Base Year
Historical Year
Forecast Year
The global automotive pump market value reached USD 18.77 billion in 2023. The industry is further expected to grow at a CAGR of 6.0% in the forecast period of 2024-2032. The industry is projected to reach a value of USD 31.59 billion in 2032 because of the rising demand for fuel-efficient vehicles.
| Global Automotive Pump Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 18.77 |
| Market Size 2032 | USD Billion | 31.59 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 6.8% |
| CAGR 2024-2032 - Market by Country | India | 7.3% |
| CAGR 2024-2032 - Market by Country | China | 6.5% |
| CAGR 2024-2032 - Market by Technology | Electric Pump | 6.4% |
| CAGR 2024-2032 - Market by Displacement | Variable Displacement | 6.2% |
| Market Share by Country 2023 | Italy | 3.2% |
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Automotive pumps function by lifting, compressing, or transferring fluids by mechanical action and by facilitating the circulation of fluids around the vehicle's operating system.
The automotive pump market dynamics and trends are being driven by their critical roles in various vehicle systems. Automotive pumps, such as those for fuel, water, oil, power steering, air conditioning, brake vacuum, transmission, windshield washer, turbocharger, and EGR, are essential for functions including fuel delivery, cooling, lubrication, steering support, climate control, braking, transmission performance, visibility, engine efficiency, and emission management.
The global automotive pump industry growth is being driven by the increasing technological advancements in the automotive pump industry like gasoline direct injection. The industry is further driven by the rising electrification of vehicles and the implementation of environmental policies by various governments. The fuel injection pump segment is anticipated to grow at the fastest pace due to an increasing demand for fuel-efficient vehicles.
The total aftermarket sales in 2020 were USD 383.0 billion, with USD 292.1 billion from light-duty vehicles and USD 90.9 billion from medium and heavy-duty vehicles. By 2021, these figures rose to USD 419.2 billion in total sales, with light-duty vehicles contributing USD 324.8 billion and medium and heavy-duty vehicles USD 94.4 billion. This represents a 9.4% growth in total aftermarket sales from 2020 to 2021.
Further, global electric vehicle (EV) penetration reached 5.8% in 2021. This growth accelerated to 7.7% in 2022, and by 2023, penetration significantly increased to 10.0%. The upward trend is anticipated to persist, with electric vehicle (EV) market share expected to grow to 12.5% in 2024 and 15.5% in 2025. This significant increase over the next five years is expected to drive the automotive pump industry revenue.
Moreover, North America produced around 14 million vehicles in 2021. In 2022, production increased to approximately 15 million vehicles. This positive trend continued, with vehicle production reaching 16 million in 2023 and 17 million in 2024. Projections for 2025 and 2026 suggest a resurgence, with production expected to hit up to 18 million vehicles annually.
Simultaneously, South Africa's domestic vehicle production in 2020 totalled 446,216 units. Passenger cars led with 237,214 units, while Light Commercial Vehicles (LCVs) accounted for 185,691 units. Medium Commercial Vehicles (MCVs) produced 6,874 units, Heavy Commercial Vehicles (HCVs) 4,208 units, and Extra Heavy Commercial Vehicles (XHCVs) 11,484 units. In 2021, total production increased to 449,087 units, with passenger cars slightly rising to 239,267 units and LCVs significantly improving to 232,166 units. HCV production increased to 5,151 units, and XHCV production grew to 14,175 units. The automotive sector saw a significant surge in 2022, with total production reaching 555,889 units. Passenger car production jumped to 309,423 units, MCVs increased to 8,478 units, HCVs rose notably to 6,270 units, and XHCVs continued to grow, reaching 15,501 units.
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“Global Automotive Pump Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Vehicle Type
Market Breakup by Technology
Market Breakup by Displacement
Market Breakup by EV Type
Market Breakup by Off-Highway Vehicle Type
Market Breakup by Region
| CAGR 2024-2032 - Market by | Country |
| India | 7.3% |
| China | 6.5% |
| Mexico | 6.3% |
| Canada | 6.0% |
| UK | 5.8% |
| USA | XX% |
| Germany | XX% |
| France | 4.9% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
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In the automotive pump market, fixed displacement pumps are appreciated for their simplicity, steady flow rate, and ease of maintenance, making them dependable and economical for applications that need consistent fluid delivery. Meanwhile, variable displacement pumps provide efficiency, adaptability, precise control, and fuel savings, addressing changing operational demands and enhancing overall system performance, which further drives the automotive pump market revenue.
The companies manufacture a diverse array of components such as transmissions, drivetrain systems, and chassis components, and are renowned for their high quality and innovative technological features.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle Type |
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| Breakup by Technology |
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| Breakup by Displacement |
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| Breakup by EV Type |
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| Breakup by Off-Highway Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive pump market reached a value of USD 18.77 billion in 2023.
The global automotive pump market is assessed to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include the increasing electrification of vehicles, implementation of environmental policies, increasing vehicle production, and rising demand for passenger cars.
The global demand for automotive pump is driven by the growing technological advancements such as direct injection fuel and rising demand for fuel efficient vehicles.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major types of automotive pumps in the market are fuel pumps, water pumps, windshield washer pumps, steering pumps, transmission oil pumps, fuel injection pumps, vacuum pumps, and headlight washer pumps.
The significant vehicle types in the market are passenger car (PC), light commercial vehicle (LCV), and heavy commercial vehicle (HCV).
The leading technology segments of the product in the market are electric pump and mechanical pump.
The major displacement segments of automotive pump in the market are fixed displacement and variable displacement.
The significant EV types in the market are battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHEVs).
The leading off-highway vehicle types of the product in the market are construction equipment and mining equipment.
The competitive landscape consists of Aisin Corporation, BorgWarner Inc., DENSO Corporation, Johnson Electric Holdings Limited, Robert Bosch GmbH, Rheinmetall AG, Continental AG, Delphi Technologies, The Sherwin-Williams Company, and Magna International Inc. among others.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to USD 31.59 billion by 2032.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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