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Comprehensive Automotive Pumps Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Automotive Pumps
Automotive Pumps Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the recent past, there has been robust growth observed in the size of the automotive pumps market. It is projected to augment from $22.2 billion in 2024 to $23.39 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The historical growth witnessed can be credited to uplifted demand for fuel efficiency and decreased emissions, modifications in consumer tastes and their driving behavior, rules by the government and safety criteria, as well as enhancements in manufacturing methods.
Automotive Pumps Market Size Forecast: What's the Projected Valuation by 2029?
The market sizing of automotive pumps is predicted to witness a robust rise in the following years. It is projected to increase to a valuation of $29.73 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. The growth during the predicted timeframe can be accredited to the escalating demand for electric and hybrid vehicles, a heightened emphasis on sustainability and emission reduction, vehicle electrification, amplified focus on electric and hybrid powertrains, and the surging demand for electric and fuel cell vehicles. Prominent trends observed during the projection period involve the progression of energy-efficient pumps, employment of high-grade materials in pump components, implementation of variable-speed pump technologies, induction of electrified cooling and lubrication systems, and downsizing of pumps to achieve lighter and more compact designs.
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What Are the Drivers Transforming the Automotive Pumps Market?
The growth of the automotive pump market is anticipated to be spurred by increasing vehicle electrification. Sited within the operating system of the vehicle, an automotive pump operates by utilizing mechanical force or electricity from an engine to transport, compress, or lift fluids. Higher fuel costs are causing individuals to seek out more cost-effective solutions. Electric vehicles, which are both eco-friendly and economical, are gaining traction among the public. For example, in 2022, the aggregate sum of electric cars worldwide reached 26 million, a 60% increase from 2021 due to heightened sales. Therefore, the escalating trend towards vehicle electrification is fueling the expansion of the automotive pump market.
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What Long-Term Trends Will Define the Future of the Automotive Pumps Market?
The rise in the use of contemporary technologies is a noteworthy trend arising in the automotive pump market. Cutting-edge technologies such as the CVT oil pump can deliver steady and accurate hydraulic pressure. The CVT oil pump is an integral part of the constant variable transmission systems, providing the necessary hydraulic pressure needed to manipulate the transmission pulleys and belts and allow for smooth gear transitions. For example, Nidec Power Train Systems, a company based in Japan that manufactures automotive parts, introduced a specialized electric oil pump for use in Continuously Variable Transmissions (CVTs) in August 2023. The oil pump's distinguishing attribute is its highly efficient, high-pressure-range vane pump that provides oil pressure to the CVT system when a vehicle is in idle-stop mode, supplementing the mechanical oil pump powered by the engine. The pump features a unique control system that modifies motor output according to load conditions, delivering a hydraulic supply range from 0.3 to 4 MPa.
Which Segments in the Automotive Pumps Market Offer the Most Profit Potential?
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 Firms Dominate the Automotive Pumps Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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
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