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Automotive Pumps Market Size
- Report ID: GMI6001
- Published Date: Jun 2023
- Report Format: PDF
Automotive Pumps Market Size
Automotive Pumps Market size was valued at USD 14.48 billion in 2022 and is anticipated to register 4.7% CAGR from 2023 to 2032 owing to the steady rise in vehicle production worldwide. As the number of vehicles on the road increases, the product demand including fuel pumps, water pumps, oil pumps, and transmission pumps, also rises. Automotive Aftermarket industry size will exhibit a growth rate of 6.4% during the forecast period.
Governments globally are imposing stringent regulations to reduce vehicle emissions and improve fuel efficiency. Automotive pumps play a crucial role in achieving these objectives by optimizing engine performance, enhancing fuel delivery, and reducing emissions. This drives the demand for advanced pumps with higher efficiency and eco-friendly features.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Automotive Pumps Market Size in 2022: | USD 14.48 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 22.78 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 228 |
| Tables, Charts & Figures: | 295 |
| Segments covered: | Type, Technology, Vehicle Type, Sales Channel and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Pumps Market Scope
