Automotive Pump Market Trends, Business Overview, Industry Growth and Forecast to 2028

Automotive Pump market is projected to reach US$ 18340 million by 2025, from US$ 17380 million in 2020, at a CAGR of 5% during the forecast period. A pump is a device that helps in moving a matter (liquid or gas) using mechanical action. There are two types of pumps in the market: Reciprocating pumps (with linear motion) and rotary pumps (with rotating motion). Automotive pumps are crucial in vehicles and help in supplying the required amount of fluid or air for the smooth functioning of all systems. Currently, there is no replacement for these pumps.
The passenger car segment is the fastest growing and also is the largest of all the segments considered under vehicle type. This growth can be attributed to the elevated demand for passenger cars in the developing countries and rise in the income levels in the developing nations such as China and India.

Key Players:

• Continental
• DENSO
• Johnson Electric
• Robert Bosch
• Magna International
• Delphi Technologies
• Rheinmetall Automotive
• Valeo
• TRICO
• Hitachi

Market Segmentation:

by Type

• Transmission Pump
• Fuel Pump
• Oil Pump
• Steering Pump
• Water Pump
• Windshield Pump
• Vacuum Pump
• Fuel Injection Pump

by Application

• Passenger Car
• LCV
• HCV

Scope of the Report

The research study analyzes the Global Automotive Pump industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Pump Market Report:

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?