Automotive Pumps Market by Type, Technology (Electric, Mechanical), Displacement, Vehicle Type, Sales Channel (OEM, Aftermarket), EV (BEV, HEV, PHEV, FCEV), Off-Highway Vehicles, Application and Region - Global Forecast to 2027
The global automotive pumps market is projected to grow at a CAGR of 4.1% during the forecast period, to reach USD 18.0 billion by 2027 from an estimated USD 14.8 billion in 2022.
Automotive pumps perform different functions including raising, compressing, or transferring fluids by mechanical action and facilitate circulation of fluids around a system for a vehicle’s operational performance.
The COVID-19 pandemic has become a major concern for automotive stakeholders. Suspension of vehicle production and supply disruptions have brought the automotive industry to a halt. Lower vehicle sales post the pandemic will be a major concern for automotive OEMs for the next few quarters. The automotive pumps market, however, is expected to witness a significant boost in 2022 owing to the carbon emission norms by different countries. Before that, lower vehicle sales and abrupt stoppage in the development of new automotive technologies will result in sluggish growth of the automotive pumps market in 2021.
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COVID-19 impact on automtoive pump market:
Major automotive pump manufacturers such as Aisin Corporation(Japan), Robert Bosch GmbH(Germany), and Continental AG(Germany) had announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in France, Germany, Italy, and Spain during the COVID-19 pandemic. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from OEMs and tier 1 manufacturers.
Market Dynamics:
Driver: Increasing trend of engine downsizing
One of the recent trends in the automotive industry is engine downsizing, which is done by using upgraded technologies such as turbochargers, superchargers, and direct injection technology. OEMs are increasingly focusing on using small engines with power equal to or greater than the existing engines. Smaller engines help decrease the overall weight of the vehicle and, thus, improve fuel efficiency in gasoline and diesel engines. For instance, most of the Mercedes-Benz and BMW cars manufactured today are equipped with a 4-cylinder engine instead of a 6-cylinder engine. A 4-cylinder engine increases the pressure required in the engine to provide the same power as a large engine with better efficiency. OEMs are also attempting to downsize the engine to meet the emission norms set by governments. The downsizing of the engine is expected to create new business opportunities for the automotive fuel injection pump market in the coming years.
Restraint: Anticipated growth of electric vehicles in the coming years
Electric vehicles have emerged as a suitable alternative for conventional fuel vehicles, particularly in urban areas and cities. These vehicles are environment friendly and do not emit harmful gases. Hence, the regulatory bodies of many countries are taking steps to increase the adoption rate of electric vehicles such as battery electric vehicles. The demand for electric vehicles is the highest in the European passenger car market, followed by Asia and North America.
Opportunity: Robust growth in sales of plug- in hybrid electric vehicles
A plug-in hybrid electric vehicle (PHEV) is a type of electric vehicle where the battery can be recharged by plugging a charging cable into an external electric power source along with its on-board internal combustion engine-powered generator. PHEVs are witnessing high penetration into the passenger car segment, but there are also PHEV versions of commercial vehicles and vans, utility trucks, buses, trains, motorcycles, and mopeds. PHEV shares the attributes of an electric vehicle and the traditional internal combustion engine. Growth of this segment is expected to offer lucrative opportunities for the growth of the fuel pumps market as these vehicles have a conventional IC engine where the fuel pump is used to supply fuel from the tank to the engine, which is then injected into the cylinder
Challenges: Increase in the cost of electrification of automotive pumps
The increase in electrification of automotive components has increased the overall cost of the vehicle. The electrification of pump for engine application is done by installing electronic components such as ECUs, sensors, and microcontrollers with actuators. Electrification helps to decrease the weight of a vehicle and meet the stringent emission norms. Although electric components have lesser reliability than mechanical components due to complex high voltage circuits and inductive losses, they provide better performance than mechanical components
By Technology: Mechanical pump is expected to be the largest segment in the automotive pumps market
The mechanical pump is anticipated to be the largest market during the forecast period. Mechanical automotive pumps use mechanical force to pump the fluid, whereas electric pumps utilize electric energy from a motor to pump the fluid. Mechanical pumps, also known as geared pumps, are mechanically driven through drive belts or the camshaft and derive power from the engine of a vehicle. However, the mechanical pump market is expected to grow slowly in the coming years as electrical pumps are increasingly used in place of mechanical pumps to make the automobiles more efficient.
By Vehicle Type: Passenger car segment is expected to dominate the automotive pumps market
The rising sales of passenger cars are driving the growth of this segment during the forecast period. The passenger car segment has the largest market share, in terms of value, in 2020. Hence, the market size, in terms of value, of the passenger car segment is much larger than that of other vehicle segments in the automotive pumps market. The light commercial vehicle segment is expected to witness gradual growth during the forecast period.
The COVID-19 impact on passenger cars displayed a positive response as citizens worldwide are preferring prefer private cars over public transportation.
By Type: Steering pump is estimated to be the largest market during the forecast period
The steering pump segment is expected to dominate the automotive pumps market during the forecast period. Hatchback segment of passenger cars is equipped with a hydraulic steering system whereas commercial vehicles are maneuvered by the same steering system, thereby fueling the growth of the steering pump market. Steering pumps are used in hydraulic and electro-hydraulic power steering systems. However, with advancements in steering systems technology, hydraulic and electro-hydraulic steering systems are getting replaced with Electric Power Steering (EPS) system. The EPS system, which requires an electric motor and sensors, eliminates the need for a steering pump.
Asia Pacific is expected to account for the largest market size during the forecast period
The Asia Pacific region is estimated to be the largest market by 2027. The region comprises some of the fastest developing economies of the world such as China and India. Also, the Asia Pacific region is the largest market for automotive as the growing purchasing power of consumers has triggered the demand for automobiles in the region. Also, the increasing sales of commercial vehicles and passenger cars in the region are driving the growth of the market. Concerns over ecological imbalance caused by vehicle emissions have increased in the past decade in countries such as India, China, Malaysia, and Thailand. These concerns have forced major vehicle manufacturers to shift focus toward low fuel consuming vehicles. Hence, Asia Pacific is expected to show incremental growth in the market during the forecast period. Moreover, the high demand for passenger cars in fast emerging countries of the region is likely to drive the growth of the Asia Pacific market during the forecast period.
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Key Market Players
The major automotive pumps market players include Aisin Corporation (Japan), Denso (Japan), Valeo (France), Continental AG (Germany), Robert Bosch GmbH (Germany)
These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements. For instance, in February-2019, Bosch launched an electric coolant pump, ECP 160. The coolant flow of the pump can be regulated according to engine requirements and can deliver up to 14,700 liters per hour on-demand. The ECP 160 is designed to replace mechanical pumps in combustion engines but can operate in other applications, such as batteries, electric motors, or inverter cooling.
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|
Report Metric |
Details |
|
Market size available for years |
2018–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Type, Vehicle Type, EV, Technology, Displacement, Off-Highway Vehicles, Application, Sales Channel, and Region |
|
Geographies covered |
Asia Pacific, Europe, North America, and Rest of the World |
|
Companies covered |
Aisin Corporation (Japan), Denso (Japan, Robert Bosch GmbH (Germany), Valeo (France), and Continental AG (Germany) |
This research report categorizes the market based on type, vehicle type, EV, technology, displacement, sales channel, off-highway vehicles, application and region.
Based on type:
- Fuel pump
- Fuel injection pump
- Water pump
- Windshield pump
- Steering pump
- Transmission oil pump
- Vacuum pump
- Headlight washer pump
Based on electric vehicle type:
- BEV
- FCEV
- HEV
- PHEV
Based on vehicle type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Based on technology
- Electric
- Mechanical
Based on displacement:
- Variable displacement
- Fixed displacement
Based on off-highway vehicles:
- Construction equipment
- Mining equipment
Based on application:
- Body & Interior
- Engine & HVAC
- Powertrain
Based on sales channel
- OEM
- Aftermarket
Based on region:
-
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Rest of Asia Pacific
-
Europe
- France
- Germany
- Russia
- Spain
- Turkey
- UK
- Rest of Europe
-
North America
- US
- Canada
- Mexico
-
RoW
- Brazil
- Iran
- South Africa
Recent Developments
- In December 2020, Aisin Tohoku Co. of the Aisin Group announced the expansion of its factory to begin production of small and medium-sized motor products, mainly electric water pumps, by 2022. The electric water pump is to be newly produced in the plant
- In April 2019, Aisin Corporation announced to make a new investment to enhance the business ability of its Automatic Transmission (AT) business in the US and reinforced its manufacturing site. In the future, Aisin AW will help develop the automobile industry in the US by strengthening its capability of manufacturing ATs for SUVs. This move by the company could help to enhance its product offerings related to automotive pumps.
- In February 2019, Robert Bosch GmbH launched an electric coolant pump, ECP 160. The coolant flow of the pump can be regulated according to engine requirements and can deliver up to 14,700 liters per hour on-demand. The ECP 160 is designed to replace mechanical pumps in combustion engines but can operate in other applications, such as batteries, electric motors, or inverter cooling
Frequently Asked Questions (FAQ):
How big is the automotive pumps market?
The global automotive pumps market is projected to grow at a CAGR of 4.1% during the forecast period, to reach USD 18.0 billion by 2027 from an estimated USD 14.8 billion in 2022.
Which countries are considered in the Asian region?
The report includes Asia Pacific countries such as:
- China
- India
- Japan
- South Korea
- Thailand
- Rest of Asia Pacific
We are interested in regional automotive pumps market for vehicle types? Does this report cover vehicle types?
Yes, automotive pumps market for vehicle type are covered at global level. However, regional level markets can be provided as separate customization.
Does this report include impact of COVID-19 on automotive pumps?
Yes, the market includes qualitative insights for COVID-19 impact on the automotive pumps and vehicle production.
Does this report provide insights on EV vehicle type?
Yes, EV Vehicle type is covered for BEV, PHEV, FCEV, and HEV .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 31)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
TABLE 1 INCLUSIONS & EXCLUSIONS FOR AUTOMOTIVE PUMPS MARKET
1.3 MARKET SCOPE
FIGURE 1 MARKET: SEGMENTS COVERED
1.3.1 YEARS CONSIDERED
1.4 CURRENCY & PRICING
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 38)
2.1 RESEARCH DATA
FIGURE 2 AUTOMOTIVE PUMPS MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.3 PRIMARY PARTICIPANTS
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET: TOP-DOWN APPROACH
FIGURE 8 MARKET: RESEARCH DESIGN AND METHODOLOGY
FIGURE 9 RESEARCH APPROACH: MARKET
2.3.3 DEMAND-SIDE APPROACH
FIGURE 10 TOP-DOWN RESEARCH METHODOLOGY APPROACH: COMPANY BASED REVENUE APPROACH
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 11 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
2.6 ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 53)
FIGURE 12 MARKET: MARKET OVERVIEW
FIGURE 13 AUTOMOTIVE PUMPS MARKET, BY REGION, 2022–2027 (USD MILLION)
FIGURE 14 MARKET FOR ENGINE AND HVAC SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD (2022–2027)
4 PREMIUM INSIGHTS (Page No. - 57)
4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
FIGURE 15 NEED FOR FUEL-EFFICIENT VEHICLES AND GROWING AUTOMOBILE DEMAND TO DRIVE THE MARKET
4.2 MARKET, BY REGION
FIGURE 16 APAC IS PROJECTED TO BE LARGEST MARKET DURING FORECAST PERIOD
4.3 MARKET, BY TYPE
FIGURE 17 HEADLIGHT WASHER PUMPS ARE EXPECTED TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD (2022–2027)
4.4 MARKET, BY VEHICLE TYPE
FIGURE 18 PASSENGER CAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (2022–2027)
4.5 MARKET, BY TECHNOLOGY
FIGURE 19 MARKET FOR ELECTRIC PUMPS IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2027)
4.6 MARKET, BY DISPLACEMENT
FIGURE 20 MARKET FOR MECHANICAL PUMPS IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2027)
4.7 MARKET, BY EV TYPE
FIGURE 21 HEVS TO LEAD MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD (2022–2027)
4.8 MARKET, BY APPLICATION
FIGURE 22 ENGINE & HVAC ARE EXPECTED TO BE FASTEST GROWING APPLICATION SEGMENT DURING FORECAST PERIOD (2022–2027)
5 MARKET OVERVIEW (Page No. - 62)
5.1 INTRODUCTION
TABLE 2 IMPACT OF MARKET DYNAMICS
5.2 MARKET DYNAMICS
FIGURE 23 AUTOMOTIVE PUMPS MARKET: DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand for fuel-efficient vehicles
FIGURE 24 GLOBAL LIGHT-DUTY VEHICLE FUEL ECONOMY IMPROVEMENTS, NET ZERO SCENARIO, 2015 VS 2025
5.2.1.2 Implementation of stringent emission norms by regulatory authorities
TABLE 3 GLOBAL EMISSION REGULATIONS IN MAJOR COUNTRIES
FIGURE 25 EMISSION NORMS AND FUTURE OUTLOOK FOR ASIAN COUNTRIES
FIGURE 26 GOVERNMENT PREPARATIONS FOR EMISSION REDUCTION
5.2.1.3 Increasing trend of engine downsizing
FIGURE 27 ENGINE DOWNSIZING THE ROAD FORWARD FOR THE AUTOMOTIVE INDUSTRY
5.2.1.4 Demand for lightweight automotive components
5.2.2 RESTRAINTS
5.2.2.1 Growing demand for electric vehicles
FIGURE 28 GLOBAL ELECTRIC VEHICLE SALES (THOUSAND UNITS)
FIGURE 29 GLOBAL MARKET SHARE OF ELECTRIC CARS (%)
FIGURE 30 CARBON EMISSIONS FROM POWER AND TRANSPORTATION SECTORS
5.2.2.2 Increase in installation of electric power steering in passenger cars
5.2.2.3 Growing demand for SUVs
5.2.3 OPPORTUNITIES
5.2.3.1 Growth in usage of ethanol fuel in automotive industry
FIGURE 31 PRODUCTION OF ETHANOL 2020 (MILLION GALLONS)
5.2.3.2 Growing adoption of new technologies
FIGURE 32 ADVANTAGES AND DISADVANTAGES OF ELECTRIC WATER PUMPS
5.2.3.3 Robust growth in sales of plug-in hybrid electric vehicles
FIGURE 33 GLOBAL PHEV SALES VOLUME, 2019-2021 (THOUSAND UNITS)
5.2.3.4 Improving sustainability of passenger and freight transport
5.2.4 CHALLENGES
5.2.4.1 Increase in cost of electrification of automotive pumps
FIGURE 34 COST OF ELECTRONICS OUT OF TOTAL COST OF VEHICLE
5.2.4.2 Decline in growth of aftermarket
5.3 PORTERS FIVE FORCES
FIGURE 35 PORTER’S FIVE FORCES: MARKET
TABLE 4 MARKET: IMPACT OF PORTERS FIVE FORCES
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 RIVALRY AMONG EXISTING COMPETITORS
5.4 KEY STAKEHOLDERS & BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 36 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 APPLICATIONS
TABLE 5 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 APPLICATIONS (%)
5.4.2 BUYING CRITERIA
FIGURE 37 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
5.5 AUTOMOTIVE PUMPS MARKET ECOSYSTEM
FIGURE 38 MARKET: ECOSYSTEM ANALYSIS
5.5.1 AUTOMOTIVE EQUIPMENT SUPPLIERS
5.5.2 AUTOMOTIVE PUMPS MANUFACTURERS
5.5.3 OEMS
5.5.4 END USERS
TABLE 6 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.6 VALUE CHAIN ANALYSIS
FIGURE 39 VALUE CHAIN ANALYSIS
5.7 PRICING ANALYSIS
TABLE 7 MARKET: GLOBAL OEM AVERAGE PRICING ANALYSIS (USD), 2021
TABLE 8 MARKET: GLOBAL AFTERMARKET AVERAGE PRICING ANALYSIS (USD), 2021
5.8 TECHNOLOGY ANALYSIS
5.8.1 IOT-BASED VEHICLES (CONNECTED CAR TECHNOLOGY)
FIGURE 40 COMPANIES WORKING FOR IOT-BASED VEHICLES
5.8.2 EPS
FIGURE 41 EPS SYSTEM IN VEHICLES
5.8.3 NEW AND UPCOMING FUEL PUMP MODULES
FIGURE 42 BRUSHLESS FUEL PUMP
5.9 PATENT ANALYSIS
5.9.1 APPROACH
5.9.2 DOCUMENT TYPE
FIGURE 43 PATENTS REGISTERED FOR AUTOMOTIVE PUMPS, 2011–2022
FIGURE 44 PATENT PUBLICATION TRENDS FOR AUTOMOTIVE PUMPS, 2011–2022
5.9.3 LEGAL STATUS OF PATENTS
FIGURE 45 LEGAL STATUS OF PATENTS FILED FOR AUTOMOTIVE PUMPS
5.9.4 JURISDICTION ANALYSIS
FIGURE 46 HIGHEST NUMBER OF PATENTS FILED BY COMPANIES IN US
5.9.5 TOP APPLICANTS
FIGURE 47 DOW GLOBAL TECHNOLOGIES LLC REGISTERED HIGHEST NUMBER OF PATENTS BETWEEN 2011 AND 2022
5.10 TRENDS AND DISRUPTIONS IN MARKET
FIGURE 48 TRENDS AND DISRUPTIONS IN MARKET
5.11 CASE STUDY
5.11.1 RELIABILITY ANALYSIS ON DRIVE SYSTEM OF GEAR-TYPE OIL PUMP WITH VARIABLE DISPLACEMENT
5.11.2 CASE STUDY ON HIGH-POWER AUTOMOBILE WATER PUMP BASED ON COMPUTATIONAL FLUID DYNAMICS (CFD)
5.12 REGULATORY FRAMEWORK
FIGURE 49 EMISSION REDUCTION FRAMEWORK OF MAJOR COUNTRIES, 2021
TABLE 9 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS
TABLE 10 US III STANDARDS 2021: US EMISSION NORMS
TABLE 11 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS
TABLE 12 JAPAN WLTC STANDARDS 2021: JAPAN EMISSION NORMS
TABLE 13 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS
5.13 TRADE DATA
TABLE 14 MARKET: TRADE ANALYSIS, 2021 (HS CODE – 8413)
5.14 KEY CONFERENCES & EVENTS IN 2022-2023
TABLE 15 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.15 TARIFF AND REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.16 MARKET: COVID-19 IMPACT
5.16.1 IMPACT ON RAW MATERIAL SUPPLY
5.16.2 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY
5.16.3 OEM ANNOUNCEMENTS
TABLE 20 OEM ANNOUNCEMENTS
5.16.4 IMPACT ON AUTOMOTIVE PRODUCTION
5.17 MARKET SCENARIO ANALYSIS
FIGURE 50 MARKET– FUTURE TRENDS & SCENARIO, 2022–2027 (USD MILLION)
5.17.1 MOST LIKELY SCENARIO
TABLE 21 MARKET (MOST LIKELY SCENARIO), BY REGION, 2022–2027 (USD MILLION)
5.17.2 OPTIMISTIC SCENARIO
TABLE 22 MARKET (OPTIMISTIC), BY REGION, 2022–2027 (USD MILLION)
5.17.3 PESSIMISTIC SCENARIO
TABLE 23 MARKET (PESSIMISTIC), BY REGION, 2022–2027 (USD MILLION)
6 AUTOMOTIVE PUMPS MARKET, BY TYPE (Page No. - 107)
6.1 INTRODUCTION
FIGURE 51 STEERING PUMP SEGMENT IS EXPECTED TO DOMINATE MARKET DURING 2022–2027
TABLE 24 MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 25 MARKET, BY TYPE, 2022–2027 (USD MILLION)
6.1.1 OPERATIONAL DATA
TABLE 26 MANUFACTURERS AND APPLICATIONS OF DIFFERENT TYPES OF AUTOMOTIVE PUMPS
6.1.2 ASSUMPTIONS
TABLE 27 ASSUMPTIONS: BY TYPE
6.1.3 RESEARCH METHODOLOGY
6.1.4 KEY INDUSTRY INSIGHTS
6.2 FUEL PUMP
6.2.1 STRINGENT EMISSION NORMS WORLDWIDE ARE EXPECTED TO DRIVE MARKET
TABLE 28 FUEL PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 29 FUEL PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 WATER PUMP
6.3.1 INCREASING SALES OF COMMERCIAL VEHICLES IS EXPECTED TO DRIVE WATER PUMP MARKET
TABLE 30 WATER PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 WATER PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 WINDSHIELD WASHER PUMP
6.4.1 IMPROVED EFFICIENCY OF WINDSHIELD WASHING BY ELECTRIC PUMPS TO DRIVE MARKET
TABLE 32 WINDSHIELD WASHER PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 33 WINDSHIELD WASHER PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.5 STEERING PUMP
6.5.1 INTEGRATION OF HYDRAULIC STEERING SYSTEMS IN VEHICLES IS EXPECTED TO DRIVE STEERING PUMP MARKET
TABLE 34 STEERING PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 STEERING PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.6 TRANSMISSION OIL PUMP
6.6.1 EMISSION NORMS FOR AUTOMOTIVE INDUSTRY ARE LIKELY TO IMPACT TRANSMISSION OIL PUMP MARKET
TABLE 36 TRANSMISSION OIL PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 37 TRANSMISSION OIL PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.7 FUEL INJECTION PUMP
6.7.1 MECHANICALLY OPERATED FUEL INJECTION PUMPS HAVE LARGER MARKET SHARE DUE TO CONVENTIONAL POWERTRAIN IN VEHICLES
TABLE 38 FUEL INJECTION PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 39 FUEL INJECTION PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.8 VACUUM PUMP
6.8.1 DEMAND FOR HIGHLY EFFICIENT FUEL INJECTION SYSTEMS IS EXPECTED TO BOOST VACUUM PUMP MARKET
TABLE 40 VACUUM PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 41 VACUUM PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
6.9 HEADLIGHT WASHER PUMP
6.9.1 INCREASE IN PREMIUM VEHICLE SALES IS DRIVING GROWTH OF HEADLIGHT WASHER PUMP MARKET
TABLE 42 HEADLIGHT WASHER PUMP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 HEADLIGHT WASHER PUMP: MARKET, BY REGION, 2022–2027 (USD MILLION)
7 AUTOMOTIVE PUMPS MARKET, BY TECHNOLOGY (Page No. - 122)
7.1 INTRODUCTION
FIGURE 52 MECHANICAL PUMP SEGMENT TO DOMINATE MARKET BY 2027 (USD MILLION)
TABLE 44 MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 45 MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
7.1.1 OPERATIONAL DATA
TABLE 46 POPULAR AUTOMOTIVE PUMP MANUFACTURERS
7.1.2 ASSUMPTIONS
TABLE 47 ASSUMPTIONS: BY TECHNOLOGY
7.1.3 RESEARCH METHODOLOGY
7.1.4 KEY INDUSTRY INSIGHTS
7.2 ELECTRIC PUMP
7.2.1 ELECTRIC SEGMENT TO REGISTER FASTEST GROWTH IN COMING YEARS
TABLE 48 ELECTRIC PUMP: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 49 ELECTRIC PUMP: MARKET, BY TYPE, 2022–2027 (USD MILLION)
7.3 MECHANICAL PUMP
7.3.1 MECHANICAL PUMP TO BE LARGE MARKET DURING FORECAST PERIOD
TABLE 50 MECHANICAL PUMP: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 51 MECHANICAL PUMP: MARKET, BY TYPE, 2022–2027 (USD MILLION)
8 AUTOMOTIVE PUMPS MARKET, BY DISPLACEMENT (Page No. - 130)
8.1 INTRODUCTION
FIGURE 53 FIXED PUMP SEGMENT TO DOMINATE MARKET BY 2027 (USD MILLION)
TABLE 52 MARKET, BY DISPLACEMENT, 2018–2021 (USD MILLION)
TABLE 53 MARKET, BY DISPLACEMENT, 2022–2027 (USD MILLION)
8.1.1 OPERATIONAL DATA
TABLE 54 AUTOMOTIVE PUMPS MANUFACTURERS: DISPLACEMENT TYPE
8.1.2 ASSUMPTIONS
TABLE 55 ASSUMPTIONS: BY DISPLACEMENT
8.1.3 RESEARCH METHODOLOGY
8.1.4 KEY INDUSTRY INSIGHTS
8.2 FIXED DISPLACEMENT
8.2.1 FIXED DISPLACEMENT SEGMENT TO LEAD MARKET IN COMING YEARS
TABLE 56 FIXED PUMP: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 57 FIXED PUMP: MARKET, BY TYPE, 2022–2027 (USD MILLION)
8.3 VARIABLE DISPLACEMENT
8.3.1 REDUCTION IN ENERGY LOSSES TO FUEL DEMAND FOR VARIABLE PUMPS
TABLE 58 VARIABLE PUMP: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 59 VARIABLE PUMP: MARKET, BY TYPE, 2022–2027 (USD MILLION)
9 AUTOMOTIVE PUMPS MARKET, BY APPLICATION (Page No. - 138)
9.1 INTRODUCTION
FIGURE 54 MARKET, BY APPLICATION, 2022 VS. 2027
TABLE 60 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 61 MARKET, BY APPLICATION, 2022–2027 USD MILLION)
9.1.1 OPERATIONAL DATA
TABLE 62 APPLICATIONS FOR TYPES OF AUTOMOTIVE PUMPS
9.1.2 ASSUMPTIONS
TABLE 63 ASSUMPTIONS: BY APPLICATION
9.1.3 RESEARCH METHODOLOGY
9.1.4 KEY INDUSTRY INSIGHTS
9.2 BODY & INTERIOR
9.2.1 INCREASING DEMAND FOR HCVS AND LCVS FOR GOODS TRANSPORTS WOULD DRIVE MARKET GROWTH
TABLE 64 BODY & INTERIOR: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 65 BODY & INTERIOR: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.3 ENGINE & HVAC
9.3.1 NEED FOR MAINTAINING OPTIMUM ENGINE TEMPERATURE IS LIKELY TO DRIVE DEMAND FOR AUTOMOTIVE PUMPS FROM ENGINE & HVAC SEGMENT
TABLE 66 ENGINE & HVAC: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 67 ENGINE & HVAC: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4 POWERTRAIN
9.4.1 ADVANCEMENTS IN TRANSMISSION TECHNOLOGIES ARE LIKELY TO DRIVE GROWTH OF MARKET IN POWERTRAIN SEGMENT
TABLE 68 POWERTRAIN: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 69 POWERTRAIN: MARKET, BY REGION, 2022–2027 (USD MILLION)
10 AUTOMOTIVE PUMPS MARKET, BY VEHICLE TYPE (Page No. - 147)
10.1 INTRODUCTION
FIGURE 55 PASSENGER CAR SEGMENT IS EXPECTED TO DOMINATE THE MARKET BY 2027 IN TERMS OF VALUE
TABLE 70 MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 71 MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
10.1.1 OPERATIONAL DATA
TABLE 72 MANUFACTURERS OF DIFFERENT TYPES OF AUTOMOTIVE PUMPS AND THEIR TARGET VEHICLE
10.1.2 RESEARCH METHODOLOGY
10.1.3 KEY INDUSTRY INSIGHTS
10.2 PASSENGER CAR (PC)
10.2.1 RISE IN DEMAND FOR PASSENGER CARS IS EXPECTED TO DRIVE MARKET
TABLE 73 PASSENGER CAR: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 74 PASSENGER CAR: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 LIGHT COMMERCIAL VEHICLE (LCV)
10.3.1 INCREASING SALES OF LIGHT COMMERCIAL VEHICLES IN NORTH AMERICA IS EXPECTED TO DRIVE MARKET
TABLE 75 LIGHT COMMERCIAL VEHICLE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 76 LIGHT COMMERCIAL VEHICLE: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 HEAVY COMMERCIAL VEHICLE (HCV)
10.4.1 IMPROVED POWERTRAIN AND COOLING SYSTEM TO DRIVE HEAVY COMMERCIAL VEHICLE MARKET
TABLE 77 HEAVY COMMERCIAL VEHICLE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 78 HEAVY COMMERCIAL VEHICLE: MARKET, BY REGION, 2022–2027 (USD MILLION)
11 AUTOMOTIVE PUMPS MARKET, BY EV TYPE (Page No. - 156)
11.1 INTRODUCTION
FIGURE 56 HEV SEGMENT EXPECTED IN MARKET, 2022–2027
TABLE 79 MARKET, BY EV TYPE, 2018–2021 (USD MILLION)
TABLE 80 MARKET, BY EV TYPE, 2022–2027 (USD MILLION)
11.1.1 OPERATIONAL DATA
TABLE 81 AUTOMOTIVE PUMP MANUFACTURERS OF PUMPS USED IN EV
11.1.2 ASSUMPTIONS
TABLE 82 ASSUMPTIONS: MARKET, BY EV TYPE
11.1.3 RESEARCH METHODOLOGY
11.1.4 KEY INDUSTRY INSIGHTS
11.2 BATTERY ELECTRIC VEHICLE
11.2.1 INCREASE IN DEMAND FOR ZERO-EMISSION MOBILITY EXPECTED TO DRIVE MARKET GROWTH
TABLE 83 BEV: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 84 BEV: MARKET, BY TYPE, 2022–2027 (USD MILLION)
11.3 FUEL CELL ELECTRIC VEHICLE
11.3.1 GROWING GOVERNMENT EMPHASIS ON MAKING CONSUMERS AWARE OF POLLUTION IS EXPECTED TO PUSH FCEV MARKET GROWTH
TABLE 85 FCEV: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 86 FCEV: MARKET, BY TYPE, 2022–2027 (USD MILLION)
11.4 HYBRID ELECTRIC VEHICLES
11.4.1 HEV TO HOLD LARGEST SHARE OF MARKET
TABLE 87 HEV: MARKET, BY TYPE, 2018–2021(USD MILLION)
TABLE 88 HEV: MARKET, BY TYPE, 2022–2027 (USD MILLION)
11.5 PLUG-IN HYBRID VEHICLES
11.5.1 HIGH INCLINATION OF MAJOR OEMS TOWARD PRODUCING PHEVS IS PROPELLING GROWTH OF MARKET
TABLE 89 PHEV: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 90 PHEV: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12 AUTOMOTIVE PUMPS MARKET, BY OFF-HIGHWAY VEHICLE TYPE (Page No. - 167)
12.1 INTRODUCTION
TABLE 91 OFF-HIGHWAY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 92 OFF-HIGHWAY MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.1.1 OPERATIONAL DATA
TABLE 93 TOP OFF-HIGHWAY VEHICLE AND PUMP MANUFACTURERS
12.1.2 ASSUMPTIONS
TABLE 94 ASSUMPTIONS: MARKET, BY OFF-HIGHWAY VEHICLE TYPE
12.1.3 RESEARCH METHODOLOGY
12.1.4 KEY INDUSTRY INSIGHTS
12.2 CONSTRUCTION EQUIPMENT
TABLE 95 GLOBAL AIRPORT CONSTRUCTION PROJECTS, BY YEAR
12.3 MINING EQUIPMENT
TABLE 96 KEY PLAYERS IN AUTONOMOUS MINING EQUIPMENT MARKET
13 AUTOMOTIVE PUMPS MARKET, BY SALES CHANNEL (Page No. - 174)
13.1 INTRODUCTION
FIGURE 57 OEM SEGMENT IS EXPECTED TO DOMINATE MARKET DURING 2022–2027
TABLE 97 MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
TABLE 98 MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
13.1.1 ASSUMPTIONS
TABLE 99 ASSUMPTIONS: BY SALES CHANNEL
13.1.2 KEY INDUSTRY INSIGHTS
13.2 OEM
13.3 AFTERMARKET
14 AUTOMOTIVE PUMPS MARKET, BY REGION (Page No. - 179)
14.1 INTRODUCTION
FIGURE 58 ASIA PACIFIC TO DOMINATE MARKET, 2022 VS. 2027 (USD MILLION)
TABLE 100 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 101 MARKET, BY REGION, 2022–2027 (USD MILLION)
14.2 ASIA PACIFIC
FIGURE 59 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 102 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 103 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 104 ASIA PACIFIC: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 105 ASIA PACIFIC: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 106 ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 107 ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.2.1 CHINA
14.2.1.1 High production volume of vehicles to drive the market
TABLE 108 CHINA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 109 CHINA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.2.2 INDIA
14.2.2.1 Growing FDI in automotive ecosystem to drive the market
TABLE 110 INDIA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 111 INDIA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.2.3 JAPAN
14.2.3.1 Growing adoption of electric pumps by OEMs to drive the market
TABLE 112 JAPAN: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 113 JAPAN: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.2.4 SOUTH KOREA
14.2.4.1 Demand for fuel-efficient automobiles to drive the market
TABLE 114 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 115 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.2.5 THAILAND
14.2.5.1 Renewable energy source agenda to meet emission targets to drive the market
TABLE 116 THAILAND: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 117 THAILAND: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.2.6 REST OF ASIA PACIFIC
14.2.6.1 Growing investments by leading OEMs in Rest of Asia Pacific to drive the market
TABLE 118 REST OF ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 119 REST OF ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3 EUROPE
FIGURE 60 EUROPE: MARKET SNAPSHOT
TABLE 120 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 121 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 122 EUROPE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 123 EUROPE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 124 EUROPE: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 125 EUROPE: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.1 FRANCE
14.3.1.1 High production of LCVs to drive the market
FIGURE 61 FRANCE PASSENGER CAR REGISTRATION IN JULY 2021
TABLE 126 FRANCE: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 127 FRANCE: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.2 GERMANY
14.3.2.1 Presence of leading OEMs to drive the market
TABLE 128 GERMANY: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 129 GERMANY: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.3 RUSSIA
14.3.3.1 Construction of new manufacturing plants and demand for commercial vehicles to drive the market
TABLE 130 RUSSIA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 131 RUSSIA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.4 SPAIN
14.3.4.1 Increasing adoption of electric fleet to drive the market
TABLE 132 SPAIN: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 133 SPAIN: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.5 TURKEY
14.3.5.1 Expansion of vehicle production by OEMs to drive the market
TABLE 134 TURKEY: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 135 TURKEY: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.6 UK
14.3.6.1 Demand for LCVs to drive the market
TABLE 136 UK: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 137 UK: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.3.7 REST OF EUROPE
14.3.7.1 Government's focus to reduce vehicle emission to drive the market
TABLE 138 REST OF EUROPE: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 139 REST OF EUROPE: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.4 NORTH AMERICA
FIGURE 62 NORTH AMERICA: MARKET, 2022 VS. 2027
TABLE 140 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 141 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 142 NORTH AMERICA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 143 NORTH AMERICA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 144 NORTH AMERICA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 145 NORTH AMERICA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.4.1 CANADA
14.4.1.1 Fuel cell and electric vehicle technologies to drive the market
TABLE 146 CANADA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 147 CANADA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.4.2 MEXICO
14.4.2.1 Demand for fuel-efficient vehicles to drive market
TABLE 148 MEXICO: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 149 MEXICO: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.4.3 US
14.4.3.1 Increasing efforts from the government to adopt fuel-efficient vehicles to drive the market
TABLE 150 US: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 151 US: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.5 REST OF THE WORLD (ROW)
FIGURE 63 ROW: MARKET, BY COUNTRY, 2022 VS. 2027(USD MILLION)
TABLE 152 ROW: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 153 ROW: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 154 ROW: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 155 ROW: MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 156 ROW: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 157 ROW: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.5.1 BRAZIL
14.5.1.1 Low cost of labor and demand for heavy-duty trucks to drive the market
TABLE 158 BRAZIL: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 159 BRAZIL: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.5.2 IRAN
14.5.2.1 Growth in the automotive industry to drive the market
TABLE 160 IRAN: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 161 IRAN: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
14.5.3 SOUTH AFRICA
14.5.3.1 Increasing concerns over environment to drive the market
TABLE 162 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 163 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
15 COMPETITIVE LANDSCAPE (Page No. - 221)
15.1 OVERVIEW
FIGURE 64 KEY DEVELOPMENTS BY LEADING PLAYERS, 2019–2022
15.2 MARKET SHARE ANALYSIS FOR THE AUTOMOTIVE PUMPS MARKET
TABLE 164 MARKET SHARE ANALYSIS, 2021
FIGURE 65 MARKET SHARE ANALYSIS, 2021
15.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
FIGURE 66 TOP PUBLIC/LISTED PLAYERS DOMINATING THE MARKET DURING THE LAST FIVE YEARS
15.4 COVID-19 IMPACT ON MARKET
15.5 COMPETITIVE SCENARIO
15.5.1 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ PARTNERSHIPS/AGREEMENTS
TABLE 165 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/ AGREEMENTS, 2019–2022
15.5.2 NEW PRODUCT DEVELOPMENTS, 2019–2022
TABLE 166 NEW PRODUCT LAUNCHES, 2019–2022
15.5.3 MERGERS & ACQUISITIONS, 2019–2022
TABLE 167 MERGERS & ACQUISITIONS, 2019–2022
15.5.4 EXPANSIONS, 2019–2022
TABLE 168 EXPANSIONS, 2019–2022
15.6 COMPANY EVALUATION QUADRANT
15.6.1 STARS
15.6.2 EMERGING LEADERS
15.6.3 PERVASIVE
15.6.4 PARTICIPANTS
FIGURE 67 MARKET: COMPANY EVALUATION QUADRANT, 2021
15.6.4.1 COMPETITIVE BENCHMARKING
15.6.5 PRODUCT FOOTPRINT
TABLE 169 COMPANY FOOTPRINT
15.6.6 MARKET: REGIONAL FOOTPRINT
15.7 STARTUP/SME EVALUATION QUADRANT
15.7.1 PROGRESSIVE COMPANIES
15.7.2 RESPONSIVE COMPANIES
15.7.3 DYNAMIC COMPANIES
15.7.4 STARTING BLOCKS
FIGURE 68 MARKET: START-UP/SME EVALUATION QUADRANT, 2021
TABLE 170 WINNERS VS. TAIL-ENDERS
16 COMPANY PROFILES (Page No. - 237)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
16.1 KEY PLAYERS
16.1.1 AISIN CORPORATION
TABLE 171 AISIN CORPORATION: BUSINESS OVERVIEW
FIGURE 69 AISIN CORPORATION: COMPANY SNAPSHOT
TABLE 172 AISIN CORPORATION: PRODUCTS OFFERED
TABLE 173 AISIN CORPORATION: NEW PRODUCT LAUNCHES
TABLE 174 AISIN CORPORATION: OTHERS
16.1.2 DENSO
TABLE 175 DENSO: BUSINESS OVERVIEW
FIGURE 70 DENSO: COMPANY SNAPSHOT
TABLE 176 DENSO: PRODUCTS OFFERED
TABLE 177 DENSO: DEALS
TABLE 178 DENSO: OTHERS
16.1.3 ROBERT BOSCH GMBH
TABLE 179 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 71 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 180 ROBERT BOSCH GMBH: PRODUCTS OFFERED
TABLE 181 ROBERT BOSCH GMBH: NEW PRODUCT LAUNCHES
TABLE 182 ROBERT BOSCH GMBH: OTHERS
16.1.4 CONTINENTAL AG
TABLE 183 CONTINENTAL AG: BUSINESS OVERVIEW
FIGURE 72 CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 184 CONTINENTAL AG: PRODUCTS OFFERED
TABLE 185 CONTINENTAL AG: OTHERS
16.1.5 VALEO
TABLE 186 VALEO: BUSINESS OVERVIEW
FIGURE 73 VALEO: COMPANY SNAPSHOT
TABLE 187 VALEO: PRODUCTS OFFERED
TABLE 188 VALEO: NEW PRODUCT LAUNCHES
16.1.6 JOHNSON ELECTRIC
TABLE 189 JOHNSON ELECTRIC: BUSINESS OVERVIEW
FIGURE 74 JOHNSON ELECTRIC: COMPANY SNAPSHOT
TABLE 190 JOHNSON ELECTRIC: PRODUCTS OFFERED
16.1.7 SHW AG
TABLE 191 SHW AG: BUSINESS OVERVIEW
FIGURE 75 SHW AG: COMPANY SNAPSHOT
TABLE 192 SHW AG: PRODUCTS OFFERED
16.1.8 ZF GROUP
TABLE 193 ZF GROUP: BUSINESS OVERVIEW
FIGURE 76 ZF GROUP: COMPANY SNAPSHOT
TABLE 194 ZF GROUP: PRODUCTS OFFERED
TABLE 195 ZF GROUP: DEALS
TABLE 196 ZF GROUP: OTHERS
16.1.9 HITACHI
TABLE 197 HITACHI: BUSINESS OVERVIEW
FIGURE 77 HITACHI: COMPANY SNAPSHOT
TABLE 198 HITACHI: PRODUCTS OFFERED
TABLE 199 HITACHI: DEALS
TABLE 200 HITACHI: OTHERS
16.1.10 RHEINMETALL AUTOMOTIVE
TABLE 201 RHEINMETALL AUTOMOTIVE: BUSINESS OVERVIEW
FIGURE 78 RHEINMETALL AUTOMOTIVE: COMPANY SNAPSHOT
TABLE 202 RHEINMETALL AUTOMOTIVE: PRODUCTS OFFERED
TABLE 203 RHEINMETALL AUTOMOTIVE: NEW PRODUCT LAUNCHES
TABLE 204 RHEINMETALL AUTOMOTIVE: DEALS
16.1.11 MAGNA INTERNATIONAL INC.
TABLE 205 MAGNA INTERNATIONAL INC: BUSINESS OVERVIEW
FIGURE 79 MAGNA INTERNATIONAL INC: COMPANY SNAPSHOT
TABLE 206 MAGNA INTERNATIONAL INC: PRODUCTS OFFERED
16.1.12 MITSUBISHI ELECTRIC CORPORATION
TABLE 207 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
FIGURE 80 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 208 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
16.2 OTHER KEY PLAYERS
16.2.1 MIKUNI CORPORATION
16.2.2 GMB CORPORATION
16.2.3 PRICOL LIMITED
16.2.4 MAHLE GMBH
16.2.5 MAGNETI MARELLI S.P.A
16.2.6 CUMMINS
16.2.7 INFINEON TECHNOLOGIES AG
16.2.8 HELLA KGAA HEUCK & CO.
16.2.9 TI FLUID SYSTEMS
16.2.10 CARTER FUEL SYSTEMS
16.2.11 BORGWARNER INC
16.2.12 STANDARD MOTOR PRODUCTS, INC
16.2.13 EATON CORPORATION
16.2.14 MTQ ENGINE SYSTEMS
16.2.15 TRICO
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
17 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 283)
17.1 ASIA PACIFIC TO BE KEY MARKET FOR AUTOMOTIVE PUMPS
17.2 INCREASED ADOPTION OF ELECTRIC PUMPS
17.3 CONCLUSION
18 APPENDIX (Page No. - 285)
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
18.3 AVAILABLE CUSTOMIZATIONS
18.3.1 ADDITIONAL COMPANY PROFILES
18.3.1.1 Detailed Analysis of the Automotive pumps market, by vehicle Type
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
The study involved 4 major activities in estimating the market size for automotive pumps. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been used in the secondary research process to identify and collect information useful for an extensive commercial study of the global market. Secondary sources include company annual reports/presentations, press releases, industry association publications, India Electronics & Semiconductor Association, ARTEMIS Industry Association, European Automotive Research Partners Association (EARPA), International Organization of Motor Vehicle Manufacturers (OICA), American Association of Motor Vehicle Administrators (AAMVA), Automotive Component Manufacturers Association of India (ACMA), China Association Of Automoblie Manufacturers (CAAM), automotive magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (Marklines and Factiva).
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs [(in terms of component supply), country-level government associations, and trade associations] and component manufacturers across 4 major regions, namely, Asia Pacific, Europe, North America, and the Rest of the World. Approximately 23% and 77% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.
After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter expert’s opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.
Report Objectives
- To analyze and forecast the automotive pumps market, in terms of value (USD million), from 2022 to 2027
- To provide detailed information regarding the major factors influencing the growth of the automotive pumps market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the regional markets for growth trends, prospects, and their contribution to the overall automotive pumps market
- To segment and forecast the automotive pumps market, by value, based on region (Asia Pacific, Europe, North America, and the Rest of the World)
- To segment and forecast the automotive pumps market, by value, based on type (fuel pump, fuel injection pump, oil pump, water pump, windshield pump, steering pump, transmission pump, and vacuum pump)
- To segment and forecast the automotive pumps market, by value, based on vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle)
- To segment and forecast the automotive pumps market, by value, based on electric vehicle type (BEV, HEV, PHEV, and FCEV)
- To segment and forecast the automotive pumps market, by value, based on technology (electric and mechanical)
- To segment and forecast the automotive pumps market, by value, based on displacement (variable and fixed)
- To segment and forecast the market, by value, based on application (body & interior, engine & HVAC, and powertrain)
- To segment and forecast the automotive pumps market, by value, based on off-highway vehicle type (construction and mining)
- To segment and forecast the automotive pumps market, by value, based on sales channel (OEM and aftermarket)
- To analyze opportunities for stakeholders and the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their respective market share and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities undertaken by the key industry participants
Automotive fuel pumps & Its impact on Automotive Pumps Market
Automotive fuel pumps are one type of pump used in vehicles to transport fuel from the fuel tank to the engine. The Automotive Pumps Market encompasses all types of pumps used in automobiles, including fuel pumps. Demand for automotive fuel pumps is proportional to demand for vehicles that use them. As the global automotive industry expands, so does the demand for fuel pumps. Furthermore, technological advancements and rising demand for fuel-efficient vehicles have resulted in the development of more efficient and high-performance fuel pumps, which are propelling the Automotive Pumps Market forward.
Fuel pumps, water pumps, oil pumps, and steering pumps are examples of pumps found in the Automotive Pumps Market. However, fuel pumps are one of the most important components of a vehicle's fuel system and account for a sizable portion of the Automotive Pumps Market. As a result, the expansion of the Automotive Pumps Market is inextricably linked to the expansion of the automotive fuel pump market.
Several future growth use-cases for automotive fuel pumps are expected to emerge in the coming years. Here are a couple of examples:
- High-Pressure Fuel Pumps: One potential growth area for automotive fuel pumps is in the development of high-pressure fuel pumps.
- Hydrogen Fuel Pumps: As the demand for alternative fuels continues to grow, there is likely to be an increasing demand for hydrogen fuel pumps.
- Electronic Fuel Pumps: Electronic fuel pumps are becoming more common in modern vehicles, as they offer greater precision and control over fuel delivery.
- Smart Fuel Pumps: Smart fuel pumps are equipped with sensors and other advanced technologies that can monitor fuel usage and detect potential problems before they become serious.
- Fuel Pump Control Units: Fuel pump control units are electronic devices that can control the operation of fuel pumps based on real-time data from sensors and other sources.
The top players in the Automotive fuel pumps market are Denso Corporation, Robert Bosch GmbH, Continental AG, Delphi Technologies, Valeo SA, Magneti Marelli S.p.A., TI Automotive Inc., Aisin Seiki Co. Ltd., Hitachi Automotive Systems Ltd., Johnson Electric Holdings Limited
Some of the key industries that are going to get impacted because in the future because of Automotive fuel pumps are,
- Aerospace Industry: The aerospace industry uses fuel pumps to deliver fuel to aircraft engines, and advancements in fuel pump technology could improve the performance and efficiency of aircraft engines.
- Marine Industry: The marine industry also relies on fuel pumps to deliver fuel to engines, and improvements in fuel pump technology could help to reduce emissions and improve fuel efficiency in marine vessels.
- Agriculture Industry: Advancements in fuel pump technology could help to improve the efficiency and reliability of these vehicles, reducing fuel costs and improving productivity.
- Power Generation Industry: Power generators often use internal combustion engines or other power sources that require fuel delivery systems, and advancements in fuel pump technology could improve the efficiency and reliability of these systems.
- Oil and Gas Industry: The oil and gas industry is responsible for extracting and refining the fuel that is used in automotive fuel pumps.
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- Detailed analysis of automotive pump market, by type
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Detailed analysis of automotive pump market, by vehicle type
- Buses
- Trucks
Company Information
- Profiling of Additional Market Players (Up to 3)
Growth opportunities and latent adjacency in Automotive Pumps Market