Automotive Pumps Market Size, Share, Analysis, Trends, Growth, 2032

Automotive Pumps Industry Prospective:

The global automotive pumps market size was worth around USD 12.04 Billion in 2023 and is predicted to grow to around USD 18.04 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.6% between 2024 and 2032.

Request Free Sample

The report analyzes the global automotive pumps market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the automotive pumps industry. 

Automotive Pumps Market: Overview

Pumps implied for transferring automotive fluids to automobiles are called automotive pumps. These pumps are gaining popularity globally for improvising a vehicle’s performance and fuel efficiency. Automotive pumps are utilized in numerous automotive parts, such as steering wheels, coolant, lubrication, and transmission.

Automotive manufacturers across the globe are primarily focused on constant enhancement of various automotive technologies. Many automobile manufacturers are observed to be involved in the automation of vehicles, which is a significant factor driving the automotive pumps market. Numerous automotive manufacturers are collaborating with IT enterprises for developing autonomous driving technologies and scrutinizing information accumulated from connected cars. Moreover, automotive pumps are significantly trending in the automotive industry due to their fuel efficiency. 

Request Free Sample

Automotive Pumps Market: Growth Factors

Electric pumps offer various benefits as compared to mechanical pumps, such as high efficiency and low-temperature fluctuations. Due to these factors, the replacement of mechanical pumps by electrical pumps is globally trending. The adoption of electric pumps is elevating globally, as it can efficiently operate at high pressures. Many automotive manufacturers are opting for electric pumps to comply with different mandatory environmental government regulations.

Electric pumps are independent of any engine operations and effectively reduce carbon dioxide emissions from combustion engines. Moreover, electric pumps play a vital role in an electric vehicle. The rising demand for electric vehicles is simultaneously driving the automotive pumps market. By the end of 2032, over 125 billion electric vehicles are anticipated to be on the road.

The expansion of the market for automotive pumps will be in the hands of a number of important elements. To begin, the demand for automotive pumps will increase as a result of the growing production and sales of vehicles around the world, which will be driven by the rising demand from consumers and the expansion of the economy. In addition, tight laws on fuel efficiency and emissions are prompting manufacturers of automobiles to employ innovative pump technology in order to improve engine performance and minimize emissions.

In addition, the increasing popularity of electric vehicles (EVs) and hybrid vehicles is generating prospects for electric pumps, particularly for the circulation of coolant and the management of thermal systems. In addition, technical improvements such as the creation of pump designs that are more efficient and lightweight, as well as the incorporation of smart pump systems, will be the driving force behind market expansion by enhancing the overall efficiency and performance of vehicles.

Automotive Pumps Market: Report Scope

Automotive Pumps Market: Segmentation

By vehicle, the automotive pumps market includes light commercial vehicles, passenger cars, and heavy commercial vehicles. The passenger cars segment is anticipated to hold the highest market share in the upcoming years. By product, the market is fragmented into windshield washer pumps, fuel pumps, vacuum pumps, steering pumps, oil pumps, transmission pumps, fuel injection pumps, and water pumps. The fuel injection pumps segment is expected to hold the largest share of the automotive pumps market in the future.

The Asia Pacific automotive pumps market is expected to hold the largest share globally, owing to the increasing collaboration of Chinese companies with other international companies manufacturing automotive pumps. Europe is expected to grow notably, in terms of revenue, in the upcoming years owing to the significant regional presence of renowned market players.

Automotive Pumps Market: Competitive Space

Some noticeable players in the automotive pumps market are

• Delphi Automotive
• Aisin Seiki
• Magna International
• TRW Automotive
• SHW
• Robert Bosch
• Mikuni Corporation
• Denso Corporation
• KSPG AG
• Johnson Electric
• And Others

This report segments the global automotive pumps market into:

Global Automotive Pumps Market: By Vehicle

• Heavy Commercial Vehicles
• Light Commercial vehicles
• Passenger Cars

Global Automotive Pumps Market: By Product

• Windshield Washer Pumps
• Water Pumps
• Vacuum Pumps
• Transmission Pumps
• Steering Pumps
• Oil Pumps
• Fuel Pumps
• Fuel Injection Pumps

Global Automotive Pumps Market: By Displacement

• Variable Displacement
• Fixed Displacement

Global Automotive Pumps Market: By Technology

• Mechanical Pumps
• Electric Pumps

Global Automotive Pumps Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa