Automotive Pumps Market

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.

Segmentation

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?

Research methodology

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.