Press release
Rising Electrification Of Vehicles Driver: Leading Transformation in the Automotive Pumps Market in 2025
Automotive Pumps Market
Anticipated advancements in vehicle electrification are set to spur the expansion of the automotive pump market. The automotive pump operates by elevating, compressing or moving fluids throughout the vehicle's operating system using mechanical power or electrical energy generated by a motor. The rising fuel prices are compelling commuters to explore more cost-effective alternatives. Electric vehicles, a zero-emissions and affordable choice, are increasingly becoming popular. To illustrate, in 2022, the surge in electric vehicle sales raised the total global count of electric cars to 26 million, marking a relative increase of 60% from 2021. Consequently, the progressive electrification of vehicles is fueling the growth of the automotive pump industry.
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What is the projected compound annual growth rate (CAGR) of the automotive pumps market from 2025 to 2034, and what factors influence it?
The market size for automotive pumps has seen a substantial growth in the past years. An increase from $22.2 billion in 2024 to $23.39 billion in 2025 is anticipated, with a compound annual growth rate (CAGR) of 5.3%. Factors such as heightened demand for fuel efficiency, decrease in emissions, shift in customer tastes and driving patterns, government rules and safety regulations, and enhancements in production techniques contributed to the growth experienced in the past.
It is projected that the market size for automotive pumps will experience substantial growth in the coming years, escalating to $29.73 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. This expansion during the forecast period can be explained by the rising demand for electric and hybrid vehicles, an escalating emphasis on sustainability and emission reduction, vehicle electrification, and an increased focus on electric and hybrid powertrains, along with a surge in demand for electric and fuel cell vehicles. Major trends throughout this forecast period are expected to be the creation of energy-efficient pumps, the utilization of innovative materials in pump components, the introduction of variable-speed pump technologies, the emergence of electrified cooling and lubricating systems, and the miniaturization of pumps resulting in lightweight and compact designs.
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How are the latest trends influencing the growth of the automotive pumps market?
The surge in new technology adoption is emerging as a prominent trend in the automotive pump market. Cutting-edge technologies like CVT oil pump offer accurate and uniform hydraulic pressure. A CVT oil pump, a fundamental part of continuously variable transmission frameworks, delivers hydraulic pressure to manage and regulate the transmission's pulleys and belts, guaranteeing seamless and effective gear shifting. For instance, Nidec Power Train Systems, a manufacturer of automobile parts from Japan, launched an electric oil pump in August 2023 for specific use in Continuously Variable Transmissions (CVTs). The primary attribute of this oil pump is the encapsulation of a productive, high-pressure-range vane pump with intentions to provide oil pressure to the CVT system during a vehicle's idling-stop phase, aiding the engine-powered mechanical oil pump. It includes a distinctive control system that modifies motor yield dependent on different load circumstances, ensuring a hydraulic supply range fluctuating between 0.3 and 4 MPa.
What are the major segments of the automotive pumps market and their role in driving growth?
The automotive pumps market covered in this report is segmented -
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
Subsegments:
1) By Automotive Fuel Injection Pumps: Electronic Fuel Injection (EFI) Pumps, Mechanical Fuel Injection Pumps
2) By Automotive Fuel Supply Pumps: In-tank Fuel Pumps, Inline Fuel Pumps
3) By Automotive Engine Oil Pumps: Gear-Type Oil Pumps, Rotor-Type Oil Pumps, Variable Displacement Oil Pumps
4) By Automotive Transmission Oil Pumps: Automatic Transmission Oil Pumps, Manual Transmission Oil Pumps
5) By Automotive Coolant Pumps: Mechanical Coolant Pumps, Electric Coolant Pumps
6) By Automotive Steering Pumps: Hydraulic Steering Pumps, Electric Power Steering Pumps
7) By Automotive Vacuum Pumps: Diaphragm Vacuum Pumps, Rotary Vane Vacuum Pumps
8) By Automotive Windshield Washer Pumps: Electric Washer Pumps, Manual Washer Pumps
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Which regions are key players in the growth of the automotive pumps market?
Asia-Pacific was the largest region in the automotive pumps market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the automotive pumps market?
Major companies operating in the automotive pumps market include 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
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What Is Covered In The Automotive Pumps Global Market Report?
•Market Size Forecast: Examine the automotive pumps market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive pumps market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive pumps market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive pumps market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive pumps market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive pumps market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive pumps market.
•Competitive Landscape: Review strategic developments in the automotive pumps market, including expansions, agreements, and new product launches.
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