Global Floor Pump Market by Types (Manual, Electric, and Others), Applications (Bicycles, Automotive, Inflatables, and Others), and Regions (North America, Latin America, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Floor Pump Market Outlook
The global floor pump market was valued at USD 890.1 Million in 2019 and is projected to reach USD 1,151.5 Million by 2027, expanding at a CAGR of 3.9% during the forecast period. A floor pump is the basic type of pump which functions via hand operated piston. This piston helps draw air into the pump through a value during the up-stroke during the down-stroke, the piston displaces air from the pump into the tire. There are over 350 brands of pumps in India registered under Bureau of Energy Efficiency.
Submersible pump sets are among the leading pump categories followed by open well submersible pump sets and electric moonset pumps. Major users of industrial pumps include cement, steel and Oil & gas industries as well as public water supply. Small and medium sized pumps in ratings between 0.25-25 hp are used in agriculture and domestic housing. Pumps in rating of up to 500hp are used across industries and categories with 500 hp rating and above are used for municipal / irrigation projects and power plants.
Floor Pump Market Dynamics
Rising industrial activities in emerging economies is the key factor which will fuel the global floor pumps market. Pumps usage in bicycle, automation, and other domestic activities helps drive market growth. Advancements in automation technology owing to their rising demand in various end-use sectors boost the demand for floor pumps. However, fluctuation in the prices of raw material hinders the market. Increased awareness among people increases growth of the market in upcoming period.
Floor Pump Segmental Outlook
Based on types, the global floor pump market is categorized as manual, electric, and others. The manual segment is anticipated to expand at a CAGR of 3.1% during the forecast period, as the adoption of manual pumps is high by bicycle owners. The electric segment is estimated to hold 22.1% share of the market in 2019, as electric pumps have a warranty of a minimum of two years. These pumps are primarily used for automotive and inflatables, where high pressure is required and with minimum efforts.
On the basis of applications, the market is segregated into bicycle, automotive, inflatables, and others. The bicycle segment is projected to hold a major share of the market during the forecast period, as it is easy to swipe between settings with the foot, so that the high volume for the first few strokes is used and then switched to high pressure to get more accuracy.
Definitions
By Applications
Bicycle
Bicycle is a common application for floor pump, as the number of bicycle users is increasing by the day. Companies are developing innovative products to cater to the needs of the end-users, such as a dual charger that switches between high volume and high pressure using a large switch mounted on the edge of the gauge. It is easy to swipe between settings with the foot, so that the high volume for the first few strokes are used before switching to high pressure for accuracy. The key companies have come up with the concept of portable high-pressure mini floor pump or rechargeable mini floor pump, which can be used by cyclists while travelling long distances.
Automotive
Keeping the tires properly inflated improves the fuel economy and performance of the vehicle. If there is no air compressor to inflate the tires, the floor pump can be used to inflate them. The valve of a bicycle and car is similar; however, it takes a long time to inflate a car tire, as they have a PSI value around 35. Primarily, electric floor pumps are preferred for inflating the automotive tires.
Inflatables
Instead of air, hydrogen, helium, and nitrogen are also used to inflate certain objected, which are known as inflatables. Inflation happens through several strategies as pumps, ram-air, billowing, and suction. Floor pumps are used to inflate inflatables, especially electric floor pumps, as they exert high pressure and save time. The automated nature of electric floor pumps makes it easier for users to get the required pressure in the inflatables.
Others
The others segment includes the application of floor pumps for objects such as football, rugby ball, and soccer ball. These pumps help inflate things with suitable pressures, allowing them to maintain the desired shapes, size, and sturdiness.
Regional Outlook
In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a promising region for the market. The region constituted 22.8% share of the market in 2020. The market in the region is projected to expand at a CAGR of 2.3% during the forecast period, due to increasing disposable income and rising government initiatives.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global floor pump market
- Historical, current and projected market size in terms of value and volume
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global floor pump market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floor Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Floor Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floor Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Floor Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Floor Pump Market Size & Forecast, 2017-2027
4.5.1 Floor Pump Market Size and Y-o-Y Growth
4.5.2 Floor Pump Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Type, 2017-2027
4.7 Marketing Channel, Distributors and Customers
Chapter 5 Global Floor Pump Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Floor Pump Market Size & Volume Forecast By Type
5.2.1 Manual
5.2.2 Electric
5.2.3 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Floor Pump Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Floor Pump Market Size & Volume Forecast By Application
6.2.1 Bicycles
6.2.2 Automotive
6.2.3 Inflatables
6.2.4 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Floor Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Floor Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Floor Pump Analysis and Forecast
9.1 Introduction
9.2 North America Floor Pump Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Floor Pump Market Size & Volume Forecast By Type
9.6.1 Manual
9.6.2 Electric
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Floor Pump Market Size & Volume Forecast By Application
9.10.1 Bicycles
9.10.2 Automotive
9.10.3 Inflatables
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Floor Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Floor Pump Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Floor Pump Market Size & Volume Forecast By Type
10.6.1 Manual
10.6.2 Electric
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Floor Pump Market Size & Volume Forecast By Application
10.10.1 Bicycles
10.10.2 Automotive
10.10.3 Inflatables
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Floor Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Floor Pump Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Floor Pump Market Size & Volume Forecast By Type
11.6.1 Manual
11.6.2 Electric
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Floor Pump Market Size & Volume Forecast By Application
11.10.1 Bicycles
11.10.2 Automotive
11.10.3 Inflatables
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Floor Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Floor Pump Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Floor Pump Market Size & Volume Forecast By Type
12.6.1 Manual
12.6.2 Electric
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Floor Pump Market Size & Volume Forecast By Application
12.10.1 Bicycles
12.10.2 Automotive
12.10.3 Inflatables
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Floor Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Floor Pump Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Floor Pump Market Size & Volume Forecast By Type
13.6.1 Manual
13.6.2 Electric
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Floor Pump Market Size & Volume Forecast By Application
13.10.1 Bicycles
13.10.2 Automotive
13.10.3 Inflatables
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Floor Pump Market: Competitive Dashboard
14.2 Global Floor Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lezyne
14.3.2 Topeak
14.3.3 Blackburn
14.3.4 Bell
14.3.5 Schwinn
14.3.6 Intex
14.3.7 Giant
14.3.8 Giyo
14.3.9 Silca
14.3.10 Specialized
14.3.11 BioLogic
14.3.12 Campagnolo