30 Nov -0001
Rockville, Md. The global market for automotive pumps, worth close to US$ 48 Bn in 2017, is expected to reach US$ 60 Bn by the end of 2022 on steady growth, according to Fact.MR. Pumps are moving toward integrated, multi-function designs that lift vehicle performance, though the same trend narrows supplier product ranges, and rising raw material costs are holding the pace in check.
Fuel supply pumps carry the largest share by product, passenger cars generate the bulk of demand, and factory fitment through OEM dominates the route to market. Asia Pacific excluding Japan leads by region on the strength of its manufacturing base, while Europe trails.
Fuel supply pumps set the tone, accounting for more than US$ 20 Bn of sales in 2017 and heading toward roughly half of total market value by 2022. The shift away from mechanical pumping is just as telling. Mechanical designs are expected to slide to a negative CAGR by the close of the period as electric and integrated alternatives take over. Passenger cars dominate the demand side, at close to 70% of revenue in 2017, while OEM stays firmly in control of distribution, with factory-channel sales set to pass US$ 47 Bn by 2022.
Asia Pacific excluding Japan holds more than one-third of global revenue through the forecast period, anchored by manufacturing hubs in China and South Korea. North America brings in just over US$ 10 Bn in 2017 but grows slowly, Japan outpaces the United States and Canada at a moderate rate, and Europe remains the weakest region.
Two forces pull in opposite directions. The move toward green technology is pushing OEMs to redesign pumps and combine functions, which supports demand for more sophisticated units. At the same time, higher raw material prices and the consolidation of several functions into single pumps are squeezing the number of distinct products suppliers can sell, keeping overall growth measured rather than rapid.
The competitive field brings together large tier-one suppliers and specialist pump makers.
For suppliers, growth favours those that can deliver integrated, electrically driven pumps while managing input cost swings. Investors get a large market with dependable demand but modest expansion. Procurement teams can plan around OEM channels dominating supply, fuel supply pumps leading volume, and Asia Pacific carrying the largest opportunity through 2022.
Fact.MR's study covers the global automotive pumps market for the 2017 to 2022 forecast period, with segmentation by product, technology, vehicle type, sales channel and region. It sizes each segment, maps the competitive field, and weighs the cost and technology forces shaping demand. Further detail is available in the automotive pumps market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Automotive Pumps Market
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.