Global Automotive Pumps Market is expected to be valued at US$ 67214.51 Mn by end of 2027, Says CMI



Market Overview

Automotive pumps are important components of a vehicle or any other internal combustion engine to move fluids and increase fuel efficiency as well as vehicle performance. Generally, automobile pumps are used in a range of vehicle components, including steering, transmission, coolant, fuel and lubrication. Automotive pumps have seen considerable demand in order to provide environmentally sustainable solutions in the automotive industry. On the basis of vehicle type, the demand for automotive pumps has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of the distribution channel, the industry was segmented into the original equipment manufacturer (OEM) and the aftermarket. 

The global Automotive pump market accounted for US$ 51,885.07 Mn in terms of value and 738,923 units in terms of volume in 2018 and is anticipated to expand at CAGR by 3.8% over the period 2019-2027.

Market Opportunities


Providing custom-made pumps can present lucrative growth opportunities


The majority of manufacturers of automotive pumps depend on product differentiation in order to retain a competitive edge on the market. Automakers are making significant improvements in automotive and related product designs in order to satisfy ever-changing market demands. In addition, these manufacturers offer tailored and demand-specific products, such as low-vibration, brushless fuel pumps and compact pumps for automotive manufacturers. Offering such goods is a possible opportunity to obtain long-term supply contracts from car manufacturers. 


Enhancing the product line to provide a full solution will offer significant business opportunities. 

Pump manufacturers should sell car manufacturers a pump as a solution rather than a component in order to retain market share. Monitoring systems, control solutions and other auxiliary equipment may be combined with pumps to improve brand visibility.

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