Automotive Pumps Market

Automotive Pumps Market: Electrical Technology to Witness High Adoption during the Forecast Period; Global Industry Analysis and Opportunity Assessment 2015-2025

Modern automobiles are equipped with smart features and technology that comply with the latest emission, safety, quality and performance standards. On the flipside, end users have become price sensitive and are inclined towards automobiles with superior comfort features at reasonable costs. Over the last decade, manufacturers have integrated various technologies such as gasoline turbochargers, power steering, automatic transmission and gasoline direct injection into automotive. These, in turn, require dedicated automotive pump to ensure efficient operation. These technologies are expected to gain traction over the following decade and in turn, are anticipated to drive growth of the automotive pumps market. Increasing urbanisation and changing lifestyles are bolstering growth of the global automobile industry, thereby driving the market for automotive pumps.

The global automotive pumps market has been estimated to be valued at US$ 44,569.72 Mn in 2015, which is anticipated to increase at a CAGR of 3.8% during the forecast period (2015–2025). This is expected to attract global manufacturers to invest in this market. Availability of electric motors as a substitutes for automotive pumps poses a threat to the global automotive pumps market. Also, with advancements in technology, replacement rate is expected to further reduce over the forecast period. This offers very low aftermarket potential for automotive pump manufacturers across the globe.

Drivers & Trends

Increasing vehicle production, rising vehicle electrification, growing implementation of environmental regulations and increasing adoption of advanced automotive technologies such as gasoline direct injection and automatic transmission are some of the major factors contributing to growth of the global automotive pumps market.

Also, rising focus on engine performance, compliance with stringent regulations regarding vehicular emissions and increasing consumer demand for fuel-efficient vehicles are encouraging manufacturers to integrate advanced fuel injection systems such as Gasoline Turbocharged Direct Injection (GTDI), thereby opening up wide potential for vacuum pumps.

Adoption of electric power steering is increasing leading to lower share for pump assisted steering systems. This replacement by electric motor is adversely affecting the market for steering pumps.

Analysis by Geography

Geographically, the global automotive pumps market is segmented into seven regions: North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa, Latin America and Japan of which the most prominent regional markets are Western Europe and APEJ which together have been estimated to account for 53.4% of the market in terms of value in 2015.

APEJ is expected to remain dominant in global automotive pumps market throughout the forecast period, owing to increasing automotive production and growing vehicle parc in the region. MEA region is the most attractive market in terms of growth rate, followed by APEJ and Japan regions for automotive pumps during the forecast period.

The market in North America is expected to account for US$ 11,520.40 Mn by 2025 end. Western Europe is expected to be the second-largest market, expected to account for significant market share by the end of 2025.

In this report, the two wheelers pumps market has been segmented on the basis of pump type and region. On the basis of basis of pump type, the market is segment into engine oil pump, coolant pump, and fuel injection pump. On the basis of region, the market is segmented into seven regions namely North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa, Latin America and Japan.

automotive-pumps-market

Automotive pumps were mainly used for transferring automotive fluids in vehicles; however, these are being increasingly used to improve fuel efficiency and vehicle performance. Increasing demand for environment-friendly solutions has influenced manufacturers to develop efficient pumps. Pumps are used in several vehicle systems such as steering, coolant, transmission, fuel and lubrication. Increasing vehicle production, rising vehicle electrification, growing implementation of environmental regulations and increasing adoption of advanced automotive technologies such as gasoline direct injection and automatic transmission are some of the major factors contributing to growth of the global automotive pumps market.

The primary objective of the report is to offer updates on the advancements in the global automotive industry that has given rise to more and more utilization of automotive pumps.

The Automotive Pumps Market is segmented into:

  • Automotive Pumps Market, By Pump Type

  • Automotive Pumps Market, By Sales Channel

  • Automotive Pumps Market, By Technology 

  • Automotive Pumps Market, By Vehicle Type

  • Automotive Pumps Market, By Region

This report covers the automotive pumps market performance in terms of value and volume contribution. This section also includes FMI’s analysis of key trends, drivers, restraints, opportunities and other key factors influencing the automotive pumps market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report, to better equip clients with crystal clear decision-making insights.

Key driving factors identified in the global automotive pumps market include increasing automotive production and growing vehicle parc along with utilization of advanced pumps to curb vehicular emissions across the globe. However, low replacement rate and aftermarket potential and substitution by electric motors could pose some challenges in the global automotive pumps market.

The global automotive pumps market is segmented on the basis of region, pump type, technology type, sales channel type and vehicle type. On the basis of pump type, the global automotive pumps market is segmented into eight segments namely fuel supply pump, fuel injection pump, transmission oil pump, engine oil pump, steering pump, coolant pump, windshield washer pump and vacuum pump. On the basis of sales channel, the market has been segmented into OEM and aftermarket. On the basis of technology, the market has been segmented into electric and mechanical. On the basis of vehicle type, the market has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles.

The global automotive pumps market has been segmented into seven major regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa, and Japan. Of all the regions, APEJ has been estimated to dominate the global automotive pumps market with over 32.8% share in 2015. Western Europe ranked second with over 20.6% market share in 2015, followed by APAC. Middle East & Africa is anticipated to be the fastest growing region in the automotive pumps market over the forecast period.

In this report, the two wheelers pumps market has been segmented on the basis of pump type and region. On the basis of basis of pump type, the market has been segmented into engine oil pump, coolant pump and fuel injection pump. On the basis of region, the market has been segmented into seven regions namely North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa, Latin America and Japan

Key market participants covered in the report include Robert Bosch, Aisin Seiki, Magna International, Denso Corporation, KSPG, Continental, Pricol Ltd, Delphi Automotive LLP, Wabco Holdings Inc., Magneti Marelli and Concentric AB.