Automotive Fuel Pump Market: Current Analysis and Forecast (2023-2030)

Emphasis on Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Cars, Commercial Vehicle); Technology (Mechanical and Electric); Region/Country

Geography:

Global

Industry:

Automotive

Last updated:

Dec 2023

Automotive Fuel Pump Market
Automotive Fuel Pump Market

The Automotive Fuel Pump Market, is expected to reach USD 50580 Million in 2030 by growing at a CAGR of 5.95% in Forecasted Period (2023-2030).  The global automotive fuel pump market has witnessed significant growth over the past few years, with key drivers shaping its current scenario. The market’s growth is driven by several factors, including increasing vehicle production and sales, rising urbanization, infrastructure development, and the demand for energy-efficient vehicles. One of the major drivers of the automotive fuel pump market is the steady growth in vehicle production and sales worldwide. As the number of vehicles on the road increases, the demand for automotive fuel pumps also escalates, driving the market growth. Another significant driver is the increasing urbanization and infrastructure development in emerging economies. Developing countries, such as India and China, are witnessing rapid urbanization, resulting in the expansion of road networks and improved transportation services. This, in turn, boosts the demand for automotive fuel pumps for various vehicles, including cars, buses, and motorcycles.


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Furthermore, the global shift towards energy-efficient vehicles is driving advancements in automotive fuel pump technology. Governments worldwide strive to reduce carbon emissions and tackle climate change. There is a growing demand for vehicles that consume less fuel and emit fewer pollutants. This has led to the development of advanced automotive fuel pump systems that enhance fuel efficiency and minimize environmental impact.


Some of the major players operating in the market include HELLA, Marelli Holdings Co., Ltd., AISIN CORPORATION, Robert Bosch LLC, Continental AG, Phinia Inc., Hitachi Astemo, Ltd, Johnson Electric Group, VALEO GROUP, and Carter Fuel Systems, LLC. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.


Insights Presented in the Report


“Amongst vehicle type, the commercial vehicles segment held significant growth in the market in 2022.”


Based on vehicle type, the market is segmented into two-wheelers, three-wheelers, passenger cars, and commercial vehicles. Amongst these, the demand for commercial vehicles, such as trucks, buses, and vans, has been growing due to the expansion of e-commerce, logistic services, and urbanization. This growth in commercial vehicle usage has led to an increased demand for automotive fuel pumps. Additionally, automotive fuel pumps are becoming more advanced and efficient, offering benefits such as better fuel delivery, improved reliability, and increased durability. Commercial vehicle fleet owners and operators are increasingly adopting these advanced automotive fuel pump technologies to optimize fuel efficiency and reduce maintenance costs.


“Amongst technology, the mechanical segment held the significant share of the market in 2022.”


Based on technology, the market is segmented into mechanical and electric. Among these, the mechanical segment held significant growth in the automotive fuel pump market in 2022 mechanical automotive fuel pumps have been around for longer than electric automotive fuel pumps, and they have proven to be more reliable over time. They are less prone to failures and require less maintenance compared to electric automotive fuel pumps. Moreover, mechanical automotive fuel pumps are generally cheaper to purchase and maintain compared to electric automotive fuel pumps. This makes them a more cost-effective option for many consumers.


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“Europe is experiencing significant growth in the automotive fuel pump market in 2022.”


Europe has some of the strictest emission regulations in the world, such as the Euro 6 standards. These regulations push automotive manufacturers to develop fuel-efficient vehicles, which in turn necessitate advanced fuel injection systems and automotive fuel pumps. Moreover, Europe is shifting towards cleaner and renewable energy sources, including biofuels and hydrogen, thereby driving the demand for specialized automotive fuel pumps to accommodate these alternative fuels. For instance, in 2020 Continental rolled out its 48-volt Eco-Drive, a fuel-saving solution that integrates an electric motor and automotive fuel pump, helping to reduce fuel consumption in vehicles. As the average age of vehicles in Europe increases, there is a growing need for automotive fuel pump replacements due to wear and tear, enhancing the market for both original equipment manufacturers (OEMs) and aftermarket suppliers.


Automotive Fuel Pump Market Report Coverage


Automotive Fuel Pump Market
Automotive Fuel Pump Market

Reasons to buy this report:



  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

  • The report presents a quick review of overall industry performance at one glance.

  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

  • The study comprehensively covers the market across different segments.

  • Deep dive regional level analysis of the industry.


Customization Options:


The global automotive fuel pump market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.


Table of Contents

  1. 1. Market Introduction

  2. 2. Research Methodology Or Assumptions

  3. 3. Market Synopsis

  4. 4. Executive Summary

  5. 5. Global Automotive Fuel Pump Market Covid-19 Impact

  6. 6. Global Automotive Fuel Pump Market Revenue, 2020-2030f

  7. 7. Market Insights By Vehicle Type

  8. 8. Market Insights By Technology

  9. 9. Market Insights By Region

  10. 10. Automotive Fuel Pump Market Dynamics

  11. 11. Automotive Fuel Pump Market Opportunities

  12. 12. Automotive Fuel Pump Market Trends

  13. 13. Demand And Supply-side Analysis

  14. 14. Value Chain Analysis

  15. 15. Pricing Analysis

  16. 16. Competitive Scenario

  17. 17. Company Profiled

  18. 18. Disclaimer

Research Methodology for the Automotive Fuel Pump Market Analysis (2022-2030)


Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive fuel pump market were the three major steps undertaken to create and analyze the adoption of automotive fuel pump in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive fuel pump market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:


Analysis of Historical Market Size


Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market size of the automotive fuel pump market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.


Step 2: Market Segmentation:


After obtaining the historical market size of the automotive fuel pump market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as vehicle type and technology. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.


Step 3: Factor Analysis:


After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive fuel pump market. Further, we conducted factor analysis using dependent and independent variables such as vehicle type and technology of the automotive fuel pump market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive fuel pump market sector across the globe.


Current Market Size Estimate & Forecast


Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive fuel pump market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.


Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:



  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive fuel pump market across the major markets domestically

  • All percentage shares, splits, and breakdowns of market segments and sub-segments

  • Key players in the global automotive fuel pump market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation


Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.


Split of Primary Participants in Different Regions


Automotive Fuel Pump Market
Automotive Fuel Pump Market

Market Engineering


The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive fuel pump market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the vehicle type and technology in the global automotive fuel pump market.


The main Objective of the Global Automotive Fuel Pump Market Study


The current & future market trends of the global automotive fuel pump market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:



  • Analyze the current and forecast market size of the automotive fuel pump market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.

  • Segments in the study include areas of the vehicle type and technology.

  • Define and analyze the regulatory framework for the automotive fuel pump

  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.

  • Analyze the current and forecast market size of the automotive fuel pump market for the major region.

  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World

  • Company profiles of the automotive fuel pump market and the growth strategies adopted by the market players to sustain in the fast-growing market.

  • Deep dive regional level analysis of the industry




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Frequently Asked Questions FAQs

Q1: What is the current market size and growth potential of the global automotive fuel pump Market?

Q2: What are the driving factors for the growth of the global automotive fuel pump market?

Q3: Which segment has the largest share of the global automotive fuel pump market by vehicle type?

Q4: Which region will dominate the global automotive fuel pump Market?

Q5: Who are the key players operating in the global automotive fuel pump market?

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