Automotive Pumps Market
2019 Analysis and Review of Automotive Pumps Market by Pump Type - Fuel Supply, Fuel Injection, Transmission Oil, Engine Oil, Steering Coolant, Windshield Washer, and Vacuum for 2019 - 2029
- 2020-02-05
- REP-GB-541
- 41 Tables
- 184 Figures
- 287 pages
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Press Release:
Automotive Pumps Market Growth Projections
Automotive Pumps Market Value to Expand 1.5X by 2029
The automotive industry all over the world is on the rise, despite considerable production volatilities in most regions, including the U.S. and China. As the sustainability trend is scaling up, automobile manufacturers are developing vehicle fleets equipped with technologies such as automatic transmission, power steering, and gasoline direct injection. Such tech-enabled automobiles require automotive pumps in order to ensure their efficient operation. Estimated to cross US$ 50 Bn in 2019, the global sales of automotive pumps are anticipated to expand 1.5X over the next decade.
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How will the automotive pumps market fare in the future?
Rising focus on engine performance, compliance with stringent regulations pertaining to vehicular emissions, and increasing consumer demand for fuel-efficient vehicles are encouraging manufacturers to opt for advanced fuel injection systems. These factors are expected to increase the usage of advanced automotive pumps by carmakers in the foreseeable future.
How will electrification in automotive vehicles affect the automotive pumps market?
Many car manufacturers are focusing on electrification and automation of automotive parts. For instance, hydraulic steering has been replaced by electric power steering, while the ABS system is replacing standard braking systems in vehicles, globally. An automotive pump is a key component in most of these systems, which will further boost the growth of the automotive pumps market.
Which pump type holds potential growth opportunities for market players?
The most preferred and dominant pump type in the current scenario is the fuel pump, which will maintain its lead position over the coming years. The preference of manufacturers for fuel pumps will hold an attractive prospect for both, OEMs and aftermarket manufacturers.
What is the degree of competition in the automotive pumps market?
The global automotive pumps market is fairly competitive, with various organized players operating in the market. The entry of organized and well-established players in the market can lead to profitability, owing to improved products and growing demand placed by car manufactures for advanced technologies such as power steering and anti-lock braking systems (ABS), among others. Top 5 players in the market occupy almost 20-25% of the market share, from a global market perspective.
Which region will lead the global sales of automotive pumps?
Asia Pacific Excluding Japan (APEJ) and Western Europe hold nearly 60% of the overall automotive pumps market share. However, strong growth in the automotive pumps market is expected in emerging countries, especially in China and India, due to the presence of large automotive manufactures.
Electric Technology to Outperform Mechanical Technology
Mechanical automotive pumps have been the conventional equipment for transferring fluids, and account for around half of total market revenue. However, with various regulations coming into the picture, automakers are replacing traditional vehicles with electric iterations. By 2021, electric automotive pumps will outpace their mechanical counterparts in terms of revenue share in the automotive pumps market. As efficiency and performance are becoming paramount, this growth is likely to increase at a healthy pace in the coming years.
Market Players Eye APEJ for Broader Footprint
Players in the automotive pumps market will continue to reap worthwhile margins from Asia Pacific excluding Japan (APEJ) throughout the forecast period. Accounting for over 40% share of total adoption, market growth in this developing region is predominantly supported by swelling automotive production, particularly compact and heavy commercial vehicles (HCVs). Although China’s automotive industry observed a slight dip in the recent past, the country will remain at the forefront of the automotive pumps market, globally.
* This data is only a representation. Actual data may vary and will be available in report.
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2014
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2018
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2022
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2029
Targeting Compact and Mid-size Cars for Sustainable Profits
High-end features including automotive anti-lock braking systems (ABS) and electronic stability control (ESC) have been commonplace in premium and luxury cars. As market competition becomes more intense to cater to evolving consumer preferences, automakers are introducing most of these premium features in compact and mid-size cars on a larger scale. These improvements in vehicles are receiving positive response from customers, especially in developing regions. Thus, manufacturers in the automotive pumps market should focus on this vehicle category.
Fuel supply systems hold over 40% share
Fuel injection systems to pick pace
Mechanical technology remains in-demand
Adoption of electrical technology to witness rapid rise
OEMs account for voluminous share
Sluggish demand growth in aftermarket
Passenger cars remain top adopters
Steady adoption in LCVs
How Growth will Unfold
Fuel supply systems continue to carve out a bigger slice of market revenue against other pump types - windshield washer and coolant - despite the emerging trend of vehicle electrification. In 2023, application of fuel feed pumps will surpass US$ 25 Bn, and the figure is likely to increase at a steady CAGR. However, as the demand for fuel-efficient and high-performance components increases in the automotive industry, fuel injection systems are expected to witness rapid adoption.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Automotive Pumps Market Analysis 2019-2029
Future Market Insights published its recent market research report on the global automotive pumps market, which comprises global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. It includes a comprehensive assessment of relevant and related market dynamics. After conducting complete analysis on the historical as well as current growth prospective of the automotive pumps market, the growth predictions of the market are obtained with maximum accuracy.
Automotive Pumps Market Taxonomy
The global automotive pumps market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Pump Type
- Fuel Supply
- Fuel Injection
- Transmission Oil
- Engine Oil
- Steering
- Coolant
- Windshield Washer
- Vacuum
Technology
- Electric
- Mechanical
Sales Channel
- OEMs
- Aftermarket
Vehicle Type
- Passenger Cars
- LCVs
- HCVs
- Two Wheelers
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Japan
- APEJ
- Middle East & Africa
What's Included
The report begins with the executive summary of the automotive pumps market, which includes a summary of the key findings and statistics of the market. It also includes the market value (US$ million) estimates of prime segments of the automotive pumps market.
Readers can find detailed segmentation and definition of the automotive pumps market in this chapter, which will help them understand basic information about the automotive pumps market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the automotive pumps market report.
The report provides key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments and product innovations.
This section includes key inclusions of the report. It includes product adoption & usage analysis, opportunity analysis, and manufacturers’ strategies for market expansion.
This section explains the global market volume analysis and forecast for the automotive pumps market during the forecast period of 2019-2029.
This section explains the global market value analysis and forecast for the automotive pumps market during 2014-2029. This chapter includes detailed analysis of the historical automotive pumps market, along with an opportunity analysis for the future. Readers can also find absolute $ opportunity for the current year (2019-2020) and incremental $ opportunity for the forecast period (2019-2029).
This chapter explains the key macroeconomic factors that are expected to influence the growth of the automotive pumps market during the forecast period. Along with the macroeconomic factors, this section highlights the opportunity analysis for the automotive pumps market. This chapter also highlights the key market dynamics of the automotive pumps market, such as drivers, restraints, trends, and opportunities. Moreover, readers will understand key trends followed by prominent manufacturers in the automotive pumps market.
Based on pump type, the automotive pumps market is segmented into fuel supply, fuel injection, transmission oil, engine oil, steering, coolant, windshield washer, and vacuum. In this chapter, readers can find information about the key trends and developments in the automotive pumps market and market attractiveness analysis based on pump type.
The automotive pumps market is segmented on the basis of technology into electric and mechanical. In this chapter, readers can understand the market attractiveness analysis based on technology.
The automotive pumps market is segmented on the basis of sales channel into OEMs and aftermarket. In this chapter, readers can understand the market attractiveness analysis based on sales channel.
The automotive pumps market is segmented on the basis of vehicle type into passenger cars, LCVs, HCVs, and two wheelers. In this chapter, readers can understand the market attractiveness analysis based on vehicle type.
This chapter explains how the automotive pumps market is expected to grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and the Middle East & Africa.
This chapter includes detailed analysis of the growth of the North America automotive pumps market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on countries in North America.
Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Latin America automotive pumps market. This chapter also includes the growth prospects of the automotive pumps market in prominent countries in Latin America such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the automotive pumps market in several countries such as Germany, the U.K, France, Italy, Spain, BENELUX, and the Rest of Western Europe are included in this chapter.
Important growth prospects of the automotive pumps market in several countries such as Russia, Poland, and the Rest of Eastern Europe are included in this chapter.
Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Japan automotive pumps market.
In this chapter, China, India, ASEAN, Australia & New Zealand, South Korea and Rest of APEJ are prominent countries in the APEJ region that are the prime subjects of assessment to obtain growth prospects of the automotive pumps market. Readers can find detailed information about the growth parameters of the APEJ automotive pumps market during the forecast period of 2019-2029.
This chapter provides information about how the automotive pumps market is anticipated to grow in major countries in the MEA region such as South Africa, Turkey, Egypt, and the Rest of MEA during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the automotive pumps market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive pumps market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are as Robert Bosch GmbH, Aisin Seiki, Magna International, Denso Corporation, KSPG AG, and Continental AG.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive pumps market report.
This chapter helps readers understand the research methodology followed to obtain several conclusions, as well as important qualitative and quantitative information, about the automotive pumps market.
How the research was conducted?
Primary Research
- Chief Executive Officer
- Vice President
- Sales Head
- Product Manager
- Marketing Head
- Deputy Manager -Marketing & Communications
- Marketing Manager
- Sales Manager
- Distributors
- Customer Service Representative
- Current market dynamics and challenges
- End-use industry segment split and authenticity
- Yesteryear trends
- Market characteristics
- Competition structure and market structure
- Strategic growth initiatives
- Market segment splits and authenticity
- Near-term and long-term market growth prospects
- Opinions on market projections and validity of assumptions
Secondary Research
- World Bank
- IEA
- ACMA
- OICA
- ACEA
Primary Interview Splits
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