Global Automotive Pump Market Size study, 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) and Reg

Global Automotive Pump Market Size study, 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) and Regional Forecasts 2022-2032

The Global Automotive Pump Market was valued at approximately USD 17.28 billion in 2023 and is projected to experience a steady growth rate of 5.38% over the forecast period from 2024 to 2032. Automotive pumps are essential components in vehicles, facilitating the transfer and movement of fluids within various systems, thereby ensuring the efficient operation of components such as engines. The market includes different types of pumps like fuel pumps, water pumps, vacuum pumps, and fuel injection pumps, among others. Modern vehicles are increasingly equipped with advanced technologies and intelligent features that meet stringent safety, quality, emission, and performance standards. This has led to a higher incorporation of sophisticated systems such as power steering, gasoline direct injection, turbochargers, and automatic transmissions, all of which require efficient pumps to maintain vehicle performance. This trend is expected to drive the growth of the automotive pump market during the forecast period.

Moreover, the surge in vehicle production and sales, coupled with growing urbanization and infrastructure development, further fuels the demand for automotive pumps. The demand for hybrid electric vehicles is anticipated to grow robustly due to increasing environmental concerns and fuel-saving needs. Technological advancements have also led to the development of hybrid vehicle technologies for larger vehicles, thereby driving the growth of automotive pumps. The market is also propelled by the rising fleet of electric and hybrid vehicles and stringent government regulations on emissions. However, fluctuations in raw material prices pose a significant challenge. Despite this, technological advancements in automotive pumps and the development of autonomous vehicles present lucrative opportunities for market expansion.

The key regions considered for the Automotive Pump Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is expected to maintain its lead in the market and projected to grow significantly during the forecast period 2024-2032. Asia Pacific countries such as China, Japan, South Korea, and India, serves as a major manufacturing hub for automotive components, including pumps. The region accounts for a significant portion of global vehicle production, driving substantial demand for automotive pumps. Factors such as technological advancements in automotive engineering, increasing vehicle production, and the integration of advanced pumping systems contribute to market growth. Asia Pacific manufacturers produce a wide range of automotive pumps, including fuel pumps, water pumps, oil pumps, and transmission pumps, catering to both domestic and export markets.

Major market players included in this report are:

Aisin Seiki Co., Ltd.

Delphi Automotive LLP

Denso Corporation

Johnson Electric Holdings Limited

Robert Bosch GmbH

Magna International Inc.

TRW Automotive

SHW AG

Continental AG

Hitachi Automotive Systems Ltd.

Rheinmetall Automotive AG

Mikuni Corporation

Pricol Limited

Melling Tool Company

Valeo SA

The detailed segments and sub-segment of the market are explained below:

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

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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