Automotive Electric Fuel Pump Market

Automotive Electric Fuel Pump Market

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akash

Author:

Akash Vedpathak

Amulya

Fact-checked by:

Amulya Agarwal

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Editor:

Shreyas Tandon

Automotive Electric Fuel Pump Market Outlook 2031:

The global automotive electric fuel pump market size was valued at USD 16.10 Billion in 2022 and is projected to reach USD 25.41 Billion by 2031, expanding at a CAGR of 5.2% during the forecast period 2023 - 2031.  The growth of the market is attributed to rapid production and demand for passenger vehicles.

An automotive electric fuel pump is a device that uses electrical techniques to provide fuel in engine of the vehicle system. The electric fuel pump is a technology-based replacement to a conventional fuel pump system that is usually recognized as a better option in terms of motor vehicle function and operation.

Automotive Electric Fuel Pump Market Outlook

The COVID-19 pandemic outbreak has a negative impact on the market as it disrupted supply chain management across the globe, which affected the sales and figures related to automotive electric fuel pump.

Automotive Electric Fuel Pump Market Trends, Drivers, Restraints, and Opportunities

  • Increasing trend of engine downsizing for better fuel efficiency is one of the key factors driving the automotive electric fuel pump market growth.
  • Lowering the risk of explosion related to pumps with the help of advanced coating and protection is expected to boost the market growth in the coming years.
  • Increasing focus of automakers toward fuel-efficient vehicles is anticipated to fuel the automotive electric fuel pump market expansion during the projected timeline.
  • Growing production of counterfeit products along with high production costs is a key challenge, which is likely to hinder the automotive electric fuel pump market growth during the forecast period.
  • Changing consumer preferences along with growing safety concerns and an increasing focus on eco-friendly products is expected to create a significant growth opportunity for the market in the near future.

Scope of Automotive Electric Fuel Pump Market Report

The report on the global automotive electric fuel pump market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Electric Fuel Pump Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023 – 2031

Segmentation

Applications (HCVs, LCVs, and Passenger Cars), Products (Brushless DC and Brushed DC), and Technology (Sliding Vane, Turbine Style, and Roller Vane)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

General Motors Company; Continental AG; Daewha Fuel Pump Ind., Ltd; Delphi Automotive PLC; Robert Bosch; Federal-Mogul Corp.; Visteon Corp.; ACDelco Inc.; and Denso Corp.

Automotive Electric Fuel Pump Market Segment Insights

Passenger cars segment is expected to grow at a rapid pace

Based on applications, the global automotive electric fuel pump market is divided into HCVs, LCVs, and passenger cars. The passenger cars segment is expected to grow at a rapid pace during the forecast period attributed to increased demand and production for passenger vehicles.

However, the HCVs segment is anticipated to hold a key share of the market in the coming years due to rising industrialization and expansion of the construction industry.

Automotive Electric Fuel Pump Market Application

Rise in demand for brushed DC drive the segment

In terms of products, the global automotive electric fuel pump market is bifurcated into brushless DC and brushed DC. The brushed DC segment is projected to expand at a considerable CAGR during the projected timeline owing to rise in adoption in passenger vehicles and HCVs to prevent abnormal wear due to high spark discharges.

On the other hand, the brushless DC segment is anticipated to account for a major market share during the forecast period due to several benefits it offers, such as higher electricity conducting efficiency, better product longevity & reliability, and high torque to weight ratio.

Turbine style segment is anticipated to hold significant market growth

On the basis of technology, the global automotive electric fuel pump market is segmented into sliding vane, turbine style, and roller vane. The turbine style segment is anticipated to hold significant market share attributed to the increasing adoption in most of the newly manufactured internal combustion engine vehicles.

Additionally, benefits related to turbine electric fuel pumps, such as low noise emission, high performance, ease of installation, and pressure measurement and is expected to drive the market growth further.

Automotive Electric Fuel Pump Market Technology

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global automotive electric fuel pump market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to demand for HCVs and passenger cars among industrial and consumers applications across the region.

However, North America market is anticipated to expand at a rapid pace during the forecast period attributed to the U.S. for being the second largest manufacturer of automobiles globally.

Automotive Electric Fuel Pump Market Region

Segments

The global automotive electric fuel pump market has been segmented on the basis of

Applications

  • HCVs
  • LCVs
  • Passenger Cars

Products

  • Brushless DC
  • Brushed DC

Technology

  • Sliding Vane
  • Turbine Style
  • Roller Vane

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global automotive electric fuel pump market are General Motors Company; Continental AG; Daewha Fuel Pump Ind., Ltd; Delphi Automotive PLC; Robert Bosch; Federal-Mogul Corp.; Visteon Corp.; ACDelco Inc.; and Denso Corp.

Some of these players are actively engaged in various market development strategies such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share.

Automotive Electric Fuel Pump Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Electric Fuel Pump Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Electric Fuel Pump Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Electric Fuel Pump Market - Supply Chain
  4.5. Global Automotive Electric Fuel Pump Market Forecast
     4.5.1. Automotive Electric Fuel Pump Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Electric Fuel Pump Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Electric Fuel Pump Market Absolute $ Opportunity
5. Global Automotive Electric Fuel Pump Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Automotive Electric Fuel Pump Market Size and Volume Forecast by Applications
     5.3.1. HCVs LCVs Passenger Cars
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Electric Fuel Pump Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Electric Fuel Pump Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Electric Fuel Pump Demand Share Forecast, 2019-2026
7. North America Automotive Electric Fuel Pump Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Electric Fuel Pump Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Electric Fuel Pump Market Size and Volume Forecast by Applications
     7.4.1. HCVs LCVs Passenger Cars
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Electric Fuel Pump Demand Share Forecast, 2019-2026
8. Latin America Automotive Electric Fuel Pump Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Electric Fuel Pump Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Electric Fuel Pump Market Size and Volume Forecast by Applications
     8.4.1. HCVs LCVs Passenger Cars
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Electric Fuel Pump Demand Share Forecast, 2019-2026
9. Europe Automotive Electric Fuel Pump Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Electric Fuel Pump Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Electric Fuel Pump Market Size and Volume Forecast by Applications
     9.4.1. HCVs LCVs Passenger Cars
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Electric Fuel Pump Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Electric Fuel Pump Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Electric Fuel Pump Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Electric Fuel Pump Market Size and Volume Forecast by Applications
     10.4.1. HCVs LCVs Passenger Cars
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Electric Fuel Pump Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Electric Fuel Pump Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Electric Fuel Pump Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Electric Fuel Pump Market Size and Volume Forecast by Applications
     11.4.1. HCVs LCVs Passenger Cars
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Electric Fuel Pump Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Electric Fuel Pump Market: Market Share Analysis
  12.2. Automotive Electric Fuel Pump Distributors and Customers
  12.3. Automotive Electric Fuel Pump Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. General Motors Company Continental AG Daewha Fuel Pump Ind., Ltd Delphi Automotive PLC Robert Bosch Federal-Mogul Corp.  

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