Automotive Pumps Market Size - By Type (Fuel Pump, Fuel Injection Pump, Water Pump, Windshield Pump, Steering Pump, Transmission Oil Pump, Vacuum Pump, Headlight Washer Pump), By Technology, By Vehicle Type, By Sales Channel & Forecast, 2024 – 2032

Automotive Pumps Market Size

Automotive Pumps Market size was valued at USD 15.1 billion in 2023 and is anticipated to register a CAGR of 4.8% between 2024 and 2032. This growth can be attributed to several factors such as increasing vehicle production, shift towards electric vehicles (EVs), and stringent emission regulations. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production reached 80.1 million units in 2021, a 3% increase from 2020. This growth in vehicle production directly correlates with increased demand for automotive pumps, which are essential components in various vehicle systems.
 

Furthermore, the shift towards electric vehicles (EVs) is also contributing to market expansion, as EVs require specialized pumps for battery cooling and thermal management systems. The International Energy Agency (IEA) reports that global electric car sales doubled in 2021 to a new record of 6.6 million, with nearly 10% of global car sales being electric in 2021. This trend is expected to continue, further driving demand for automotive pumps.
 

One major concern is the fluctuating costs of steel, aluminum, and rubber squeeze makes it difficult to profit margins as production costs rise. Unpredictable pricing makes it difficult to set stable selling prices, and in extreme cases, material shortages can disrupt production schedules. However, manufacturers can tackle this situation by diversifying suppliers for better control and optimize production processes to minimize waste.
 

Automotive Pumps Market Trends

The automotive pumps industry is witnessing several key trends, driven by technological advancements and changing vehicle structures. One significant trend is the increasing usage of electrified pumps, moving away from traditional mechanical pumps. According to the European Association of Automotive Suppliers (CLEPA), the market for electric pumps in automotive applications is expected to grow at a CAGR of 6.8% between 2021 and 2026. This shift is partly due to the rising adoption of start-stop systems and hybrid powertrains, which require pumps that can operate independently of engine speed.
 

Furthermore, the development of smart, variable-flow pumps that can adjust their output based on real-time demand, improving overall vehicle efficiency. The Japan Auto Parts Industries Association reports that variable oil pumps can reduce fuel consumption by up to 3% compared to conventional fixed-displacement pumps.
 

Additionally, there's a growing focus on lightweight pump designs to support vehicle weight reduction efforts. The Automotive Component Manufacturers Association of India (ACMA) reports that the use of advanced materials like reinforced plastics and aluminium alloys in pump manufacturing has increased by 15% over the past three years, thereby suitable for weight reduction and improved fuel efficiency hence propelling the market growth.
 

Automotive Pumps Market Analysis

Based on type, the market can be segmented into fuel pump, fuel injection pump, water pump, windshield pump, steering pump, transmission oil pump, vacuum pump, headlight washer pump. In 2023, the steering automotive pumps accounted for revenue of around USD 3.9 billion in the year 2023 and is expected to grow at a fast rate of 5.3% CAGR from 2024 to 2032.
 

The increasing popularity of large SUVs and commercial vehicles which benefit from the robust power steering systems that hydraulic and electro-hydraulic pumps provide, allowing for better handling and maneuverability as compared to EPS in these larger classes. Secondly, the growth of Advanced Driver-Assistance Systems (ADAS) creates a demand for precise and reliable steering, which current hydraulic and electro-hydraulic pump systems can deliver effectively. So, while EPS dominates in smaller cars, steering pumps remain crucial for larger vehicles and the development of safe, high-tech driving experiences.
 

Based on technology, the automotive pumps market is categorized into electric and mechanical automotive pumps. In 2023, mechanical automotive pumps accounted for revenue of around USD 10.7 billion in the year 2023. The simple design of mechanical automotive pumps makes them more affordable to produce, which appeals to budget-conscious car manufacturers. Secondly, mechanical pumps are reliable and well-suited for certain applications.
 

Asia Pacific dominated the automotive pumps market with revenue of around USD 5.9 billion in the year 2023 and expected to reach around USD 9.2 billion by 2032. This can be attributed to the growing economies of China, India, and Southeast Asian nations through which they are experiencing rapid industrial growth.
 

As the region has become a basic hub for car manufacturing, particularly in nations like China and India as the growing economies and the corresponding rise in consumer disposable income have ignited a surge in vehicle sales. This translates directly into a growing demand for automotive pumps to service this expanding automotive industry.
 

North America: In terms of country, U.S. is dominating with the overall revenue of USD 2.3 billion in the North America market. The U.S. has a long-established and well-developed automotive industry. This translates to a strong domestic market for automotive pumps, with established supply chains and infrastructure geared towards these components. Secondly, the presence of major automotive pump manufacturers headquartered in the U.S. strengthens its position. These manufacturers cater not just to the domestic market but also export to neighboring countries within the region.
 

Europe: In terms of country, Germany is dominating the Europe market in terms of automotive pumps market share of around 15% during the year 2023. Germany has an established position as a powerhouse of car manufacturing which creates a strong domestic demand for pumps, fostering a robust market within its borders. For instance, Germany boasts companies such as Bosch and Continental AG who dominate the automotive parts landscape, not just in Germany but across Europe, thereby propelling the market.
 

Asia Pacific: In terms of country, the Chinese automotive pumps market was valued at around USD 2.8 billion in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032. China has emerged as a global manufacturing powerhouse, producing a vast quantity of automobiles. This translates to a massive internal demand for automotive pumps, fueling domestic production and further enhancing China's position within the region. Secondly, China's economic growth and rising middle class have led to a surge in car ownership, further amplifying the demand for pumps.
 

Automotive Pumps Market Share

Key players involve in the automotive pumps industry are Robert Bosch GmbH, Denso Corporation, Continental AG, Delphi Technologies, Johnson Electric Holdings Limited, accounting market share of 15-20% in 2023. Manufacturers are continually investing in R&D to build quality products to increase operational efficiency of automotive pumps and thus profitability. Manufacturers are incorporating materials such as corrosion resistant automotive pumps to sustain them in for a long run, thus decreasing manufacturing costs and to enhance customer loyalty as well.
 

Automotive Pumps Market Companies

Major companies operating in the automotive pumps industry include:

• Aisin Seiki Co., Ltd.
• BorgWarner Inc.
• Continental AG
• Delphi Technologies
• Denso Corporation
• HELLA GmbH & Co. KGaA
• Hitachi Automotive Systems, Ltd.
• Johnson Electric Holdings Limited
• Magna International Inc.
• Rheinmetall Automotive AG (formerly KSPG AG)
• Robert Bosch GmbH
• Schaeffler AG
• SHW AG
• Valeo SA
• ZF Friedrichshafen AG
   

Automotive Pumps Industry News

• In June 2023, Bosch introduced its hydrogen fuel pump system. The high-pressure pump, capable of injecting hydrogen at pressures up to 700 bar. It was demonstrated on a modified heavy-duty truck engine.
   
• In September 2022, Continental unveiled its third-generation electric water pump. This new pump, weighing 20% less than its predecessor, can operate at a system voltage of 400V-800V. Continental reported that the pump achieved a 30% energy consumption reduction in real-world testing conditions, translating to an additional 3-5 km of range for a typical electric vehicle.
   
• In March 2021, BorgWarner announced the expansion of its electric vehicle pump product line. The new high-voltage coolant heater, rated at 800V, can deliver up to 10 kW of power. The company also claimed it could heat up the battery of a typical electric vehicle from 0°C to 40°C in less than 20 minutes, thereby significantly improving cold-weather range and charging efficiency.
   

The automotive pumps market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) (Million Units) from 2021 to 2032, for the following segments:

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Market, By Type

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

Market, By Technology

• Electric
• Mechanical

Market, By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

Market, By Sales Channel

• OEM
• Aftermarket

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa