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Automotive Pumps Market Share

ID: MRFR//1558-HCR | 110 Pages | Author: Sejal Akre| April 2024

In the realm of automotive pumps, market share positioning strategies play a pivotal role in determining the success and competitive edge of companies within the industry. These strategies are crafted with a keen focus on gaining a larger slice of the market and maintaining a strong foothold amidst fierce competition. One such strategy involves product differentiation, where companies strive to offer unique features or technologies in their pumps to stand out in the market. Whether it's enhancing pump efficiency, durability, or introducing innovative designs, differentiation allows companies to carve a niche for themselves and attract a loyal customer base.

Moreover, pricing strategies play a crucial role in market share positioning. Companies may opt for competitive pricing to gain an advantage over rivals, offering their pumps at a lower price point without compromising on quality. Alternatively, they may adopt a premium pricing strategy, positioning their pumps as high-end products with superior performance and reliability. By strategically pricing their offerings, companies can target different segments of the market based on factors such as consumer preferences, purchasing power, and perceived value.

Another key aspect of market share positioning in the automotive pumps market is distribution channels. Companies need to ensure widespread availability of their products through efficient distribution networks. This may involve partnering with established distributors, expanding retail presence, or leveraging e-commerce platforms to reach a broader customer base. By optimizing distribution channels, companies can increase their market reach and accessibility, thus enhancing their competitive position.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 4.10% (2023-2032)

Automotive Pumps Market Overview:

The Automotive Pumps Industry is projected to grow from USD 11.66 Billion in 2023 to USD 16.08 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.10% during the forecast period (2023 - 2032). The automotive pumps market size was valued at USD 11.2 Billion in 2022. The growing implementation of stringent environmental regulations, rising vehicle production and demand, and increasing vehicle electrification are the key market drivers enhancing market growth.

Automotive Pumps Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Pumps Market Trends

  • The increasing trend of engine downsizing is driving the market growth

Market CAGR for automotive pumps is driven by the rising trend of engine downsizing. OEMs are majorly concentrating on utilizing small engines with energy equal to or greater than present ones. Smaller engines support decrease the overall significance of the vehicle and, thus, enhance fuel efficiency in gasoline and diesel engines. For instance, most of the Mercedes-Benz and BMW automobiles manufactured now a days are fitted with a 4-cylinder engine rather of a 6-cylinder engine. A 4-cylinder engine improves the pressure needed in the engine to deliver the same power as a extensive engine with better efficiency. OEMs are also trying to downsize the engine to complete the emission standards set by governments. The downsizing of the engine is anticipated to develop new business possibilities for the market over the forecast period.

The growing need for environmentally friendly solutions has also forced producers to promote effective pumps. Several automobile systems need pumps, including steering, cooling, transmission, fuel, and oil. Expanding vehicle production, increasing vehicle jolt, developing environmental regulations' execution, and expanding the use of advanced automotive innovations like direct gas injection and programmed transmission are market-driving factors.

The automotive pumps are witnessing an increase in demand owing to the rising vehicle production, growing execution of environmental regulations, rising vehicle electrification, and the increasing integration of advanced automation techniques, including automatic transmission and gasoline turbocharged direct injection into vehicles which require dedicated automotive pumps for effective operation. Changing lifestyles and increasing urbanization have fueled the development of the automotive, driving the automotive pump market further. Furthermore, modern vehicles are prepared with smart technology and components that satisfy the latest emission, quality, security and performance standards, expanding the market's growth.

Moreover, the growth of automotive pumps market revenue is owing to a growing fleet of electric and hybrid vehicles, increased consumer spending, favorable regulatory frameworks, and the development of EV technologies, including full battery-electric and plug-in hybrid electric models. In 2020, consumer spending on electric vehicle purchases reached US$ 120 billion, and governments worldwide allocated US$ 14 billion to support electric vehicle sales, representing a 25% increase from 2019.

Automotive Pumps Market Segment Insights:

Automotive Pumps Product Insights

The automotive pumps market segmentation, based on product, includes fuel pumps, oil pumps, steering pumps, water pumps, fuel injection pumps, and others. The fuel pumps segment dominated the market, accounting for 35% of market revenue (4.1 Billion). Well-organized delivery of power from the fuel tank to the engine is essential to the very functioning of an car. Fuel pumps are therefore an essential automotive technology. However, the fuel injection pump is the fastest-growing category due to the increased demand for fuel-efficient vehicles.

Automotive Pumps Technology Insights

The automotive pumps market segmentation, based on technology, includes mechanical and electrical. The mechanical category generated the most income (70.4%). Mechanical automotive pumps utilize mechanical power to pump the liquid, while electric siphons use electric energy from an engine to pump the liquid. Mechanical pumps, otherwise called geared pumps, are precisely passed through drive belts or the camshaft and get power from a vehicle's motor. However, electrical is the fastest-growing category as electric pumps use electric energy from an engine to pump the liquid.

Automotive Pumps Vehicle Type Insights

The automotive pumps market segmentation, based on vehicle type, includes passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheeler. The passenger cars category generated the most income over the forecast period. This is due to the rising demand for passenger cars in developing countries and the rise in income levels in developing nations. However, light commercial vehicle is the fastest-growing category due to consumers' rising per capita income coupled with the adoption of advanced technologies, including the Advanced Driver Assistance System (ADAS), which is anticipated to accelerate the growth of the auto pump industry.

Figure 1: Automotive pumps market by Vehicle Type, 2022 & 2032 (USD Billion)

Automotive pumps market by Vehicle Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Pumps Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific automotive pumps market will dominate owing to the growing stringent emission norms, a paradigm shift of automakers toward vehicle electrification, and the growing demand for commercial vehicles from the logistics and e-commerce industries will boost the market growth in this region. Moreover, China’s Automotive Pumps market held the largest market share, and the Indian Automotive Pumps market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Pumps Market Share By Region 2022 (USD Billion)

Automotive Pumps Market Share By Region 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's automotive pump market accounts for the second-largest market share due to the implementation of stringent government regulations on emission levels. As a result, the high sales and production of electric vehicles (EVs) are expected to fuel market growth in this region. Further, the German automotive pumps market held the largest market share, and the UK automotive pumps market was the fastest-growing market in the European region.

The North American Automotive Pumps Market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to the increasing demand for automotive pumps in emerging nations such as India, Souhigh disposable income, th Korea, and China. Moreover, rapid industrialization and high growth of the automotive sector. Further, the US automotive pumps market held the largest market share, and the Canadian automotive pumps market was the fastest-growing market in the North American region.

Automotive Pumps Key Market Players & Competitive Insights

Leading market players are investing a huge amount in R&D to improve their product lines, which will assist the automotive pump market to grow even more. Market participants are also undertaking various strategic activities to enhance their footprint globally, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To survive and expand in a more competitive and rising market climate, the automotive pump industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive pump industry to benefit clients and increase the market sector. Major players in the automotive pumps market, including Continental AG, DENSO CORPORATION, Delphi Auto Parts, Robert Bosch Ltd, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Perkins Engines Company Limited, and others, are attempting to enhance market demand by investing in research and development operations.

Aisin Corp (Aisin), formerly Aisin Seiki Co Ltd, manufactures, develops and sells automobile parts and products related to lifestyle, wellness and energy. The firm offers a huge range of products, including drivetrain, engine-related products, brake and chassis, aftermarket products, sewing machines, beds, gas heat pump products, housing and audio-related equipment, cogeneration system, and among others. The company also carries out the processing of fiber lasers. Aisin provides a wide range of products covering approximately all automotive components. In December 2020, Aisin Corporation expanded its production system for electrification products -Aisin Tohoku to begin producing small and medium-sized motor products, mainly electric water pumps, in 2022. The electric water pumps to be newly produced are a product that contributes to the fuel efficiency of vehicles through thermal management, such as battery temperature control, for the maximized performance of components in hybrid electric vehicles and electric vehicles.

Robert Bosch GmbH, a subsidiary of Robert Bosch Stiftung GmbH, is a supplier of technology and services. The firm offers various products and solutions, such as auto parts and accessories, motor vehicle technology, eBike systems, household appliances, security systems, solar inverters, packaging technology, and industry and business process management solutions. In February 2019, Robert Bosch GmbH established an electric coolant pump, ECP 160. The coolant discharge of the pump can be controlled according to engine needs and can provide up to 14,700 liters per hour on need. The ECP 160 is scheduled to substitute mechanical pumps in combustion engines but can work in other applications, such as batteries, electric motors, or inverter cooling.

Key Companies in the Automotive Pumps market include

  • 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,

  • KSPG AG.

Automotive Pumps Industry Developments

August 2022: HELLA KGaA Hueck & Co, an automotive supplier operating under the FORVIA brand, announced the expansion of its existing thermal management portfolio with an electronic Valve Actuator and high-performance Media Pump for coolant circulation.

January 2022: Aisan Industry Co., Ltd., an engine component manufacturer, completed the acquisition of Denso Corporation's fuel pump module business. Through this activity, the company focused on strengthening its powertrain offering and market growth opportunities.

November 2019: Delphi Technologies introduced a highly innovative and redesigned fuel pump subsystem, showcasing its commitment to advancement in automotive technology.

Automotive Pumps Market Segmentation:

Automotive Pumps Product Outlook

  • Fuel Pump

  • Oil Pump

  • Steering Pump

  • Water Pump

  • Fuel Injection Pump

  • Others

Automotive Pumps Technology Outlook

  • Mechanical

  • Electrical

Global Automotive Pumps Vehicle Type Outlook

  • Passenger Car

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle

  • Two Wheeler

Automotive Pumps Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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