Automotive Pump Market: Global Forecast to 2025

Type: PDF

Status: Syndicate

Categories: Automotive Services

Report Code : AS21126

No. of Pages : 250

Global automotive vacuum pump market is anticipated to reach US XX Million by the end of 2026 from USD XX Million in 2020. The global automotive vacuum pump market is expected to flourish at a CAGR of XX % in the terms of value during the time period i.e. 2016-2026. The commercial vehicle market is expected to grow slightly in the upcoming years. The automotive industry is seeing strong investments which is expected to spur the growth of the automotive vacuum pump market. Apart from this, the presence of a large fleet of vehicles on the road in the globe is spearheading current and future growth prospects. Further, growing automotive production will benefit the growth of the automotive vacuum pump market.

Market Dynamics

Growth Drivers – Automotive Vacuum Pump Market

Rising Sales of Electric Vehicles

In recent years, electric vehicles have witnessed dynamic market uptake across the globe especially in countries such as China, France, Germany, and Norway. Further, ongoing electrification of vehicles coupled with the use of electric vacuum pumps in electric cars, recreational EV vehicles, hybrid cars, and other high-performance vehicles are expected to bolster the growth of the automotive vacuum pump market in upcoming years.

Growing Automotive Aftermarket Industry

Over the last decade, the automotive aftermarket industry has been growing remarkably parallel to the automotive industry. According to the Automotive Aftermarket Products Expo (AAPEX), the global automotive aftermarket industry has grown to USD 740 Billion. Since the average age of vehicles is increasing, the demand for automotive components including vacuum pumps in the aftermarket will also be rising in the future.

Technological Advancements

In recent years, automotive vacuum pumps have gone through numerous technological advancements. The manufacturers are continuously advancing their products in order to improve their performance, durability and power efficiency. Further, rapidly changing automotive environmental policy is also making manufacturers t0 develop products that can fulfill meet strict new requirements. Also, a rising trend for power train electrification is another major factor that is likely to escalate the demand for electric vacuum pumps in upcoming years.

Barriers – Automotive Vacuum Pump Market

Falling Sales of Diesel Engine

Although the sales of new vehicles are surprisingly rising across the globe, the diesel vehicles market is witnessing a continuous plummet in terms of sales and demand across the globe. Governments across the globe are more concerned about the environment and are implementing new and strict air quality and emissions standards to control pollution occurring from vehicles. Since diesel fuel contains slightly more carbon and due to this diesel engine cars are becoming responsible for carbon emission. Governments are promoting CNG & EVs and are encouraging consumers to adopt these vehicles over diesel cars. Many governments have also restricted the sales of those diesel vehicles that failed to meet the latest emissions standards. Since a diesel engine is a major application of automotive vacuum pumps and fall in sales of diesel vehicles is going to emerge as the major barrier in the growth of global automotive vacuum pump market in upcoming years.

Segmentation Analysis

The automotive vacuum pump market is segmented by application into passenger cars, light commercial vehicles, and heavy commercial vehicles. The global vacuum pumps for the passenger cars market was valued at USD 4,549.9 million in 2018 and is expected to reach USD 7,114.7 Million by the end of 2024, growing at a CAGR of 8.2% between 2019 and 2024. According to OICA, total passenger car production registered a growth of 1.5% and reached to 73.4 million units in 2017. Further, the rising demand for vehicles in developing nations is driving the demand for various automotive components such as the vacuum pump. Further, it is anticipated that the production and sales of electric passenger cars will increase at an exponential rate in the upcoming years. This will further fuel the growth of the automotive vacuum pump market.
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Geographical Analysis

In terms of region, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe, especially Germany & Spain, will play an important role in the growth of the global automotive vacuum pump market. The European auto industry is a global leader in terms of vehicle sales & production. The presence of a large number of assembly and production plants in the region will boost the demand for automotive vacuum pumps in upcoming years. Additionally, Europe is the leading consumer of high-performance cars. The auto manufacturers are continuously integrating advanced technologies such as electric vacuum pumps in the vehicle to increase their performance level. Also, the demand for cleaner, safer and quieter is increasing in Europe and due to this, the sales and production of EV & hybrid vehicle are increasing enormously in the region. Europe's automotive vacuum pump market was held at USD 3,360.8 million in 2018 and is anticipated to reach USD 5,184.3 million by the end of 2024.

Competitive Analysis

The report also covers a detailed competitive analysis of major market players of the global automotive vacuum pump market, such as Rheinmetall Automotive AG, HELLA GmbH & Co. KGaA, WABCO, Fuxin Dare Automotive Parts Co. Ltd., Mikuni Corporation, Nabtesco Automotive Corporation, Ningbo Tuopu Group Co. Ltd., Bosch Automotive Aftermarket, Magna International Inc. and Zhejiang VIE Science & Technology Co., Ltd., among others. The automotive vacuum pump market is witnessing a wide range of industry activities such as acquisition, mergers, and expansion across the globe.
Competitive Landscape
The report profiles various major market players such as
• Rheinmetall Automotive AG
• HELLA GmbH & Co. KGaA
• WABCO
• Fuxin Dare Automotive Parts Co. Ltd.
• Mikuni Corporation
• Nabtesco Automotive Corporation
• Ningbo Tuopu Group Co. Ltd.
• Bosch Automotive Aftermarket
• Magna International Inc.
• Zhejiang VIE Science & Technology Co., Ltd.,
• Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

On the basis of type, the market has been segmented as follows:
Fuel pump
Fuel injection pump
Water pump
Windshield pump
Steering pump
Transmission oil pump
Vacuum pump
Headlight washer pump

On the basis of electric vehicle type, the market has been segmented as follows:
BEV
FCEV
HEV
PHEV

On the basis of vehicle type, the market has been segmented as follows:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

On the basis of technology, the market has been segmented as follows:
Electric
Mechanical

On the basis of displacement, the market has been segmented as follows:
Variable displacement
Fixed displacement

On the basis of off-highway vehicles, the market has been segmented as follows:
Construction equipment
Mining equipment

On the basis of application, the market has been segmented as follows:
Body & Interior
Engine & HVAC
Powertrain

On the basis of region, the market has been segmented as follows:
Asia Pacific
China
India
Japan
South Korea
Thailand
Rest of Asia Pacific
Europe
France
Germany
Russia
Spain
Turkey
UK
Rest of Europe
North America
US
Canada
Mexico
RoW
Brazil
Iran
South Africa

The study also provides a company’s positioning and market share in the automotive vacuum pump market.

Timeline Considered for Analysis:
- 2016 to 2020: Historical Trend
- 2020: Base Year
- 2021: Estimated Year
- 2021 to 2026: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

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1 INTRODUCTION

1.1Objectives of the Study

1.2Market Definition

1.2.1Inclusions & Exclusions

1.3Market Scope

1.3.1Years considered for the study

1.4Currency & Pricing

1.5Package Size

1.6Limitations

1.7Summary of Changes

1.8Stakeholders

2RESEARCH METHODOLOGY

2.1Research Data

2.1.1Secondary data

2.1.1.1Key secondary sources

2.1.1.2Key data from secondary sources

2.1.2Primary data

2.1.2.1Sampling techniques & data collection methods

2.1.3Primary participants

2.2Market size Estimation

2.2.1Bottom-up approach

2.2.2Top-down approach

2.3Automotive Pumps Market: Research Methodology Illustration of Company-Based Revenue Estimation

2.4Market Breakdown and Data Triangulation

2.5Assumptions

3EXECUTIVE SUMMARY

3.1Pre-COVID-19 and Post-COVID Impact on Automotive Pumps Market

3.2COVID-19 Impact on the Automotive Pumps Market

4PREMIUM INSIGHTS

4.1Attractive Opportunities in the Automotive Pumps Market

4.2Automotive Pumps Market share, by Country

4.3Automotive Pumps Market, by Type

4.4Automotive Pumps Market, by Vehicle Type

4.5Automotive Pumps Market, by Technology

4.6Automotive Pumps Market, by Displacement

4.7Automotive Pumps Market, by EV

4.8Automotive Pumps Market, by Application

4.9Automotive Pumps Market, by Region

5MARKET OVERVIEW

5.1Introduction

5.2Market Dynamics

5.2.1Drivers

5.2.1.1Rising focus of automakers toward fuel-efficient vehicles

5.2.1.2Stringent emission norms by government regulatory authorities

5.2.2Restraints

5.2.2.1Anticipated growth of electric vehicles in the coming years

5.2.2.2Increase in installation of electric power steering in passenger cars

5.2.3Opportunities

5.2.3.1Growth in the use of ethanol fuel in the automotive industry

5.2.3.2Increasing trend of engine downsizing

5.2.4Challenges

5.2.4.1Increase in the cost of electrification of automotive pumps

6COVID – 19 IMPACT

6.1Introduction to Covid-19

6.2COVID-19 Health Assessment

6.3COVID-19 Economic Assessment

6.3.1Scenarios in terms of recovery of the global economy

6.4Impact on Global Automotive Industry

6.5Impact on Global Automotive Pumps Market

6.6Automotive Pumps Market Scenario Analysis

6.6.1Most likely scenario

6.6.2Optimistic scenario

6.6.3Pessimistic scenario

6.7Revenue Shift Driving Market Growth

7AUTOMOTIVE PUMPS MARKET, BY TYPE

7.1Introduction

7.2Research Methodology

7.3Fuel Pump

7.3.1Stringent emission norms across the globe are expected to drive the automotive pumps market

7.4Water Pump

7.4.1Increasing sales of commercial vehicles is expected to drive the water pump market

7.5Windshield Washer Pump

7.5.1Improved efficiency of windshield washing by electric pumps to drive the automotive pumps market

7.6Steering Pump

7.6.1Integration of hydraulic steering system is expected to drive the steering pump market

7.7Transmission Oil Pump

7.7.1Emission norms in the automotive industry are likely to have an impact on the transmission oil pump market

7.8Fuel Injection Pump

7.8.1Mechanically operated fuel injection pump has the largest market share due to conventional powertrain in vehicles

7.9Vacuum Pump

7.9.1Demand for highly efficient fuel injection system is expected to boost the vacuum pump market

7.1Headlight Washer Pump

7.10.1Increase in premium vehicle sales is driving the growth of headlight washer pumps

7.11Key primary insights

8AUTOMOTIVE PUMPS MARKET, BY VEHICLE TYPE

8.1Introduction

8.2Research Methodology

8.3Passenger Car (PC)

8.3.1Rise in demand for passenger cars is expected to drive the automotive pumps market

8.4Light Commercial Vehicle (LCV)

8.4.1Increasing sales of light commercial vehicles in North America is expected to drive the automotive pumps market

8.5Heavy Commercial Vehicle (HCV)

8.5.1Improved powertrain and cooling system to drive the heavy commercial vehicle market

8.6Key Primary Insights

9AUTOMOTIVE PUMPS MARKET, BY TECHNOLOGY

9.1Introduction

9.2Research Methodology

9.3Electric Pump

9.3.1Electric segment is expected to register fastest growth rate in the coming years

9.4Mechanical Pump

9.4.1Mechanical pump is expected to remain largest market in the automotive pumps market during the forecast period

9.5Key Primary Insights

10AUTOMOTIVE PUMPS MARKET, BY DISPLACEMENT

10.1Introduction

10.2Research Methodology

10.3Fixed Displacement

10.3.1Fixed displacement pumps are likely to remain at a leading position in the coming years

10.4Variable Displacement

10.4.1Reduction in energy losses is likely to drive the growth of variable pump in market

10.5Key Primary Insights

11AUTOMOTIVE PUMPS MARKET, BY EV TYPE

11.1Introduction

11.2Research Methodology

11.3Battery Electric Vehicle (BEV)

11.3.1Increase in demand for zero emission BEVs is expected to witness exponential growth

11.4Fuel Cell Electric Vehicle (FCEV)

11.4.1Increase in government emphasis to make consumer aware of pollution is expected to push the FCEV market

11.5Hybrid Electric Vehicle (HEV)

11.5.1HEV possess the largest market share in vehicle fleet thus, holds the largest market for automotive pumps

11.6Plug-in Hybrid Vehicle (PHEV)

11.6.1High inclination of major OEMs to produce PHEVs is pushing the growth of automotive pumps market

11.7Key Primary Insights

12AUTOMOTIVE PUMPS MARKET, BY APPLICATION

12.1Introduction

12.2Research Methodology

12.3Body & Interior

12.3.1Increasing demand of HCVs and LCVs for goods transports will drive the market

12.4Engine & HVAC

12.4.1Need for maintaining optimum engine temperature is likely to drive the growth of automotive pumps

12.5Powertrain

12.5.1Technological advancement in transmission technology is likely to drive the growth of automotive pumps

12.6Key Industry Insights

13AUTOMOTIVE PUMPS MARKET, BY OFF-HIGHWAY VEHICLE TYPE

13.1Introduction

13.2Construction Equipment

13.3Mining Equipment

14AUTOMOTIVE PUMPS MARKET, BY REGION

14.1Introduction

Asia Pacific to dominate the market during the forecast period in terms of value

14.2Asia Pacific

14.2.1 Impact of COVID-19 on Asia Pacific automotive pumps market

14.2.2 China

14.2.2.1 Highest production of vehicles in China is expected to boost the automotive pumps market

14.2.2.2 China: decline in vehicle production due to COVID-19

14.2.2.3 China: Decline in vehicle sales due to COVID-19

vehicle sales data comparison (Units), 2019 VS. 2020

14.2.3India

14.2.3.1 Fastest-growing market in the Asia Pacific region

14.2.3.2India vehicle production data

India: Vehicle production data (Units)

14.2.3.3India: Decline in vehicle production due to COVID-19

Vehicle production data comparison (Units), 2019 VS. 2020

14.2.3.4India: decline in vehicle sales due to COVID-19

vehicle sales data comparison (Units), 2019 VS. 2020

14.2.4Japan

14.2.4.1 Second-largest market for automotive pump in Asia Pacific

14.2.4.2Japan vehicle production data

14.2.4.3Japan: Decline in vehicle production due to COVID-19

14.2.4.4Japan: Decline in vehicle sales due to COVID-19

14.2.5South Korea

14.2.5.1Increasing exports of hybrid models to drive the market in South Korea

14.2.5.2South Korea vehicle production data

14.2.6Thailand

14.2.6.1Renewable energy source agenda by the country to meet emission targets helping in the market growth

14.2.6.2Thailand vehicle production data

14.2.6.3Thailand: Decline in vehicle production due to COVID-19

14.2.6.4Thailand: decline in vehicle sales due to COVID-19

14.2.7Rest of Asia Pacific

14.2.7.1Increasing sales of vehicles to fuel the market

14.3Europe

14.3.1Impact of COVID-19 on European automotive pumps market

14.3.2France

14.3.2.1Heavy commercial vehicle segment likely to be the fastest market in France

14.3.2.2France: Vehicle production data

14.3.2.3France: Decline in vehicle production due to COVID-19

14.3.2.4France: Decline in vehicle sales due to COVID-19

14.3.3Germany

14.3.3.1Presence of major players to boost the market

14.3.3.2Germany vehicle production data

Table 111Germany: Vehicle production data (Units)

14.3.3.3Germany: Decline in vehicle production due to COVID-19

Table 112Germany: Q1 Vehicle production data comparison (Units), 2019 VS. 2020

14.3.3.4Germany: Decline in vehicle sales due to COVID-19

Table 113Germany: Q1 vehicle sales data comparison (Units), 2019 VS. 2020

Table 114Germany: Automotive pumps market, by vehicle type, 2017–2019 (USD Million)

Table 115Germany: Automotive pumps market, by vehicle type, 2020–2025 (USD Million)

14.3.4Russia

14.3.4.1Construction of new manufacturing plants and demand for commercial vehicles will drive the market in Russia

14.3.4.2Russia vehicle production data

14.3.4.3Russia: Decline in vehicle production due to COVID-19

14.3.5Spain

14.3.5.1Increasing adoption of electric fleet to fuel the Spanish market

14.3.5.2Spain vehicle production data

14.3.5.3Spain: Decline in vehicle production due to COVID-19

14.3.5.4Spain: Decline in vehicle sales due to COVID-19

14.3.6Turkey

14.3.6.1Skilled workforce and automotive production to fuel the market

14.3.6.2Turkey vehicle production data

14.3.6.3Turkey: Decline in vehicle production due to COVID-19

14.3.6.4Turkey: Decline in vehicle sales due to COVID-19

14.3.7UK

14.3.7.1Demand for light commercial vehicle likely to propel the market

14.3.7.2UK Vehicle production data

14.3.7.3UK: Decline in vehicle production due to COVID-19

14.3.7.4UK: Decline in vehicle sales due to COVID-19

14.3.8Rest of Europe

14.3.8.1Growing stringent regulations for pollution control to drive the market

14.4North America

14.4.1impact of COVID-19 on north american automotive pumps market

14.4.2Canada

14.4.2.1Fuel cell and electric vehicle technologies adopted by the industry to boost the market

14.4.2.2Canada vehicle production data

14.4.2.3Canada: Decline in vehicle production due to COVID-19

14.4.2.4Canada: decline in vehicle sales due to COVID-19

14.4.3Mexico

14.4.3.1Demand for fuel-efficient vehicles to drive the market

14.4.3.2Mexico vehicle production data

14.4.3.3Mexico: Decline in vehicle production due to COVID-19

14.4.3.4Mexico: decline in vehicle sales due to COVID-19

14.4.4us

14.4.4.1Increasing efforts from the government for the adoption of fuel-efficient vehicles to drive the market

14.4.4.2US vehicle production data

14.4.4.3US: Decline in vehicle production due to COVID-19

14.4.4.4US: decline in vehicle sales due to COVID-19

14.5Rest of the World (row)

14.5.1Impact of COVID-19 on row automotive pumps market

14.5.2Brazil

14.5.2.1Low cost of labor and demand for heavy-duty trucks in Brazil

14.5.2.2Brazil vehicle production data

14.5.2.3Brazil: Decline in vehicle production due to COVID-19

14.5.2.4Brazil: Decline in vehicle sales due to COVID-19

14.5.3Iran

14.5.3.1Growth in the automotive industry fuelling the automotive pumps market

14.5.4South Africa

14.5.4.1Increasing concerns for environment contributing to the growth of the automotive pumps market

14.5.4.2South Africa: Vehicle production data

14.5.4.3South Africa: Decline in vehicle production due to COVID-19

14.5.4.4South Africa: decline in vehicle sales due to COVID-19

15COMPETITIVE LANDSCAPE

15.1Overview

15.2Market Ranking Analysis

Figure 45Aisin seiki lead the automotive pumps market in 2019

15.3Market Share Analysis

15.4Competitive Situations & Trends

15.4.1New product development

Table 176New product development, 2017–2020

15.4.2Expansions

Table 177Expansions, 2017–2019

15.4.3Partnerships/supply contracts/collaborations/ joint ventures/agreements/mergers & acquisitions

Table 178Partnerships/supply contracts/collaborations/joint ventures/ agreements/mergers & acquisitions, 2017–2019

15.5Competitive Leadership Mapping (Major Key Players)

15.5.1Star

15.5.2Emerging leaders

15.5.3Pervasive

15.5.4Emerging companies

Figure 46Automotive pumps market (global): Competitive leadership mapping, 2019

15.6Competitive Leadership Mapping (SME/START-UPS)

15.6.1Progressive company

15.6.2Responsive companies

15.6.3Dynamic companies

15.6.4Starting Blocks

Figure 47Competitive leadership mapping (SME), 2019

15.7Winners vs. Losers

16COMPANY PROFILES

(Business overview, Products offered, Recent developments, SWOT analysis, MNM view)*

16.1AISIN SEIKI

Figure 48AISIN SEIKI: Company snapshot

Table 179Powertrains Revenue share over the years

Figure 49AISIN SEIKI: SWOT analysis

16.2Delphi

16.3Denso

16.4JOHNSON ELECTRIC

16.5ROBERT BOSCH

16.6RHEINMETALL AUTOMOTIVE

16.7MAGNA INTERNATIONAL

16.8SHW

16.9ZF

16.10CONTINENTAL

16.11VALEO

16.12HITACHI

*Business overview, Products offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

16.13Other Key Regional Players

16.13.1Asia Pacific

16.13.1.1MIKUNI

16.13.1.2MITSUBISHI ELECTRIC

16.13.1.3GMB CORPORATION

16.13.1.4PRICOL

16.13.2Europe

16.13.2.1MAHLE

16.13.2.2MAGNETI MARELLI

16.13.2.3WABCO HOLDINGS

16.13.2.4REPXPERT (SCHAEFFLER)

16.13.3North America

16.13.3.1CUMMINS

16.13.3.2INFINEON

16.13.3.3HELLA

16.13.3.4TI AUTOMOTIVE

16.13.4Rest of the World

16.13.4.1SCHADEK

17ADJACENT & RELATED MARKET

17.1Introduction

17.2Automotive Fuel Injection Pump Market

17.2.1Introduction

17.3Vehicle Electrification Market

17.3.1Introduction

17.4Electric Coolant Pump Market

17.4.1Introduction

18APPENDIX

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