Medium & Heavy Commercial Vehicles Pumps Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 5.33 Billion
CAGR (2026-2031)	5.95%
Fastest Growing Segment	Electric Pump
Largest Market	Asia Pacific
Market Size (2031)	USD 7.54 Billion

Market Overview

The Global Medium & Heavy Commercial Vehicles Pumps Market will grow from USD 5.33 Billion in 2025 to USD 7.54 Billion by 2031 at a 5.95% CAGR. The Global Medium & Heavy Commercial Vehicles (MHCV) Pumps Market comprises the manufacturing sector dedicated to mechanical and electric pumps that circulate essential fluids, including fuel, lubricants, and coolants, within large-tonnage trucks and buses. The primary drivers supporting market growth include the rising volume of global freight transport and infrastructure projects, which necessitate reliable fleet performance and frequent component replacement. Furthermore, stringent government emission mandates compel the adoption of advanced, energy-efficient pumping systems to optimize thermal management and fuel economy, thereby sustaining demand for high-performance components.

However, a significant challenge impeding market expansion is the economic volatility and elevated interest rates that reduce capital expenditure for fleet renewals. This financial strain leads to lower vehicle production volumes in key regions, directly hindering the installed base demand for pumps. According to the European Automobile Manufacturers' Association, in 2024, new EU truck registrations declined by 6.3%, totalling 327,896 units. Such contractions in vehicle uptake create uncertainty for component suppliers, forcing them to navigate fluctuating order volumes and potential revenue stagnation.

Key Market Drivers

The Expansion of Global Construction and Infrastructure Development Activities serves as a critical engine for the market. As investment in large-scale projects rises, the procurement of vocational trucks increases, necessitating high-durability hydraulic and coolant pumps to withstand rigorous duty cycles. This uptake in heavy-duty vehicles correlates with stronger OEM orders for components capable of maintaining optimal performance under heavy loads. According to Tata Motors, July 2024, in the 'Q1 FY25 Results', the Medium & Heavy Commercial Vehicles segment witnessed a 10% year-on-year increase in sales volumes, attributed to sustained demand from continuing infrastructure development.

The Transition Towards Electric and Hybrid Commercial Vehicle Architectures is a transformative driver. This shift necessitates replacing mechanical pumps with electric pumps (e-pumps) for the precise thermal management of battery packs and power electronics. As fleets decarbonize, suppliers are innovating electronically controlled units that offer on-demand cooling independent of combustion engines. According to the European Automobile Manufacturers' Association (ACEA), August 2024, in the 'New Commercial Vehicle Registrations' report, registrations of electrically chargeable lorries in the European Union surged by 51.6% in the first half of 2024. Illustrating the broader volume potential, according to the National Automobile Dealers Association (NADA), in 2024, new heavy-duty truck sales in the United States reached nearly 203,000 units during the first three quarters.

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Key Market Challenges

Economic volatility and elevated interest rates constitute a primary obstacle hampering the expansion of the Global Medium & Heavy Commercial Vehicles Pumps Market. As borrowing costs rise, fleet operators and logistics firms face reduced capital availability, which forces a postponement of fleet renewal and expansion programs. This hesitation to invest in capital-intensive assets leads to lower manufacturing output for heavy-duty trucks and buses, thereby shrinking the order volume for original equipment pumps used in fuel and thermal management systems.

This correlation between financial strain and reduced component demand is highlighted by recent industry statistics. According to the Society of Motor Manufacturers and Traders, in the third quarter of 2024, heavy goods vehicle registrations in the United Kingdom declined by 6.0% compared to the same period in the previous year. When fewer vehicles enter the market, pump manufacturers experience an immediate stagnation in unit sales, creating inventory backlogs and disrupting production schedules without the buffer of consistent demand.

Key Market Trends

The Integration of IoT-Enabled Smart Sensors for Predictive Maintenance is reshaping the market by allowing fleet operators to monitor pump health in real-time and preempt catastrophic failures. As operational expenses climb, fleet managers are increasingly relying on smart pumping systems embedded with sensors that track vibration, pressure, and temperature to optimize service intervals and reduce downtime. This technology shifts maintenance strategies from reactive repairs to data-driven prevention, directly addressing the financial burden of vehicle upkeep. According to the American Transportation Research Institute (ATRI), July 2025, in the 'An Analysis of the Operational Costs of Trucking' report, marginal operational costs excluding fuel rose to a record high of $1.779 per mile in 2024, creating an urgent imperative for technologies that mitigate component failures and extend equipment lifecycles.

The Widespread Adoption of Variable Displacement Oil Pump Technology is accelerating as manufacturers seek to maximize the efficiency of internal combustion engines which continue to dominate the heavy-duty sector. Unlike fixed-displacement variants, these pumps dynamically adjust oil flow based on engine load and speed, significantly reducing parasitic energy losses and fuel consumption to comply with tightening emission standards. This technology remains critical for OEMs managing the transition period where diesel powertrains still constitute the vast majority of fleet volumes. According to the European Automobile Manufacturers' Association (ACEA), October 2025, in the 'New Commercial Vehicle Registrations' report, diesel trucks maintained a dominant market share of 93.5% during the first three quarters of 2025, underscoring the sustained necessity for advanced mechanical components that optimize conventional propulsion systems.

Segmental Insights

The electric pump segment is identified as the fastest-growing category within the global medium and heavy commercial vehicles pumps market. This expansion is primarily driven by the accelerated transition toward vehicle electrification and the enforcement of stringent emission regulations by authorities such as the European Commission and the United States Environmental Protection Agency. Manufacturers are increasingly prioritizing electric pumps because they operate independently of the engine, which significantly reduces parasitic energy loss and enhances overall fuel efficiency. Consequently, the demand for these components is rising as fleet operators seek compliance with environmental standards and improved operational performance.

Regional Insights

Asia Pacific leads the Global Medium & Heavy Commercial Vehicles Pumps Market, supported by its vast automotive production capabilities and expanding logistics sector. The region's dominance is reinforced by significant infrastructure investments in economies like China and India, which drive the sustainable demand for heavy-duty transport. Furthermore, regulatory bodies such as China’s Ministry of Ecology and Environment and India’s Ministry of Road Transport and Highways have enforced strict China VI and Bharat Stage VI emission standards. These mandates require the adoption of efficient vehicle pumps to ensure environmental compliance, solidifying the region's market leadership.

Recent Developments

In September 2024, ZF Commercial Vehicle Solutions unveiled its new Hydrogen Recirculation Blower at the IAA Transportation event in Hanover, marking a significant advancement for the Global Medium & Heavy Commercial Vehicles Pumps Market. Designed specifically for fuel cell-powered commercial vehicles, this innovative component recirculated unused hydrogen within the system to enhance hydrogen consumption efficiency and overall vehicle performance. The blower operated in conjunction with ZF's Fuel Cell Air Compressor to form a comprehensive air management solution. By utilizing a turbine-driven design with air bearing technology, the blower eliminated the need for oil lubrication, thereby preventing contamination of the fuel cell stack and ensuring long-term durability for heavy-duty applications.
In July 2024, Modine Manufacturing Company expanded its EVantage™ portfolio with the launch of the Cabin Climate System, a comprehensive thermal management solution specifically engineered for commercial, off-highway, and specialty electric vehicles. The new system integrated a high-voltage electric compressor, a high-voltage coolant heater, and a robust coolant pump to deliver precise temperature control for vehicle cabins. This plug-and-play solution addressed the unique thermal needs of medium- and heavy-duty electric vehicle operators by ensuring optimal passenger comfort and system reliability in harsh environments. The inclusion of the coolant pump was critical for the efficient distribution of thermal energy throughout the cabin climate loop, supporting the market's shift toward electrification.
In April 2024, Hendrickson Truck Commercial Vehicle Systems and Voith US Inc. announced a strategic partnership to jointly develop advanced product technologies for the commercial vehicle industry. This collaboration combined Hendrickson’s expertise in suspension and ride solutions with Voith’s extensive experience in electric drive systems and fluid power components, including retarders and pumps. The companies aimed to create innovative solutions specifically for the growing electric and zero-emission vehicle market. Executives from both organizations highlighted that this alliance would leverage their collective strengths to deliver groundbreaking efficiency and sustainability improvements for medium- and heavy-duty truck fleets, influencing future pump and drive system integrations.
In January 2024, Rheinmetall AG secured two significant orders from a renowned international manufacturer of passenger cars and commercial vehicles to supply variable oil pumps and electrical divert-air valves. The aggregate value of these contracts was in the mid-two-digit million-euro range. The ordered variable oil pumps were destined for the customer's conventional four- and eight-cylinder engines, which power various truck and car models. These pumps featured a fully variable vane-type design that allowed the output rate to be flexibly adjusted based on engine temperature and load. This demand-driven operation significantly contributed to reduced fuel consumption and lower carbon dioxide emissions, reinforcing the supplier's position in the commercial vehicle components sector.

Key Market Players

Aisin Corporation
Wabtec Corporation
Continental AG
Phinia Inc.
Robert Bosch GmbH
HELLA GmbH & Co. KGaA
Magna International Inc.
Johnson Electric Holdings Limited
Valeo SA
Mitsubishi Electric Corporation

By Pump Type	By Technology Type	By Sales Channel	By Region
Transmission Pump Fuel pump Oil Pump steering Pump Water Pump Vacuum Pump	Mechanical Electrical	OEM Aftermarket	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Medium & Heavy Commercial Vehicles Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Medium & Heavy Commercial Vehicles Pumps Market, By Pump Type:

Transmission Pump
Fuel pump
Oil Pump
steering Pump
Water Pump
Vacuum Pump

Medium & Heavy Commercial Vehicles Pumps Market, By Technology Type:

Mechanical
Electrical

Medium & Heavy Commercial Vehicles Pumps Market, By Sales Channel:

OEM
Aftermarket

Medium & Heavy Commercial Vehicles Pumps Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Medium & Heavy Commercial Vehicles Pumps Market.

Available Customizations:

Global Medium & Heavy Commercial Vehicles Pumps Market report 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).

Global Medium & Heavy Commercial Vehicles Pumps Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Medium & Heavy Commercial Vehicles Pumps Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Pump Type (Transmission Pump, Fuel pump, Oil Pump, steering Pump, Water Pump, Vacuum Pump)

5.2.2. By Technology Type (Mechanical, Electrical)

5.2.3. By Sales Channel (OEM, Aftermarket)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Medium & Heavy Commercial Vehicles Pumps Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Pump Type

6.2.2. By Technology Type

6.2.3. By Sales Channel

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Medium & Heavy Commercial Vehicles Pumps Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Pump Type

6.3.1.2.2. By Technology Type

6.3.1.2.3. By Sales Channel

6.3.2. Canada Medium & Heavy Commercial Vehicles Pumps Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Pump Type

6.3.2.2.2. By Technology Type

6.3.2.2.3. By Sales Channel

6.3.3. Mexico Medium & Heavy Commercial Vehicles Pumps Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Pump Type

6.3.3.2.2. By Technology Type

6.3.3.2.3. By Sales Channel

7. Europe Medium & Heavy Commercial Vehicles Pumps Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Pump Type

7.2.2. By Technology Type

7.2.3. By Sales Channel

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Medium & Heavy Commercial Vehicles Pumps Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Pump Type

7.3.1.2.2. By Technology Type

7.3.1.2.3. By Sales Channel

7.3.2. France Medium & Heavy Commercial Vehicles Pumps Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Pump Type

7.3.2.2.2. By Technology Type

7.3.2.2.3. By Sales Channel

7.3.3. United Kingdom Medium & Heavy Commercial Vehicles Pumps Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Pump Type

7.3.3.2.2. By Technology Type

7.3.3.2.3. By Sales Channel

7.3.4. Italy Medium & Heavy Commercial Vehicles Pumps Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Pump Type

7.3.4.2.2. By Technology Type

7.3.4.2.3. By Sales Channel

7.3.5. Spain Medium & Heavy Commercial Vehicles Pumps Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Pump Type

7.3.5.2.2. By Technology Type

7.3.5.2.3. By Sales Channel

8. Asia Pacific Medium & Heavy Commercial Vehicles Pumps Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Pump Type

8.2.2. By Technology Type

8.2.3. By Sales Channel

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Medium & Heavy Commercial Vehicles Pumps Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Pump Type

8.3.1.2.2. By Technology Type

8.3.1.2.3. By Sales Channel

8.3.2. India Medium & Heavy Commercial Vehicles Pumps Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Pump Type

8.3.2.2.2. By Technology Type

8.3.2.2.3. By Sales Channel

8.3.3. Japan Medium & Heavy Commercial Vehicles Pumps Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Pump Type

8.3.3.2.2. By Technology Type

8.3.3.2.3. By Sales Channel

8.3.4. South Korea Medium & Heavy Commercial Vehicles Pumps Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Pump Type

8.3.4.2.2. By Technology Type

8.3.4.2.3. By Sales Channel

8.3.5. Australia Medium & Heavy Commercial Vehicles Pumps Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Pump Type

8.3.5.2.2. By Technology Type

8.3.5.2.3. By Sales Channel

9. Middle East & Africa Medium & Heavy Commercial Vehicles Pumps Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Pump Type

9.2.2. By Technology Type

9.2.3. By Sales Channel

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Medium & Heavy Commercial Vehicles Pumps Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Pump Type

9.3.1.2.2. By Technology Type

9.3.1.2.3. By Sales Channel

9.3.2. UAE Medium & Heavy Commercial Vehicles Pumps Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Pump Type

9.3.2.2.2. By Technology Type

9.3.2.2.3. By Sales Channel

9.3.3. South Africa Medium & Heavy Commercial Vehicles Pumps Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Pump Type

9.3.3.2.2. By Technology Type

9.3.3.2.3. By Sales Channel

10. South America Medium & Heavy Commercial Vehicles Pumps Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Pump Type

10.2.2. By Technology Type

10.2.3. By Sales Channel

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Medium & Heavy Commercial Vehicles Pumps Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Pump Type

10.3.1.2.2. By Technology Type

10.3.1.2.3. By Sales Channel

10.3.2. Colombia Medium & Heavy Commercial Vehicles Pumps Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Pump Type

10.3.2.2.2. By Technology Type

10.3.2.2.3. By Sales Channel

10.3.3. Argentina Medium & Heavy Commercial Vehicles Pumps Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Pump Type

10.3.3.2.2. By Technology Type

10.3.3.2.3. By Sales Channel

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Medium & Heavy Commercial Vehicles Pumps Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Aisin Corporation

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Wabtec Corporation

15.3. Continental AG

15.4. Phinia Inc.

15.5. Robert Bosch GmbH

15.6. HELLA GmbH & Co. KGaA

15.7. Magna International Inc.

15.8. Johnson Electric Holdings Limited

15.9. Valeo SA

15.10. Mitsubishi Electric Corporation

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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