Automotive Pump Market

The automotive pump market is predicted to grow from USD 12.24 billion in 2024 to USD 12.96 billion in 2035 at a CAGR of 0.5%. Demand for automotive pumps is expected to boost, driven by the increasing production of vehicles globally, coupled with the rising demand for fuel-efficient vehicles. The rising adoption of PHEVs and innovations in pump technology aimed at improving vehicle performance and efficiency are also expected to significantly driver the automotive pump market. Further, technological developments such as IoT-based vehicles, electric power steering, and the emergence of new pump modules will have a major impact on the automotive pump market in the future.

Key players dominating the automotive pump market include Denso Corporation (Japan), Aisin Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Electric Corporation (Japan). These industry leaders develop innovative products, implement expansion strategies, and foster collaborations, partnerships, mergers, and acquisitions to establish a strong foothold in the dynamically growing automotive pump market. The organic and inorganic strategies have helped the market players expand globally by providing advanced automotive pump solutions.

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Denso Corporation provides OEMs with advanced automotive technologies, systems, and components. The company operates through six segments: Electrification Systems, Powertrain Systems, Thermal Systems, Mobility Electronics, Advanced Devices, and Others. It offers fuel pumps under the Powertrain Systems segment. Its product portfolio comprises high-pressure pumps, electric water pumps, heat pump electronic control units, and headlamp cleaner pumps. The company serves nearly all major Japanese automakers and several US manufacturers, including Ford Motor Company (US), General Motors (US), and Chrysler (US), as well as prominent European auto manufacturers, such as Volvo Car Corporation (Sweden), BMW AG (Germany), and Fiat (Italy).

Aisin Corporation develops automotive components for OEMs worldwide. It operates through five segments: Powertrain, Chassis & Vehicle Safety Systems, Body, Energy Solutions and Others, and CSS (connected & sharing solutions) and Others. Its subsidiaries Aisin Automotive Casting, LLC. (US), Aisin Automotive Casting Tennessee, Inc. (US), Aisin Thai Automotive Casting Co., Ltd. (Thailand), and PT. Aisin Indonesia Automotive (Indonesia) manufacture water and oil pumps for automotive applications. The company offers various automotive pumps, including water pumps, electric water pumps, electric oil pumps, and oil pumps. Its clientele comprises Toyota Group (Japan), Volkswagen AG (Germany), Audi AG (Germany), Mitsubishi Motors Corporation (Japan), Daihatsu, (Japan) and Renault (France).

Continental AG supplies engines, powertrains, interiors, tires, mobile fluid, and air spring systems. It offers products such as power electronics, electrical water pumps, 48V DC/DC converters, 48V belt-driven starter generators with integrated inverters, 48V e-compressors, position sensors, and linear contactless, inductive, and coolant flow control valves for hybrid vehicles. The company also offers electric coolant pumps for pure electric vehicles. Continental’s customers include automobile, truck, and bus manufacturers such as Volkswagen AG (Germany), Daimler AG (Germany), Bharat Benz (India), Ford Motor Company (US), Volvo (Sweden), IVECO S.p.A (Italy), and Daimler Truck North America LLC (US), among others. It offers automotive pumps for windshield cleaning, rear window cleaning, and headlamps. The electrical vacuum pump can cover all vacuum requirements, especially in electric, hybrid, and diesel-powered vehicles and gasoline direct-injected engines.

Related Reports:

Automotive Pump Market by Pump Type, Technology (Electric, Mechanical), Displacement Type, Vehicle Type, Sales Channel (OEM, Aftermarket), EV Type (BEV, HEV, PHEV, FCEV), Off-Highway Vehicles, Application, and Region - Global Forecast to 2035

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