The Global Automotive Pumps Market size was valued at USD 16.58 Billion in 2021 and is projected to reach USD 26.98 Billion by 2030, growing at a CAGR of 6.38% from 2021 to 2030.

The market is also being driven by more stringent emission regulations governing fuel efficiency, rising vehicle production, and the use of cutting-edge pumps to reduce vehicle emissions globally.

Increased vehicle production, rising vehicle electrification, expanding application of environmental rules, and rising adoption of cutting-edge automotive technologies like gasoline direct injection and automatic transmission are the main factors driving the automotive pumps market.

Increased demand for automotive pumps is a result of the booming automobile sector. The market is driven by a number of factors, including an increase in vehicle production, stricter emission standards, and the adoption of new technologies. Most new technology are used to boost a vehicle's performance, like automated transmissions and gasoline turbocharged direct injection. Furthermore, the market for automobile pumps is expanding as a result of a trend shift toward electrification and a greater focus on fuel efficiency. Additionally, as consumer demand for environmentally friendly services grows, manufacturers are making careful to design for effective automobile pumps. Additionally, the market for automotive pumps is experiencing considerable demand growth due to rising consumer desire for fuel-efficient vehicles.

Driving Factors

It is projected that rising sales of commercial and passenger automobiles in developing nations will increase demand for automotive pumps. Manufacturers have been motivated to create effective fuel injection systems by the rising demand for environmentally friendly and fuel-efficient vehicles. hence accelerating the market's growth. Electric pumps have taken the position of mechanical pumps thanks to technological innovation, which increases the vehicle's total fuel efficiency. Over the course of the forecast period, this is anticipated to fuel the market's expansion. However, some of the variables that could have an impact on the market's expansion include the high cost of vehicle electrification and fluctuations in raw material costs.

The general cost of the vehicle has increased as more automotive segments are electrified. ECUs, sensors, and microcontrollers with actuators are used to complete the electrification of the pump for motor application. Electrification helps vehicles become lighter and adhere to strict emission rules. Despite the fact that complex high voltage circuits and inductive losses make electric parts less reliable than mechanical segments, they perform better than mechanical ones.

The EPS architecture eliminates the need for pulleys, driving belts, water-powered fluids, and steering pumps. Therefore, electronic force guiding poses a risk to steering pumps, much like electric force guiding does. In certain of its vehicles, Nissan has implemented a "Drive by Wire" architecture that completely eliminates the need for steering pumps. Therefore, it is likely that the implementation of this innovation will eliminate the need for guiding pumps in the moving capacity of the vehicles. Therefore, technological developments like EPS and drive-by-wire are necessary to significantly restrain the market for automotive pumps.

COVID 19 Impact

The expansion of the automotive pumps market was adversely affected by the Covid-19 pandemic epidemic. The pandemic forced Original Equipment Manufacturers (OEM) to stop production. The manufacture of automobile replacement components in micro, small, and medium-sized firms was impacted, as was the entire value chain of important industries on a worldwide scale.

Segmentation

The global automotive pumps market is segmented into Type, Technology, Vehicle Type, and Region.

Global Automotive Pumps Market, By Type

The market is categorized based on kind, including fuel injection pumps, fuel pumps, water pumps, windshield pumps, steering pumps, and others. To rule the automotive pumps market, the steering pumps segment must be dominant. The hatchback segment of passenger vehicles is equipped with a water-driven guiding framework, and business vehicles are also propelled by a similar guiding framework, which has fueled the growth of the automotive pumps market. In systems that direct force using water or electricity, steering pumps are used. However, with advancements in guiding system technology, Electric Power Steering (EPS) systems are replacing water-driven and electro-pressure-driven guiding systems. The steering pump requirement is eliminated by the EPS architecture, which calls for an electric engine and sensors.

Global Automotive Pumps Market, By Technology

The market is segmented into electrical and mechanical segments based on technology. The automotive pumps market is anticipated to be dominated by mechanical pumps. Electric syphons use electric energy from an engine to pump the liquid, whilst mechanical automobile pumps use mechanical power to push the liquid. Mechanical pumps, also known as geared pumps, are precisely driven by the motor of a vehicle by drive belts or the camshaft. However, since electronic pumps are increasingly used instead of mechanical pumps to increase the efficiency of the cars, the automotive pumps market will need to gradually grow over the course of a very long time.

Global Automotive Pumps Market, By Vehicle Type

The market is split into three categories based on the kind of vehicle: passenger cars, light commercial vehicles, and heavy commercial vehicles. The growth of this sector is being driven by the increase in passenger vehicle sales. In terms of value, the passenger car segment makes up the largest percentage of the entire business. As a result, the market size for passenger vehicles in the Automotive Pumps Market is significantly larger than that of other vehicle segments. It is expected that the light commercial vehicle market will experience steady growth.

Global Automotive Pumps Market, By Region

The Global Automotive Pumps Market is divided into four regions based on region: North America, Europe, Asia Pacific, and the Rest of the World. Europe and the Asia-Pacific region, which combined have accounted for the largest share of the industry, are the two territorial business markets that project the most. In the global Automotive Pumps Market, Asia Pacific is expected to continue to lead. Additionally, due to rising car industry production and rising use of cutting-edge automotive technologies. It is expected that the Middle East and Africa will have the fastest economic growth in the region.

Recent Developments in Global Automotive Pumps Market

• 2020: In order to start manufacturing small and medium-sized motor products, mostly electric water pumps, in 2022, Aisin Corporation upgraded its production system for electrification products, Aisin Tohoku.

List of Key Market Players

• Aisin Seiki Co., Ltd.
• Delphi Automotive LPP
• Robert Bosch GmbH
• Mikuni Corporation

Segmentation

By Type

• Fuel Injection Pump
• Fuel Pump
• Water Pump

By Technology

• Electrical
• Mechanical

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles

By Region

North America

• North America, by Country
  • U.S.
  • Canada
  • Mexico
• North America, by Type
• North America, by Technology
• North America, by Vehicle Type

Europe

• Europe, by Country
  • Germany
  • Russia
  • U.K.
  • France
  • Italy
  • Spain
  • The Netherlands
  • Rest of Europe 
• Europe, by Type
• Europe, by Technology
• Europe, by Vehicle Type

Asia Pacific

• Asia Pacific, by Country
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Rest of Asia Pacific 
• Asia Pacific, by Type
• Asia Pacific, by Technology
• Asia Pacific, by Vehicle Type

Middle East & Africa

• Middle East & Africa, by Country 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa
• Middle East & Africa, by Type
• Middle East & Africa, by Technology
• Middle East & Africa, by Vehicle Type

South America

• South America, by Country 
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• South America, by Type
• South America, by Technology
• South America, by Vehicle Type