Automotive Pump Market worth $17.7 billion by 2025

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MarketsandMarkets Presents

Automotive Pump Market worth 17.7 billion by 2025
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utomotive-pumps-market-242990293.html
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The report "Automotive Pump Market by Type (Fuel
Pump, Water Pump, Vacuum Pump, Fuel Injection
Pump, Steering Pump, Headlight Washer Pump),
Technology, Displacement, Vehicle Application,
Electric Vehicle Region", is projected to grow
at a CAGR of 6.9 from USD 12.7 billion in 2020
to USD 17.7 billion by 2025. The major factors
driving the growth of the market are fluctuating
fuel prices that have increased the demand for
fuel-efficient vehicles and increasing pressure
on automakers to comply with the emission norms.
In addition, the consistent growth in the demand
for passenger cars is likely to trigger the
growth of the automotive pump market during the
forecast period. Also, heavy investments in RD
activities by vehicle manufacturers to develop
efficient fluid technology for automotive are
expected to push the growth of the market.
Infrastructural development in emerging countries
is expected to drive the growth of commercial
vehicles, which in turn would boost the demand
for automotive pumps. Download PDF Brochure _at_
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sp?id242990293 Browse 196 market data Tables
and 65 Figures spread through 231 Pages and
in-depth TOC on "Automotive Pump Market
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By Technology Electric segment is the fastest
growing segment of the automotive pump market
during the forecast period Electric pumps, which
work with the help of electric motors, are
gradually replacing mechanical pumps. The use of
electric pumps is increasing due to their many
advantages over mechanical pumps. Electric fuel
pump provides more fuel efficiency as compared to
mechanical fuel pump. However, the installation
of electric pump requires sophisticated
electrical circuit, which increases the cost.
Major global automakers are now using electric
pumps in vehicular architecture. By Vehicle
Type HCV is expected to be the fastest growing
segment in the automotive pump market The heavy
commercial vehicle segment comprises buses and
trucks. Emerging countries such as China, Brazil,
Iran, and India among others have witnessed rapid
development of infrastructure in the recent past.
This has inflated the demand for commercial
vehicles for heavy duty applications. Also,
economic growth in these countries has enhanced
ease of doing business and paved the way for many
start-ups. The growth of the transport industry
has boosted the HCV market. These factors have
fueled the growth of the HCV market. But the
spread of COVID-19 has also declined the sales of
sales of light, medium, and heavy trucks in 2020.
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In Europe, during the third month of 2020, demand
for new heavy trucks declined significantly by
38.0. Heavy truck sales fell in all major EU
markets, with France by 27.7 and Germany by
25.9 posting the strongest drops. This brought
total registrations down to 54,168 heavy trucks
so far in 2020, or 26.9 less than last year.
Although, the situation is expected to recover in
the coming years as the manufacturing plants are
reopened in China, Japan, and other
countries. Request FREE Sample Report _at_
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.asp?id242990293 Rest of the World (RoW)
Brazil is expected to be the fastest growing
country in the Rest of the World region by
2025 The RoW region is estimated to be the
fastest growing market during the forecast
period. The region comprises some of the fastest
developing economies of the world such as Brazil,
Iran, and South Africa. The increased spending
power in Brazil and South Africa has increased
the demand for passenger cars. Growing concerns
about ecological imbalance because of excessive
emissions by automobiles have compelled
automakers to comply with the emission mandates.
These factors are responsible for the growth of
the automotive pump market in the RoW region.
Though decline in sales of light, medium, and
heavy trucks in 2020 by 2.7 YoY in Brazil as
noticed in Q1 due to the outspread of COVID-19.
The market is expected to get hampered by the
impact of coronavirus till the end of 2020.
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• The major market players include Aisin Seiki
  (Japan), Delphi (UK), Denso (Japan), Johnson
  Electric (Hong Kong), Bosch (Germany), KSPG
  (Germany), Magna (Canada), SHW (Germany), and ZF
  (Germany) among others.
• Recent Developments
• In September 2018, Aisin Seiki showcased
  aftermarket products such as water pumps and
  piston engine parts, transmission-related parts
  such as clutch discs, and brake-related parts
  such as brake pads. These products were exhibited
  at Chongqing International Auto Parts and Service
  Exhibition, Chongqing International Exposition
  Center (CQEXPO) (Chongqing, China).
• In May 2017, Delphi Product Service Solutions
  (DPSS) launched a new fuel tank cleaning kit as
  part of a technician education campaign to ensure
  the longevity of fuel pumps. Independent research
  has proven that most replacement pumps that fail
  often do so because of contamination in the fuel
  tank. Taking this fact into consideration, the
  company has introduced this cleaning kit.
• In March 2019, the company exhibited different
  types of vehicle pumps at the Shanghai
  International Automobile Industry Exhibition in
  China. The showcased pumps included washer pumps
  for window shield, headlamp, and sensor cleaning.
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

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