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Automotive Pumps Market worth $28.57 billion by 2030, growing at a CAGR of 7.51% - Exclusive Report by 360iResearch
Automotive Pumps Market | 360iResearch
The Global Automotive Pumps Market to grow from USD 17.20 billion in 2023 to USD 28.57 billion by 2030, at a CAGR of 7.51%.
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Automotive pumps are critical components within a vehicle's engine and various other systems. These pumps serve the fundamental function of moving fluids such as fuel, lubricants, transmission fluids, coolant, and brake fluid around the vehicle, facilitating the proper functioning and operation of various systems. Automotive pumps are engineered to maintain fluid movement and pressure in different circuits, ensuring that vehicles operate efficiently, reliably, and safely. An increase in vehicle production and sales coupled with technological advancements and stringent environmental regulations led to higher adoption of efficient pumps. Additionally, the rise in demand for electric and hybrid vehicles utilizing specific types of pumps is further increasing the application of various automotive pumps. However, high costs associated with advanced pump technologies and fluctuating raw material prices that can lead to inconsistent profit margins may challenge the market's growth. Additionally, meeting diverse and stringent regulatory standards globally poses its own set of challenges for market growth. Nevertheless, the development of lightweight and high-efficiency pumps to improve fuel economy & reduce emissions is expected to provide an opportunistic view for the market. Moreover, innovation and research, including the development of smart pumps with integrated sensors and control units for real-time monitoring and performance optimization, pose a growth factor for the market.
The automotive pump market in the Americas is characterized by the presence of major automotive manufacturers and a high adoption rate of advanced technologies. In this region, particularly in the United States and Canada, strict regulations on vehicle emissions and fuel efficiency standards drive innovation and development in this sector. Electric and fuel-efficient vehicles are gaining traction, leading to increased demand for high-efficiency automotive pumps, including fuel pumps, water pumps, and transmission oil pumps. Additionally, the aftermarket for automotive pumps in this region is robust due to the long vehicle ownership lifecycle. The EU region of EMEA stands out for its stringent environmental regulations, which promote the need for efficient and high-performance automotive pumps. Major economies, including Germany, France, and Italy, with their renowned automotive industry, are pivotal in the demand for innovative automotive pump solutions. The increasing emergence of electric and hybrid vehicles is also fuelling the need for new types of pumps, such as vacuum pumps for braking systems. The Asia Pacific region offers an opportunistic view for the growth of the automotive pump market, owing to vast automotive manufacturing hubs in China, Japan, South Korea, and India. Growing vehicle production, increasing vehicle parc, and rising demand for passenger vehicles are invigorating the automotive pump market. Moreover, government initiatives toward fuel-efficient vehicles are propelling the advancement and adoption of newer, more efficient automotive pump technologies.
Market Segmentation & Coverage:
This research report categorizes the Automotive Pumps Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Fuel Injection Pump, Fuel Pump, Headlight Washer Pump, Steering Pump, Transmission Oil Pump, Vacuum Pump, Water Pump, and Windshield Washer Pump. The Steering Pump commanded largest market share of 19.06% in 2023, followed by Fuel Pump.
Based on Technology, market is studied across Electric Pump and Mechanical Pump. The Mechanical Pump commanded largest market share of 58.76% in 2023, followed by Electric Pump.
Based on Engine Type, market is studied across Battery Electric Vehicles, Fuel Cell Electric Vehicles, Gasoline Engine, Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicle. The Gasoline Engine commanded largest market share of 47.02% in 2023, followed by Hybrid Electric Vehicles.
Based on Displacement, market is studied across Fixed Displacement and Variable Displacement. The Variable Displacement commanded largest market share of 66.94% in 2023, followed by Fixed Displacement.
Based on Vehicle, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Car. The Passenger Car commanded largest market share of 46.96% in 2023, followed by Heavy Commercial Vehicle.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.57% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Pumps Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Pumps Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Pumps Market, highlighting leading vendors and their innovative profiles. These include Aisin Corporation, Aptiv PLC, Atlas Copco AB, BorgWarner Inc., Carter Fuel Systems, Concentric AB, Cummins Inc., DENSO Corporation, Grundfos Holding A/S, Hella KGaA Hueck & Co., Hitachi Astemo, Ltd., Infineon Technologies AG, Johnson Electric Holdings Limited, KSB SE & Co. KGaA, Magna International Inc., Magneti Marelli S.p.A., MAHLE GmbH, Mikuni Corporation, Mitsubishi Electric Corporation, Pricol Limited, Rheinmetall AG, Robert Bosch GmbH, SHW AG, Ti Fluid Systems, Valeo SA, and ZF Friedrichshafen AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Pumps Market, by Type
7. Automotive Pumps Market, by Technology
8. Automotive Pumps Market, by Engine Type
9. Automotive Pumps Market, by Displacement
10. Automotive Pumps Market, by Vehicle
11. Americas Automotive Pumps Market
12. Asia-Pacific Automotive Pumps Market
13. Europe, Middle East & Africa Automotive Pumps Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Pumps Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Pumps Market?
3. What is the competitive strategic window for opportunities in the Automotive Pumps Market?
4. What are the technology trends and regulatory frameworks in the Automotive Pumps Market?
5. What is the market share of the leading vendors in the Automotive Pumps Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Pumps Market?
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