engine management system. Similarly, hydraulic power steering is being replaced with electric power steering. Also, advances in the transmission system are increasing the adoption of automatic transmission vehicles. These types of electrification in the automotive market, especially in the passenger cars segment, are being widely accepted and witnessing high adoption. In addition to these developments, the growing need to reduce vehicular emissions is compelling vehicle manufacturers to implement advancements in powertrain components. However, it is expected to drive the demand for electric coolant pump markets, thereby driving the global electric coolant pump market for the passenger cars during the forecast period.

Key Electric Coolant Pump for Passenger Cars Market Trend

The improvements in the automotive electric pump market system is a key electric coolant pump for passenger cars market trend that is expected to have a positive impact in the coming years. The prime concentration of vehicle manufacturers is one of the developments of the automotive system to improve the safety, comfort, and performance of the vehicle. With the advent of EVs, the majority of the developments are for EVs related parts and components. for instance, Tesla Inc. (Tesla) has developed an electric pump system that can monitor and report the condition of the oil used as a lubricant in vehicles. This electric pump by Tesla is more compact than other traditional electric oil pumps and has higher accuracy in determining the oil temperature. These improvements in the electric pumps used in EVs are likely to be incorporated in ICE vehicles, mainly the passenger cars segment. This is expected to positively impact the global electric coolant pump for passenger cars market during the forecast period.

Key Electric Coolant Pump for Passenger Cars Market Challenge

The product recalls due to faulty electric coolant pumps will be a major challenge for the electric coolant pump for passenger cars market. Defective products or potential system failures in vehicles can lead to product recalls by vehicle manufacturers. Due to this, vehicle manufacturers had to bear the complete cost of a product recall. for instance, in 2018, BMW recalled about 48,000 vehicles that were potentially equipped with defective electric auxiliary coolant pumps. The affected vehicles had ECU-driven electric auxiliary coolant pumps that could overheat at high engine speeds, mainly the circuit boards installed with these components were prone to overheating because of a critical flaw in the design. Similarly, AUDI AG (AUDI) recalled more than 1 million vehicles in 2018 due to faulty electric coolant pumps that had the potential to overheat and start firing. Such vehicle recalls due to defective electric coolant pumps or potential failure of electric coolant pumps are likely to challenge the growth of the global electric coolant pump for passenger cars market during the forecast period.

This electric coolant pump for passenger cars market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electric coolant pump for passenger cars market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric coolant pump for passenger cars market during the forecast period.

Who are the Major Electric Coolant Pump for Passenger Cars Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aisin Corp.
  • AVID Technology Ltd.
  • Buhler Motor GmbH
  • Continental AG
  • Davies Craig Pty Ltd.
  • Gates Industrial Corp. Plc
  • GMB Co. Ltd.
  • Hanon Systems
  • HELLA GmbH and Co. KG
  • Johnson Electric Holdings Ltd.
  • MAHLE GmbH
  • Mikuni Corp.
  • Nidec Corp.
  • Rheinmetall AG
  • Robert Bosch GmbH
  • SANHUA Automotive
  • Sogefi Spa
  • TBK Co. Ltd.
  • Valeo SA
  • VOVYO TECHNOLOGY Co. Ltd.

 

This statistical study of the electric coolant pump for passenger cars market encompasses successful business strategies deployed by the key vendors. The electric coolant pump for passenger cars market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • aisin.com - The company offers electric water pump which increases fuel efficiency for hybrid vehicles, improving fuel consumption and extending engine life by reducing mechanical and thermal stress.

  • aisin.com - The AISIN Seiki Group segment manufactures automotive parts, lifestyle and energy-related products, construction and engineering-related products, and oils.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric coolant pump for passenger cars market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Coolant Pump for Passenger Cars Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric coolant pump for passenger cars market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric Coolant Pump for Passenger Cars Market?

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43% of the market’s growth will originate from Europe during the forecast period. Germany, France, and UK are the key markets for electric coolant pump for passenger cars in Europe. Market growth in this region will be slower than the growth of the market in other regions.

The growing demand for ICE-based luxury cars will facilitate the electric coolant pump for passenger cars market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Despite the outbreak of the COVID-19 pandemic, governments in Europe have maintained strict regulations on CO2 emissions, with a target of 95 grams of CO2 per kilometer by 2021. Many major Europe-based automotive OEMs have publicly committed to reaching this target and have rolled out many new models of EVs. This indicates that EV sales in the region increased despite the pandemic in 2020, and they are expected to increase during the forecast period. These factors are expected to drive the growth of the electric coolant pump for passenger cars market in the region during the forecast period.

What are the Revenue-generating Application Segments in the Electric Coolant Pump for Passenger Cars Market?

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The electric coolant pump for passenger cars market share growth by the ICE powertrain segment will be significant during the forecast period. The ICE powertrain segment of the global electric coolant pump market for passenger cars includes both gasoline- and diesel-powered passenger cars.  The revenue in the global electric coolant pump market for passenger cars in the ICE powertrain segment is only generated from luxury cars such as BMW 5 Series, BMW 7 Series, AUDI A4, and AUDI A6. The adoption of electric coolant pumps is expected to increase in luxury passenger cars during the forecast period owing to its wide benefits in terms of fuel efficiency and emission.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric coolant pump for passenger cars market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Coolant Pump for Passenger Cars Market Scope

Report Coverage

Details

Page number

120

Base year

2021

forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.24%

Market growth 2022-2026

$ 12.93 billion

Market structure

Fragmented

YoY growth (%)

15.06

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

Europe at 43%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aisin Corp., AVID Technology Ltd., Buhler Motor GmbH, Continental AG, Davies Craig Pty Ltd., Gates Industrial Corp. Plc, GMB Co. Ltd., Hanon Systems, HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., MAHLE GmbH, Mikuni Corp., Nidec Corp., Rheinmetall AG, Robert Bosch GmbH, SANHUA Automotive, Sogefi Spa, TBK Co. Ltd., Valeo SA, and VOVYO TECHNOLOGY Co. Ltd.

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 the forecast period

Customization purview

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What are the Key Data Covered in this Electric Coolant Pump for Passenger Cars Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric coolant pump for passenger cars market growth during the next five years
  • Precise estimation of the electric coolant pump for passenger cars market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric coolant pump for passenger cars industry across Europe, APAC, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric coolant pump for passenger cars market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 ICE powertrain - Market size and forecast 2021-2026
      • Exhibit 28: Chart on ICE powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on ICE powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on ICE powertrain - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on ICE powertrain - Year-over-year growth 2021-2026 (%)
    • 5.4 Hybrid and electric powertrain - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Hybrid and electric powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Hybrid and electric powertrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Hybrid and electric powertrain - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Hybrid and electric powertrain - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 70: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Aisin Corp.
              • Exhibit 89: Aisin Corp. - Overview
              • Exhibit 90: Aisin Corp. - Business segments
              • Exhibit 91: Aisin Corp. - Key offerings
              • Exhibit 92: Aisin Corp. - Segment focus
            • 10.4 AVID Technology Ltd.
              • Exhibit 93: AVID Technology Ltd. - Overview
              • Exhibit 94: AVID Technology Ltd. - Product / Service
              • Exhibit 95: AVID Technology Ltd. - Key offerings
            • 10.5 Buhler Motor GmbH
              • Exhibit 96: Buhler Motor GmbH - Overview
              • Exhibit 97: Buhler Motor GmbH - Product / Service
              • Exhibit 98: Buhler Motor GmbH - Key news
              • Exhibit 99: Buhler Motor GmbH - Key offerings
            • 10.6 Continental AG
              • Exhibit 100: Continental AG - Overview
              • Exhibit 101: Continental AG - Business segments
              • Exhibit 102: Continental AG - Key news
              • Exhibit 103: Continental AG - Key offerings
              • Exhibit 104: Continental AG - Segment focus
            • 10.7 Davies Craig Pty Ltd.
              • Exhibit 105: Davies Craig Pty Ltd. - Overview
              • Exhibit 106: Davies Craig Pty Ltd. - Product / Service
              • Exhibit 107: Davies Craig Pty Ltd. - Key offerings
            • 10.8 Gates Industrial Corp. Plc
              • Exhibit 108: Gates Industrial Corp. Plc - Overview
              • Exhibit 109: Gates Industrial Corp. Plc - Business segments
              • Exhibit 110: Gates Industrial Corp. Plc - Key offerings
              • Exhibit 111: Gates Industrial Corp. Plc - Segment focus
            • 10.9 GMB Co. Ltd.
              • Exhibit 112: GMB Co. Ltd. - Overview
              • Exhibit 113: GMB Co. Ltd. - Business segments
              • Exhibit 114: GMB Co. Ltd. - Key offerings
              • Exhibit 115: GMB Co. Ltd. - Segment focus
            • 10.10 Hanon Systems
              • Exhibit 116: Hanon Systems - Overview
              • Exhibit 117: Hanon Systems - Business segments
              • Exhibit 118: Hanon Systems - Key offerings
              • Exhibit 119: Hanon Systems - Segment focus
            • 10.11 HELLA GmbH and Co. KG
              • Exhibit 120: HELLA GmbH and Co. KG - Overview
              • Exhibit 121: HELLA GmbH and Co. KG - Business segments
              • Exhibit 122: HELLA GmbH and Co. KG - Key offerings
              • Exhibit 123: HELLA GmbH and Co. KG - Segment focus
            • 10.12 Johnson Electric Holdings Ltd.
              • Exhibit 124: Johnson Electric Holdings Ltd. - Overview
              • Exhibit 125: Johnson Electric Holdings Ltd. - Business segments
              • Exhibit 126: Johnson Electric Holdings Ltd. - Key offerings
              • Exhibit 127: Johnson Electric Holdings Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The electric coolant pump for passenger cars market market growth will increase by $$ 12.93 bn during 2023-2026.
              The electric coolant pump for passenger cars market market is expected to grow at a CAGR of 15.24% during 2023-2026.
              Technavio has segmented the electric coolant pump for passenger cars market market by application (ICE powertrain and Hybrid and electric powertrain) ,geography (Europe, APAC, North America, South America, and Middle East and Africa) , and geographic (APAC, Europe, North America, South America, and MEA).
              Aisin Corp., AVID Technology Ltd., Buhler Motor GmbH, Continental AG, Davies Craig Pty Ltd., Gates Industrial Corp. Plc, GMB Co. Ltd., Hanon Systems, HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., MAHLE GmbH, Mikuni Corp., Nidec Corp., Rheinmetall AG, Robert Bosch GmbH, SANHUA Automotive, Sogefi Spa, TBK Co. Ltd., Valeo SA, VOVYO TECHNOLOGY Co. Ltd. are a few of the key vendors in the electric coolant pump for passenger cars market market.
              Europe will register the highest growth rate of 43% among the other regions. Therefore, the electric coolant pump for passenger cars market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the electric coolant pump for passenger cars market market growth are:
              • Rapid electrification of mechanical components
              • Improvements in the automotive electric pump system
              The electric coolant pump for passenger cars market market vendors should focus on grabbing business opportunities from the ice powertrain segment as it accounted for the largest market share in the base year.
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