Featured Articles
Boost Your Website Traffic with High Quality DA/PA 40+ Backlinks
Apr 7, 2023
In today’s competitive world, one must be knowledgeable about the latest online bus...
Oct 12, 2018
Kings Research published a new report on Automotive Pump Market Global Industry Size, Share, Growth, Industry Trends & Forecast 2031, covering various industry elements and growth trends helpful for predicting the industry future. Automotive Pump Market was expected to be USD 14.89 billion in 2023, projected to rise at a compound annual growth rate (CAGR) of 4.40% from 2024 to 2031, and estimated to be US$ 20.95 Billion in 2024.
Top 10 Key Companies in Automotive Pump Industry:
- MAHLE GmbH
- Hitachi Astemo Americas
- Bosch Limited
- Continental AG
- DENSO CORPORATION
- AISIN CORPORATION
- MOBIS INDIA LIMITED
- ZF Friedrichshafen AG
- MS Motorservice International GmbH
- Magna International
Regional Overview:-
North America is set to record growth at a CAGR of 5.12% over 2024-2031. The aging vehicle fleet in the region is leading to a rise in demand for replacement pumps within the aftermarket sector. With the prolonged lifespan of vehicles, the need for efficient automotive pumps to maintain vehicle performance and longevity is propelling market expansion
Emerging Trends:-
Advanced Driver-Assistance Systems (ADAS): The integration of automotive pumps with ADAS features is a prominent trend. Pumps used in power steering and braking systems require high reliability and response rates to support functions like adaptive cruise control and lane-keeping assistance. This integration enhances vehicle safety and performance, driving further market growth.
Development of Lightweight Materials: Manufacturers are increasingly focusing on developing lightweight materials for pump components to improve fuel efficiency and vehicle performance. The use of advanced polymers, composites, and lightweight metals such as aluminum is becoming more common. These innovations are crucial as automakers strive to meet stringent emission regulations.
Segmentation:-
-
By Type: Key segments include fuel pumps, water pumps, steering pumps, windshield pumps, vacuum pumps, and transmission oil pumps. Steering pumps, in particular, generated the highest revenue in 2023, driven by the demand for SUVs and commercial vehicles.
-
By Technology: The market is divided into electric and mechanical pumps. Electric pumps are gaining popularity due to their higher efficiency and integration with electric and hybrid vehicles. However, mechanical pumps still hold a significant market share due to their widespread use in conventional vehicles.
-
By Vehicle Type: The market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. Heavy commercial vehicles are expected to witness substantial growth, fueled by urbanization, infrastructure development, and the expansion of logistics sectors.
Article source: https://article-realm.com/article/Business/63607-Automotive-Pump-Market-Size-Trends-Share-Analysis-by-2024-2032.html
Comments
Reviews
Most Recent Articles
- Jul 22, 2026 Common Defects and Causes of Cold Drawn Seamless Steel Tubes by Jane Tian
- Jul 22, 2026 Horizon Boston Movers by Oleg Suru
- Jul 21, 2026 Do Brickwood Granny Flats Make Something Worth Investing in? by Aiza Graves
- Jul 21, 2026 How Can Top-Quality Wardrobe Design Enhance Your Property’s Look? by Aiza Graves
- Jul 21, 2026 How Can a Virtual Assistant for Remote Patient Monitoring Reduce Workload? by Medical Billing Services
Most Viewed Articles
- 10391 hits Market Overview: Membrane Contactor Industry 2025 by Terra Logistics
- 8467 hits Mist Sprayer Pumps Market Demands, Trends, Industry Analysis, Segmentation by 2032 by ellamrfr
- 6266 hits Next-Gen Connectivity and the Rising Demand for RF Semiconductors by James Cameroon
- 5580 hits Digital Printing Packaging Market by Technology, Application, and Region by James Cameroon
- 4611 hits Flexographic Printing Plates Market Size, Share, Report 2024-32 by ellyse perry
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
80946 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
48385 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is...
37015 Views
Facebook, the best and most used social app in the world, has all the social features you need. However, one feature is missing. You cannot chat...
23334 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
14547 Views
Moving becomes easy when you have the right moving accessories. These moving accessories help secure and protect your item by ensuring that no harm...
12420 Views
A lot of us look forward to the result of moving and not the process itself. It is pretty typical behavior, though. As modern people, many things...
11481 Views
Building a custom home is an exciting adventure. It’s your chance to bring your vision to life and create an area that sincerely displays...
11289 Views
Moving from one state, city, or even to a whole different county, is something that is either dictated by choice or circumstance. This is because,...
11247 Views
A membrane contactor is a device that enables the transfer of components between two immiscible phases, typically a gas and a liquid, through a...
10391 Views
Statistics
| Members | |
|---|---|
| Members: | 16732 |
| Publishing | |
|---|---|
| Articles: | 78,402 |
| Categories: | 202 |
| Online | |
|---|---|
| Active Users: | 8436 |
| Members: | 6 |
| Guests: | 8430 |
| Bots: | 16988 |
| Visits last 24h (live): | 10530 |
| Visits last 24h (bots): | 37816 |
