Automotive Pump Market - Forecast(2024 - 2030)

Report Code: ESR 0443 Report Format: PDF + Excel

Automotive Pump Market Overview

Automotive Pump Market size was $14.4 billion in 2021 and is estimated to witness 4.3% CAGR during the forecast period 2022-2027. Automotive pumps perform different functions including raising, compressing, or transferring automotive fluids by mechanical action and facilitate circulation of fluids around a system for a vehicle’s operational performance. Rising vehicle electrification, as well as electric power steering, are projected to propel the Automotive Pump industry globally. Automobile oil pumps are used to lubricate and cool moving parts as well as supply oil pressure to components particularly as Transmission Oil Pump, Engine Oil Pump and Brake Oil Pump. The rise in demand for fuel-efficient vehicles have prompted manufacturers to install electric oil pumps and fuel injection pumps in their vehicles, which is expected to significantly propel the global Automotive Pump market. In 2021 Concentric AB has collaborated with a global Tier 1 manufacturer of fully automatic transmissions for medium and heavy-duty commercial vehicles to create a new pump for use in their "start/stop" technology . This collaboration is estimated to boost the market demand. Moreover electric steering pumps as well as general electric pumps demand is rapidly increasing as it helps to overcome the problem of low torque at low speeds to ensure good performance even at very low oil temperatures.

Report Coverage

The report: “Automotive Pump Market Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Automotive Pump Market Report.

By Vehicle Type : Passenger Vehicle, Light Commercial Vehicles, Heavy Commercial Vehicles
By Technology: Electrical, Mechanical
By Type: Fuel Pump, Oil Pump, Water Pump, Steering Pump, Transmission Oil Pump, Fuel Injection Pump, Vacuum Pump, Windshield Pump and Others
By Displacement Type: Variable Displacement, Fixed Displacement
By Distribution Channel: Original equipment manufacturer, Aftermarket.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Spain, Italy and Others), APAC (China, Japan, South Korea, India, Australia and Others), and South America(Brazil, Argentina, Colombia and others), RoW (Middle East and Africa).

Key Takeaways

  • Increased demand for passenger vehicles due to rapid urbanization, rising disposable income, and stable economic conditions, is driving the Automotive Pump industry growth.
  • Increased demand for power steering in passenger vehicle as well as in commercial vehicle is driving the Automotive Pump industry demand.
  • APAC region account for the largest share 34.2% of the Automotive Pump Market owing to the high vehicle production by the manufacturers such Suzuki, Toyota, Honda and others.

Automotive Pump Market, By Distribution Channel, 2021 (%)



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Automotive Pump Market Segment Analysis - By Vehicle Type

Passenger Vehicles held major share of 28.5% in 2021. Increased demand for power steering in passenger vehicle as well as in commercial vehicle is driving the Automotive Pump Market demand owing to the factor that a pump helps to operate an oil hydraulic mechanism that is designed to facilitate steering by the vehicle’s drive and enables the handling of larger vehicles without the driver having to put effort on the steering wheel. Moreover, the global trend toward lower fuel consumption has resulted in the increased in production of electric vehicles, and all such electric vehicles are equipped with an pumps to perform its functions in the vehicle, and thus this factor is driving market demand. In 2019, JTEKT Corporation opened a new production facility in Morocco, the new plant was designed to begin mass production of electric power steering systems, and it is expected that this new production of electric power steering will increase the market demand.

Automotive Pump Market Segment Analysis - By Distribution Channel

The OEM segment is expected to grow at the largest CAGR of 27.1% during the forecast period 2022-2027, due to increased number of electric oil pump units produced by the OEMs. It is supported by low labor costs and stable economies, which aid in the localization of manufacturing units for key OEMs, thereby avoiding heavy import duty taxes. The cost of one unit of electric oil pump for OEM is lower, due to agreements between OEM and component suppliers, incentives provided to OEMs, and lower production costs because OEM production is done on a mass scale.

Automotive Pump Market Segment Analysis - By Geography

APAC region account for the largest share 34.2% in 2021 of the Automotive Pump Market owing to the high vehicle production by the manufacturers such Suzuki, Toyota, Honda and others. Moreover, increase in demand for passenger’s vehicle in the countries such as Japan, South Korea, and China is driving the market for APAC region. Moreover over the last decade, concern about ecological imbalances caused by vehicular emissions has risen in countries such as India, China, and Malaysia. This concern have compelled major vehicle manufacturers to shift their focus toward low-emission vehicles. The lubricating process used in electric oil pump helps to maintain fuel efficiency and reduce emissions which is further estimated to propel the market demand. Furthermore, the European region is also projected to witness high demand owing to the presence of large automotive manufacturing and a pioneer in the early adoption of vehicle electrification. Strict environmental policies and pollution control measures, such as EURO6, are likely to accelerate the region's adoption of high-performance Transmission Oil Pump. 

Automotive Pump Market Drivers

Automakers' increasing emphasis on fuel-efficient vehicles

To meet the increasing demand for fuel efficiency and vehicle capability, automakers have introduced advanced technologies, the automotive pump helps to enhance vehicle efficiency as it delivers fuel at an optimized pressure as per the requirement of the engine. For instance, in hybrid vehicle to perform start and stop engine system in an idle standing of a vehicle the automotive oil pump support by maintaining oil pressure and lubricating the vehicle components which further results in increasing fuel efficiency. Moreover these pumps, also supply oil even when the engine is switched off and are characterized by high voltage, oil-pressure, and flow rate with less noise. Thus, these factors driving the Automotive Pump Market. According to BlueGreen Alliance, between 2012 and 2022, automakers have spent nearly $80 billion on building more fuel efficient vehicles. This investment will drive demand for automotive pumps

Government regulations and support

Governments around the world is providing incentives to adopt battery electric vehicles in order to reduce vehicle emissions, which in turn promotes the adoption of the Automotive Pump market. In February 2021 the Indian government intends to subsidize approximately 62,000 electric passenger cars and buses, in addition to the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme, which is being implemented with a total budgetary support of Rs 10,000 crore. Thus due to such government support the Automotive Pump Market is projected to propel for the forecasted period 2022-2027.

Automotive Pump Market Challenges

High upfront cost of Electric Pumps

The price of an electric pump is higher than the price of a conventional pump due to advancements in materials, components, and systems. As a result of the high cost of the Automotive Pump, the price of the vehicle equipped with an electric oil pump is higher. This is likely to have a negative impact on the market during the forecast period. Moreover, Pump electrification for engine applications is accomplished by incorporating electronic components such as ECUs, sensors, and microcontrollers with actuators and these factors are resulting in high cost and is estimated to hamper the growth of the market. These electric pumps can even go up $1000 for electric fuel pump applications with mechanical pumps being much cheaper in the $200-$500 range.

Automotive Pump Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Automotive pump market. Automotive Pump top 10 companies – 

  • Delphi Automotive PLC
  • FTE Automotive
  • Johnson Electric
  • Magna Powertrain, Inc.
  • Robert Bosch GmbH
  • HUSCO Automotive
  • DENSO Corporation
  • Mitsubishi Electric Corporation
  • Johnson Electric
  • Rheinmetall Automotive AG.

Recent Developments

In February 2021 Ford plans to invest $1 billion in an electric vehicle production facility in Cologne, Germany which is further estimated to propel the requirement of automotive pumps into the electric vehicles and thus boost the Automotive Pump Market.
In June 2020, BMW AG announced the introduction of 25 hybrid electric vehicle models across the world, this is projected to boost the market demand as more hybrid electric vehicle require more automotive pumps.
In November 2021, Gates launched a next generation ThermalPro Electric Water Pump for Electric Vehicle applications.

Relevant Report Titles:

Report Code: ATR 0020

Report Code: ATR 0027

Automotive Electric Oil Pump Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 – 2027

Report Code: AM 44310

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1. Automotive Pumps Market - Overview
    1.1 Definitions and Scope
2. Automotive Pumps Market - Executive summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by type of Application
    2.3 Key Trends segmented by Geography
3. Automotive Pumps Market
    3.1 Comparative analysis
        3.1.1 Product Benchmarking - Top 10 companies
        3.1.2 Top 5 Financials Analysis
        3.1.3 Market Value split by Top 10 companies
        3.1.4 Patent Analysis - Top 10 companies
        3.1.5 Pricing Analysis
4. Automotive Pumps Market - Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Automotive Pumps Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Automotive Pumps Market Forces
    6.1 Drivers
    6.2 Constraints
    6.3 Challenges
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Automotive Pumps Market - Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Market Share
8. Automotive Pumps Market - By Product Type (Market Size -$Million / $Billion)
    8.1 Market Size and Market Share Analysis
    8.2 Application Revenue and Trend Research
    8.3 Product Segment Analysis
        8.3.1 Fuel Pump
        8.3.2 Oil Pump
        8.3.3 Water Pump
        8.3.4 Windshield Washer Pump
        8.3.5 Steering Pump
        8.3.6 Transmission Pump
        8.3.7 Fuel Injection Pump
        8.3.8 Vacuum Pump
9. Automotive Pumps Market - By Vehicle Type (Market Size -$Million / $Billion)
    9.1 Passenger Car
    9.2 Light Commercial Vehicles
    9.3 Heavy Commercial Vehicles
10. Automotive Pumps Market - By Displacement Type (Market Size -$Million / $Billion)
    10.1 Variable Displacement
    10.2 Fixed Displacement
11. Automotive Pumps Market - By Technology (Market Size -$Million / $Billion)
    11.1 Electrical
    11.2 Mechanical
12. Automotive Pumps - By Geography (Market Size -$Million / $Billion)
    12.1 Automotive Pumps Market - North America Segment Research
    12.2 North America Market Research (Million / $Billion)
        12.2.1 Segment type Size and Market Size Analysis
        12.2.2 Revenue and Trends
        12.2.3 Application Revenue and Trends by type of Application
        12.2.4 Company Revenue and Product Analysis
        12.2.5 North America Product type and Application Market Size
            12.2.5.1 U.S
            12.2.5.2 Canada
            12.2.5.3 Mexico
            12.2.5.4 Rest of North America
    12.3 Automotive Pumps- South America Segment Research
    12.4 South America Market Research (Market Size -$Million / $Billion)
        12.4.1 Segment type Size and Market Size Analysis
        12.4.2 Revenue and Trends
        12.4.3 Application Revenue and Trends by type of Application
        12.4.4 Company Revenue and Product Analysis
        12.4.5 South America Product type and Application Market Size
            12.4.5.1 Brazil
            12.4.5.2 Venezuela
            12.4.5.3 Argentina
            12.4.5.4 Ecuador
            12.4.5.5 Peru
            12.4.5.6 Colombia
            12.4.5.7 Costa Rica
            12.4.5.8 Rest of South America
    12.5 Automotive Pumps- Europe Segment Research
    12.6 Europe Market Research (Market Size -$Million / $Billion)
        12.6.1 Segment type Size and Market Size Analysis
        12.6.2 Revenue and Trends
        12.6.3 Application Revenue and Trends by type of Application
        12.6.4 Company Revenue and Product Analysis
        12.6.5 Europe Segment Product type and Application Market Size
            12.6.5.1 U.K
            12.6.5.2 Germany
            12.6.5.3 Italy
            12.6.5.4 France
            12.6.5.5 Netherlands
            12.6.5.6 Belgium
            12.6.5.7 Denmark
            12.6.5.8 Spain
            12.6.5.9 Rest of Europe
    12.7 Automotive Pumps - APAC Segment Research
    12.8 APAC Market Research (Market Size -$Million / $Billion)
        12.8.1 Segment type Size and Market Size Analysis
        12.8.2 Revenue and Trends
        12.8.3 Application Revenue and Trends by type of Application
        12.8.4 Company Revenue and Product Analysis
        12.8.5 APAC Segment - Product type and Application Market Size
            12.8.5.1 China
            12.8.5.2 Australia
            12.8.5.3 Japan
            12.8.5.4 South Korea
            12.8.5.5 India
            12.8.5.6 Taiwan
            12.8.5.7 Malaysia
            12.8.5.8 Hong kong
            12.8.5.9 Rest of APAC
    12.9 Automotive Pumps - Middle East Segment and Africa Segment Research
    12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
        12.10.1 Segment type Size and Market Size Analysis
        12.10.2 Revenue and Trend Analysis
        12.10.3 Application Revenue and Trends by type of Application
        12.10.4 Company Revenue and Product Analysis
        12.10.5 Middle East Segment Product type and Application Market Size
        12.10.5.1 Israel
        12.10.5.2 Saudi Arabia
        12.10.5.3 UAE
        12.10.6 Africa Segment Analysis
            12.10.6.1 South Africa
            12.10.6.2 Rest of Middle East & Africa
13. Automotive Pumps Market - Entropy
    13.1 New product launches
    13.2 M&A s, collaborations, JVs and partnerships
14. Automotive Pumps Market - Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by Region- Top 10 companies
        14.1.3 Market Share by type of Application - Top 10 companies
        14.1.4 Market Share by type of Product / Product category- Top 10 companies
        14.1.5 Market Share at global level - Top 10 companies
        14.1.6 Best Practises for companies
15. Automotive Pumps Market - Key Company List by Country Premium Premium
16. Automotive Pumps Market Company Analysis
    16.1 Market Share, Company Revenue, Products, M&A, Developments
    16.2 Delphi Automotive LLP
    16.3 Denso Corporation
    16.4 Johnson Electric
    16.5 KSPG AG A Rheinmetall Company
    16.6 Magna International Inc.
    16.7 Mikuni Corporation
    16.8 Robert Bosch GmbH
    16.9 SHW AG
    16.10 TRW Automotive