May 11, 2022 06:43 ET | Source: Research and Markets Research and Markets

Dublin, May 11, 2022 (GLOBE NEWSWIRE) -- The "Global Automotive Pumps Market by Type, Technology (Electric, Mechanical), Displacement, Vehicle Type, Sales Channel (OEM, Aftermarket), EV (BEV, HEV, PHEV, FCEV), Off-Highway Vehicles, Application and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global automotive pump market is estimated to grow from USD 14.8 billion in 2022 to USD 18.0 billion by 2027, at a CAGR of 4.1%.

Major vehicle manufacturers across the globe are focusing on introducing fuel-efficient vehicles to cater to the increased demand from consumers. Moreover, to curb rising pollution, several countries have implemented stringent emission norms for passenger cars and commercial vehicles. These factors are anticipated to push the growth of the market. However, the growth of battery-operated vehicles is considered a major restraint for the growth of the automotive pump market. Though the outbreak of the pandemic COVID-19 all over the world disturbed the economic and financial structures of the whole world. The auto industry noticed a fall due to the production halt of vehicles parts and assembly which has collapsed the economies of US, China, UK, Germany, France, Italy, Japan, and many other countries. However, In H1 2021, automakers around the world have increased the level of production due to a rise in sales. HEV is the largest electric vehicle segment of the automotive pump market during the forecast period

HEVs comprise an internal combustion engine as well as a battery. Thus, the architecture of an HEV is most suitable for installing pumps for regulating the flow of the fluid. Applications such as cooling, lubrication, and fuel injection require pumps for their efficient operation. Thus, the rising demand for HEV segment vehicles is expected to inflate the demand for automotive pumps and contribute to the growth of the global market.

Moreover, the demand for hybrid vehicles market is rising due to stringent emission regulation standards and the growing demand for low or zero-emission vehicles. Furthermore, governments of various countries provide purchase grants and tax rebates for hybrid vehicles.

For instance, in June-2021, The Indian government announced the decision to extend the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric vehicle (FAME) scheme by two years to March 31, 2024. The scheme, started in 2019 for promoting sales of hybrid and electric vehicles, was supposed to end by 2022. The government across the globe is planning to launch schemes for promoting electric vehicles, the market for electric vehicles would rise and proportionally with the sales of new electric vehicles, the market for automotive pumps would rise. Passenger car segment is expected to dominate the automotive pump market

The increase in disposable income of consumers has pushed the demand for passenger cars, which, in turn, has driven the growth of the automotive pump market. The passenger car segment is anticipated to hold the largest share in the automotive pump market. The market for automotive pump in passenger cars is expected to grow at a significant rate, particularly in the emerging economies of Asia Pacific. Furthermore, the increasing demand for electric cars by consumers and several amendments in transport policies made by various governments to curb harmful emissions are expected to drive the growth of the passenger car segment. Asia Pacific is expected to record the highest growth rate during the forecast period

The Asia Pacific market is a vast geographical region comprising countries such as Japan, China, India, South Korea, and Thailand. China is the largest producer of automobiles in the world. The country's automotive sector has witnessed significant growth in recent years. Moreover, component manufacturing startups and Tier I companies have strengthened their foothold in the region, thereby inflating the growth of the market. In addition, established automakers in Japan, China, and South Korea are expected to cater to the increased demand for pumps from OEMs in the region. Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary

4. Premium Insights 4.1 Attractive Opportunities in Automotive Pumps Market 4.2 Automotive Pumps Market, by Region 4.3 Automotive Pumps Market, by Type 4.4 Automotive Pumps Market, by Vehicle Type 4.5 Automotive Pumps Market, by Technology 4.6 Automotive Pumps Market, by Displacement 4.7 Automotive Pumps Market, by EV Type 4.8 Automotive Pumps Market, by Application

5. Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Demand for Fuel-Efficient Vehicles 5.2.1.2 Implementation of Stringent Emission Norms by Regulatory Authorities 5.2.1.3 Increasing Trend of Engine Downsizing 5.2.1.4 Demand for Lightweight Automotive Components 5.2.2 Restraints 5.2.2.1 Growing Demand for Electric Vehicles 5.2.2.2 Increase in Installation of Electric Power Steering in Passenger Cars 5.2.2.3 Growing Demand for SUVs 5.2.3 Opportunities 5.2.3.1 Growth in Usage of Ethanol Fuel in Automotive Industry 5.2.3.2 Growing Adoption of New Technologies 5.2.3.3 Robust Growth in Sales of Plug-In Hybrid Electric Vehicles 5.2.3.4 Improving Sustainability of Passenger and Freight Transport 5.2.4 Challenges 5.2.4.1 Increase in Cost of Electrification of Automotive Pumps 5.2.4.2 Decline in Growth of Aftermarket 5.3 Porters Five Forces 5.3.1 Threat of Substitutes 5.3.2 Threat of New Entrants 5.3.3 Bargaining Power of Buyers 5.3.4 Bargaining Power of Suppliers 5.3.5 Rivalry Among Existing Competitors 5.4 Key Stakeholders & Buying Criteria 5.4.1 Key Stakeholders in Buying Process 5.4.2 Buying Criteria 5.5 Automotive Pumps Market Ecosystem 5.6 Value Chain Analysis 5.7 Pricing Analysis 5.8 Technology Analysis 5.9 Patent Analysis 5.10 Trends and Disruptions in Automotive Pumps Market 5.11 Case Study 5.11.1 Reliability Analysis on Drive System of Gear-Type Oil Pump with Variable Displacement 5.11.2 Case Study on High-Power Automobile Water Pump Based on Computational Fluid Dynamics (CFD) 5.12 Regulatory Framework 5.13 Trade Data 5.14 Key Conferences & Events in 2022-2023 5.15 Tariff and Regulatory Landscape 5.16 Automotive Pumps Market: COVID-19 Impact 5.17 Automotive Pumps Market Scenario Analysis

6. Automotive Pumps Market, by Type 6.1 Introduction 6.1.1 Operational Data 6.1.2 Assumptions 6.1.3 Research Methodology 6.1.4 Key Industry Insights 6.2 Fuel Pump 6.2.1 Stringent Emission Norms Worldwide are Expected to Drive Automotive Pumps Market 6.3 Water Pump 6.3.1 Increasing Sales of Commercial Vehicles is Expected to Drive Water Pump Market 6.4 Windshield Washer Pump 6.4.1 Improved Efficiency of Windshield Washing by Electric Pumps to Drive Automotive Pumps Market 6.5 Steering Pump 6.5.1 Integration of Hydraulic Steering Systems in Vehicles is Expected to Drive Steering Pump Market 6.6 Transmission Oil Pump 6.6.1 Emission Norms for Automotive Industry are Likely to Impact Transmission Oil Pump Market 6.7 Fuel Injection Pump 6.7.1 Mechanically Operated Fuel Injection Pumps Have Larger Market Share due to Conventional Powertrain in Vehicles 6.8 Vacuum Pump 6.8.1 Demand for Highly Efficient Fuel Injection Systems is Expected to Boost Vacuum Pump Market 6.9 Headlight Washer Pump 6.9.1 Increase in Premium Vehicle Sales is Driving Growth of Headlight Washer Pump Market

7. Automotive Pumps Market, by Technology 7.1 Introduction 7.1.1 Operational Data 7.1.2 Assumptions 7.1.3 Research Methodology 7.1.4 Key Industry Insights 7.2 Electric Pump 7.2.1 Electric Segment to Register Fastest Growth in Coming Years

8. Automotive Pumps Market, by Displacement 8.1 Introduction 8.1.1 Operational Data 8.1.2 Assumptions 8.1.3 Research Methodology 8.1.4 Key Industry Insights 8.2 Fixed Displacement 8.2.1 Fixed Displacement Segment to Lead Automotive Pumps Market in Coming Years 8.3 Variable Displacement 8.3.1 Reduction in Energy Losses to Fuel Demand for Variable Pumps

9. Automotive Pumps Market, by Application 9.1 Introduction 9.1.1 Operational Data 9.1.2 Assumptions 9.1.3 Research Methodology 9.1.4 Key Industry Insights 9.2 Body & Interior 9.2.1 Increasing Demand for HCVs and LCVs for Goods Transports Would Drive Market Growth 9.3 Engine & HVAC 9.3.1 Need for Maintaining Optimum Engine Temperature is Likely to Drive Demand for Automotive Pumps from Engine & HVAC Segment 9.4 Powertrain 9.4.1 Advancements in Transmission Technologies are Likely to Drive Growth of Automotive Pumps Market in Powertrain Segment

10. Automotive Pumps Market, by Vehicle Type 10.1 Introduction 10.1.1 Operational Data 10.1.2 Research Methodology 10.1.3 Key Industry Insights 10.2 Passenger Car (Pc) 10.2.1 Rise in Demand for Passenger Cars is Expected to Drive Automotive Pumps Market 10.3 Light Commercial Vehicle (LCV) 10.3.1 Increasing Sales of Light Commercial Vehicles in North America is Expected to Drive Automotive Pumps Market 10.4 Heavy Commercial Vehicle (HCV) 10.4.1 Improved Powertrain and Cooling System to Drive Heavy Commercial Vehicle Market

11. Automotive Pumps Market, by EV Type 11.1 Introduction 11.1.1 Operational Data 11.1.2 Assumptions 11.1.3 Research Methodology 11.1.4 Key Industry Insights 11.2 Battery Electric Vehicle 11.2.1 Increase in Demand for Zero-Emission Mobility Expected to Drive Market Growth 11.3 Fuel Cell Electric Vehicle 11.3.1 Growing Government Emphasis on Making Consumers Aware of Pollution is Expected to Push Fcev Market Growth 11.4 Hybrid Electric Vehicles 11.4.1 HEV to Hold Largest Share of Automotive Pumps Market 11.5 Plug-In Hybrid Vehicles 11.5.1 High Inclination of Major OEMs Toward Producing PHEVs is Propelling Growth of Automotive Pumps Market

12. Automotive Pumps Market, by Off-Highway Vehicle Type 12.1 Introduction 12.1.1 Operational Data 12.1.2 Assumptions 12.1.3 Research Methodology 12.1.4 Key Industry Insights 12.2 Construction Equipment 12.3 Mining Equipment

13. Automotive Pumps Market, by Sales Channel 13.1 Introduction 13.1.1 Assumptions 13.1.2 Key Industry Insights 13.2 OEM 13.3 Aftermarket

14. Automotive Pumps Market, by Region

15. Competitive Landscape 15.1 Overview 15.2 Market Share Analysis for the Automotive Pumps Market 15.3 Revenue Analysis of Top Listed/Public Players 15.4 COVID-19 Impact on Automotive Pumps Market 15.5 Competitive Scenario 15.5.1 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements 15.5.2 New Product Developments, 2019-2022 15.5.3 Mergers & Acquisitions, 2019-2022 15.5.4 Expansions, 2019-2022 15.6 Company Evaluation Quadrant 15.6.1 Stars 15.6.2 Emerging Leaders 15.6.3 Pervasive 15.6.4 Participants 15.6.4.1 Competitive Benchmarking 15.6.5 Product Footprint 15.6.6 Automotive Pumps Market: Regional Footprint 15.7 Startup/SME Evaluation Quadrant 15.7.1 Progressive Companies 15.7.2 Responsive Companies 15.7.3 Dynamic Companies 15.7.4 Starting Blocks

16. Company Profiles 16.1 Key Players 16.1.1 Aisin Corporation 16.1.2 Denso 16.1.3 Robert Bosch GmbH 16.1.4 Continental AG 16.1.5 Valeo 16.1.6 Johnson Electric 16.1.7 SHW AG 16.1.8 ZF Group 16.1.9 Hitachi 16.1.10 Rheinmetall Automotive 16.1.11 Magna International Inc. 16.1.12 Mitsubishi Electric Corporation 16.2 Other Key Players 16.2.1 Mikuni Corporation 16.2.2 GMB Corporation 16.2.3 Pricol Limited 16.2.4 Mahle GmbH 16.2.5 Magneti Marelli S.p.A 16.2.6 Cummins 16.2.7 Infineon Technologies AG 16.2.8 Hella KGaA Heuck & Co. 16.2.9 TI Fluid Systems 16.2.10 Carter Fuel Systems 16.2.11 Borgwarner Inc 16.2.12 Standard Motor Products, Inc 16.2.13 Eaton Corporation 16.2.14 MTQ Engine Systems 16.2.15 Trico

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