The report categorizes the global automotive pump market by vehicle type including, passenger cars and commercial vehicles. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
Avail Technavio’s Year-End Special offer: Get 50% off on this report and all other reports covering industries like ICT; energy; food and beverage; healthcare and life sciences; automotive; industrial automation; education; and many more. Offer valid only from Dec 18 – Jan 7.
Market driver: increasing demand for fuel-efficient vehicles
With the increase in the demand for fuel-efficient vehicles, it has been observed that the demand for electric systems has also increased. Extensive R&D has been conducted to enable the shift from traditional mechanical systems to the electric system and to make vehicle highly economical.
The current electric automotive pumps are controlled using an ECU which helps them to adapt to the situation, thereby increasing the fuel economy. This has proved to be effective. For example, the Bosch intelligent fuel injection system calibrates itself automatically and sprays only the amount of fuel required for smooth combustion, thus increasing the fuel efficiency of the vehicle.
According to Ganesh Subramaniam, a lead analyst at Technavio for automotive components research, “As these pumps are controlled by an electric servo motor, the efficiency of these pumps is higher than that of the traditional mechanical pumps. Hence, downsizing of the engine is easily possible as many external types of machinery used for hydraulic efficiency can be excluded.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: high penetration variable displacement oil pump
Automakers critically examine the internal working of the existing automotive system, owing to the stringent emission regulations and consumer preference for fuel efficiency. By increasing the efficiency of the internal vehicular components, vehicle manufacturers focus on improving fuel economy. Fixed displacement oil pumps are primarily designed to allow maximum oil to be circulated through the parts of the engines for absorbing the generated heat, lubricating the moving parts, and reducing their wear and tear. The excess oil is redirected back to the oil reservoir. To circulate the excess oil, the automotive oil pump utilizes a considerable amount of engine power, which affects the working of the engine.
Market challenge: increasing demand for electric vehicles
Stringent norms by government agencies pose a huge threat to the traditional internal combustion engines which generate high toxic emissions. The automotive sector in regions such as the Americas and EMEA is shifting towards electric vehicles due to the growing environmental concerns, increasing fuel prices, and high maintenance and purchasing costs of internal combustion engine vehicles (ICE). Hence, the rise in demand for electric vehicles will consequently affect the automotive pump market.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
Key vendors in the market
- Johnson Electric
- Robert Bosch
The global automotive pump market is highly competitive and consists of a few well-established vendors that are currently growing their customer base and increasing their investments in R&D. Due to the advancement in technology and stringent government regulations, the competitive environment in the market will intensify over the forecast period. The increasing demand for passenger cars and heavy trucks, especially in the developing countries will drive the global automotive pump market during the forecast period.
Get a sample copy of the global automotive pump market report free of cost
Access Technavio’s continuously growing automotive components research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected].
Powered by WPeMatico