What is Automotive Electric Fuel Pumps Market?
The electric fuel pump supplies the fuel from tank to the engine for internal combustion. These are placed inside or outside of the fuel tank. As the carburetor engines are replaced by fuel injection ones, the electric fuel pumps has taken over. Moreover, the ability of the electric fuel pump to push the gasoline to the engine has increased the demand. The electric fuel pump has various advantages such as high efficiency, durability, reliability and noise reduction capabilities. These benefits are also increasing the demand of electric fuel pump.
Highlights from Automotive Electric Fuel Pumps Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ACDelco (United States), Airtex Products LP (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Daewha Fuel Pump Industries Ltd. (South Korea), Delphi Automotive PLC (United Kingdom), Denso Corporation (Japan), Associated Fuel Pump Systems Corporation (United States), TI Automotive (United Kingdom) and Graco Inc. (United States) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Electric Fuel Pumps market throughout the forecasted period.
ACDelco (United States), Airtex Products LP (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Daewha Fuel Pump Industries Ltd. (South Korea), Delphi Automotive PLC (United Kingdom), Denso Corporation (Japan), Associated Fuel Pump Systems Corporation (United States), TI Automotive (United Kingdom) and Graco Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Holley Performance Products (United States). Automotive Electric Fuel Pumps Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger vehicles and Commercial vehicles |
Type | Brushed and Brushless |
Distribution Channel | OEM,Aftermarket |
Technology | Turbine Style,Sliding Vane |
On the basis of geography, the market of Automotive Electric Fuel 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers towards the Eco-Friendly Products
Market Growth Drivers:
Increasing sales of fuel injected vehicles is increasing the electric fuel pump. The electric fuel pumps are being used in modern vehicles increasing the output power and fuel efficiency. Moreover, the automobile manufacturers are focusing on the multi-port fuel injection system as it offers the precise flow of fuel. These factors are fueling the market growth.
Challenges:
Rising Production of Counterfeit Products
Restraints:
High Costs Associated with the Electric Fuel Pump
Opportunities:
Technological Enhancements in Electric Fuel Pumps
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
In 2017, Bosch has completed the acquisition of ITK engineering AG. This acquisition strengthens the position of Bosch in engineering services market.
In January 2019, Bosch has agreed to take full control of EM-motive which is the manufacturer of electric motors in Europe.