Global Automotive Water Pump Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Water Pump Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Automobile water pump is the core component of automobile engine cooling system, which is used to cool automobile engine. According to the different driving methods, it can be divided into mechanical water pumps and electronic water pumps. The former is more common, while the latter is mainly used for new energy vehicles and some high-end vehicles.

Market Overview:

The latest research study on the global Automotive Water Pump market finds that the global Automotive Water Pump market reached a value of USD 2294.3 million in 2022. It’s expected that the market will achieve USD 2799.09 million by 2028, exhibiting a CAGR of 3.37% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the automotive water pump industry will involve all entities in the industry chain. The company's management efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined.

Europe, North America and China are the main consumers of automotive water pumps. Since Europe, North America and China are also the hardest hit areas of COVID-19, they have seriously affected the production and sales of automotive water pumps. Due to the outbreak of COVID-19, logistics operations are not smooth, so the automotive water pump market is facing greater pressure. At the same time, the uncertainty of the global epidemic will further strengthen the control measures of various countries, and the operating efficiency of affiliated companies is much worse than in the past.

Downstream demand drops in a short time

For the automotive pump market, the most direct impact is undoubtedly the sharp decline in sales in recent months. Because of the greater risk of infection with COVID-19, people prefer to stay in a safe place and reduce the number of trips. Therefore, the demand for automobile travel is reduced, the demand for automobiles is reduced, and the demand for automobile water pumps is naturally reduced.

Decline in global car sales

As global economic growth slows, global car sales also decline. Most importantly, sales in China, the worlds largest car market, have been weak. Various factors such as the uncertainty of import tariffs, the continuous increase in refined oil prices and the implementation of emission standards in some regions have caused consumer consumption to decline. As consumers delayed purchases, a decline in global car sales is inevitable. The decline in global car sales is a challenge for automotive water pumps.

Increased emission standards, strong demand for fuel-efficient vehicles

In the context of automobile energy saving and emission reduction, the demand for improved fuel consumption and vehicle performance is increasing, and the demand in the global automotive water pump market is expected to increase further. Manufacturers reducing the weight of automotive electric water pumps are also expected to increase their demand. The high demand for fuel-efficient vehicles may be another factor in increasing the sales of automotive water pumps in the global market. While the government implements strict emission standards, advanced car pumps are needed to control car emissions, which will increase the sales of car water pumps.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:

Xibeng is one of the major players operating in the Automotive Water Pump market, holding a share of 5.36% in 2022.

Xibeng

Built in 1952, Xibeng is the main production base of auto parts in China. Its leading products are automotive water pumps, engine intake and exhaust manifolds, turbocharger scrolls, and electronic pumps.

Aisin Seiki

Aisin Seiki manufactures motor vehicle parts such as transmissions, clutches, disc brakes, ABS, suspensions, oil pumps, power windows, and power door locks. The Company has sales and production subsidiaries worldwide. Aisin Seiki also produces household appliances such as sewing machines.

Segmentation Overview:

As for product types, the Mechanical Water Pump segment held the largest market share in 2021.

Mechanical Water Pump

The structure of the mechanical water pump is driven by the engine. It is simple, has a large displacement, and its price is lower than that of the electronic water pump. It is mainly used in medium and low-end automobiles.

Electric Water Pump

The electronic water pump is driven by a motor, with small size, light weight, high reliability, no noise, long service life, precise control of cooling effect, rapid warm-up, low liquid flow rate, and saving fuel consumption power. Mainly used in new energy vehicles, high-end models of traditional engines, turbocharged engine models.

Application Overview:

By application, the Passenger Car segment occupied the biggest share from 2017 to 2022.

Passenger Car

A passenger car is a car that is mainly used to carry passengers and their carry-on luggage or temporary items in terms of their design and technical characteristics, and no more than 9 seats including the driver's seat.

Commercial Vehicle

Commercial vehicles are automobiles that are used to transport people and goods in terms of design and technical characteristics. Commercial vehicles include all cargo cars and passenger cars with more than 9 seats, including passenger cars, trucks, semi-trailers and so on.

Key Companies in the global Automotive Water Pump market covered in Chapter 3:

Hanon Systems
Schaeffler
Bosch
Mahle
Denso Corp.
Valeo
Edelbrock
ACDelco
Fawer
Xibeng
Gates Corporation
Aisin Seiki
Rheinmetall Automotive
US Motor Works, LLC.
Longji Group.
GMB Corporation
Jung Woo Auto
Continental
Sheng Long
Johnson electric

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Water Pump market from 2018 to 2029 is primarily split into:

Mechanical Water Pump
Electric Water Pump

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Water Pump market from 2018 to 2029 covers:

Passenger Car
Commercial Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)