+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Automotive Electric Fuel Pumps - Global Strategic Business Report

  • PDF Icon

    Report

  • 436 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 344050

Global Automotive Electric Fuel Pumps Market to Reach $20 Billion by 2030

The global market for Automotive Electric Fuel Pumps estimated at US$12.9 Billion in the year 2022, is projected to reach a revised size of US$20 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030. Turbine Style, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$13.5 Billion by the end of the analysis period. Growth in the Roller Vane segment is estimated at 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 7.5% CAGR

The Automotive Electric Fuel Pumps market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Select Competitors (Total 56 Featured)

  • Hitachi Ltd.
  • Denso Corporation
  • General Motors Company
  • Continental AG
  • Magna International, Inc.
  • BorgWarner, Inc.
  • Johnson Electric Holdings Limited
  • ACDelco
  • Holley Performance Products, Inc.
  • Hitachi Astemo, Ltd.
  • Mikuni Corporation
  • Edelbrock LLC
  • Pricol Ltd.
  • Rheinmetall Automotive AG
  • Groz Engineering Tools (P) Ltd. India

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Automotive Electric Fuel Pumps Market

What is the estimated value of the Automotive Electric Fuel Pumps Market?

The Automotive Electric Fuel Pumps Market was estimated to be valued at $12.9 Billion in 2022.

What is the growth rate of the Automotive Electric Fuel Pumps Market?

The growth rate of the Automotive Electric Fuel Pumps Market is 5.6%, with an estimated value of $20 Billion by 2030.

What is the forecasted size of the Automotive Electric Fuel Pumps Market?

The Automotive Electric Fuel Pumps Market is estimated to be worth $20 Billion by 2030.

Who are the key companies in the Automotive Electric Fuel Pumps Market?

Key companies in the Automotive Electric Fuel Pumps Market include Hitachi Ltd., Denso Corporation, General Motors Company, Continental AG, Magna International, Inc., BorgWarner, Inc., Johnson Electric Holdings Limited, ACDelco, Holley Performance Products, Inc. and Hitachi Astemo, Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Industrial Activity Remains Subdued in 2020 with Strong Hopes of Long Term Recovery
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Fuel Pump: A Prelude
  • An Introduction to Automotive Electric Fuel Pumps
  • Types of Electric Fuel Pumps
  • Working of an Electric Fuel Pump
  • Failures in Fuel Pumps and Causes
  • Global Market Prospects & Outlook
  • Technological Innovations to Drive Growth
  • Recent Market Activity
  • Segmental Analysis
  • Regional Analysis
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Electric is the Future of Automotive Pumps
  • Advancements in Engine Technology to Fuel Automotive Electric Fuel Pumps Market
  • Select Popular Electric Fuel Pumps Brands
  • Automobile Production Dynamics Influences Demand Patterns of Automotive Electric Fuel Pumps Market
  • World Automobile Production in Million Units: 2008-2022
  • Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
  • An Inevitable Rebound in Market Prospects to Encourage Growth in Sales of Electric Fuel Pumps: Global Commercial Vehicle Sales (In 000 Units) for Years 2018, 2020, 2022, 2024 & 2026
  • Pandemic Impact on the Automotive Industry & What’s the New Normal?
  • Car Production YoY % Growth in 2020 Across Major Regional Markets
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
  • Rising Average Vehicle Life Drive Demand for Aftermarket Electric Fuel Pumps
  • Average Age of Light Vehicles (Car & Light Commercial Vehicles) in the US for Years 2010, 2018 and 2022E
  • Average Age of Cars in the EU (2022E): Breakdown by Select Country
  • Increased Acceptance of Fuel-Efficient Vehicles Push Demand for Automotive Electric Fuel Pumps
  • Stringent Regulations Post Pandemic to Spur Growth
  • Transportation is the Biggest Contributor to GHG Emissions: Global CO2 Emissions (In Billion Metric Tons) for the Year 2021
  • Need for Reducing Automobile Weight, Improve Fuel Efficiency, and Comply with Evolving Tailpipe Emission Regulations Drive Light Weight Material in Electric Fuel Pumps
  • Post Pandemic, Massive Engineering Interest in Lightweighting Will Create Massive Interest in Innovative Lightweight Electric Fuel Pumps: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Demographic Trends Create Fertile Environment for Long-Term Growth of Automobile Market
  • Expanding Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urban Sprawl
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Growing Affluence of Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Large Base of Millennials
  • Global Millennials Population Spread by Region (in %): 2021E
  • Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2021E
  • Rising Living Standards
  • Resolving Electrical Issues with Electrical Fuel Pumps
  • Fault Diagnostics for Three-Phase Brushless DC Fuel Pumps
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Automotive Electric Fuel Pumps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Automotive Electric Fuel Pumps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Automotive Electric Fuel Pumps by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Turbine Style by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Turbine Style by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Turbine Style by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Roller Vane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Roller Vane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Roller Vane by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Sliding Vane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Sliding Vane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Sliding Vane by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Brushed DC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Brushed DC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Brushed DC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Brushless DC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Brushless DC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Brushless DC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Automotive Electric Fuel Pumps Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • INDIA
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Automotive Electric Fuel Pumps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hitachi Ltd.
  • Denso Corporation
  • General Motors Company
  • Continental AG
  • Magna International, Inc.
  • BorgWarner, Inc.
  • Johnson Electric Holdings Limited
  • ACDelco
  • Holley Performance Products, Inc.
  • Hitachi Astemo, Ltd.
  • Mikuni Corporation
  • Edelbrock LLC
  • Pricol Ltd.
  • Rheinmetall Automotive AG
  • Groz Engineering Tools (P) Ltd. India