Press release
Automotive Pumps Market Global Report 2025: Trends, Growth Drivers, and Forecast (2025-2034)
Automotive Pumps Market
Enthralling Market Size and Staggering Growth in Automotive Pumps Arena
The automotive pumps market has been making headlines with its robust growth rates. In numbers:
- From $22.2 billion in 2024, it will jump to reach $23.39 billion in 2025, boasting a CAGR of 5.3%.
- The market will further accelerate to hit $29.73 billion by 2029, representing a CAGR of 6.2%.
The growth drivers behind these great leaps include increased demands for fuel efficiency and reduced emissions, favorable government regulations and safety standards, and advancements in manufacturing processes. Additionally, the shaping trends towards electric and hybrid vehicles, along with environmental sustainability and emission reduction are also fueling the market growth.
What Is Driving The Growth In The Automotive Pumps Market?
The rising popularity of electric vehicles (EVs) is one of the key forces propelling the automotive pump market growth. As fuel prices hike, consumers are turning to budget-friendly EVs, which offer zero-emissions. For evidence, global sales of EVs surged by a whopping 60% in 2022, expanding the total count of electric cars to 26 million. Hence, this trend towards EVs is triggering robust growth in the automotive pump market.
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Who Are the Key Players Driving Automotive Pumps Market Growth?
- Aisin Seiki Co. Ltd.
- Denso Corporation
- Robert Bosch GmbH
- Johnson Electric Holdings Limited
- KSPG AG
- Magna International Inc.
- SHW AG
- ZF Friedrichshafen AG
- Continental AG
- Concentric AB
- Hella KGaA Hueck & Co.
- Seiki Co. Ltd.
- Valeo SA
- Hitachi Automotive Systems Ltd.
- JTEKT Corporation
- Magneti Marelli SpA
- Delphi Technologies plc
- TI Automotive Inc.
- Rheinmetall Automotive AG
- MS Motorservice International GmbH
- GMB Corporation
- Pierburg GmbH
- Mahle GmbH
- BorgWarner Inc.
- Schaeffler AG
- Mikuni Corporation
- Bosch Mahle Turbo Systems GmbH & Co KG
- SMP Deutschland GmbH
- Melling Engine Parts
- Gates Corporation
What Are The Key Trends In The Automotive Pumps Market?
- Development of energy-efficient pumps,
- Adoption of advanced materials for pump components
- Integration of variable-speed pump technologies
- Electrified cooling and lubrication systems
- Miniaturization of pumps for lightweight and compact designs
What Are The Segments Of The Global Automotive Pumps Market?
- Pump Types: 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
- Electric Vehicle Types: BEV, FCEV, HEV, PHEV
- Technology Types: Electric Automotive Pumps, Mechanical Automotive Pumps
Which Region Leads The Automotive Pumps Market?
Asia-Pacific is leading the global automotive pumps market, having the largest regional market share in 2024. Moreover, the region is expected to be the fastest-growing in the forecast period. Other regions discussed in the report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Automotive Pumps Global Market Report?
- Market Size Analysis: Analyze the Automotive Pumps Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Pumps Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Pumps Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Pumps Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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