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The Global Automotive Pumps Market, by Pump Type (Fuel Supply Pump, Fuel Injection Pump, Transmission Oil Pump, Engine Oil Pump, Steering Pump, Coolant Pump, Windshield Washer Pump and Vacuum Pump), by Sales Channel (OEM and Aftermarket), by Technology (Electric and Mechanical), by Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Forecast to 2027”, is expected to be valued at US$ 67214.51 Million by 2027, exhibiting a CAGR of 3.8 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights. – PowerPoint PPT presentation

Number of Views:16
Date added: 29 July 2020
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Provided by: Shubham99
Tags: automotive | pumps


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  • Coherent Market Insights
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Market Overview
  • Automotive pumps are essential component in an
    automobile or any other internal combustion
    engined device to transfer fluid and to enhance
    fuel efficiency as well as vehicle performance.
    Generally, automotive pumps are used in a variety
    of vehicle parts including steering,
    transmission, coolant, fuel, and lubrication.
    Automotive pumps have witnessed significant
    demand, in order to provide environment-friendly
    solutions in automobile. On the basis of vehicle
    type, the automotive pumps market has been
    segmented into passenger cars, light commercial
    vehicles and heavy commercial vehicles. On the
    basis of sales channel, the market has been
    segmented into original equipment manufacturer
    (OEM) and aftermarket.
  • The global Automotive Pumps Market was accounted
    for US 51,885.07 Mn in terms of value and
    738,923 units in terms of volume in 2019 and is
    expected to grow at CAGR of 3.8 for the period

Market Dynamics- Drivers
  • Wider scope of use for pumps with development in
    technology is expected to drive growth of the
    global automotive pumps market during the
    forecast period
  • Automobile produced these days are equipped with
    advanced technology and smart features that
    fulfill the latest safety, quality, emission, and
    performance standards. On the contrary, consumers
    are increasingly becoming price-sensitive and are
    preferring automobiles with superior comfort
    features at a reasonable cost. Furthermore, over
    the last decade, manufacturers in the market have
    started incorporating numerous advanced
    technologies such as power steering, gasoline
    direct injection, gasoline turbochargers, and
    automatic transmission into automobiles. Such
    technologies require automotive pump to ensure
    efficient operation. Hence, these factors are
    expected to drive growth of the market in the
    near future.
  • Growing automotive production worldwide is
    expected to propel the global automotive pumps
    market growth over the forecast period
  • Automotive pumps have witnessed significant
    demand in the recent past, due to growing
    automotive production and vehicle parc. In fact,
    irrespective of economic conditions across the
    globe, the global automotive industry has
    performed satisfactorily. According to Coherent
    Market Insights analysis, automotive production
    is expected to register a CAGR of 3-3.5 during
    the forecast period. Moreover, automotive
    production is expected to be higher in emerging
    economies as compared to developed countries.
    This is owing to growing urbanization and stable
    economic conditions in these countries. Thus,
    these factors are expected to propel the global
    automotive pumps market growth over the forecast

  • Asia Pacific region dominated the global
    Automotive Pumps Market in 2019, accounting for
    42.3 share in terms of value, followed by
    Europe, North America, Middle East and Africa and
    Latin America.

Market Dynamics- Restraints
  • Low replacement rate and aftermarket potential
    are expected to hinder the global automotive
    pumps market growth during the forecast period
  • Automotive pumps are an integral part of the
    transmission, driveline and auxiliary systems,
    which are rarely replaced in automotive.
    Replacement rate across the globe varies
    according to the category of pump, ranging
    between 0.1 and 1 of the vehicle parc. Growing
    technological advancements is expected to further
    reduce replacement rate during the forecast
    period. Therefore, very low potential offered by
    aftermarket and low replacement rate is expected
    to hinder the global automotive pumps market
    growth in the near future.
  • Availability of better substitutes in terms of
    electric motors for pumps are expected to hamper
    the global automotive pumps market growth over
    the forecast period
  • Automotive pumps are actuated using electrical or
    mechanical energy and are accordingly classified
    as electric or mechanical pumps. Certain
    functionalities offered by steering or brake
    booster pumps can also be achieved by using
    electric motors. This, in turn, is expected to
    hamper the market growth over the forecast

Market Opportunities
  • Providing custom-made pumps can present lucrative
    growth opportunities
  • Majority of automotive pump manufacturers laying
    emphasis on product differentiation, in order to
    maintain competitive advantage in the market.
    Automakers are introducing major changes in
    automotive and associated product designs, in
    order to cater to ever-changing consumer demands.
    Moreover, these manufactures are providing
    customized and requirement-specific products such
    as low vibration, brushless fuel pumps, and
    compact pumps for automakers. Offering such
    products is a potential opportunity to secure
    long-term supply contracts from automakers.
  • Enhancing product line to offer a complete
    solution can provide major business opportunities
  • Pump manufacturers can offer a pump as solution
    rather than a product to automakers in order to
    sustain market share. Monitoring systems,
    controlling solutions and other auxiliaries can
    be integrated along with pumps 

Market Trends
  • Growing product launches, in order, expand the
    product portfolio
  • Key players in the market are focused on product
    launches, in order to expand product portfolio
    and gain market share. For instance, in 2015,
    Behr Hella Service added around 100 commercial
    vehicle water pumps for common vehicles makes to
    its portfolio. Moreover, in 2014, Hella extended
    its portfolio by introducing new product groups
    of thermostats, differential pressure sensors,
    vacuum pumps, and accelerator pedals.
  • Introduction of high quality automotive pumps to
    enhance vehicle efficiency
  • Introducing novel products with innovative
    technology are an essential part of automotive
    industry. Moreover, auto manufacturers are
    developing and experimenting with innovative
    technologies that will help enhance vehicle
    performance, adjunct functioning, fuel injection,
    braking, aesthetics, and transmission. Hence, the
    demand for customized automotive products is
    increasing significantly. Moreover, many OEMs in
    the market are focused on launching innovative
    products, in order to enhance their market
    presence. For instance, in 2011, Delphi
    introduced Premium GDi High Pressure Fuel Pump to
    its gasoline direct injection products.

Segment information
  • In global Automotive Pumps Market, by technology,
    Electric sub-segment dominated the global market
    in 2019, accounting for 76.2 share in terms of
    value, followed by Mechanical.

Competitive Section
  • Key players operating in the global automotive
    pumps market are JTEKT Corporation, ZF TRW
    Automotive Holdings Corp., Aisin Seiki Co. Ltd.,
    WABCO Holdings, Inc., Concentric AB, TI
    Automotive Ltd., Continental AG, SHW AG, Delphi
    Automotive LLP, Pricol Ltd., DENSO Corporation,
    Robert Bosch GmbH, HELLA KGaA Hueck Co.,
    Magneti Marelli S.p.A, Hitachi Automotive
    Systems, Ltd., Magna International Inc., Johnson
    Electric Holdings Limited, and KSPG AG.

Key Developments
  • Key players in the market are focused on product
    launches, in order to expand product portfolio.
    For instance, in January 2019, JTEKT Corporation
    introduced its latest mobility technologies
    including automotive pumps at North American
    International Auto Show (NAIAS).
  • Major market players are involved in contracts
    and agreements, in order to gain a competitive
    edge in the market. For instance, in April 2018,
    Concentric AB entered into a contract with ZF
    Friedrichshafen AG for electric oil pump

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  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
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