About Automotive Pumps
Automotive Pumps are used for transferring automotive fluids in vehicles and its expected to mark significant growth over forecasted period owing to increasing consumers spending on fuel efficient vehicles and adoption of new technologies like gasoline direct injection which use fuel pumps has led to the growth of the automotive pumps market. Automotive Pumps used for different system such as lubrication system, coolant system, steering system and others. This result in rising numbers of vehicle production, increasing demand of fuel efficient vehicles, escalating income levels in developing countries, and growing popularity of wind shield washer pumps may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
Analyst at AMA Research estimates that United States and United Kingdom Vendors will contribute the maximum growth to Global Automotive Pumps market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aisin Seiki Co. LTD (Japan), Denso Corporation (Japan), Johnson Electric (Hong Kong), Robert Bosch GmbH (Germany), Magna International (Canada), SHW AG (Germany), Delphi Automotive LPP (United States), TRW Automotive (Germany), KSPG AG (Germany) and Aisin Seiki Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Delphi Automotive LPP (United States), Robert Bosch GmbH (Germany) and Mikuni Corporation (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Pumps market by Type (Fuel Pump, Oil Pump, Water Pump, Windshield Washer Pump, Steering Pump, Transmission Pump, Fuel Injection Pump and Vacuum Pump), Application (Passenger Cars and Commercial Vehicles ) and Region.
On the basis of geography, the market of Automotive Pumps 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). If we see Market by Displacement Type, the sub-segment i.e. Variable Displacement will boost the Automotive Pumps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Electric Pump will boost the Automotive Pumps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased demand of environmental friendly solutions. and Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Increase Number of Fuel Efficient Vehicles boosts the Automotive Pumps Market. and Rapid Adoption of Advanced Automotive Technologies such as Gasoline Direct Injection and Automatic Transmission Propelled The Market.
Challenges:
Rise In Installations Of Electric Power Steering Hampers The Global Market. and Fluctuation Of Raw Materials Is Anticipated To Challenge The Market.
Restraints:
High Cost Associated With Electric Pumps Hampers the Automotive Pumps Market. and Increasing OEMs Applicability on Battery Driven Vehicles restrain the automotive pumps market.
Opportunities:
Proliferation of Automatic Transmission Systems Leads to grow the Automotive Pump Market. and Rise in Government Regulations for Fuel Efficient Vehicles in Emerging Countries.
Market Leaders and their expansionary development strategies
In June 2023, Trico Group acquires The Performance Pump Business. UCI’s Performance Pumps business is a leading producer of highly engineered cooling systems and fuel delivery systems. By this acquisition Trico will provide the industry’s strongest program in the pump category., and In December 2022, Aptiv PLC, a renowned technology company dedicated to advancing safer, more environmentally friendly, and connected mobility, concluded the acquisition of an 85% equity stake in Intercable Automotive Solutions from Intercable S.r.l. This strategic move fortifies Aptiv's standing as a global leader in vehicle architecture systems by integrating Intercable Automotive Solutions, an industry frontrunner in high voltage power distribution and interconnect technology.
Key Target Audience
Automotive Pumps Manufacturers, Automotive Pumps Traders, End-Use Market Participants of Different Segments of Automotive Pumps, Government and Research Organizations, R&D Institutions, Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.