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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Electric Water Pump Market Outlook
The global automotive electric water pump market attained a value of over USD 4.05 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 14.3% to reach more than USD 13.44 billion by 2032.
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The Asia Pacific Region to Represent a Significant Share of the Automotive Electric Water Pump Industry
The Asia Pacific region accounts for a significant share of the automotive electric water pump industry owing to the rising demand for passenger cars. The market growth can also be attributed to the growing disposable incomes and the emergence of the middle-class population in developing countries like India and China, among others. As consumers are increasingly preferring passenger cars that optimise fuel usage, the deployment of automotive electric water pumps to prevent excessive use of fuels is growing, hence bolstering the industry growth.
Moreover, the introduction of various stringent government initiatives for emission controls from automobiles is propelling the market for automotive electric water pumps. With the emerging trend of green transportation, the demand for automotive electric water pumps is expected to grow and bolster the industry growth in the forecast period.
Automotive Electric Water Pump: Market Segmentation
An automotive electric water pump is a pump that transports coolant from the radiator to all the essential components of the powertrain. It is typically activated by battery and motor to manage volume flow required by engines. The pump operates by forcing coolant into the engine and absorbing the heat it generates. The hot coolant is then cooled and recirculated back into the engine through the radiator.
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The major vehicle types of automotive electric water pump are:
- Passenger Cars
- Light Commercial Vehicles
- Electric Vehicles
By pump types, the market can be classified into:
- 12V
- 24V
The market can be broadly categorised on the basis of its applications into:
- Engine
- Turbocharger
- Battery
- Others
On the basis of sales channel, the market can be bifurcated into:
- OEMs
- Aftermarket
The EMR report looks into the regional markets of automotive electric water pump like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Fuel-Efficient Vehicles to Augment the Growth of the Automotive Electric Water Pump Industry
The increasing demand for automotive electric water pumps to reduce the fuel-efficiency and horsepower of automobiles is propelling the market growth. As automotive electric water pumps allow the manufacturer to control the amount of coolant that flows through the engine at different temperatures, it enhances the cooling requirements and efficiency of engines, hence driving the growth of the market. The growing preference for low-toxic and environment-friendly products and the increasing accessibility of sustainable vehicles are bolstering the growth of the automotive electric water pump industry.
With the integration of new technologies in the automotive sector, the development of innovative automotive electric water pumps is increasing. Moreover, such water pumps are durable and have excellent wear and tear properties, which is anticipated to augment the market growth in the forecast period.
Key Industry Players in the Global Automotive Electric Water Pump Market
The report presents a detailed analysis of the following key players in the global automotive electric water pump market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Schaeffler Technologies AG & Co. KG
- Continental AG
- Robert Bosch GmbH
- Rheinmetall Automotive AG
- Gates Corporation
- BLDC Pump Co., Ltd.
- Davies, Craig Pty Ltd
- Valeo SA
- Behr Hella Service GmbH
- Hanon Systems
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Pump Type |
|
| Breakup by Application |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global automotive electric water pump market attained a value of more than USD 4.05 billion.
The market is estimated to grow at a CAGR of 14.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 13.44 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of automotive electric water pumps in the automotive industry, coupled with the increasing demand for commercial and passenger vehicles.
The increasing preference towards environment-friendly automotive equipment with minimal toxicity is expected to be a key trend guiding the growth of the industry.
The major vehicle types in the market are passenger cars, light commercial vehicles, and electric vehicles.
The different pump types in the market are 12V and 24V.
The different applications of automotive electric water pump are engine, turbocharger, and battery, among others.
The significant sales channel are OEMs and aftermarket.
The major players in the industry are Schaeffler Technologies AG & Co. KG, Continental AG, Robert Bosch GmbH, Rheinmetall Automotive AG, Gates Corporation, BLDC Pump Co., Ltd., Davies, Craig Pty Ltd, Valeo SA, Behr Hella Service GmbH, and Hanon Systems, among others.
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