Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Automotive Pump Market Size

The global automotive pump market value reached USD 18.77 billion in 2023. The industry is further expected to grow at a CAGR of 6.0% in the forecast period of 2024-2032. The industry is projected to reach a value of USD 31.59 billion in 2032 because of the rising demand for fuel-efficient vehicles.

Global Automotive Pump Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 18.77
Market Size 2032 USD Billion 31.59
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.0%
CAGR 2024-2032 - Market by Region Asia Pacific 6.8%
CAGR 2024-2032 - Market by Country India 7.3%
CAGR 2024-2032 - Market by Country China 6.5%
CAGR 2024-2032 - Market by Technology Electric Pump 6.4%
CAGR 2024-2032 - Market by Displacement Variable Displacement 6.2%
Market Share by Country 2023 Italy 3.2%

Automotive Pump Market

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Global Automotive Pump Market Growth

Automotive pumps function by lifting, compressing, or transferring fluids by mechanical action and by facilitating the circulation of fluids around the vehicle's operating system.

The automotive pump market dynamics and trends are being driven by their critical roles in various vehicle systems. Automotive pumps, such as those for fuel, water, oil, power steering, air conditioning, brake vacuum, transmission, windshield washer, turbocharger, and EGR, are essential for functions including fuel delivery, cooling, lubrication, steering support, climate control, braking, transmission performance, visibility, engine efficiency, and emission management.

Global Automotive Pump Market Analysis

The global automotive pump industry growth is being driven by the increasing technological advancements in the automotive pump industry like gasoline direct injection. The industry is further driven by the rising electrification of vehicles and the implementation of environmental policies by various governments. The fuel injection pump segment is anticipated to grow at the fastest pace due to an increasing demand for fuel-efficient vehicles.

Global Automotive Pump Industry Outlook

The total aftermarket sales in 2020 were USD 383.0 billion, with USD 292.1 billion from light-duty vehicles and USD 90.9 billion from medium and heavy-duty vehicles. By 2021, these figures rose to USD 419.2 billion in total sales, with light-duty vehicles contributing USD 324.8 billion and medium and heavy-duty vehicles USD 94.4 billion. This represents a 9.4% growth in total aftermarket sales from 2020 to 2021.

Further, global electric vehicle (EV) penetration reached 5.8% in 2021. This growth accelerated to 7.7% in 2022, and by 2023, penetration significantly increased to 10.0%. The upward trend is anticipated to persist, with electric vehicle (EV) market share expected to grow to 12.5% in 2024 and 15.5% in 2025. This significant increase over the next five years is expected to drive the automotive pump industry revenue.

Moreover, North America produced around 14 million vehicles in 2021. In 2022, production increased to approximately 15 million vehicles. This positive trend continued, with vehicle production reaching 16 million in 2023 and 17 million in 2024. Projections for 2025 and 2026 suggest a resurgence, with production expected to hit up to 18 million vehicles annually.

Simultaneously, South Africa's domestic vehicle production in 2020 totalled 446,216 units. Passenger cars led with 237,214 units, while Light Commercial Vehicles (LCVs) accounted for 185,691 units. Medium Commercial Vehicles (MCVs) produced 6,874 units, Heavy Commercial Vehicles (HCVs) 4,208 units, and Extra Heavy Commercial Vehicles (XHCVs) 11,484 units. In 2021, total production increased to 449,087 units, with passenger cars slightly rising to 239,267 units and LCVs significantly improving to 232,166 units. HCV production increased to 5,151 units, and XHCV production grew to 14,175 units. The automotive sector saw a significant surge in 2022, with total production reaching 555,889 units. Passenger car production jumped to 309,423 units, MCVs increased to 8,478 units, HCVs rose notably to 6,270 units, and XHCVs continued to grow, reaching 15,501 units.

Pumps are crucial for various vehicle systems.

  • Innovations in pump design enhance efficiency and performance.
  • Increasing global demand for automobiles drives automotive pump market growth.

Numerous players offer similar products.

  • Sensitive to overall automotive market conditions.
  • Dependence on metal and plastic prices.

Demand for pumps in electric powertrains.

  • Expanding market penetration in developing countries further driving the automotive pump market opportunities.
  • Development of high-performance pumps for hybrid and electric vehicles.

Reduced vehicle production impacts demand.

  • Pressure to develop environmentally friendly pumps.
  • Challenges in procuring raw materials and components.

Key Players in the Global Automotive Pump Market and Their Key Initiatives

Aisin Corporation

  • Announced strategic investments of 500 billion yen for BEV.
  • Developed a new "Linkage-type Power Door System".

BorgWarner Inc.

  • Secured a contract to supply high-voltage coolant heaters for OEM EV platforms.
  • Introduced new electrification products and strategic acquisitions to meet the growing demand of the automotive pump market. 

DENSO Corporation

  • Introduced a compact, highly efficient CO2 capture system.
  • Partnered with United Semiconductor Japan Co., Ltd.

Johnson Electric Holdings Limited

  • Introduced new electric water pumps for EV applications. 
  • Partnered with automotive OEMs to develop next-generation fuel pumps to capture the automotive pump market opportunities.

Automotive Pump Market by Segments

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Global Automotive Pump Industry Segmentation

“Global Automotive Pump Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Fuel Pump
  • Water Pump
  • Windshield Washer Pump
  • Steering Pump
  • Transmission Oil Pump
  • Fuel Injection Pump
  • Vacuum Pump
  • Headlight Washer Pump

Market Breakup by Vehicle Type 

  • Passenger Car (PC)
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

Market Breakup by Technology 

  • Electric Pump
  • Mechanical Pump

Market Breakup by Displacement 

  • Fixed Displacement
  • Variable Displacement

Market Breakup by EV Type 

  • Battery Electric Vehicle (BEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Vehicle (PHEV)

Market Breakup by Off-Highway Vehicle Type 

  • Construction Equipment
  • Mining Equipment

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 7.3%
China 6.5%
Mexico 6.3%
Canada 6.0%
UK 5.8%
USA XX%
Germany XX%
France 4.9%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia XX%
Brazil XX%

Automotive Pump Market by Segments

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Automotive Pump Market Share

In the automotive pump market, fixed displacement pumps are appreciated for their simplicity, steady flow rate, and ease of maintenance, making them dependable and economical for applications that need consistent fluid delivery. Meanwhile, variable displacement pumps provide efficiency, adaptability, precise control, and fuel savings, addressing changing operational demands and enhancing overall system performance, which further drives the automotive pump market revenue.

Leading Companies in the Automotive Pump Market

The companies manufacture a diverse array of components such as transmissions, drivetrain systems, and chassis components, and are renowned for their high quality and innovative technological features.

  • Aisin Corporation  
  • BorgWarner Inc. 
  • DENSO Corporation 
  • Johnson Electric Holdings Limited 
  • Robert Bosch GmbH 
  • Rheinmetall AG 
  • Continental AG 
  • Delphi Technologies 
  • The Sherwin-Williams Company 
  • Magna International Inc. 
  • Others

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:

  • Type
  • Vehicle Type
  • Technology
  • Displacement
  • EV Type
  • Off-Highway Vehicle Type
  • Region
Breakup by Type
  • Fuel Pump
  • Water Pump
  • Windshield Washer Pump
  • Steering Pump
  • Transmission Oil Pump
  • Fuel Injection Pump
  • Vacuum Pump
  • Headlight Washer Pump
Breakup by Vehicle Type
  • Passenger Car (PC)
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
Breakup by Technology
  • Electric Pump
  • Mechanical Pump
Breakup by Displacement
  • Fixed Displacement
  • Variable Displacement
Breakup by EV Type
  • Battery Electric Vehicle (BEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Vehicle (PHEV)
Breakup by Off-Highway Vehicle Type
  • Construction Equipment
  • Mining Equipment
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aisin Corporation 
  • BorgWarner Inc.
  • DENSO Corporation
  • Johnson Electric Holdings Limited
  • Robert Bosch GmbH
  • Rheinmetall AG
  • Continental AG
  • Delphi Technologies
  • The Sherwin-Williams Company
  • Magna International Inc.
  • 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.

Automotive Pump Market Report Snapshots

Automotive Pump Market Size

Automotive Pump Market Growth

Automotive Pump Market Analysis

Automotive Pump Market Share

Automotive Pump Companies

*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

The global automotive pump market reached a value of USD 18.77 billion in 2023.

The global automotive pump market is assessed to grow at a CAGR of 6% between 2024 and 2032.

The major drivers of the market include the increasing electrification of vehicles, implementation of environmental policies, increasing vehicle production, and rising demand for passenger cars.

The global demand for automotive pump is driven by the growing technological advancements such as direct injection fuel and rising demand for fuel efficient vehicles.

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The major types of automotive pumps in the market are fuel pumps, water pumps, windshield washer pumps, steering pumps, transmission oil pumps, fuel injection pumps, vacuum pumps, and headlight washer pumps.

The significant vehicle types in the market are passenger car (PC), light commercial vehicle (LCV), and heavy commercial vehicle (HCV).

The leading technology segments of the product in the market are electric pump and mechanical pump.

The major displacement segments of automotive pump in the market are fixed displacement and variable displacement.

The significant EV types in the market are battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHEVs).

The leading off-highway vehicle types of the product in the market are construction equipment and mining equipment.

The competitive landscape consists of Aisin Corporation, BorgWarner Inc., DENSO Corporation, Johnson Electric Holdings Limited, Robert Bosch GmbH, Rheinmetall AG, Continental AG, Delphi Technologies, The Sherwin-Williams Company, and Magna International Inc. among others.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to USD 31.59 billion by 2032.

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