Global Automotive Pump Market Forecast to 2027 - Leading Players are Aisin Seiki, Delphi, Denso, Johnson Electric, Bosch, KSPG, Magna, SHW, and ZF
DUBLIN, July 5, 2019 /PRNewswire/ -- The "Automotive Pump Market by Type (Fuel Pump, Water Pump, Vacuum Pump, Fuel Injection Pump, Steering Pump, & Headlight Washer Pump), Technology, Displacement, Vehicle Type (PC, LCV, HCV), EV (BEV, HEV, PHEV, FCEV), Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The automotive pump market is estimated to be USD 16,270 million in 2019. It is projected to grow at a CAGR of 6.3% during the forecast period, to reach a value of USD 26,532 million by 2027.
The study covers the market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as type, vehicle type, EV, technology, displacement, off-highway vehicles, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The market comprises major manufacturers such as Aisin Seiki (Japan), Delphi (UK), Denso (Japan), Johnson Electric (Hong Kong), Bosch (Germany), KSPG (Germany), Magna (Canada), SHW (Germany), and ZF (Germany), among others. The study includes an in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.
The high focus of automakers to introduce fuel-efficient vehicles coupled with stringent emission norms in several countries are anticipated to trigger the demand for automotive pumps.
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.
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.
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
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered For The Study
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Market Share, By Country
4.3 Market, By Type
4.4 Market, By Vehicle Type
4.5 Market, By Technology
4.6 Market, By Displacement
4.7 Market, By EV
4.8 Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Focus of Automakers Toward Fuel-Efficient Vehicles
5.2.1.2 Stringent Emission Norms By Government Regulatory Authorities
5.2.2 Restraints
5.2.2.1 Anticipated Growth of Electric Vehicles in the Coming Years
5.2.2.2 Increase in Installation of Electric Power Steering in Passenger Cars
5.2.3 Opportunities
5.2.3.1 Growth in the Use of Ethanol Fuel in the Automotive Industry
5.2.3.2 Increasing Trend of Engine Downsizing
5.2.4 Challenges
5.2.4.1 Increase in the Cost of Electrification of Automotive Pumps
6 Market, By Type
6.1 Introduction
6.2 Research Methodology
6.3 Fuel Pump
6.3.1 Stringent Emission Norms Across the Globe are Expected to Drive the Market
6.4 Water Pump
6.4.1 Increasing Sales of Commercial Vehicles is Expected to Drive the Water Pump Market
6.5 Windshield Washer Pump
6.5.1 Improved Efficiency of Windshield Washing By Electric Pumps to Drive the Market
6.6 Steering Pump
6.6.1 Integration of Hydraulic Steering System is Expected to Drive the Steering Pump Market
6.7 Transmission Oil Pump
6.7.1 Emission Norms in the Automotive Industry are Likely to Have an Impact on the Transmission Oil Pump Market
6.8 Fuel Injection Pump
6.8.1 Mechanically Operated Fuel Injection Pump Has the Largest Market Share Due to Conventional Powertrain in Vehicles
6.9 Vacuum Pump
6.9.1 Demand For Highly Efficient Fuel Injection System is Expected to Boost the Vacuum Pump Market
6.10 Headlight Washer Pump
6.10.1 Increase in Premium Vehicle Sales is Driving the Growth of Headlight Washer Pumps
6.11 Key Primary Insights
7 Market, By Vehicle Type
7.1 Introduction
7.2 Research Methodology
7.3 Passenger Car (PC)
7.3.1 Rise in Demand For Passenger Cars is Expected to Drive the Market
7.4 Light Commercial Vehicle (LCV)
7.4.1 Increasing Sales of Light Commercial Vehicles in North America is Expected to Drive the Market
7.5 Heavy Commercial Vehicle (HCV)
7.5.1 Improved Powertrain and Cooling System to Drive the Heavy Commercial Vehicle Market
7.6 Key Primary Insights
8 Market, By Technology
8.1 Introduction
8.2 Research Methodology
8.3 Electric Pump
8.3.1 Electric Segment is Expected to Register the Fastest Growth Rate in the Coming Years
8.4 Mechanical Pump
8.4.1 Mechanical Pump is Expected to Remain Largest Market in the Market During the Forecast Period
8.5 Key Primary Insights
9 Market, By Displacement
9.1 Introduction
9.2 Research Methodology
9.3 Fixed Displacement
9.3.1 Fixed Displacement Pumps are Likely to Remain at A Leading Position in the Coming Years
9.4 Variable Displacement
9.4.1 Reduction in Energy Losses is Likely to Drive the Growth of Variable Pump in Market
9.5 Key Primary Insights
10 Market, By Ev Type
10.1 Introduction
10.2 Research Methodology
10.3 Battery Electric Vehicle (BEV)
10.3.1 Increase in Demand For Zero-Emission BEVs is Expected to Witness Exponential Growth
10.4 Fuel Cell Electric Vehicle (FCEV)
10.4.1 Increase in Government Emphasis to Make Consumer Aware of Pollution is Expected to Push the FCEV Market
10.5 Hybrid Electric Vehicle (HEV)
10.5.1 HEV Possess the Largest Market Share in Vehicle Fleet Thus, Holds the Largest Market For Automotive Pumps
10.6 Plug-In Hybrid Vehicle (PHEV)
10.6.1 High Inclination of Major OEMs to Produce PHEVs is Pushing the Growth of Market
10.7 Key Primary Insights
11 Market, By Off-Highway Vehicle Type
11.1 Introduction
11.2 Construction Equipment
11.3 Mining Equipment
12 Market, By Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.1.1 Highest Production of Vehicles in China is Expected to Boost the Market
12.2.2 India
12.2.2.1 India is Estimated to Be the Fastest Market in the Asia Pacific Region
12.2.3 Japan
12.2.3.1 Japan is the Second Largest Market For Automotive Pump in the Asia Pacific
12.2.4 South Korea
12.2.4.1 Passenger Car Segment is Estimated to Be the Largest Market in South Korea in 2019
12.2.5 Thailand
12.2.5.1 Thailand is Appeared to Be the Third Fastest Market After China and India
12.2.6 Rest of Asia Pacific
12.2.6.1 Passenger Car Segment is Estimated to Be the Fastest as Well as Largest Market By 2027 in Rest of Asia Pacific
12.3 Europe
12.3.1 France
12.3.1.1 Heavy Commercial Vehicle Segment is Likely to Be the Fastest Market in France
12.3.2 Germany
12.3.2.1 German Market is Projected to Be the Largest Market in Europe Region
12.3.3 Russia
12.3.3.1 Passenger Car Segment is Expected to Register Fastest Growth By 2027 in Russia
12.3.4 Spain
12.3.4.1 Spain is the Third Largest Market After Germany and France in the Market Study
12.3.5 Turkey
12.3.5.1 Turkey is the Fastest Growing Market in the Europe Region During the Forecast Period
12.3.6 UK
12.3.6.1 Light Commercial Vehicle Market is Likely to Register the Fastest Growing Market in the UK in the Coming Years
12.3.7 Rest of Europe
12.3.7.1 Passenger Car Segment is Expected to Be the Largest Market in Rest of Europe
12.4 North America
12.4.1 Canada
12.4.1.1 Light Commercial Vehicle Segment is the Largest Market in Canada
12.4.2 Mexico
12.4.2.1 Mexico is Likely to Be the Fastest Growing Market in the North America Region
12.4.3 US
12.4.3.1 US is Likely to Record Largest Growth on North America Region
12.5 Rest of the World (RoW)
12.5.1 Brazil
12.5.1.1 Rise in the Demand of Passenger Car in the Country is Attributed to the Growth of Market
12.5.2 Iran
12.5.2.1 Growth in Automotive Industry in Iran is Fuelling the Growth of Market
12.5.3 South Africa
12.5.3.1 Increasing Sales of Passenger Car in South Africa is Contributing to the Growth of Market
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situations & Trends
13.3.1 New Product Developments
13.3.2 Expansions
13.3.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures/Agreements/Mergers & Acquisitions
13.4 Competitive Leadership Mapping (Major Key Players)
13.4.1 Visionary Leaders
13.4.2 Innovators
13.4.3 Dynamic Differentiators
13.4.4 Emerging Companies
13.5 Competitive Leadership Mapping (SME/Start-Ups)
13.5.1 Progressive Company
13.5.2 Responsive Companies
13.5.3 Dynamic Companies
13.5.4 Starting Blocks
14 Company Profiles
14.1 Aisin Seiki
14.2 Delphi
14.3 Denso
14.4 Johnson Electric
14.5 Robert Bosch
14.6 KSPG (Rheinmetall Automotive)
14.7 Magna International
14.8 SHW
14.9 ZF Trw
14.10 Continental
14.11 Valeo
14.12 Hitachi
14.13 Other Key Regional Players
14.13.1 Asia Pacific
14.13.1.1 Mikuni
14.13.1.2 Mitsubishi Electric
14.13.1.3 Gmb Corporation
14.13.1.4 Pricol
14.13.2 Europe
14.13.2.1 Mahle
14.13.2.2 Magneti Marelli
14.13.2.3 Wabco Holdings
14.13.2.4 Repxpert (Schaeffler)
14.13.3 North America
14.13.3.1 Cummins
14.13.3.2 Infineon
14.13.3.3 Hella
14.13.3.4 Ti Automotive
14.13.4 Rest of the World
14.13.4.1 Schadek
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