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The automotive pumps market is witnessing significant trends driven by several factors influencing the automotive industry globally. One prominent trend is the increasing demand for electric vehicles (EVs), leading to a shift in the type of pumps used in vehicles. As the world moves towards sustainable transportation, electric pumps are gaining traction due to their efficiency and compatibility with EV technology. This trend is expected to continue as governments worldwide implement stricter emission regulations, prompting automakers to invest more in electric propulsion systems.
Moreover, there is a growing emphasis on vehicle electrification and the integration of advanced technologies, such as autonomous driving and connectivity features. These advancements require sophisticated pumping systems to support various functions within the vehicle, such as cooling, lubrication, and fuel delivery. As a result, automotive pump manufacturers are focusing on developing innovative solutions that cater to the evolving needs of modern vehicles.
Another significant trend in the automotive pumps market is the increasing adoption of lightweight materials and components. Automakers are constantly seeking ways to reduce vehicle weight to improve fuel efficiency and performance. Lightweight pumps made from materials like aluminum and composite plastics are becoming increasingly popular as they offer the dual benefits of weight reduction and durability. Additionally, lightweight pumps contribute to overall vehicle efficiency by minimizing energy consumption and maximizing power output.
Furthermore, the growing demand for fuel-efficient vehicles is driving the development of advanced fuel pump technologies. With fuel efficiency becoming a key differentiator in the automotive industry, manufacturers are investing in research and development to enhance the performance of fuel pumps. Direct injection systems, turbocharged engines, and hybrid powertrains require high-pressure fuel pumps capable of delivering precise amounts of fuel to optimize combustion efficiency. As a result, there is a rising demand for high-performance fuel pumps that can meet the requirements of modern engine designs.
In addition to technological advancements, market trends in the automotive pumps sector are also influenced by changing consumer preferences and purchasing behaviors. Consumers are increasingly prioritizing factors such as reliability, durability, and cost-effectiveness when choosing vehicles. This shift in consumer mindset is prompting automakers to collaborate with pump suppliers to develop products that meet these criteria. As a result, there is a growing focus on producing pumps that offer superior performance, longevity, and value for money.
Moreover, the globalization of the automotive industry is impacting market trends in the pumps segment. As automotive manufacturers expand their operations into emerging markets, there is a growing demand for pumps that can withstand diverse operating conditions and environmental factors. This has led to an increased emphasis on developing pumps with robust designs and versatile capabilities to cater to the needs of different regions and climates.
In conclusion, the automotive pumps market is witnessing several notable trends driven by technological advancements, changing consumer preferences, and global market dynamics. The shift towards electric vehicles, the adoption of lightweight materials, the development of advanced fuel pump technologies, and the focus on reliability and durability are shaping the future of this industry. As automotive manufacturers continue to innovate and adapt to evolving trends, the demand for efficient and high-performance pumps is expected to remain strong in the years to come.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Growing automotive production globally |
| Market Dynamics | Wider scope of use for pumps with development in technology |
Automotive Pumps Market Highlights:
Automotive Pumps Market Overview:
The Automotive Pumps Industry is projected to grow from USD 12.13 Billion in 2024 to USD 16.08 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.58% during the forecast period (2024 - 2032). The automotive pumps market size was valued at USD 11.66 Billion in 2023. The growing implementation of stringent environmental regulations, rising vehicle production and demand, and increasing vehicle electrification are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Pumps Market Trends
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The increasing trend of engine downsizing is driving the market growth
Market CAGR for automotive pumps is driven by the rising trend of engine downsizing. OEMs are majorly concentrating on utilizing small engines with energy equal to or greater than present ones. Smaller engines support decrease the overall significance of the vehicle and, thus, enhance fuel efficiency in gasoline and diesel engines. For instance, most of the Mercedes-Benz and BMW automobiles manufactured now a days are fitted with a 4-cylinder engine rather of a 6-cylinder engine. A 4-cylinder engine improves the pressure needed in the engine to deliver the same power as a extensive engine with better efficiency. OEMs are also trying to downsize the engine to complete the emission standards set by governments. The downsizing of the engine is anticipated to develop new business possibilities for the market over the forecast period.
The growing need for environmentally friendly solutions has also forced producers to promote effective pumps. Several automobile systems need pumps, including steering, cooling, transmission, fuel, and oil. Expanding vehicle production, increasing vehicle jolt, developing environmental regulations' execution, and expanding the use of advanced automotive innovations like direct gas injection and programmed transmission are market-driving factors.
The automotive pumps are witnessing an increase in demand owing to the rising vehicle production, growing execution of environmental regulations, rising vehicle electrification, and the increasing integration of advanced automation techniques, including automatic transmission and gasoline turbocharged direct injection into vehicles which require dedicated automotive pumps for effective operation. Changing lifestyles and increasing urbanization have fueled the development of the automotive, driving the automotive pump market further. Furthermore, modern vehicles are prepared with smart technology and components that satisfy the latest emission, quality, security and performance standards, expanding the market's growth.
Moreover, the growth of automotive pumps market revenue is owing to a growing fleet of electric and hybrid vehicles, increased consumer spending, favorable regulatory frameworks, and the development of EV technologies, including full battery-electric and plug-in hybrid electric models. In 2020, consumer spending on electric vehicle purchases reached US$ 120 billion, and governments worldwide allocated US$ 14 billion to support electric vehicle sales, representing a 25% increase from 2019.
Automotive Pumps Market Segment Insights:
Automotive Pumps Product Insights
The automotive pumps market segmentation, based on product, includes fuel pumps, oil pumps, steering pumps, water pumps, fuel injection pumps, and others. The fuel pumps segment dominated the market, accounting for 35% of market revenue (4.1 Billion). Well-organized delivery of power from the fuel tank to the engine is essential to the very functioning of an car. Fuel pumps are therefore an essential automotive technology. However, the fuel injection pump is the fastest-growing category due to the increased demand for fuel-efficient vehicles.
Automotive Pumps Technology Insights
The automotive pumps market segmentation, based on technology, includes mechanical and electrical. The mechanical category generated the most income (70.4%). Mechanical automotive pumps utilize mechanical power to pump the liquid, while electric siphons use electric energy from an engine to pump the liquid. Mechanical pumps, otherwise called geared pumps, are precisely passed through drive belts or the camshaft and get power from a vehicle's motor. However, electrical is the fastest-growing category as electric pumps use electric energy from an engine to pump the liquid.
Automotive Pumps Vehicle Type Insights
The automotive pumps market segmentation, based on vehicle type, includes passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheeler. The passenger cars category generated the most income over the forecast period. This is due to the rising demand for passenger cars in developing countries and the rise in income levels in developing nations. However, light commercial vehicle is the fastest-growing category due to consumers' rising per capita income coupled with the adoption of advanced technologies, including the Advanced Driver Assistance System (ADAS), which is anticipated to accelerate the growth of the auto pump industry.
Figure 1: Automotive pumps market by Vehicle Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Pumps Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific automotive pumps market will dominate owing to the growing stringent emission norms, a paradigm shift of automakers toward vehicle electrification, and the growing demand for commercial vehicles from the logistics and e-commerce industries will boost the market growth in this region. Moreover, China’s Automotive Pumps market held the largest market share, and the Indian Automotive Pumps market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automotive Pumps Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's automotive pump market accounts for the second-largest market share due to the implementation of stringent government regulations on emission levels. As a result, the high sales and production of electric vehicles (EVs) are expected to fuel market growth in this region. Further, the German automotive pumps market held the largest market share, and the UK automotive pumps market was the fastest-growing market in the European region.
The North American Automotive Pumps Market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to the increasing demand for automotive pumps in emerging nations such as India, Souhigh disposable income, th Korea, and China. Moreover, rapid industrialization and high growth of the automotive sector. Further, the US automotive pumps market held the largest market share, and the Canadian automotive pumps market was the fastest-growing market in the North American region.
Automotive Pumps Key Market Players & Competitive Insights
Leading market players are investing a huge amount in R&D to improve their product lines, which will assist the automotive pump market to grow even more. Market participants are also undertaking various strategic activities to enhance their footprint globally, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To survive and expand in a more competitive and rising market climate, the automotive pump industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive pump industry to benefit clients and increase the market sector. Major players in the automotive pumps market, including Continental AG, DENSO CORPORATION, Delphi Auto Parts, Robert Bosch Ltd, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Perkins Engines Company Limited, and others, are attempting to enhance market demand by investing in research and development operations.
Aisin Corp (Aisin), formerly Aisin Seiki Co Ltd, manufactures, develops and sells automobile parts and products related to lifestyle, wellness and energy. The firm offers a huge range of products, including drivetrain, engine-related products, brake and chassis, aftermarket products, sewing machines, beds, gas heat pump products, housing and audio-related equipment, cogeneration system, and among others. The company also carries out the processing of fiber lasers. Aisin provides a wide range of products covering approximately all automotive components. In December 2020, Aisin Corporation expanded its production system for electrification products -Aisin Tohoku to begin producing small and medium-sized motor products, mainly electric water pumps, in 2022. The electric water pumps to be newly produced are a product that contributes to the fuel efficiency of vehicles through thermal management, such as battery temperature control, for the maximized performance of components in hybrid electric vehicles and electric vehicles.
Robert Bosch GmbH, a subsidiary of Robert Bosch Stiftung GmbH, is a supplier of technology and services. The firm offers various products and solutions, such as auto parts and accessories, motor vehicle technology, eBike systems, household appliances, security systems, solar inverters, packaging technology, and industry and business process management solutions. In February 2019, Robert Bosch GmbH established an electric coolant pump, ECP 160. The coolant discharge of the pump can be controlled according to engine needs and can provide up to 14,700 liters per hour on need. The ECP 160 is scheduled to substitute mechanical pumps in combustion engines but can work in other applications, such as batteries, electric motors, or inverter cooling.
Key Companies in the Automotive Pumps market include
- JTEKT Corporation
- ZF TRW Automotive Holdings Corp.
- Aisin Seiki Co. Ltd.
- WABCO Holdings, Inc.
- Concentric AB
- TI Automotive Ltd.
- Continental AG
- SHW AG
- Delphi Automotive LLP
- Pricol Ltd.
- DENSO Corporation
- Robert Bosch GmbH
- HELLA KGaA Hueck & Co.
- Magneti Marelli S.p.A
- Hitachi Automotive Systems, Ltd.
- Magna International Inc.
- Johnson Electric Holdings Limited,
- KSPG AG.
Automotive Pumps Industry Developments
DataTouch LLC has introduced the Data Pump Manager, a novel technological solution that grants authority over software data pumps installed on shop computer systems, for commercial distribution in April 2024. The purpose of the Data Pump Manager is to furnish each service provider with only the accurate estimate and required repair information for the purpose of conducting business. The purpose of the Data Pump Manager is to furnish each service provider with only the accurate estimate and required repair information for the purpose of conducting business.
Data processors that are installed on a retail computer system lack the ability to regulate the duplication of estimates that are pertinent to the transaction. Generally, each data pump that is installed replicates each estimate generated by the shop through the utilization of the estimating system software. Data Analyzer assists collision repair shops in determining which PCs are operating data pumps. Data Auditor assists in determining which data is being deleted from store computer systems and on what frequency. By utilizing VINAnonymize, the vehicle information of the client is obscured from vehicle history reporting services like Carfax and AutoCheck.
Stanadyne, a provider of fuel and air management systems, has introduced the 'E-Pump Module,' an electrically powered gasoline direct injection (GDI) fuel pump, in September 2022. This innovation is an integral component of the company's electrification-based fuel delivery system technology strategy. By means of 24-volt and 48-volt vehicle architectures, the E-Pump Module operates independently of the powertrain of the internal combustion engine.
As a result, fuel pressure and flow can be electrically regulated to reduce and optimize fuel consumption; pump speed is no longer dependent on engine revolutions per minute. The scalable, modular, and compact design of the E-Pump incorporates processor and controller that are exclusive to Stanadyne. The pump is versatile in its engine applications and can accommodate fuel systems ranging from 250 to 500 bars. It operates with E10 to E85 and M15 fuels and has a maximum fueling capacity of 1,000 cc per revolution, or 100 litres per hour.
Automotive Pumps Market Segmentation:
Automotive Pumps Product Outlook
- Fuel Pump
- Oil Pump
- Steering Pump
- Water Pump
- Fuel Injection Pump
- Others
Automotive Pumps Technology Outlook
- Mechanical
- Electrical
Global Automotive Pumps Vehicle Type Outlook
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Two Wheeler
Automotive Pumps Regional Outlook
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
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Middle East
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Africa
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Latin America
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