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Global Automotive Electric Water Pump Market: By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Electric Vehicles; By Pump Type: 12V, 24V; By Application: Engine, Others; By Sales Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Electric Water Pump Market Outlook
The global automotive electric water pump market attained a value of over USD 3.1 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 14.27% to reach more than USD 6.9 billion by 2027.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Pump Type, Application, Sales Channel, Region |
| Breakup by Vehicle Type | Passenger Cars, Light Commercial Vehicles, Electric Vehicles |
| Breakup by Pump Type | 12V, 24V |
| Breakup by Application | Engine, Turbocharger, Battery, Others |
| Breakup by Sales Channel | OEMs, Aftermarket |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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 |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Electric Water Pump Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Electric Water Pump Historical Market (2018-2022)
8.3 Global Automotive Electric Water Pump Market Forecast (2023-2028)
8.4 Global Automotive Electric Water Pump Market by Vehicle Type
8.4.1 Passenger Cars
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Light Commercial Vehicles
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Electric Vehicles
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Automotive Electric Water Pump Market by Pump Type
8.5.1 12V
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 24V
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Automotive Electric Water Pump Market by Application
8.6.1 Engine
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Turbocharger
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Battery
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Automotive Electric Water Pump Market by Sales Channel
8.7.1 OEMs
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Aftermarket
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Automotive Electric Water Pump Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Automotive Electric Water Pump Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Automotive Electric Water Pump Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Electric Water Pump Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Electric Water Pump Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Electric Water Pump Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Schaeffler Technologies AG & Co. KG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Continental AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Robert Bosch GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rheinmetall Automotive AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Gates Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 BLDC Pump Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Davies, Craig Pty Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Valeo SA
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Behr Hella Service GmbH
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Hanon Systems
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Electric Water Pump Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Electric Water Pump Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
3. Global Automotive Electric Water Pump Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
4. Global Automotive Electric Water Pump Historical Market: Breakup by Pump Type (USD Billion), 2018-2022
5. Global Automotive Electric Water Pump Market Forecast: Breakup by Pump Type (USD Billion), 2023-2028
6. Global Automotive Electric Water Pump Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Automotive Electric Water Pump Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Automotive Electric Water Pump Historical Market: Breakup by Sales Channel (USD Billion), 2018-2022
9. Global Automotive Electric Water Pump Market Forecast: Breakup by Sales Channel (USD Billion), 2023-2028
10. Global Automotive Electric Water Pump Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Automotive Electric Water Pump Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Automotive Electric Water Pump Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Automotive Electric Water Pump Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Automotive Electric Water Pump Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Automotive Electric Water Pump Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Automotive Electric Water Pump Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Automotive Electric Water Pump Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Automotive Electric Water Pump Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Automotive Electric Water Pump Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Automotive Electric Water Pump Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Automotive Electric Water Pump Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Automotive Electric Water Pump Market Structure
Key Questions Answered in the Report
In 2021, the global automotive electric water pump market attained a value of more than USD 3.1 billion.
The market is estimated to grow at a CAGR of 14.27% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 6.9 billion by 2027.
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.
Analyst Review
The global automotive electric water pump market attained a value of more than USD 3.1 billion in 2021, driven by the rising application of automotive electric water pump in various automotive equipment including engine, turbocharger, and battery, among others. Aided by the technological advancements in the automotive industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 14.27%. The market is projected to reach over USD 6.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on vehicle type, the market is divided into passenger cars, light commercial vehicles, and electric vehicles. On the basis of pump type, the market is bifurcated into 12V and 24V. Based on application, the market is segregated into engine, turbocharger, and battery, among others. By sales channel, the market has been segmented into OEMs and aftermarket. The major regional markets for automotive electric water pump are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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