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Market Insight- Global Automotive Pumps Market

Market Overview

Automotive pumps are essential component in an automobile or any other internal combustion engined device to transfer fluid and to enhance fuel efficiency as well as vehicle performance. Generally, automotive pumps are used in a variety of vehicle parts including steering, transmission, coolant, fuel, and lubrication. Automotive pumps have witnessed significant demand, in order to provide environment-friendly solutions in automobile. On the basis of vehicle type, the automotive pumps market has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of sales channel, the market has been segmented into original equipment manufacturer (OEM) and aftermarket.

The global Automotive Pumps Market was accounted for US$ 51,885.07 Mn in terms of value and 738,923 units in terms of volume in 2019 and is expected to grow at CAGR of 3.8% for the period 2019-2027.

Market Dynamics- Drivers

  1. Wider scope of use for pumps with development in technology is expected to drive growth of the global automotive pumps market during the forecast period

Automobile produced these days are equipped with advanced technology and smart features that fulfill the latest safety, quality, emission, and performance standards. On the contrary, consumers are increasingly becoming price-sensitive and are preferring automobiles with superior comfort features at a reasonable cost. Furthermore, over the last decade, manufacturers in the market have started incorporating numerous advanced technologies such as power steering, gasoline direct injection, gasoline turbochargers, and automatic transmission into automobiles. Such technologies require automotive pump to ensure efficient operation. Hence, these factors are expected to drive growth of the market in the near future.

  1. Growing automotive production worldwide is expected to propel the global automotive pumps market growth over the forecast period

Automotive pumps have witnessed significant demand in the recent past, due to growing automotive production and vehicle parc. In fact, irrespective of economic conditions across the globe, the global automotive industry has performed satisfactorily. According to Coherent Market Insights’ analysis, automotive production is expected to register a CAGR of 3-3.5% during the forecast period. Moreover, automotive production is expected to be higher in emerging economies as compared to developed countries. This is owing to growing urbanization and stable economic conditions in these countries. Thus, these factors are expected to propel the global automotive pumps market growth over the forecast period.

Asia Pacific region dominated the global Automotive Pumps Market in 2019, accounting for 42.3% share in terms of value, followed by Europe, North America, Middle East and Africa and Latin America.

Automotive Pumps  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Low replacement rate and aftermarket potential are expected to hinder the global automotive pumps market growth during the forecast period

Automotive pumps are an integral part of the transmission, driveline and auxiliary systems, which are rarely replaced in automotive. Replacement rate across the globe varies according to the category of pump, ranging between 0.1% and 1% of the vehicle parc. Growing technological advancements is expected to further reduce replacement rate during the forecast period. Therefore, very low potential offered by aftermarket and low replacement rate is expected to hinder the global automotive pumps market growth in the near future.

  1. Availability of better substitutes in terms of electric motors for pumps are expected to hamper the global automotive pumps market growth over the forecast period

Automotive pumps are actuated using electrical or mechanical energy and are accordingly classified as electric or mechanical pumps. Certain functionalities offered by steering or brake booster pumps can also be achieved by using electric motors. This, in turn, is expected to hamper the market growth over the forecast period.

Market Opportunities

  1. Providing custom-made pumps can present lucrative growth opportunities

Majority of automotive pump manufacturers laying emphasis on product differentiation, in order to maintain competitive advantage in the market. Automakers are introducing major changes in automotive and associated product designs, in order to cater to ever-changing consumer demands. Moreover, these manufactures are providing customized and requirement-specific products such as low vibration, brushless fuel pumps, and compact pumps for automakers. Offering such products is a potential opportunity to secure long-term supply contracts from automakers.

  1. Enhancing product line to offer a complete solution can provide major business opportunities

Pump manufacturers can offer a pump as solution rather than a product to automakers in order to sustain market share. Monitoring systems, controlling solutions and other auxiliaries can be integrated along with pumps, which can enhance brand visibility. 

Automotive Pumps  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Growing product launches, in order, expand the product portfolio

Key players in the market are focused on product launches, in order to expand product portfolio and gain market share. For instance, in 2015, Behr Hella Service added around 100 commercial vehicle water pumps for common vehicles makes to its portfolio. Moreover, in 2014, Hella extended its portfolio by introducing new product groups of thermostats, differential pressure sensors, vacuum pumps, and accelerator pedals.

  1. Introduction of high quality automotive pumps to enhance vehicle efficiency

Introducing novel products with innovative technology are an essential part of automotive industry. Moreover, auto manufacturers are developing and experimenting with innovative technologies that will help enhance vehicle performance, adjunct functioning, fuel injection, braking, aesthetics, and transmission. Hence, the demand for customized automotive products is increasing significantly. Moreover, many OEMs in the market are focused on launching innovative products, in order to enhance their market presence. For instance, in 2011, Delphi introduced Premium GDi High Pressure Fuel Pump to its gasoline direct injection products. In 2012, Delphi announced an expansion to its fuel product portfolio with the addition of 108 Ford fuel hanger pumps. Moreover, in 2014, Denso developed a new electronic fuel injection system for small motorcycles called DIET-FI.

Segment information:

In global Automotive Pumps Market, by technology, Electric sub-segment dominated the global market in 2019, accounting for 76.2% share in terms of value, followed by Mechanical.

Automotive Pumps  | Coherent Market Insights

Source: Coherent Market Insights

Competitive Section

Key players operating in the global automotive pumps market are JTEKT Corporation, ZF TRW Automotive Holdings Corp., Aisin Seiki Co. Ltd., WABCO Holdings, Inc., Concentric AB, TI Automotive Ltd., Continental AG, SHW AG, Delphi Automotive LLP, Pricol Ltd., DENSO Corporation, Robert Bosch GmbH, HELLA KGaA Hueck & Co., Magneti Marelli S.p.A, Hitachi Automotive Systems, Ltd., Magna International Inc., Johnson Electric Holdings Limited, and KSPG AG.

Key Developments

  1. Key players in the market are focused on product launches, in order to expand product portfolio. For instance, in January 2019, JTEKT Corporation introduced its latest mobility technologies including automotive pumps at North American International Auto Show (NAIAS).
  2. Major market players are involved in contracts and agreements, in order to gain a competitive edge in the market. For instance, in April 2018, Concentric AB entered into a contract with ZF Friedrichshafen AG for electric oil pump technology.

Automotive pumps are essential component in an automobile or any other internal combustion engine device to transfer fluid and to enhance fuel efficiency as well as vehicle performance. Generally, automotive pumps are used in a variety of vehicle parts including steering, transmission, coolant, fuel, and lubrication. Automotive pumps have witnessed significant demand, in order to provide environment-friendly solutions in automobile. On the basis of vehicle type, the automotive pumps market has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of sales channel, the market has been segmented into original equipment manufacturer (OEM) and aftermarket.

Market Dynamics

Automobile produced these days are equipped with advanced technology and smart features that fulfill the latest safety, quality, emission, and performance standards. On the contrary, consumers are increasingly becoming price-sensitive and are preferring automobiles with superior comfort features at a reasonable cost. Furthermore, over the last decade, manufacturers in the market have started incorporating numerous advanced technologies such as power steering, gasoline direct injection, gasoline turbochargers, and automatic transmission into automobiles. Such technologies require automotive pump to ensure efficient operation. Hence, these factors are expected to drive growth of the market in the near future. Automotive pumps have witnessed significant demand in the recent past, due to growing automotive production and vehicle park. In fact, irrespective of economic conditions across the globe, the global automotive industry has performed satisfactorily. According to Coherent Market Insights’ analysis, automotive production is expected to register a CAGR of 3-3.5% during the forecast period. Moreover, automotive production is expected to be higher in emerging economies as compared to developed countries. This is owing to growing urbanization and stable economic conditions in these countries. Thus, these factors are expected to propel the global automotive pumps market growth over the forecast period.

Market Taxonomy

This report segments the global automotive pumps market on the basis of pump type, sales channel, technology, vehicle type and region. On the basis of pump type, global automotive pumps market is segmented into fuel supply pump, fuel injection pump, transmission oil pump, engine oil pump, steering pump, coolant pump, windshield washer pump and vacuum pump. On the basis of sales channel, the global automotive pumps market is segmented into OEM and aftermarket. On the basis of technology, the global automotive pumps market is segmented into electric and mechanical. On the basis of vehicle type, the global automotive pumps market is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of region, global automotive pumps market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Automotive Pumps Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Automotive Pumps Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Automotive Pumps Market includes JTEKT Corporation, ZF TRW Automotive Holdings Corp., Aisin Seiki Co. Ltd., WABCO Holdings, Inc., Concentric AB, TI Automotive Ltd., Continental AG, SHW AG, Delphi Automotive LLP, Pricol Ltd., DENSO Corporation, Robert Bosch GmbH, HELLA KGaA Hueck & Co., Magneti Marelli S.p.A, Hitachi Automotive Systems, Ltd., Magna International Inc., Johnson Electric Holdings Limited, and KSPG AG.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Automotive Pumps market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Automotive Pumps Market

Detailed Segmentation:

  • Global Automotive Pumps Market, By Pump Type:
    • Fuel Supply Pump
    • Fuel Injection Pump
    • Transmission Oil Pump
    • Engine Oil Pump
    • Steering Pump
    • Coolant Pump
    • Windshield Washer Pump
    • Vacuum Pump
  • Global Automotive Pumps Market, By Sales Channel:
    • OEM
    • Aftermarket
  • Global Automotive Pumps Market, By Technology:
    • Electric
    • Mechanical
  • Global Automotive Pumps Market, By Vehicle Type:
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Global Automotive Pumps Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • JTEKT Corporation.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • ZF TRW Automotive Holdings Corp.
    • Aisin Seiki Co. Ltd.
    • WABCO Holdings, Inc
    • Concentric AB
    • TI Automotive Ltd
    • Continental AG
    • SHW AG
    • Delphi Automotive LLP
    • Pricol Ltd
    • DENSO Corporation
    • Robert Bosch GmbH
    • HELLA KGaA Hueck & Co
    • Magneti Marelli S.p.A
    • Hitachi Automotive Systems, Ltd
    • Magna International Inc
    • Johnson Electric Holdings Limited
    • KSPG AG.

Browse all the market data tables and figures on “Global Automotive Pumps Market - Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY Pump Type
      • Market Snippet, By Sales Channel
      • Market Snippet, By Technology
      • Market Snippet, Vehicle Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Automotive Pumps Market, BY Pump Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Fuel Supply Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Fuel Injection Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Transmission Oil Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Engine Oil Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Steering Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Coolant Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Windshield Washer Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Vacuum Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Automotive Pumps Market, By Sales Channel, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • OEM
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Automotive Pumps Market, By Technology , 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Electric
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Mechanical
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  7. Global Automotive Pumps Market, Vehicle Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Light Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Heavy Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  8. Global Automotive Pumps Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, Pump Type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology , 2019–2027 (US$ Million)
      • Market Size and Forecast, Vehicle Type, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, Pump Type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology , 2019–2027 (US$ Million)
      • Market Size and Forecast, Vehicle Type, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, Pump Type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology , 2019–2027 (US$ Million)
      • Market Size and Forecast, Vehicle Type, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, Pump Type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology , 2019–2027 (US$ Million)
      • Market Size and Forecast, Vehicle Type, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, Pump Type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology , 2019–2027 (US$ Million)
      • Market Size and Forecast, Vehicle Type, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Aisin Seiki Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Concentric AB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Continental AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Delphi Automotive LLP
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • DENSO Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HELLA KGaA Hueck & Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hitachi Automotive Systems, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Johnson Electric Holdings Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JTEKT Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • KSPG AG.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Magna International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Magneti Marelli S.p.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pricol Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Robert Bosch GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SHW AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TI Automotive Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • WABCO Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ZF TRW Automotive Holdings Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Automotive Pumps Market -forecast to 2027”.

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
• By Pump Type • By Sales Channel • By Technology • By Vehicle Type • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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