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The automotive pump market size is forecast to increase by USD 3.49 billion, at a CAGR of 4.14% between 2023 and 2028. Market growth hinges on various factors, including the burgeoning automotive industry in emerging economies, rising sales of electronic fuel-injected vehicles, and the implementation of new or enhanced vehicle emission standards. These dynamics propel the demand for automotive components and technologies, shaping the trajectory of the market. As emerging economies expand their automotive sectors and regulatory frameworks evolve globally, the market witnesses significant opportunities for growth and innovation, reflecting the ongoing evolution of the automotive industry.
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The market is influenced by various factors, including the increasing adoption of PHEV (Plug-in Hybrid Electric Vehicle) technology and the rising demand for more efficient combustion and cooling technologies to reduce carbon emissions. Moreover, the transition towards vehicle electrification, driven by environmental concerns and stringent environmental laws, is shaping market trends. Challenges include addressing emission levels and developing pumps compatible with diverse vehicle sub systems, such as electronic fuel injection (EFI) systems. Additionally, managing the demand for pumps in passenger automobiles amid evolving consumer preferences presents another hurdle for market players to navigate efficiently.
The growth of the automotive industry in emerging economies is the key factor notably driving market growth. The growth of per capita income in emerging economies is a result of increased economic activity. Cities serve as the hub for economic growth, so rising economic development has fueled the expansion of big cities and urbanization. According to, governments in the majority of cities in developing economies are unable to meet the population's expanding demand for public transportation due to population growth and a dearth of transportation infrastructure.
Additionally, a rise in the sales of heavy commercial vehicles for logistics in emerging economies has been attributed to the railways' inability to provide last-mile connectivity as well as the rising popularity of e-commerce websites. The development of the automotive industry in emerging economies will be a key factor influencing the global market during the forecast period because automotive pumps are essential to the effective operation of automotive engines like gasoline, and diesel engines. Moreover, advancements in engine downsizing, turbochargers, superchargers, and direct injection technology are reshaping the automotive industry, offering opportunities for business growth and helping meet emission norms set by governments across countries.
Developments in the field of hydrocarbon evaporation control systems are an emerging trend in market growth. Environmental pollution reduction is becoming a major priority for the global automotive industry. As a result, various parties involved in the automotive value chain as well as institutions and government councils are working to create an automotive sector that is environmentally sustainable. As a result, automotive technologies and systems advance and innovate, minimizing negative environmental effects.
Moreover, to reduce evaporative hydrocarbon emissions, the electric pump is made to remove the air that contains hydrocarbons from the canister. The compact and lightweight Active Purge Pump, including an effective brushless direct current (BLDC) motor, can be activated and used on demand depending on the user. By incorporating cutting-edge algorithms, the primary function of the Active Purge Pump, as well as transmission oil pumps, can be improved while adding new features to accommodate future demands. Thus, developments in hydrocarbon evaporation control systems are a major trend for the growth of the market during the forecast period.
The increasing demand for hybrid and electric vehicles is a major challenge impeding market expansion. Government organizations promote hybrid and electric vehicles due to the rise in air pollution brought on by an increase in ICE-based vehicles and the non-renewable nature of petroleum-based fuels. During the forecast period, demand for automotive pumps, such as fuel pumps, water pumps, gear pumps, and oil pumps, will decline as hybrid and electric vehicle sales rise and investments in ICE vehicles, which use automotive pumps, decline.
Moreover, the use of electric and hybrid vehicles is actively being promoted by government organizations in the EU and developed nations like the US and Japan. The sale of ICE-based vehicles will be prohibited in the Netherlands, Norway, and Germany by 2025, respectively. Similar measures to outlaw the sale of ICE-powered vehicles by 2040 have been announced in the UK and France. Therefore, during the forecast period, the rising demand for hybrid and electric vehicles will pose a significant barrier to the growth of the market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market exhibits a dynamic landscape shaped by various factors. PHEV (Plug-in Hybrid Electric Vehicle) and electric vehicles (EVs) drive innovation, prompting advancements in vehicle electrification. Technologies such as combustion technologies and cooling technologies play a pivotal role in enhancing performance and efficiency while reducing carbon emissions. As environmental concerns grow, compliance with environmental laws becomes paramount, leading to the adoption of cleaner emission levels and eco-friendly practices. Additionally, components like electronic fuel injection (EFI) and radiators ensure optimal vehicle operation, while the demand for liquefied gases and paint and solvents underscores the diverse applications of automotive pumps across vehicle sub-systems in passenger automobiles.
The mechanical segment is estimated to witness significant growth during the forecast period. Mechanical pumps are positive displacement pumps that use automated means to create fluid flow. It is typically used to pump fuel or coolant. Fuel pumps are an essential component of an automobile fuel system. Mechanical fuel pumps use a lever to create suction that draws fuel from the tank and sends it to the carburetor or fuel injection system.
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The mechanical segment was the largest segment and was valued at USD 8.06 billion in 2018. Furthermore, there are two types of mechanical pumps such as: Low-pressure mechanical pumps: Low-pressure pumps mean they can only produce flow at low pressures. The pump will no longer create flow if the outlet pressure becomes too high. Mechanical pumps play a crucial role in the proper functioning of an automotive engine and various other systems. Such benefits of mechanical pumps are expected to increase their demand in the automotive industry. Thus, the growth of the mechanical segment in the market is expected to grow during the forecast period.
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Europe is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The European market is expected to post a moderate growth rate during the forecast period. Germany, France, Italy, Spain, and the UK are the major contributors to the automotive pump market in Europe. These countries find a high uptake of advanced fuel injection systems in vehicles and enforce strict emission regulations.
Additionally, Europe is one of the leading regions in developing advanced automotive technologies. The penetration of electric cars is increasing in the region, which is one of the key factors limiting the growth of the European automotive pump market; most automotive pumps can only be used in vehicles with internal combustion engines (ICEs). Further, technological advances in automotive components, electrifying mechanical parts, and the high demand for optimal drive technologies have pushed automakers to integrate advanced fuel injection systems and drive train technologies.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market experiences a robust demand driven by various factors across the automotive landscape. Automotive OEMs prioritize compliance with stringent carbon emission norms, spurring innovation in automotive fuel injection pump technologies for both conventional fuel vehicles and PHEVs (Plug-in Hybrid Electric Vehicles). Urbanization increases the need for efficient transportation solutions, encompassing vans, utility trucks, buses, and even trains and motorcycles. Electronic components like ECUs (Electronic Control Units), sensors, microcontrollers, and actuators optimize performance, while electric pumps and hydraulic steering systems cater to diverse vehicle segments. EV technologies witness expansion, integrating electric motors, batteries, and inverter cooling systems like electric water pumps (EWPs). As megacities grapple with photochemical haze, advancements in automation technologies and ADAS (Advanced Driver Assistance System) promise safer, more efficient transportation solutions, complementing automatic transmission and power steering functionalities.
Additionally, the market is shaped by a multitude of factors, including the demands and regulations of urban areas and the oversight of regulatory bodies. With the rise of environmentally conscious transportation solutions, the adoption of PHEV (Plug in Hybrid Electric Vehicle) is gaining momentum, alongside the continued relevance of gasoline or diesel vehicles. From large vehicles to small-scale transportation options like mopeds, automotive pumps play a critical role in ensuring optimal performance. Various vehicle types, including passenger car and those in the hatchback segment, rely on mechanical pumps and steering pumps, with modern advancements embracing electric power steering (EPS) system and Electric Coolant Pumps for enhanced efficiency. The integration of Vehicle sub-systems and Advanced Driver Assistance Systems (ADAS) further underscores the significance of automotive pumps in today's vehicles. Essential components like the mechanical pump and electric coolant pump play crucial roles in maintaining engine temperature and optimal performance. The steering pump ensures smooth handling and responsiveness, contributing to driver safety and comfort.
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Market Scope |
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Report Coverage |
Details |
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Page number |
175 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.14% |
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Market Growth 2024-2028 |
USD 3.49 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.7 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 38% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Bapcor Ltd., BorgWarner Inc., Carter Fuel Systems LLC, CHIESI Farmaceutici SpA, Concentric AB, Continental AG, Cummins Inc., DENSO Corp., GMB CORP., Hitachi Ltd., Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Pricol Ltd., Rheinmetall AG, Robert Bosch GmbH, SHW AG, Stellantis NV, TI Fluid Systems Plc, Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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