Global automotive pump market is anticipated to grow at a CAGR of 6.56% during the forecast period to reach USD115.28 billion by 2026. The growth in the market is the result of the growing demand for automatic transmission in automobiles and more research and development to produce fuel-efficient automobiles that adhere to emission regulations. Economic growth, expanding fleet of commercial vehicles with stringent regulations for reducing carbon emissions, growing discretionary income, rapidly increasing urbanization are also driving the growth of the global automotive pump market.

An automotive pump is a device installed in automobiles for transmitting fluids (liquid or gas) by decreasing or increasing the pressure on fluids. Automotive pumps have applications in several vehicle systems such as transmission, windshield, steering, coolant, and lubrication. The growing demand for environment-friendly solutions has influenced manufacturers to develop well-organized automotive pumps.

The rapid spread of the COVID-19 pandemic globally had created both a public health crisis and economic crisis due to the lockdown imposed by various governments worldwide. The global automotive sector was also adversely impacted. According to the data published by Organisation Internationale des Constructeurs d'Automobiles (OICA), the global auto production in 2020 was severely hit by the COVID-19 crisis with a 16% drop in global automotive production. Europe saw a decline of more than 21% on average. Also, the production in the North American region declined by more than 20%, with US manufacturing declining by 19%.


Moreover, the automotive industry is a critical part of the economy, closely linked with other industries such as steel, chemicals, textile, electronics, etc. The lockdown resulted in the temporary closing of all factories, including automotive pump manufacturing facilities, resulting in production loss for the global automotive pump market. Furthermore, the governments in most of the COVID-19 affected countries imposed social distancing norms that temporarily hampered manufacturing facilities' workflow. Nevertheless, the market is showing positive signs of recovery and is anticipated to recover in around two years.

 

Growing Automobile Fleet Drives the Market Growth

One of the main factors driving the global automotive pump market is the growing fleet size of automobiles across the globe. The average life of automobiles has been increasing due to technological advancements and competition. Moreover, with growing automobile sales, this fleet growth is being aided robustly. Automotive pumps help in circulating necessary fluids to critical components operating at high temperatures, failing to which can lead to serious troubles. Thus, automotive pumps are critical components of an automobile and must be replaced when needed, as the inappropriate working of an automotive pump can lead to 100% engine failure. The growing fleet of automobiles coupled with the requirement to replace defaulted automotive pumps for the sound functioning of an automobile is driving the sales of automotive pumps across the globe.

Growing Utilization in Commercial Vehicles Drives the Market Growth

Thanks to technological advancements, fully automatic commercial vehicles are now as fuel-efficient as manual commercial vehicles. Because the user is not required to swap gears frequently, automatic transmission gives a fatigue-free experience. The convenience of driving, particularly in congested areas, boosts demand for automatic transmissions. Many major automobile firms have been concentrating on improving automatic transmission in commercial vehicles over the years. The automatic transmission works on the principle of fluid coupling, of which fluid is transported with the aid of an automotive pump. Moreover, installing an automotive pump gives the driver the ability to focus more on the road, reducing the chances of road accidents. The increasing adoption of automotive pumps in commercial vehicles is predicted to propel the global automotive pump market in the coming five years.

Electric Vehicles Drives Electric Automotive Pump Market Growth

Growing concerns regarding pollution and ecological balance have encouraged the demand for alternative fuel in every vehicle segment worldwide. The automotive market has also witnessed a shift in the demand for natural gas and electric automobiles from traditional fuels such as petrol and diesel. Moreover, the COVID-19 pandemic caused automotive venture capitalists and investors to look for new automobile technologies that can reduce physical human interaction. Social distancing was given increased importance to curb the spread of the coronavirus. For instance, in Florida, autonomous vehicles were used to transport medical supplies and tests, minimizing person-to-person contact. In China, driverless cleaning and disinfection vehicles were used to disinfect hospitals and nearby roads. The growing electrification and automation in automobiles is driving the electric automotive pump market.


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Market Segmentation

The global automotive pump market is segmented based on pump type, technology, sales channel, vehicle type, displacement type, region, and competitional landscape. Based on pump type, the market is further fragmented into transmission pump, fuel pump, oil pump, steering pump, water pump, windshield washer pump, vacuum pump. On the basis of technology, the market is fragmented into mechanical pump, electrical pump. segmentation of the market on grounds of sales channel is done into OEM, aftermarket. Based on vehicle type, the market is segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle. Based on displacement type, the market is segmented into fixed displacement, variable displacement. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia Pacific, North America, Europe, South America, and Middle East & Africa. In terms of country, the United States automotive pump market is forecast to grow at a faster rate and is expected to reach around USD23.32 billion during the forecast period.

Company Profiles

Aisin Group, Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, BorgWarner Inc., Johnson Electric Holdings Limited, Rheinmetall AG, SHW AG, Hitachi, Ltd. etc. are among the major market players in the global platform that lead the market growth of the global automotive pump market.

Attribute

Details

Market Size Value in 2020

USD79.35 Billion

Revenue Forecast in 2026

USD115.28 Billion

US Revenue Forecast in 2026

USD23.32 Billion

Growth Rate

6.56%

Base Year

2020

Historical Years

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Billion and CAGR for 2016-2020 and 2021-2026

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Pump Type

·         Technology

·         Sales Channel

·         Vehicle Type

·         Displacement Type

Regional Scope

Asia Pacific, North America, Europe, South America and Middle East & Africa

Country Scope

China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, United States, Mexico, Canada, Germany, Spain, France, United Kingdom, Italy, Brazil, Argentina, Colombia, Iran, South Africa, Morocco, Saudi Arabia

Key Companies Profiled

Aisin Group, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Rheinmetall AG, Hitachi, Ltd., BorgWarner Inc., Johnson Electric Holdings Limited, and SHW AG.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, global automotive pump market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Automotive Pump Market, By Pump Type:
    • Oil Pump
    • Water Pump
    • Fuel Pump
    • Vacuum Pump
    • Windshield washer Pump
    • Transmission Pump
    • Steering Pump
  • Global Automotive Pump Market, By Technology:
    • Mechanical Pump
    • Electrical Pump
  • Global Automotive Pump Market, By Sales Channel:
    • OEM
    • Aftermarket
  • Global Automotive Pump Market, By Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
  • Global Automotive Pump Market, By Displacement Type:
    • Fixed Displacement
    • Variable Displacement
  • Global Automotive Pump Market, By Region:
    • Asia Pacific:

§  China

§  Japan

§  India 

§  South Korea

§  Thailand

§  Indonesia

§  Malaysia

    • North America

§  United States

§  Mexico

§  Canada

    • Europe:

§  Germany

§  Spain

§  France

§  United Kingdom

§  Italy

    • South America

§  Brazil

§  Argentina

§  Colombia

    • Middle East and Africa

§  Iran

§  South Africa

§  Morocco

§  Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automotive pump market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Automotive Pump Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Satisfaction Level

5.3.  Aided and Unaided Brand Recall

6.    Global Automotive Pump Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume      

6.2.  Market Share, & Forecast

6.2.1.     By Pump Type (Transmission Pump, Fuel Pump, Oil Pump, Steering Pump, Water Pump, Windshield Washer Pump, Vacuum Pump)

6.2.2.     By Technology (Mechanical Pump, Electrical Pump)

6.2.3.     By Sales Channel (OEM, Aftermarket)

6.2.4.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

6.2.5.     By Displacement Type (Fixed Displacement, Variable Displacement)

6.2.6.     By Region

6.2.7.     By Company (2020)

6.3.  Market Map (By Pump Type, By Region)

7.    Asia Pacific Automotive Pump Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume      

7.2.  Market Share, & Forecast

7.2.1.     By Pump Type

7.2.2.     By Technology

7.2.3.     By Sales Channel

7.2.4.     By Vehicle Type

7.2.5.     By Displacement Type

7.2.6.     By Country

7.3.  Market Map (By Pump Type, By Country)

7.4.  Asia Pacific: Country Analysis

7.4.1.     China Automotive Pump Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share, & Forecast

7.4.1.2.1.             By Pump Type

7.4.1.2.2.             By Technology

7.4.1.2.3.             By Sales Channel

7.4.1.2.4.             By Vehicle Type

7.4.1.2.5.             By Displacement Type

7.4.2.     Japan Automotive Pump Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share, & Forecast

7.4.2.2.1.             By Pump Type

7.4.2.2.2.             By Technology

7.4.2.2.3.             By Sales Channel

7.4.2.2.4.             By Vehicle Type

7.4.2.2.5.             By Displacement Type

7.4.3.     India Automotive Pump Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share, & Forecast

7.4.3.2.1.             By Pump Type

7.4.3.2.2.             By Technology

7.4.3.2.3.             By Sales Channel

7.4.3.2.4.             By Vehicle Type

7.4.3.2.5.             By Displacement Type

7.4.4.     South Korea Automotive Pump Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share, & Forecast

7.4.4.2.1.             By Pump Type

7.4.4.2.2.             By Technology

7.4.4.2.3.             By Sales Channel

7.4.4.2.4.             By Vehicle Type

7.4.4.2.5.             By Displacement Type

7.4.5.     Thailand Automotive Pump Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share, & Forecast

7.4.5.2.1.             By Pump Type

7.4.5.2.2.             By Technology

7.4.5.2.3.             By Sales Channel

7.4.5.2.4.             By Vehicle Type

7.4.5.2.5.             By Displacement Type

7.4.6.     Indonesia Automotive Pump Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.             By Value & Volume

7.4.6.2.         Market Share, & Forecast

7.4.6.2.1.             By Pump Type

7.4.6.2.2.             By Technology

7.4.6.2.3.             By Sales Channel

7.4.6.2.4.             By Vehicle Type

7.4.6.2.5.             By Displacement Type

7.4.7.     Malaysia Automotive Pump Market Outlook

7.4.7.1.         Market Size & Forecast

7.4.7.1.1.             By Value & Volume

7.4.7.2.         Market Share, & Forecast

7.4.7.2.1.             By Pump Type

7.4.7.2.2.             By Technology

7.4.7.2.3.             By Sales Channel

7.4.7.2.4.             By Vehicle Type

7.4.7.2.5.             By Displacement Type

8.    North America Automotive Pump Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume      

8.2.  Market Share, & Forecast

8.2.1.     By Pump Type

8.2.2.     By Technology

8.2.3.     By Sales Channel

8.2.4.     By Vehicle Type

8.2.5.     By Displacement Type

8.2.6.     By Country

8.3.  Market Map (By Pump Type, By Country)

8.4.  North America: Country Analysis

8.4.1.     United States Automotive Pump Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share, & Forecast

8.4.1.2.1.             By Pump Type

8.4.1.2.2.             By Technology

8.4.1.2.3.             By Sales Channel

8.4.1.2.4.             By Vehicle Type

8.4.1.2.5.             By Displacement Type

8.4.2.     Mexico Automotive Pump Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share, & Forecast

8.4.2.2.1.             By Pump Type

8.4.2.2.2.             By Technology

8.4.2.2.3.             By Sales Channel

8.4.2.2.4.             By Vehicle Type

8.4.2.2.5.             By Displacement Type

8.4.3.     Canada Automotive Pump Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share, & Forecast

8.4.3.2.1.             By Pump Type

8.4.3.2.2.             By Technology

8.4.3.2.3.             By Sales Channel

8.4.3.2.4.             By Vehicle Type

8.4.3.2.5.             By Displacement Type

9.    Europe Automotive Pump Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume      

9.2.  Market Share, & Forecast

9.2.1.     By Pump Type

9.2.2.     By Technology

9.2.3.     By Sales Channel

9.2.4.     By Vehicle Type

9.2.5.     By Displacement Type

9.2.6.     By Country

9.3.