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Automotive Pumps Market Trends

  • Report ID: GMI6001
  • Published Date: Jun 2023
  • Report Format: PDF
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Automotive Pumps Market Trends

The trend towards vehicle electrification, including hybrid and electric vehicles (EVs), is driving the demand for automotive pumps specifically designed for electric drivetrains. This includes pumps for battery cooling, power electronics cooling, and heat pumps for HVAC systems in EVs. The automotive industry's emphasis on weight reduction and space optimization is driving the development of lightweight and compact automotive pumps. Key players are utilizing advanced materials and innovative designs to reduce the weight and size of pumps, contributing to improved fuel efficiency and packaging flexibility.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of automotive pumps reached USD 14.48 billion in 2022 and is expected grow at 4.7% CAGR during 2023 to 2032, owing to a commendable rise in vehicle production worldwide.

The steering pumps industry was worth USD 3.6 billion in 2022 and is anticipated to expand at a decent growth rate till 2032 due to the rapid integration of power steering systems across the automotive space and an increased emphasis on ensuring driver convenience.

The passenger cars segment held around 65.06% of the automotive pumps industry share in 2022, attributed to the escalating use of cutting-edge systems and features in automobiles requiring efficient pumping solutions.

U.S. automotive pumps sector garnered over USD 3.07 billion in revenues in 2021, credited to the flourishing automotive sector backed by the commendable rise in vehicle production.

Robert Bosch GmbH, Denso Corporation, Continental AG, Delphi Technologies, Johnson Electric Holdings Limited, Valeo SA among others.

Automotive Pumps Market Scope

  • Automotive Pumps Market Size
  • Automotive Pumps Market Trends
  • Automotive Pumps Market Analysis
  • Automotive Pumps Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 12
    • Tables & Figures: 295
    • Countries covered: 18
    • Pages: 228
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