Press release
Automotive Pumps Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Automotive Pumps
What Is the Expected Automotive Pumps Market Size During the Forecast Period?
Over the recent years, there's been a notable expansion in the size of the automotive pumps market. The market which stands at $22.2 billion in 2024, is projected to rise to $23.39 billion in 2025, marking a compound annual growth rate (CAGR) of 5.3%. This substantial growth during the historical period can be linked to increased calls for fuel efficiency and decreased pollutant emissions, variations in consumer choices and driving habits, governmental policies and security guidelines, and advancements in manufacturing procedures.
Strong expansion is anticipated in the automotive pumps market in the coming years, with the market size projected to reach $29.73 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth during the forecast period include the rising demand for electric and hybrid vehicles, an increased emphasis on sustainability and emission reduction, vehicle electrification, and growing interest in electric and hybrid powertrains and fuel cell vehicles. Notable trends for the forecast period encompass the design of energy-saving pumps, use of state-of-the-art materials in pump components, incorporation of variable-speed pump technologies, implementation of electrified cooling and lubrication systems, and downsizing of pumps to achieve lighter and more compact designs.
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What Are the High-Growth Segments in the Automotive Pumps Market?
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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What Key Drivers Are Expected to Influence Future Automotive Pumps Market Growth?
The surge in vehicle electrification is anticipated to fuel the expansion of the automotive pump market. An automotive pump works by moving, compressing, or distributing fluids throughout the vehicle's operating system utilizing mechanical force or electric power from a motor. Escalating fuel prices are prompting travelers to consider less expensive alternatives. Electric vehicles, offering zero-emissions and being cost-effective, are becoming more popular. For example, the rise in electric vehicle sales in 2022 led to an increase in the number of electric vehicles on global roads to 26 million, a jump of 60% compared to 2021. Therefore, the buoyant trend in vehicle electrification is propelling the expansion of the automotive pump market.
Which Companies Hold the Largest Share Across Different Automotive Pumps Market Segments?
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
What Trends Are Driving Growth in The Automotive Pumps Market?
One key trend gaining momentum in the automotive pump market is the increased utilization of novel technologies. Innovations such as the CVT oil pump offer accurate and stable hydraulic pressure. The CVT oil pump plays a crucial role in the Continuously Variable Transmission systems by supplying hydraulic pressure to manage and operate the transmission's pulleys and belts, facilitating smooth and effective gear shifting. For example, in August 2023, Nidec Power Train Systems, an automobile parts manufacturer based in Japan, introduced an electric oil pump specifically designed for Continuously Variable Transmissions (CVTs). A distinguishing feature of this oil pump is its incorporation of an efficient, high-pressure-range vane pump designed to provide oil pressure to the CVT system while a vehicle is in idling-stop mode, complementing the engine-driven mechanical oil pump. It includes an exclusive control system that modifies motor output according to load conditions, maintaining a hydraulic supply range from 0.3 to 4 MPa.
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What Are the Emerging Geographies for The Automotive Pumps Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Pumps Market?
2. What is the CAGR expected in the Automotive Pumps Market?
3. What Are the Key Innovations Transforming the Automotive Pumps Industry?
4. Which Region Is Leading the Automotive Pumps Market?
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