Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Fuel pump, Fuel injection pump, Water pump, Windshield pump, Steering pump, Transmission oil pump, Vacuum pump, Headlight washer pump), By Electric Vehicle Type (BEV, FCEV, HEV, PHEV), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Based on technology, Electric, Mechanical), By Displacement (Variable displacement, Fixed displacement, Based on off-highway vehicles, Construction equipment, Mining equipment), By Application (Body & Interior, Engine & HVAC, Powertrain), By Sales Channel (OEM, Aftermarket) And Competitive Landscape
Product Code: ETC4612610 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Automotive Pumps Market |
Forecast Period | 2024-2030 |
Market Size | USD 8.42 Billion -11.44 Billion |
CAGR | 6.3% |
Growing Sector | Vehicle market |
Europe Automotive Pumps Market report thoroughly covers the market By Countries, By Type, By Electric Vehicle, By Vehicle Type, By Displacement, By Application, By Sales Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Automotive Pumps Market was valued at USD 8.42 billion is expected to reach USD 11.44 billion, growing at a CAGR of around 6.3% during the forecast period. The rise in demand for vehicles and increasing focus on improving vehicle efficiency, there has been a growing need for automotive pumps in Europe.
Europe Automotive Pumps Market is expected to witness significant growth in the coming years, driven by factors such as increasing vehicle production, rising demand for fuel-efficient vehicles, and technological advancements in pump systems. Automotive pumps are essential components of a vehicle's engine system, responsible for ensuring proper fluid flow and pressure for various functions such as cooling, lubrication, and fuel delivery.
According to 6Wresearch, the Europe Automotive Pumps Market Size is expected to reach at a significant CAGR of 5.9 % during the forecast period 2024-2030. One of the major drivers of this market is the growing demand for high-performance vehicles, especially sports cars and luxury cars. These types of vehicles require more powerful pumps to ensure smooth functioning and enhanced performance. Additionally, with advancements in technology, there has been an increase in electric and hybrid vehicles that also require various types of pumps.
Despite the Europe Automotive Pumps Market Growth, the market faces some challenges such as high manufacturing costs of advanced pumps and the increasing trend towards electric vehicles. However, with continuous research and development in pump technology, these challenges are expected to be tackled effectively.
One of the key trends driving the growth of the Europe automotive pumps market is the increasing adoption of electric fuel pumps. These pumps are more efficient and reliable compared to traditional mechanical fuel pumps, resulting in improved vehicle performance and reduced emissions. The growing demand for electric vehicles is also fueling the market growth, as they require electric pumps for their propulsion systems.
Another trend in the Europe automotive pumps market is the increasing demand for lightweight and compact pumps. With advancements in technology, automotive manufacturers are focusing on reducing the weight of vehicles to improve fuel efficiency and reduce emissions. This has led to a surge in demand for lightweight and compact pumps, which take up less space and contribute to overall weight reduction of the vehicle.
Europe Automotive Pumps Market Industry has been growth and development. With the increasing demand for automobiles, there has been a significant increase in the production and sales of vehicles, resulting in a surge in demand for automotive pumps. These pumps play a crucial role in the functioning of vehicles by providing necessary fluids to various systems such as engine lubrication, cooling, fuel delivery, and more.
Several leading players dominate the Europe Automotive Pumps Market share, including both international and local manufacturers. include Robert Bosch GmbH, Denso Corporation, Continental AG, Delphi Automotive PLC, and Johnson Electric. These companies are continuously investing in research and development to introduce innovative and efficient pumps in the market.
The automotive industry is highly regulated, and the market for automotive pumps is no exception. The European Union has set strict emission standards for vehicles, which has led to the implementation of various regulations regarding fuel efficiency and emissions control. This has driven the demand for more efficient pumps that can help meet these standards.
The future of the Europe automotive pumps market looks promising, with advancements in technology and increasing demand for efficient and eco-friendly vehicles. The market is expected to witness a shift towards electric pumps and other alternative fuel pumps. Additionally, collaborations among key players and strategic partnerships are expected to further drive the market growth in the coming years. Overall, the market presents significant opportunities for both established and new players. So far, leading automotive pump manufacturers have been able to capitalize on these opportunities by introducing new products and expanding their global presence. As the demand for high-performance vehicles continues to increase in Europe, the market for automotive pumps is expected to grow steadily and offer lucrative prospects for businesses in the future.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany has shown significant growth in demand for automotive pumps in Europe. This can be attributed to the country's strong automotive industry and increasing investments in research and development for advanced pump technologies. Additionally, the German government's initiatives towards promoting electric and hybrid vehicles have further fueled the demand for automotive pumps.
According to Nitesh Kumar, Research Manager, 6Wresearch, Body & Interior segment is expected to experience a higher demand for automotive pumps in Europe. This can be attributed to the increasing focus on comfort and convenience features in vehicles, such as power seat adjustments, climate control systems, and electronic door locks.
According to recent market trends, the most in-demand electric vehicle type in Europe is battery electric vehicles (BEVs). These vehicles run solely on electricity and do not produce any emissions, making them a popular choice among environmentally-conscious consumers.
Based on recent trends, the passenger car segment is experiencing a significant growth in demand for automotive pumps in Europe. With advancements in technology and increasing consumer preference for electric vehicles, the market for electric automotive pumps is also expected to grow rapidly. This can be attributed to factors such as lower emissions, improved fuel efficiency, and a growing focus on sustainability.
Variable displacement pumps are expected to have a higher demand in the Europe automotive market due to their ability to adjust the flow rate according to the system requirements. This makes them highly efficient and ideal for various applications such as construction equipment and mining equipment.
The OEM segment is expected to experience significant growth in demand in the Europe automotive pumps market. This can be attributed to the increasing production and sales of vehicles in the region, along with the rising adoption of advanced technologies and features in new vehicles. Additionally, stringent regulations related to vehicle emissions are also driving the demand for high-performance automotive pumps from OEMs.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Automotive Pumps Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Automotive Pumps Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Automotive Pumps Market - Industry Life Cycle |
3.4 Europe Automotive Pumps Market - Porter's Five Forces |
3.5 Europe Automotive Pumps Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Automotive Pumps Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Europe Automotive Pumps Market Revenues & Volume Share, By Electric Vehicle Type, 2020 & 2030F |
3.8 Europe Automotive Pumps Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.9 Europe Automotive Pumps Market Revenues & Volume Share, By Displacement, 2020 & 2030F |
3.10 Europe Automotive Pumps Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.11 Europe Automotive Pumps Market Revenues & Volume Share, By Sales Channel, 2020 & 2030F |
4 Europe Automotive Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Automotive Pumps Market Trends |
6 Europe Automotive Pumps Market, 2020 - 2030 |
6.1 Europe Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 Europe Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
6.3 Europe Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
6.4 Europe Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
6.5 Europe Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
6.6 Europe Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
7 Germany Automotive Pumps Market, 2020 - 2030 |
7.1 Germany Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 Germany Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
7.3 Germany Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
7.4 Germany Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
7.5 Germany Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
7.6 Germany Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
8 United Kingdom Automotive Pumps Market, 2020 - 2030 |
8.1 United Kingdom Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 United Kingdom Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
8.3 United Kingdom Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
8.4 United Kingdom Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
8.5 United Kingdom Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
8.6 United Kingdom Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
9 France Automotive Pumps Market, 2020 - 2030 |
9.1 France Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
9.2 France Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
9.3 France Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
9.4 France Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
9.5 France Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
9.6 France Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
10 Italy Automotive Pumps Market, 2020 - 2030 |
10.1 Italy Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
10.2 Italy Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
10.3 Italy Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
10.4 Italy Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
10.5 Italy Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
10.6 Italy Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
11 Russia Automotive Pumps Market, 2020 - 2030 |
11.1 Russia Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
11.2 Russia Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
11.3 Russia Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
11.4 Russia Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
11.5 Russia Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
11.6 Russia Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
12 Spain Automotive Pumps Market, 2020 - 2030 |
12.1 Spain Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
12.2 Spain Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
12.3 Spain Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
12.4 Spain Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
12.5 Spain Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
12.6 Spain Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
13 Rest of Europe Automotive Pumps Market, 2020 - 2030 |
13.1 Rest of Europe Automotive Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
13.2 Rest of Europe Automotive Pumps Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
13.3 Rest of Europe Automotive Pumps Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
13.4 Rest of Europe Automotive Pumps Market, Revenues & Volume, By Displacement, 2020 - 2030 |
13.5 Rest of Europe Automotive Pumps Market, Revenues & Volume, By Application, 2020 - 2030 |
13.6 Rest of Europe Automotive Pumps Market, Revenues & Volume, By Sales Channel, 2020 - 2030 |
14 Europe Automotive Pumps Market Key Performance Indicators |
15 Europe Automotive Pumps Market - Opportunity Assessment |
15.1 Europe Automotive Pumps Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Automotive Pumps Market Opportunity Assessment, By Type, 2020 & 2030F |
15.3 Europe Automotive Pumps Market Opportunity Assessment, By Electric Vehicle Type, 2020 & 2030F |
15.4 Europe Automotive Pumps Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
15.5 Europe Automotive Pumps Market Opportunity Assessment, By Displacement, 2020 & 2030F |
15.6 Europe Automotive Pumps Market Opportunity Assessment, By Application, 2020 & 2030F |
15.7 Europe Automotive Pumps Market Opportunity Assessment, By Sales Channel, 2020 & 2030F |
16 Europe Automotive Pumps Market - Competitive Landscape |
16.1 Europe Automotive Pumps Market Revenue Share, By Companies, 2023 |
16.2 Europe Automotive Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |