The global automotive pump market value reached USD 19.90 Billion in 2024. The industry is further expected to grow at a CAGR of 6.00% in the forecast period of 2025-2034. The industry is projected to reach a value of USD 35.64 Billion in 2034 because of the rising demand for fuel-efficient vehicles.
The automotive pump market dynamics and trends are being driven by their critical roles in various vehicle systems. Automotive pumps, such as those for fuel, water, oil, power steering, air conditioning, brake vacuum, transmission, windshield washer, turbocharger, and EGR, are essential for functions including fuel delivery, cooling, lubrication, steering support, climate control, braking, transmission performance, visibility, engine efficiency, and emission management.
Further, global electric vehicle (EV) penetration reached 5.8% in 2021. This growth accelerated to 7.7% in 2022, and by 2023, penetration significantly increased to 10.0%. The upward trend is anticipated to persist, with electric vehicle (EV) market share expected to grow to 12.5% in 2024 and 15.5% in 2025. This significant increase over the next five years is expected to drive the automotive pump industry revenue.
Moreover, North America produced around 14 million vehicles in 2021. In 2022, production increased to approximately 15 million vehicles. This positive trend continued, with vehicle production reaching 16 million in 2023 and 17 million in 2024. Projections for 2025 and 2026 suggest a resurgence, with production expected to hit up to 18 million vehicles annually.
Simultaneously, South Africa's domestic vehicle production in 2020 totalled 446,216 units. Passenger cars led with 237,214 units, while Light Commercial Vehicles (LCVs) accounted for 185,691 units. Medium Commercial Vehicles (MCVs) produced 6,874 units, Heavy Commercial Vehicles (HCVs) 4,208 units, and Extra Heavy Commercial Vehicles (XHCVs) 11,484 units. In 2021, total production increased to 449,087 units, with passenger cars slightly rising to 239,267 units and LCVs significantly improving to 232,166 units. HCV production increased to 5,151 units, and XHCV production grew to 14,175 units. The automotive sector saw a significant surge in 2022, with total production reaching 555,889 units. Passenger car production jumped to 309,423 units, MCVs increased to 8,478 units, HCVs rose notably to 6,270 units, and XHCVs continued to grow, reaching 15,501 units.
Pumps are crucial for various vehicle systems.
BorgWarner Inc.
Founded in 1928 and headquartered in Michigan, United States, BorgWarner Inc. is a global leader in providing advanced powertrain solutions. The company designs and manufactures products that improve fuel efficiency, emissions control, and performance for a wide range of automotive applications, focusing on innovative, sustainable technologies.
Other key players in the automotive pump market report are Robert Bosch GmbH, Rheinmetall AG, Continental AG, Delphi Technologies, The Sherwin-Williams Company, and Magna International Inc., among others.
Global Automotive Pump Market Growth
Automotive pumps function by lifting, compressing, or transferring fluids by mechanical action and by facilitating the circulation of fluids around the vehicle's operating system.The automotive pump market dynamics and trends are being driven by their critical roles in various vehicle systems. Automotive pumps, such as those for fuel, water, oil, power steering, air conditioning, brake vacuum, transmission, windshield washer, turbocharger, and EGR, are essential for functions including fuel delivery, cooling, lubrication, steering support, climate control, braking, transmission performance, visibility, engine efficiency, and emission management.
Key Trends and Developments
The automotive pump market is growing as demand increases across multiple industries, driven by trends such as vehicle electrification, the use of advanced materials for enhanced durability, the integration of smart technologies, and a strong focus on sustainability and emissions reduction.October 2024
Honda announced a recall of over 700,000 vehicles due to faulty high-pressure fuel pumps that may crack and leak fuel, increasing the risk of fire. This followed a prior recall for 1.7 million cars with steering issues. Affected models include the Accord, Civic, and CR-V Hybrids. Honda reported no injuries, and dealers will replace the pumps free of charge.April 2024
Bosch introduced its hydrogen-powered truck technology on Indian roads, marking a key moment in the country’s automotive sector. Despite economic challenges, Bosch achieved 91.6 billion euros in sales in 2023, with a focus on electromobility and hydrogen tech. The company aims to generate 5 billion euros from hydrogen by 2030, advancing climate-neutral transport solutions.May 2023
Aisin Seiki actively developed "multi-fuel pumps" designed to work with various alternative fuels such as hydrogen and natural gas. This innovation enabled vehicle manufacturers to provide a broader range of fuel options, helping diversify the automotive fuel market. As a result, their pumps could be used in vehicles powered by fuels other than conventional gasoline or diesel.August 2022
HELLA expanded its thermal management portfolio with a new electronic Valve Actuator and high-performance Media Pump, enhancing electric vehicle cooling systems. These components improve temperature control, efficiency, and battery lifespan. Series production will begin in 2025, with solutions available across North America, Europe, and China for electric vehicle applications.Electrification of Vehicles is Driving the Automotive Pump Market Growth
As the automotive sector embraces electric vehicles (EVs), the demand for pumps that support electric powertrains, battery cooling, and thermal systems is increasing. In July 2024, Cooper Standard unveiled the eCoFlow™ Switch Pump, a compact and efficient solution for thermal management in hybrid and electric vehicles. Developed with Saleri Group, this innovative pump combines a water pump and valve, enhancing energy efficiency, reducing complexity, and decreasing space requirements. It is designed to optimise vehicle performance, lower carbon footprints, and reduce battery capacity needs.Advanced Materials and Durability is Influencing the Automotive Pump Market Dynamics and Trend
To meet the growing demand for efficiency and durability, the automotive pump market is shifting towards advanced materials like composites and lightweight alloys. These materials help reduce weight and increase pump longevity in harsh automotive conditions. In August 2023, Nidec Power Train Systems launched a new electric oil pump for CVT systems, designed to operate in idling-stop mode and support mechanical pumps. This pump features a high-pressure vane design that improves fuel efficiency, reduces mechanical pump sizes, and contributes to greener vehicle designs.Integration with Smart Technologies is Shaping the Trend in the Automotive Pump Market
Automotive pumps are evolving with the incorporation of smart technologies, such as sensors and connectivity, to optimise performance and maintenance. These pumps can now track real-time data on fluid flow, temperature, and pressure, enabling predictive maintenance and enhancing vehicle efficiency. In May 2024, Rheinmetall secured a significant order for electric coolant pumps used in hybrid vehicles, valued in the low three-digit million-euro range. These smart pumps enable demand-based cooling, contributing to better emission control, with production continuing until 2030.Sustainability and Emissions Reduction is Impacting Automotive Pump Market Revenue
Sustainability and emissions reduction are top priorities in the automotive pump market, as manufacturers seek to enhance fuel efficiency, reduce energy consumption, and meet environmental regulations. In October 2024, Honda Cars India expanded its fuel pump replacement campaign, recalling 92,672 vehicles, including the Honda City, due to defective pumps that could cause engine failure. The initiative aims to prevent risks and ensure safety, with free replacements scheduled to begin in November 2024. This reflects the growing trend towards more sustainable automotive solutions.Global Automotive Pump Market Analysis
The global automotive pump industry growth is being driven by the increasing technological advancements in the automotive pump industry like gasoline direct injection. The industry is further driven by the rising electrification of vehicles and the implementation of environmental policies by various governments. The fuel injection pump segment is anticipated to grow at the fastest pace due to an increasing demand for fuel-efficient vehicles.Global Automotive Pump Industry Outlook
The total aftermarket sales in 2020 were USD 383.0 billion, with USD 292.1 billion from light-duty vehicles and USD 90.9 billion from medium and heavy-duty vehicles. By 2021, these figures rose to USD 419.2 billion in total sales, with light-duty vehicles contributing USD 324.8 billion and medium and heavy-duty vehicles USD 94.4 billion. This represents a 9.4% growth in total aftermarket sales from 2020 to 2021.Further, global electric vehicle (EV) penetration reached 5.8% in 2021. This growth accelerated to 7.7% in 2022, and by 2023, penetration significantly increased to 10.0%. The upward trend is anticipated to persist, with electric vehicle (EV) market share expected to grow to 12.5% in 2024 and 15.5% in 2025. This significant increase over the next five years is expected to drive the automotive pump industry revenue.
Moreover, North America produced around 14 million vehicles in 2021. In 2022, production increased to approximately 15 million vehicles. This positive trend continued, with vehicle production reaching 16 million in 2023 and 17 million in 2024. Projections for 2025 and 2026 suggest a resurgence, with production expected to hit up to 18 million vehicles annually.
Simultaneously, South Africa's domestic vehicle production in 2020 totalled 446,216 units. Passenger cars led with 237,214 units, while Light Commercial Vehicles (LCVs) accounted for 185,691 units. Medium Commercial Vehicles (MCVs) produced 6,874 units, Heavy Commercial Vehicles (HCVs) 4,208 units, and Extra Heavy Commercial Vehicles (XHCVs) 11,484 units. In 2021, total production increased to 449,087 units, with passenger cars slightly rising to 239,267 units and LCVs significantly improving to 232,166 units. HCV production increased to 5,151 units, and XHCV production grew to 14,175 units. The automotive sector saw a significant surge in 2022, with total production reaching 555,889 units. Passenger car production jumped to 309,423 units, MCVs increased to 8,478 units, HCVs rose notably to 6,270 units, and XHCVs continued to grow, reaching 15,501 units.
Pumps are crucial for various vehicle systems.
- Innovations in pump design enhance efficiency and performance.
- Increasing global demand for automobiles drives automotive pump market growth.
- Sensitive to overall automotive market conditions.
- Dependence on metal and plastic prices.
- Expanding market penetration in developing countries further driving the automotive pump market opportunities.
- Development of high-performance pumps for hybrid and electric vehicles.
- Pressure to develop environmentally friendly pumps.
- Challenges in procuring raw materials and components.
Key Players in the Global Automotive Pump Market and Their Key Initiatives
Aisin Corporation
- Announced strategic investments of 500 billion yen for BEV.
- Developed a new "Linkage-type Power Door System".
- Secured a contract to supply high-voltage coolant heaters for OEM EV platforms.
- Introduced new electrification products and strategic acquisitions to meet the growing demand of the automotive pump market.
DENSO Corporation
- Introduced a compact, highly efficient CO2 capture system.
- Partnered with United Semiconductor Japan Co., Ltd.
Johnson Electric Holdings Limited
- Introduced new electric water pumps for EV applications.
- Partnered with automotive OEMs to develop next-generation fuel pumps to capture the automotive pump market opportunities.
Global Automotive Pump Industry Segmentation
“Global Automotive Pump Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Type
- Fuel Pump
- Water Pump
- Windshield Washer Pump
- Steering Pump
- Transmission Oil Pump
- Fuel Injection Pump
- Vacuum Pump
- Headlight Washer Pump
Market Breakup by Vehicle Type
- Passenger Car (PC)
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Market Breakup by Technology
- Electric Pump
- Mechanical Pump
Market Breakup by Displacement
- Fixed Displacement
- Variable Displacement
Market Breakup by EV Type
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Vehicle (PHEV)
Market Breakup by Off-Highway Vehicle Type
- Construction Equipment
- Mining Equipment
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Automotive Pump Market Share
In the automotive pump market, fixed displacement pumps are appreciated for their simplicity, steady flow rate, and ease of maintenance, making them dependable and economical for applications that need consistent fluid delivery. Meanwhile, variable displacement pumps provide efficiency, adaptability, precise control, and fuel savings, addressing changing operational demands and enhancing overall system performance, which further drives the automotive pump market revenue.Leading Companies in the Automotive Pump Market
The automotive pump market key players specialise in producing components for the automotive, industrial, and consumer sectors, concentrating on high-efficiency solutions for powertrain, safety, and comfort systems. Their products are designed to boost fuel efficiency, reduce emissions, and improve performance across various automotive applications, with a focus on innovative and sustainable technologies. These advancements in automotive technology are well-recognised, alongside a strong commitment to supporting sustainability within the industry.Aisin Corporation
Headquartered in Kariya, Japan, Aisin Corporation was established in 1949. It is a leading global manufacturer of automotive components and systems, specialising in drivetrain, body, and chassis parts. The company is known for its innovations in automotive technology and its commitment to sustainability in the automotive industry.BorgWarner Inc.
Founded in 1928 and headquartered in Michigan, United States, BorgWarner Inc. is a global leader in providing advanced powertrain solutions. The company designs and manufactures products that improve fuel efficiency, emissions control, and performance for a wide range of automotive applications, focusing on innovative, sustainable technologies.
DENSO Corporation
Established in 1949 and headquartered in Kariya, Japan, DENSO Corporation is a major supplier of advanced automotive technology. It specialises in electric and hybrid vehicle components, climate control systems, and safety equipment. DENSO is committed to delivering innovative, energy-efficient solutions to enhance vehicle performance and sustainability.Johnson Electric Holdings Limited
Johnson Electric Holdings Limited, founded in 1959 and headquartered in Hong Kong, is a global leader in electric motors and motion-related products. The company designs and manufactures components used in automotive, industrial, and consumer applications, with a focus on high-efficiency solutions for powertrain, safety, and comfort systems.Other key players in the automotive pump market report are Robert Bosch GmbH, Rheinmetall AG, Continental AG, Delphi Technologies, The Sherwin-Williams Company, and Magna International Inc., among others.
Automotive Pump Market Report Snapshots
Automotive Pump Market Size
Automotive Pump Market Growth
Automotive Pump Market Analysis
Automotive Pump Market Share
Automotive Pump Companies
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Automotive Pump Market Analysis
6 North America Automotive Pump Market Analysis
7 Europe Automotive Pump Market Analysis
8 Asia-Pacific Automotive Pump Market Analysis
9 Latin America Automotive Pump Market Analysis
10 Middle East and Africa Automotive Pump Market Analysis
11 Market Dynamics
13 Trade Data Analysis (HS Code-84141)
14 Competitive Landscape
Companies Mentioned
The key companies featured in this Automotive Pump market report include:- Aisin Corporation
- BorgWarner Inc.
- DENSO Corporation
- Johnson Electric Holdings Limited
- Robert Bosch GmbH
- Rheinmetall AG
- Continental AG
- Delphi Technologies
- The Sherwin-Williams Company
- Magna International Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 179 |
| Published | August 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 19.9 Billion |
| Forecasted Market Value ( USD | $ 35.64 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
