Global Automotive Pumps Market Is Expected To Reach $18.04 Bn By 2032

Zion Market Research has published a new report titled “Automotive Pumps Market By Vehicle (Heavy Commercial, Light Commercial, and Passenger Cars), By Product (Windshield Washer Pumps, Water Pumps, Vacuum Pumps, Transmission Pumps, Steering Pumps, Oil Pumps, Fuel Pumps, and Fuel Injection Pumps), By Displacement (Variable and Fixed), and By Technology (Mechanical Pumps and Electric Pumps), By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global automotive pumps market was 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.

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. 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.

Browse the full “Automotive Pumps Market By Vehicle (Heavy Commercial, Light Commercial, and Passenger Cars), By Product (Windshield Washer Pumps, Water Pumps, Vacuum Pumps, Transmission Pumps, Steering Pumps, Oil Pumps, Fuel Pumps, and Fuel Injection Pumps), By Displacement (Variable and Fixed), and By Technology (Mechanical Pumps and Electric Pumps), By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032?” Report at https://www.zionmarketresearch.com/report/automotive-pumps-market

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.

By displacement, the market includes fixed and variable displacement. Fixed displacement is expected to hold the largest market share and variable displacement is anticipated to grow rapidly over the forecast time period.

By technology, the market is classified into electric and mechanical pumps. Electric pumps are expected to hold the largest share over the estimated time span.

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

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com