Automotive Pumps Market

Automotive Pumps Market Outlook (2023 to 2033)

The global automotive pumps market is forecasted to expand at a CAGR of 4.6% and touch a valuation of US$ 23.48 billion by the end of 2033, up from US$ 14.99 billion in 2023.

The efficient transfer of fuel from the automotive fuel tank to the engine is essential to an automobile's operation. Consequently, fuel supply pumps are a crucial component of vehicle technology.

• Fuel supply pumps account for 39% share of the global market due to increasing deployment by vehicle manufacturers.

Automotive pumps are used to raise, compress, or transfer fluids mechanically and to enable fluid circulation across a system for a vehicle's operating effectiveness. Increasing demand for vehicles with stringent regulations for the reduction of carbon emissions is driving the market growth for automotive pumps.

Development of the automotive industry is significantly influenced by evolving emission standards as well as rising sales of automobiles across world regions. Consumers are seeking high-performance vehicles that are lightweight and fuel efficient.

The primary factors driving the worldwide automotive pumps market growth are expanding vehicle production, better implementation of environmental rules, and growing acceptance of innovative automotive technology. Furthermore, a trend shift towards electrification and a higher emphasis on fuel efficiency are both contributing to the growth of the market for vehicle pumps.

One significant trend that is becoming increasingly popular in the industry is the increased acceptance of innovative technologies. New technologie's ability to effectively circulate oil throughout a car presents a lucrative opportunities for automotive pump manufacturers.

• In 2021, the next-generation technology for electric water pumps (EWP) used in automobiles, light commercial vehicles, and heavy-duty vehicles was introduced by Gates.

The automotive pumps market is being further driven by the growth of the automotive industry and changing lifestyles and urbanization. Modern automobiles also come with cutting-edge technology and features that adhere to the most recent performance, quality, safety, and emission requirements, which is promoting market expansion.

Development of electric pumps has quickly replaced mechanical pumps by winning the preferences of automakers worldwide. Electric automotive pumps are independent of combustion engine operations and can be controlled whenever required with higher precision. With higher performance standards, electric automotive pumps are highly sought after as compared to mechanical automotive pumps.

Report Attributes	Details
Automotive Pumps Market Size (2023)	US$ 14.99 Billion
Projected Market Value (2033)	US$ 23.48 Billion
Global Market Growth Rate (2023 to 2033)	4.6% CAGR
Market Share of Fuel Supply Pumps (2023)	39%
Japan Market Size (2033)	US$ 1.64 Billion
Germany Market Growth Rate (2023 to 2033)	4.9% CAGR
Market Share of Passenger Cars (2023)	80%
South Korea Market Growth Rate (2023 to 2033)	5.9% CAGR
United States Market Size (2023)	US$ 2.83 Billion
Key Companies Profiled	Aisin Corporation Delphi Technologies Denso Corporation TRW Automotive Mikuni Corporation Continental AG Johnson Electric MAHLE GmbH Magna International KSPG Group Robert Bosch GmbH SHW AG Davies Craig

What’s Leading to Increased Adoption of Automotive Pumps?

“Popular Global Trend of Engine Downsizing”

Engine downsizing, which utilizes advanced technologies, including turbochargers, superchargers, and direct injection, is one of the most current developments in the automotive sector. OEMs are placing more emphasis on adopting compact engines that have power on par with or more than the current engines. Smaller engines contribute to a lighter overall vehicle, which increases the fuel economy of both gasoline and diesel engines.

OEMs are making an effort to reduce the engine's size to comply with government-set emission standards. It is anticipated that the engine's reduction would open up new economic prospects for automotive pump manufacturers.

• Most modern Mercedes-Benz and BMW vehicles come with 4-cylinder engines rather than 6-cylinder ones. A 4-cylinder engine requires more pressure to produce the same amount of power as a big engine while operating more efficiently.

“High Demand for Fuel-efficient Vehicles”

Increasing vehicle usage across the globe, coupled with the adoption of innovative technologies to produce fuel-efficient vehicles that adhere to VOC (volatile organic compound) emission regulations, is expected to significantly contribute to the growth of the market for automotive pumps.

Various automakers and manufacturers are heavily investing in R&D and production of automotive components by integrating smart technologies such as automatic transmission, gasoline direct injection, and gasoline turbochargers, which require automotive pumps for optimum functioning. This factor will possibly create potential growth prospects for the automotive pumps market.

“Introduction of Power Components in Vehicles”

Increased purchasing power of individuals due to rising disposable incomes, especially in emerging economies, has been encouraging automakers to focus on mid-sized and compact cars. The introduction of premium aspects such as easy gear shifting, power steering, anti-lock braking systems (ABS), and cabin comfort systems in these cars is expected to present opportunities for the use of customized automotive pumps.

As consumers seek high-performance vehicles that are fuel-efficient as well as lightweight, continuous product innovations are readily adopted for automotive pumps, which play a vital role in enhancing the energy efficiency of vehicles. The adoption of variable automotive displacement oil pumps that enable the circulation of maximum oil through all engine parts and the absorption of the heat generated may complement the overall expansion of demand.

What is Limiting Automotive Pump Demand Growth?

“Decrease in Replacement Rate of Automotive Pumps”

With the significant implementation of advanced technologies in product development, there has been a decrease in the replacement rate of automotive pumps, which is likely to minimize the aftermarket potential of these products over the coming years. This is considered to be one of the critical factors hampering market growth.

Governments and regulatory bodies are constantly making efforts to reduce air pollution caused by automotive and other industries due to rising global concerns regarding carbon and VOC emissions. This has led to a rise in the adoption of electric vehicles run by electric engines and independent of internal combustion engines, which in turn is likely to negatively affect market expansion over the coming years.

How Can New Businesses Stand Out in This Industry?

“Integration of Advanced Technologies to Boost Vehicle Performance”

• In 2022, The Electrified GDi Fuel Pump Module was introduced by Stanadyne to address the requirements of modern petrol direct injection (GDi) engines. A low-pressure electric fuel pump known as the Electrified GDi Fuel Pump Module delivers precise and constant fuel to the engine, enhancing performance and fuel economy.

New companies should follow such advancements to make a mark in this industry. New companies must invest in R&D projects to introduce innovative products. They should focus on the integration of electric fuel pumps with automotive fuel injection systems to boost vehicle performance.

Country-wise Insights

Why is the United States Attracting Automotive Pump Manufacturers?

“Increasing Stringent Emission Regulations in the Country”

• Adoption of automotive pumps in the United States is expected to develop at a CAGR of 4.8% over the projection period.

Increasing stringent emission regulations and the presence of manufacturers of automotive pumps are boosting market value. The rising demand for commercial vehicles from the logistics and e-Commerce sectors is expected to contribute to market growth over the coming years.

What Growth Prospects Does the Market in Germany Have?

“Early Adoption of Vehicle Electrification”

• The market in Germany is valued at US$ 1.32 billion in 2023.

Market growth is attributed to the rapid expansion of the automotive industry and the early adoption of vehicle electrification. In addition, redesigning of automotive pumps and the growing usage of cutting-edge automotive technology are the factors driving market expansion in Germany.

Which Factor is Driving Sales of Automotive Pumps in Japan?

“Increasing Investments by Major Automakers to Create Fuel-efficient Vehicles”

• Demand for automotive pumps in Japan is set to propel at a CAGR of 4.7% through 2033.

The encouragement given to hybrid vehicle producers also makes a substantial contribution to the expansion of automotive pumps. The country's rapid growth of hybrid automobiles has created a paradigm shift that presents appealing chances in the developing market.

Manufacturers are focusing on automotive pumps that would increase fuel efficiency. Increasing investments by major automakers to create fuel-efficient vehicles are supporting market expansion.

What is the Market Outlook for Automotive Pump Manufacturers in South Korea?

“Increase in Production of Lightweight Vehicles”

• The market in South Korea is expected to reach US$ 798.4 million by 2033.

An increase in the production of lightweight vehicles, rising consumer spending power, and surging sales of commercial vehicles are fueling market expansion. To boost the usage and acceptance of automobiles while lowering pollution emissions, the government also provides tax exemptions for the creation of hybrid vehicles.

The economic development of South Korea has been significantly influenced by the automotive industry. This increase can be attributed in large part to the government organizations in South Korea that regulate cars and car parts.

Category-wise Insights

Which Vehicle Type is Leading the Deployment of Automotive Pumps?

“Automotive Pumps Deployed to Facilitate Power Steering in Passenger Cars”

The market is segmented into passenger cars, HCVs, and LCVs by vehicle type.

• Currently, passenger cars account for 80% deployment of automotive pumps.

Rising disposable incomes and the introduction of cutting-edge technology such as the Advanced Driver Assistance System (ADAS) are projected to boost the usage of automotive pumps in passenger cars. Huge demand for power steering in passenger vehicles is fueling the sales of automotive pumps.

Longer distances between homes, workplaces, schools, stores, and recreational facilities are driving demand for passenger cars. Therefore, it is anticipated that over the projection period, the use of automotive pumps will increase.

Competitive Landscape

Top manufacturers of automotive pumps are focusing on applying advanced automation technologies. Leading companies have robust worldwide distribution networks. These businesses also provide a wide variety of products. They are focusing on new developments, partnerships, product standards, quality control, and supply chain management.

For instance :

• In 2018, Aisin Seiki and DENSO Corporation announced an agreement to form a new company for the development and selling of driving modules used for electric vehicles. The new company will be established in April 2019 under the name BluE Nexus.
• In 2019, HELLA KGaA Hueck & Co. and Plastic Omnium entered into a strategic cooperation to accelerate the holistic integration of lighting technologies into the vehicle exterior, for both front and rear parts. The new partnership is also aimed at providing the market with combined solutions and technologies.
• In 2019, Bosch introduced the ECP 160 electric coolant pump. The pump's coolant flow may be adjusted based on the demands of the engine and can supply up to 14,700 liters per hour when needed. The ECP 160 is a mechanical pump replacement for internal combustion engines, but it may also be used for batteries, electric motors, and inverter cooling.

Key Segments of Automotive Pumps Industry Research

• By Pump Type :

  • Fuel Injection Pumps
  • Fuel Supply Pumps
  • Engine Oil Pumps
  • Transmission Oil Pumps
  • Coolant Pumps
  • Steering Pumps
  • Vacuum Pumps
  • Windshield Washer Pumps

• By Technology :

  • Electric
  • Mechanical

• By Vehicle Type :

  • Passenger Cars
  • HCVs
  • LCVs

• By Sales Channel :

  • OEMs
  • Aftermarket

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa