Automotive pumps are utilized within various systems in a vehicle, such as the lubrication system, the fuel system, the steering system, transmission pumps, and the coolant system. They are widely utilized to enhance vehicle performance and fuel efficiency. The increasing research and development activities in the field have enabled manufacturers of automobiles to focus on developing efficient automotive pumps for vehicles. Among other developments, this has led to a shift from mechanical automotive pumps to electric automotive pumps, which has been crucial in enhancing their precision and reliability.
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The major types of pumps available in the global automotive pumps market are fuel injection pumps, windshield washer pumps, fuel supply pumps, transmission oil pumps, steering pumps, engine oil pumps, coolant pumps, and vacuum pumps. These pumps are being utilized in a number of types of vehicles such as light commercial vehicles, passenger cars, and heavy commercial vehicles.
Growing Production of Vehicles to Boost Automotive Pumps Market
The rising electrification of vehicles and the increasing production of vehicles globally are amongst the major factors fuelling the growth of the global automotive pumps market. In addition, the increasing introduction of cutting-edge automotive technologies such as automatic transmission and gasoline direct injection will also stimulate the growth of this market.
Furthermore, the increasing environmental regulations on vehicular emissions will augment the development of this market in the coming years. The automotive pumps market will also benefit from the increasing focus put on engine performance by a number of manufacturers and the growing demand for fuel-efficient vehicles. However, the growing adoption of electric motors may pose a major threat to the growth of the market for automotive pumps.
APEJ to Remain a Dominant Regional Market till 2025
On the basis of geography, the global automotive pumps market is classified into Asia Pacific excluding Japan (APEJ), North America, Western Europe, Eastern Europe, Latin America, the Middle East and Africa (MEA), and Japan. Amongst these, APEJ and Western Europe led the market in terms of value in 2015, when these two regions represented a collective share of 53.4%. APEJ is predicted to maintain its superiority in the market by the end of 2025. This is due to the rising production of automobiles in this region.
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MEA Automotive Pumps Market to Emerge as Most Swiftly Developing Market
APEJ will be followed by Western Europe in the global market till 2025. Western Europe will further be trailed by the APAC regional market for automotive pumps, which is also anticipated to constitute a significant share in the market by the end of 2025. On the other hand, in terms of growth, MEA is poised to be the most swiftly developing regional market. North America is also poised to represent a major share in the global automotive pumps market, with a valuation of US$11.5 bn expected by the end of 2025.
The prominent players in the global automotive pumps market are Robert Bosch, Aisin Seiki, Magna International, Denso Corporation, KSPG, Continental, Pricol Ltd, Delphi Automotive LLP, Wabco Holdings Inc., Magneti Marelli, and Concentric AB.