The global automotive electric fuel pump market size was valued at USD 14.42 billion in 2020 and is anticipated to register a considerable CAGR during the forecast period, 2021-2028. 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. 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.
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 |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
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. |
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.
In terms of products, the 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.
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.
In terms of regions, the global automotive electric fuel pump market 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.
The global automotive electric fuel pump market has been segmented on the basis of
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.
The global automotive electric fuel pump market has been segmented on the basis of
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.
Some other reports from this category!