An Incisive, In-depth Analysis on the Automotive Pumps Market
This study offers a comprehensive, 360 degree analysis on the Automotive Pumps market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Pumps market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Demand for fuel supply pumps, vacuum pumps to grow swiftly in the automotive pumps market
Fuel pumps are important components of the fuel supply system of an automobile and are used to supply fuel from the fuel tank to the engines. Fuel supply pumps are used in almost all vehicles, which makes them among the leading pump types in the automotive pumps market. It is projected that fuel supply pumps will continue to dominate the automotive pumps market and will reach a market value of more than US$ 28 Billion by 2025. Another important pump type is vacuum pump. As the name suggests, these types of pumps are used to generate vacuum for brake systems and other applications, such as central locking, exhaust gas recirculation and air conditioning, among others. It is projected that the market value of vacuum pumps will grow at a significant CAGR of 5.6% during the forecast period.
Passenger car segment to outnumber other vehicle types in the automotive pumps market
The passenger car segment holds majority share in the automotive pumps market. This is due to the growing dominance of passenger cars in the automotive industry. The passenger car production in 2014 was more than 67 million, way ahead of light and heavy commercial vehicles. It is projected that the automotive pumps market for passenger cars will continue to be the significant market and is estimated to grow at a CAGR of 3.9% during the forecast period.
Along with the rising vehicle production, increase in the adoption of new technologies, such as gasoline turbochargers, power steering, automatic transmission and gasoline direct injection, is also enhancing the demand for automotive pumps.
Electric pumps to dominate the automotive pumps market
Electric pumps are rapidly replacing mechanical pumps in the automotive pumps market due to their advanced features and benefits over mechanical pumps. Electric pumps can operate at high pressure and also help in reducing CO2 emissions from internal combustion engines as they are independent on engine operations. With advance features and better serviceability, electric pumps are projected to hold more than 70% of the overall automotive pumps market in terms of value in 2018.
Increasing scope of electrification in automobiles to boost the automotive pumps market
The automotive sector has witnessed substantial advancements in terms of design and functionality of automotive parts in the past one decade. Automakers have shifted focus towards improving aesthetics, engine performance and reduction of the overall vehicle weight. A key focus area that has emerged in the recent past has been electrification and automation of automotive parts.
Developing specific parts and systems for specific functions has transformed steering, braking and transmission systems. For instance, hydraulic steering systems are being rapidly replaced by electric power steering while anti-lock braking systems (ABS) are replacing standard braking systems in vehicles across the globe. Automotive pumps are a key component in most of the aforementioned systems, which in turn, is providing impetus to the growth of the automotive pumps market.
Competition dashboard in the automotive pumps market
Efforts are being made by manufacturers in automotive pumps market to expand through strategic interventions, such as establishing new entities, expanding production capacity, introduction of enhanced product portfolio and technological breakthroughs in automotive pumps market. For instance, Aisin Seiki recently established manufacturing units for automotive parts in Brazil, India and South Korea, to meet the increasing demand from these emerging markets. Along with this, Concentric AB acquired a Latin America based pump manufacturer GKN Sinter Metals de Argentina SA (GKN Pumps) in 2015. Apart from expansion and acquisition, companies are also looking to expand their product portfolio by launching new or upgraded products. For instance, in 2015, Hella KGaA Hueck & Co. expanded its range of thermal management products and launched water pumps and water pumps kits for commercial vehicles.
Some of the key players operating in automotive pumps market include Aisin Seiki Co. Ltd., Concentric AB, Continental AG, Delphi Automotive, Denso Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Johnson Electric, JTEKT Corporation, KSPG AG, Magna International, Magneti Marelli SpA, Robert Bosch GmbH, Pricol Ltd., SHW AG, TI Automotive, and ZF TRW.
About the report
FMI has published an exclusive forecast report for the automotive pumps market between 2015 and 2025. The foremost objective of this report on automotive pumps market is to pitch spearhead insights on market scenario, demand generators and technological advancements in automotive pumps market. Also, the study on automotive pumps market addresses key dynamics, which are expected to diversify the sales and future prominence of automotive pumps market.
The report on automotive pumps market starts with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of automotive pumps market. Also, the report outlines insights on dynamics in the automotive pumps market, including drivers, restraints, opportunities and trends as well as value chain and pricing analysis. Value chain analysis and pricing analysis of automotive pumps market have also been included in the report to help readers clearly understand the product framework map in automotive pumps market.
The automotive pumps market has been analyzed with respect to segments, such as pump type, technology, vehicle type, sales channel and region. The pump types in the report on automotive pumps market include fuel supply pump, fuel injection pump, transmission oil pump, engine oil pump, steering pump, coolant pump, windshield washer pump and vacuum pump. By technology, the segmentation includes electric and mechanical pumps. The automotive pumps market will register demand from different vehicle types, such as passenger cars, light commercial vehicles and heavy commercial vehicles. Sales channel involved in the automotive pumps market include original equipment manufacturers (OEMs) and aftermarket. The automotive pumps market has been evaluated across primary regions, such as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA).
Additional questions answered
The report also provides answers to other important questions related to automotive pump market, such as -
- Why sales of electric automotive pumps is higher than the sales of mechanical automotive pumps?
- How many units of fuel supply automotive pumps will be sold by 2025-end?
- Which vehicle type will hold largest volume share in the automotive pumps market?
- By what rate is OEM automotive pumps sale expected to grow during the forecast period?
- What will be the growth rate of automotive pumps market in APEJ?
The report offers in-depth assessment of the automotive pumps market, which is based on a tested & proven research methodology, which involves comprehensive primary and secondary research. These research methods have helped in arriving at important numbers for the automotive pumps market. Data collected on the automotive pumps market through these researches underwent several validation funnels and examination and re-examination, prior to being included in the report.
Credibility of the statistics evaluated and data acquired on the automotive pumps market bases itself on the unique nature of FMI’s research methodology. Intelligence obtained from opinion leaders and industry experts in the automotive pumps market was extrapolated, meanwhile contemplation of the data allowed analysts to develop an analytic and insightful report on the automotive pumps market.
An in-depth research study on the automotive pumps market
FMI offers a 10-year forecast for the Automotive Pumps market between 2015 and 2025. In terms of value, the market is expected to register a CAGR of 3.8% during the forecast period (2015–2025). The main objective of the report is to offer insights on the advancements in the global automotive pumps market. The study provides market dynamics that are expected to influence the current environment and future status of the automotive pumps over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts and opportunities for manufacturers operating in the automotive pumps market.
A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors that are shaping internal as well as external competition in the market. The Automotive Pumps Market is expected to grow at a stable pace in near future. Moreover, steady growth of the automotive industry -- due to increase in vehicle production and sales and infrastructural development – is anticipated to create healthy growth opportunities in the Automotive Pumps market.
The report provides detailed market share analysis of the Automotive Pumps on the basis of key manufacturers. A section of the report also highlights overall country-wise Automotive Pumps Market. It provides a market outlook for 2015–2025 and sets the forecast within the context of the report. The report sheds light on key developments and activities being executed by the prominent manufacturers operating in the Automotive Pumps market.
On the basis of pump type, the automotive pumps market can be segmented into:
- Fuel Supply Pump
- Fuel Injection Pump
- Coolant Pump
- Engine Oil Pump
- Transmission Oil Pump
- Steering Pump
- Vacuum Pump
- Windshield Washer Pump
On the basis of technology, the automotive pumps market can be segmented into:
On the basis of vehicle type, the automotive pumps market can be segmented into:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
On the basis of sales channel, the automotive pumps market can be segmented into:
On the basis of region, the automotive pumps market can be segmented into:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
A detailed analysis has been provided for every segment, in terms of market size analysis for Automotive Pumps.
The report starts with the market overview and provides market definition and analysis about drivers, restraints, opportunities, supply chain analysis and key trends in the Automotive Pumps market. The next section includes the global market analysis, analysis by pump type, technology, vehicle type, sales channel and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market and cover present scenario and future prospects. For market data analysis, the report considers 2014 as the base year, with Automotive Pumps market numbers estimated for 2015 and forecast made for 2016–2025.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the same on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities for market players.
Another key feature of this Automotive Pumps market report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as in identifying potential resources from a sales and delivery perspective in the Automotive Pumps.
Research methodology of the automotive pumps market
The report titled “Automotive Pumps Market” focuses on providing information regarding the volume and value of the market from a global perspective. The research on the said market was initiated thorough secondary research on the product, using both top-down and bottom-up approaches, right down to the country and segmental level. Automotive production, vehicle parc, market trends and growth projections were taken into consideration to arrive at the total market. In addition to the above secondary research, yearly revenue generated by the various product types of Automotive Pumps was estimated.
Furthermore, the yearly revenue generated from automotive pumps manufacturing companies from each product type was obtained from both primary and secondary sources and then benchmarked at the regional level. Fluctuations in annual prices over the forecast period are based on the historic market trends and expected percentage change in the upcoming years on the basis of investment was done on the patent market and the related industry. Any decline or increase in price in the upcoming years has been kept linear for all the regions.
The Automotive Pumps market value, thus, deduced was once again cross verified and validated from the supply side. FMI’s proprietary regression analysis forecast model has been adopted to generate the market estimation for the forecast years and takes into account the effects of macroeconomic factors impacting the overall Automotive Pumps market. The forecast was further validated by primary respondents belonging to different levels of the value chain of the Automotive Pumps market, such as manufacturers and independent service providers.
Automotive pumps market participants
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of manufacturers have also been included within the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the Automotive Pumps. Some of the key players in the global Automotive Pumps includes Aisin Seiki Co. Ltd., Concentric AB, Continental AG, Delphi Automotive, Denso Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Johnson Electric, JTEKT Corporation, KSPG AG, Magna International, Magneti Marelli SpA, Robert Bosch GmbH, Pricol Ltd., SHW AG, TI Automotive and ZF TRW.
Automotive Pumps Market Reports - Table of Contents
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology