What is the Market Size Analysis for the Global Automotive Pumps Market?
The automotive pumps market size has seen substantial growth in recent years. It is estimated to expand from $22.2 billion in 2024 to $23.39 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to an increased demand for fuel efficiency and reduced emissions, changes in consumer preferences and driving habits, government regulations and safety standards, and improvements in manufacturing processes.
The automotive pumps market size is expected to enjoy robust growth in the upcoming years. It is projected to expand to $29.73 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increased demand for electric and hybrid vehicles, a growing focus on sustainability and reducing emissions, the electrification of vehicles, an increased focus on electric and hybrid powertrains, and growing demand for electric and fuel cell vehicles.
Major trends in the forecast period include the development of energy-efficient pumps, use of advanced materials for pump components, integration of variable-speed pump technologies, adoption of electrified cooling and lubrication systems, and miniaturization of pumps for lightweight and compact designs.
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What Are The Major Growth Drivers of the Automotive Pumps Market?
The rising electrification of vehicles is expected to propel the growth of the automotive pump market. An automotive pump is a device that works by lifting, compressing, or transferring fluids within the vehicle’s operating system by using mechanical force or electric energy from a motor. Rising fuel costs are compelling commuters to seek more cost-effective alternatives. Electric vehicles, a zero-emission and economical option, are gaining popularity. For instance, in 2022, increasing sales of electric vehicles boosted the total number of electric cars on the world’s roads to 26 million, an increase of 60% relative to 2021. Consequently, the rising electrification of vehicles is driving the growth of the automotive pump market.
How is the Automotive Pumps Market Segmented?
The automotive pumps market covered in this report is segmented as follows –
1) By Pump Type: Automotive Fuel Injection Pumps, Automotive Fuel Supply Pumps, Automotive Engine Oil Pumps, Automotive Transmission Oil Pumps, Automotive Coolant Pumps, Automotive Steering Pumps, Automotive Vacuum Pumps, Automotive Windshield Washer Pumps
2) By Electric Vehicle Type: BEV, FCEV, HEV, PHEV
3) By Technology Type: Electric Automotive Pumps, Mechanical Automotive Pumps
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Which Companies Are Major Players in the Automotive Pumps Market?
Major companies operating in the automotive pumps market include Aisin Seiki Co. Ltd., Denso Corporation, Robert Bosch GmbH, Johnson Electric Holdings Limited, KSPG AG, Magna International Inc., SHW AG, ZF Friedrichshafen AG, Continental AG, Concentric AB, Hella KGaA Hueck & Co., Seiki Co. Ltd., Valeo SA, Hitachi Automotive Systems Ltd., JTEKT Corporation, Magneti Marelli SpA, Delphi Technologies plc, TI Automotive Inc., Rheinmetall Automotive AG, MS Motorservice International GmbH, GMB Corporation, Pierburg GmbH, Mahle GmbH, BorgWarner Inc., Schaeffler AG, Mikuni Corporation, Bosch Mahle Turbo Systems GmbH & Co KG, SMP Deutschland GmbH, Melling Engine Parts, and Gates Corporation.
What Trends are Shaping the Future of the Automotive Pumps Market?
The growing adoption of new technologies is a crucial trend gaining traction in the automotive pump market. New technologies such as CVT oil pump provide precise and consistent hydraulic pressure. A CVT oil pump is a component in continuously variable transmission systems that provide hydraulic pressure to engage and control the transmission’s pulleys and belts, ensuring smooth and efficient gear shifting. For instance, in August 2023, Japan-based Nidec Power Train Systems launched an electric oil pump specifically designed for use in Continuously Variable Transmissions (CVTs).
What Will be the Fastest-Growing Region in the Automotive Pumps Market?
Asia-Pacific was the largest region in the automotive pumps market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Does the Automotive Pumps Market Report Define the Market in 2025?
The automotive pump transmits fluids (liquid or gas) by lowering or raising the pressure on the fluids to improve vehicle performance and fuel efficiency. Automotive pumps work by lifting, compressing, or transferring fluids within the vehicle’s operating system using mechanical force or electric energy from a motor. The Automotive Pumps Market research report from The Business Research Company delivers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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