Automotive Pump Market Size, Share, Growth & Industry Analysis, By Type (Fuel Pump, Water Pump, Steering Pump, Windshield Pump, Vacuum Pump, Transmission Oil Pump), By Sales Channel (OEM, Aftermarket), By Technology (Electric, Mechanical) By Vehicle Type, and Regional Analysis, 2024-2031

Automotive Pump Market Size

The global Automotive Pump Market size was valued at USD 14.89 billion in 2023 and is projected to reach USD 20.95 billion by 2031, growing at a CAGR of 4.40% from 2024 to 2031. In the scope of work, the report includes products offered by companies such as MAHLE GmbH, Hitachi Astemo Americas, Inc., Bosch Limited, Continental AG, DENSO CORPORATION, AISIN CORPORATION, MOBIS INDIA LIMITED, ZF Friedrichshafen AG, MS Motorservice International GmbH, Magna International Inc.and Others. The market is experiencing robust growth driven by the increasing production of automobiles, along with the surging adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs).

As the automotive industry is experiencing a transition toward electrification to reduce emissions and compliance with stringent regulations, the demand for electric pumps such as electric water pumps and electric fuel pumps has surged significantly. EVs and HEVs require efficient cooling systems and precise fuel delivery mechanisms, thus driving the demand for advanced electric pumps.

Moreover, the integration of advanced driver assistance systems (ADAS) and autonomous driving features in modern vehicles is necessitating the development of pumps for efficient steering and braking systems. This trend is bolstering the demand for automotive pumps globally. Additionally, the growing trend of vehicle electrification has led to increased investments in research and development, thereby fostering innovation in pump technology to meet the specific requirements of electric and hybrid vehicles.

The automotive pump market encompasses a diverse range of products designed to facilitate the efficient operation of various systems within automotive vehicles. These products include, but are not limited to, fuel pumps, water pumps, oil pumps, transmission pumps, and vacuum pumps. Fuel pumps are responsible for delivering fuel from the tank to the engine, ensuring proper combustion and engine performance. Water pumps circulate coolant through the engine, maintaining optimal operating temperatures to prevent overheating. Oil pumps are crucial for lubricating engine components, reducing friction, and enhancing engine longevity.

Transmission pumps facilitate the smooth operation of automatic transmission systems by maintaining hydraulic pressure. Additionally, vacuum pumps play a vital role in powering various vehicle systems, such as braking and emissions control. Collectively, these automotive pumps form an integral part of vehicle functionality, ensuring optimal performance, efficiency, and reliability in modern automotive systems.

Analyst’s Review

The automotive pump market presents a robust landscape, fueled by the evolution of regulatory frameworks that prioritize emission control and fuel efficiency. This emphasis is propelling demand for advanced pump technologies, particularly in electric and hybrid vehicles. Additionally, the integration of driver assistance systems underscores the importance of efficient pumps. Emerging countries within the Middle East & Africa and Asia Pacific regions are witnessing rapid growth in automotive production, thereby fueling the expansion of the automotive pump market.

However, challenges such as intensifying competition and technological disruptions are impacting market growth. To navigate these challenges, key players are focusing on innovation and forging strategic partnerships to deliver tailored solutions, thus ensuring sustained growth and competitiveness in the market.

Automotive Pump Market Growth Factors

The surge in vehicle production has created significant demand for automotive pumps in both new installations and aftermarket replacements, which is propelling market expansion. For instance, in regions such as Asia Pacific, where automotive production is witnessing exponential growth, the demand for automotive pumps is increasing due to the burgeoning automotive market. Moreover, the increasing adoption of SUVs and heavy-duty vehicles globally, driven by changing consumer preferences, is generating a strong demand for automotive pumps capable of handling larger loads.

Furthermore, the rising popularity of electric vehicles (EVs) is driving demand for new pump technologies tailored specifically for thermal management systems and other EV-specific functions. As the automotive industry is witnessing a notable shift toward electrification to mitigate emissions, the demand for electric pumps, such as electric water pumps and electric fuel pumps, is increasing.

• For instance, electric water pumps play a crucial role in managing the temperature of EV batteries, thereby ensuring optimal performance and better battery life.

However, the automotive pump industry faces several challenges due to fluctuations in raw material prices, such as steel, aluminum, and rubber. Price volatility impacts production costs and profitability for automotive pump manufacturers. To mitigate the impact of volatile raw material prices, manufacturers aim to implement strategies such as hedging, supplier diversification, and process optimization to maintain competitiveness and ensure profitability. Despite these challenges, the automotive pump market is poised to witness sustained growth in the forthcoming years, fueled by rising vehicle production and shifting consumer preferences toward larger vehicles and electrification.

Automotive Pump Market Trends

Integration of automotive pumps with advanced driver-assistance systems (ADAS) is driving market expansion. As ADAS features continue to evolve, there is an increasing demand for pumps that can be seamlessly integrated into these systems. For instance, pumps for power steering and braking systems demand high response rates and reliability to support functions such as adaptive cruise control, lane-keeping assistance, and automatic emergency braking. Additionally, the integration of pumps with ADAS systems is contributing to vehicle safety and performance, thereby propelling market growth.

Manufacturers are increasingly focusing on developing lightweight materials to reduce vehicle weight aiming to improve fuel efficiency and performance. This is driving the development of lighter pump components using materials such as advanced polymers, composites, and lightweight metals, including aluminum and other alloys. For instance, using aluminum alloy housings for pumps contributes to weight reduction without compromising on durability or performance. As automotive manufacturers strive to meet stringent regulatory standards relating to reduced emissions, the demand for lightweight pumps with innovative materials is anticipated to increase significantly.

Segmentation Analysis

The global market is segmented based on type, sales channel, technology, vehicle type, and geography.

By Type

Based on type, the market is categorized into fuel pump, water pump, steering pump, windshield pump, vacuum pump, and transmission oil pump. The steering pump segment garnered the highest revenue of USD 3.74 billion in 2023. This dominance can be attributed to an increasing preference for large-sized vehicles, such as SUVs, along with the expansion of commercial fleets, particularly in regions including North America, Europe, and Asia-Pacific. Moreover, the growing adoption of advanced driver assistance systems (ADAS) in modern vehicles is generating a need for precise and reliable steering systems, thereby fueling the demand for steering pumps.

Additionally, the aftermarket for steering pumps is well-established, providing a stable revenue stream for manufacturers. With continuous technological advancements aimed at improving steering efficiency and enhancing vehicle safety, the steering pump segment is projected to experience steady growth in the automotive pump market.

By Technology

Based on technology, the market is bifurcated into electric and mechanical. The mechanical segment captured the largest automotive pump market share of 73.64% in 2023. The notable shift toward vehicle electrification has led to a surge in demand for electric pumps across various vehicle systems. Electric pumps offer several advantages over mechanical pumps, such as higher efficiency, precise control, and reduced energy consumption. Moreover, the integration of electrified powertrains in modern vehicles is propelling the adoption of electric pump technologies.

Additionally, the growing popularity of electric vehicles (EVs) and hybrid electric vehicles (HEVs) is driving the demand for electric pumps for applications such as thermal management systems and battery cooling.

By Vehicle Type

Based on vehicle type, the market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The heavy commercial vehicles segment is projected to witness substantial growth at a CAGR of 5.43% over 2024-2031. The increasing demand for heavy commercial vehicles, driven by rapid urbanization, infrastructure development, and expanding logistics and transportation sectors, is projected to propel segment growth.

Moreover, stringent emission regulations and the pressing need for fuel efficiency are prompting manufacturers to adopt advanced pump technologies in heavy commercial vehicles to optimize engine performance and reduce emissions. Additionally, the rising adoption of safety features in heavy commercial vehicles is driving the demand for pumps for applications such as power steering and braking systems.

Automotive Pump Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

The Asia-Pacific Automotive Pump Market share stood around 32.17% in 2023 in the global market, with a valuation of USD 4.79 billion. The region dominated the global market due to remarkable growth in vehicle production in key automotive hubs such as China, India, and Japan. The surge in vehicle production is propelling the demand for automotive pumps, driven by the need for both new installations and aftermarket replacements.

Additionally, Asia-Pacific benefits from a strong manufacturing base and competitive pricing, enabling manufacturers in the region to effectively cater to price-sensitive segments of the market.

• The cost-effectiveness exhibited by Asian manufacturers enhances their market competitiveness, positioning the region as a pivotal hub for automotive pump production and supply globally.

North America is set to record growth at a CAGR of 5.12% over 2024-2031. The aging vehicle fleet in the region is leading to a rise in demand for replacement pumps within the aftermarket sector. With the prolonged lifespan of vehicles, the need for efficient automotive pumps to maintain vehicle performance and longevity is propelling market expansion. Additionally, the prevailing consumer preference for larger vehicles, such as SUVs and trucks, in North America underscores the need for pumps designed to handle higher capacities and loads, thereby boosting demand in the region.

Competitive Landscape

The automotive pump market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions. Companies are adopting lucrative measures, including broadening their range of services, allocating resources to research and development (R&D), establishing state-of-the-art service delivery centers, and streamlining their service delivery processes, to gain a strong foothold in the market.

List of Key Companies in Automotive Pump Market

• MAHLE GmbH
• Hitachi Astemo Americas, Inc.
• Bosch Limited
• Continental AG
• DENSO CORPORATION
• AISIN CORPORATION
• MOBIS INDIA LIMITED
• ZF Friedrichshafen AG
• MS Motorservice International GmbH
• Magna International Inc.

The global Automotive Pump Market is segmented as:

By Type

• Fuel Pump
• Water Pump
• Steering Pump
• Windshield Pump
• Vacuum Pump
• Transmission Oil Pump

By Sales Channel

• OEM
• Aftermarket

By Technology

• Electric
• Mechanical

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America