The Global Automotive Pumps Industry Is Likely To Climb US$ 98 Bn By 2031

Published February 2, 2023

In 2020, the market for automotive pumps was valued at about US$ 54 billion. The market expansion for automotive pumps is being driven by rising demand for automobiles subject to strict requirements for the reduction of carbon emissions. Furthermore, a CAGR of approximately 6% is predicted for the automotive pumps market, which will surpass US$ 98 billion.

According to Fact.MR, a supplier of market research and competitive intelligence, the global market for automotive pumps grew significantly between 2016 and 2020 at a rate of almost 4% CAGR, achieving a market value of US$ 54 Bn by that year.

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Automotive pump manufacturers are concentrating on employing cutting-edge automation technologies. Additionally, the rising demand from end users will fuel the growth of the automotive pump industry.

As a result, it is anticipated that the automotive pumps industry will surpass US$ 98 Bn during the assessment year and surpass a CAGR of 6% during the projected period of 2021–2031.

The market for automotive pumps is anticipated to increase rapidly as a result of rising vehicle usage throughout the world along with the adoption of cutting-edge technologies to create fuel-efficient automobiles that comply with VOC (volatile organic compound) emission laws.

The Automotive Pumps Market report profiles the successive companies, which includes: – 

  • Aisin Seiki Co. Ltd.
  • Delphi Automotive
  • Denso Corporation
  • TRW Automotive
  • Mikuni Corporation
  • Continental AG
  • Johnson Electric
  • Mahle Group
  • Magna International
  • Robert Bosch Gmbh
  • SHW AG
  • Davies Craig

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Key Segments Covered

  • Pump Type
    • Automotive Fuel Injection Pumps
    • Automotive Fuel Supply Pumps
    • Automotive Engine Oil Pumps
    • Automotive Transmission Oil Pumps
    • Automotive Coolant Pumps
    • Automotive Steering Pumps
    • Automotive Vacuum Pumps
    • Automotive Windshield Washer Pumps
  • Technology Type
    • Electric Automotive Pumps
    • Mechanical Automotive Pumps
  • Vehicle Type
    • Automotive Pumps for Passenger Card
    • Automotive Pumps for HCV
    • Automotive Pumps for LCV
  • Sales Channel
    • Automotive Pumps Sales via OEM
    • Automotive Pumps Sales via Aftermarket

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