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Global Automotive Pumps Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2032
Automotive Pumps Market
Automotive Pumps Market Size, Growth Rate, And Forecast
The global automotive pumps market size grew from $20.1 billion in 2022 to $21.54 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive pumps market size is expected to grow to $28.27 billion in 2027 at a CAGR of 7.0%.
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Automotive Pumps Market Drivers
The rising electrification of vehicles is expected to propel the growth of the automotive pump market. An automotive pump is a device that functions by lifting, compressing, or transferring fluids around the vehicle's operating system by using mechanical force or electric energy from a motor. An increase in fuel costs is persuading commuters to look at cheaper alternatives. Electric vehicles are a zero-emission and economical option that is gaining popularity.
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Automotive Pumps Market Segments
1) By Pump Type: Automotive Fuel Injection Pumps, Automotive Fuel Supply Pumps, Automotive Engine Oil Pumps, Automotive Transmission Oil Pumps, Automotive Coolant Pumps, Automotive Steering Pumps, Automotive Vacuum Pumps, Automotive Windshield Washer Pumps
2) By Electric Vehicle Type: BEV, FCEV, HEV, PHEV
3) By Technology Type: Electric Automotive Pumps, Mechanical Automotive Pumps
4) By Sales Channel: OEM, Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Pumps Market.
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Automotive Pumps Market Key Players
Major competitors in the Automotive Pumps Market include Aisin Seiki, Denso Corporation, Robert Bosch GmbH, Johnson Electric, KSPG AG, ZF, Continental AG, Concentric AB, HELLA KGaA Hueck & Co., Seiki Co. Ltd., Valeo, Hitachi Automotive Systems Ltd., JTEKT Corporation, Magneti Marelli S.p.A, Pricol Ltd., TI Automotive Ltd., Rheinmetall Automotive AG, The Sherwin-Williams Company, and Mikuni Corporation
The Business Research Company's "Global Automotive Pumps Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Pumps Market Include:
1. Executive Summary
2. Automotive Pumps Market Characteristics
3. Automotive Pumps Market Trends And Strategies
4. Automotive Pumps Market - Macro Economic Scenario
5. Automotive Pumps Market Size And Growth
.......
26. Africa Automotive Pumps Market
27. Automotive Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Pumps Market
29. Automotive Pumps Market Future Outlook and Potential Analysis
30. Appendix
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