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Automotive Pumps Market Share

Report ID: GMI6001
Published Date: Jul 2024
Report Format: PDF

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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

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive pumps reached USD 15.1 billion in 2023 and is set to witness 4.8% CAGR between 2024 and 2032, attributed to the increasing vehicle production, and shift towards electric vehicles.

The steering automotive pumps industry accounted for USD 3.9 billion in 2023 and is expected to grow at 5.3% CAGR during 2024 to 2032, owing to the increasing popularity of large SUVs and commercial vehicles.

Asia Pacific market generated USD 5.9 billion in 2023 and is expected to reach USD 9.2 billion by 2032, attributed to the growing economies of China, India, and Southeast Asian nations.

Aisin Seiki Co., Ltd., BorgWarner Inc., Continental AG, Delphi Technologies, Denso Corporation, HELLA GmbH & Co. KGaA, Hitachi Automotive Systems, Ltd., Johnson Electric Holdings Limited, and Magna International Inc. among others.