What is Automotive Fuel Pump Assembly Market?
A fuel pump assembly pumps the fuel from its tank to the engine. To safeguard that the engine gets its daily dose of fuel, it relies on the fuel pump. However, the fuel pump can't do the job alone and needs the help of other components. These parts are what make up the Fuel Pump Assembly. Aside from the fuel pump, this assembly comprises an electric pump motor that powers the pump. A cylindrical plastic enclosure that houses the fuel pump and motor. A specific spring-loaded frame is also included to give the inclusion of the support it needs by keeping it allied to the fuel tank. The last part that completes the assembly is the fuel gauge sender that offers additional support to safeguard that all these parts stay in place no matter how rough the road gets.
Highlights from Automotive Fuel Pump Assembly Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GmbH (Germany), AC Delco (GM) (United States), Continental (Germany), Delphi Technologies (United Kingdom), Motorcraft (United States), TI Automotive (United States), Johnson Electric (Hong Kong), Mikuni (Japan), AIRTEX (United States), Kyosan (Japan), Hitachi (Japan) and Denso (Japan) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Japanese Vendors will contribute to the maximum growth of Global Automotive Fuel Pump Assembly market throughout the forecasted period.
Robert Bosch GmbH (Germany), AC Delco (GM) (United States), Continental (Germany), Delphi Technologies (United Kingdom), Motorcraft (United States), TI Automotive (United States), Johnson Electric (Hong Kong), Mikuni (Japan), AIRTEX (United States), Kyosan (Japan), Hitachi (Japan) and Denso (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Zhejiang Henko Auto Spare Parts Co., Ltd (China), GMB (United States), Farstar Auto Parts (China) and Pricol Limited (India). Automotive Fuel Pump Assembly Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Front, Passenger Side, Driver Side, Rear, Upper and Others |
Vehicle Type | Passenger Cars,Commercial Vehicles (LCVs, HCVs) |
Sales Channel | OEM,Aftermarket |
Components Type | Fuel Pump,Electric Pump Motor,Plastic Enclosure,Spring-Loaded Frame,Fuel Gauge Sender,Others |
Fuel Pump Type | Mechanical Fuel Pump,Electrical Fuel Pump |
On the basis of geography, the market of Automotive Fuel Pump Assembly has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Engine Downsizing in Automotive and Increasing Online Sales of Automotive Fuel Pump Equipment
Market Growth Drivers:
Growing Focus by Auto Manufacturers to Produce Fuel-Efficient Vehicles and Stringent Automotive Emission Norms
Challenges:
Volatility in Raw Materials Prices for Automotive Fuel Pump Manufacturing
Restraints:
Availability of Counterfeit Automotive Fuel Pump Products in Aftermarket
Opportunities:
Increasing Sales of Automotive in Emerging Countries such as India, China and Others and Rising Use of Electro-mechanical Automotive Fuel Pump
Key Target Audience
Manufacturers of Automotive Fuel Pump Assembly Components, Suppliers of Automotive Fuel Pump Assembly Components, Wholesalers, Distributors, and Retailers of Automotive Fuel Pump Assembly Components, Automotive Industry and Regulatory Bodies
Market Leaders & Development Strategies
In October 2020, BorgWarner Inc. acquired Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner's electronics and power electronics, capabilities, and scale, making it a leader in electric propulsion systems that BorgWarner believes is well-positioned to capitalize on future propulsion migrations.
In January 2022, leading mobility supplier DENSO and powertrain supplier Aisan announced that their respective boards of directors had agreed and entered into an agreement to transfer DENSO's fuel pump module business to Aisan. The board also agreed to Aisan's acquisition of DENSO's interest in KYOSAN DENSO MANUFACTURING KENTUCKY, LLC (KDMK), located in Mount Stirling, Kentucky.