The global automotive electric fuel pump market size was valued at USD 13.18 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of5.0% from 2019 to 2025. In terms of volume, the market is anticipated to reach 104.9 million units by 2025 at a CAGR of 3.1% from 2019 to 2025.
An electric fuel pump is used to inject gasoline from the tank to the vehicle engine and thus, is considered as one of the essential components in automobiles. Rapid production and demand for passenger vehicles across developing countries such as India, China, and Indonesia are anticipated to stimulate the growth of the market during the forecast period.
Automotive electric fuel pumps have, over the years, evolved from being simple mechanically functionality to electrically controlled. There has been a considerable increase in the usage of electrical injectors as compared to their mechanical counterparts, owing to increased fuel efficiency and implementing advanced technologies for better vehicular performance.
The market has also witnessed the replacement of carburetor-based engines by fuel injection engines, thus substituting mechanical pumps. Besides, electric fuel pumps have numerous benefits over mechanical fuel pumps, such as higher fuel efficiency, high durability, reliability, and body born noise reduction capabilities.
Burgeoning importance of electric pumps due to its ability to effectively push gasoline to the engine is estimated to stir up its demand over the coming years. A well-functioning pump is used to deliver the right quantity of oil, considering the operating conditions of the engine, maintaining optimal pressure between the carburetor and pump to minimize overheating and to prevent vapor lock. The factors as mentioned above are expected to escalate the demand for automotive electric fuel pumps over the forecast period.
The global market is further driven by a lower risk of explosion due to pumps being protected from gasoline vapor, less electrical load, enhanced pump life, and lowered risk of boiling. Furthermore, evolving technologies are likely to transform the landscape of the global automotive industry. Changing consumer preferences coupled with an increasing focus on eco-friendly products and growing safety concerns are poised to play a vital role in the evolution of automotive technologies.
Surging demand for reducing vehicle weight, combined with enhanced efficiency, is projected to provide a thrust to the market. Additionally, the growing production of counterfeit products along with high production costs is anticipated to hinder market growth over the forecast period.
In terms of value, the brushed DC segment represented approximately 60.0% of the automotive electric fuel pumps market in 2018, owing to its significant adoption in heavy commercial and passenger vehicles to prevent abnormal wear due to high spark discharges.
Brushless DC motor used in automotive electric fuel pumps has numerous benefits over its counterpart such as high torque to weight ratio, better product longevity and reliability, and higher electricity conducting efficiency. Thus, brushless DC motors are expected to witness the fastest growth rate over the forecast period.
In 2018, passenger cars contributed more than three fourth of the revenue to the market. This can be attributed to increased production and demand for passenger vehicles in developing countries such as India, China, and Brazil. Stringent government regulations regarding lower emission vehicles and norms such as EURO 6 will further supplement the growth of the segment.
Moreover, rapidly increasing demand for heavy commercial vehicles (HCVs) in developing countries, due to rising industrialization and expansion of the construction industry, is likely to stoke the growth of the HCV segment over the forecast period.
In 2018, the turbine-style segment accounted for over 67.0% of the overall revenue. It is estimated to register a CAGR of 5.1% during the forecast period. The growth of the segment can be attributed to its increasing adoption in most of the newly manufactured ICE vehicles, due to its enhanced operating capabilities at very high speeds of approx. 7000 rpm, as well as lesser current drawing capabilities, as compared to the older version of the pumps.
Moreover, additional benefits of turbine electric fuel pumps such as accurate pressure measurement to deliver high performance, low noise emission, and ease of installation have led to the dominance of the segment in the global market.
In terms of value, Asia Pacific was at the forefront of the market, with a share of over 57.0% in 2018. It is poised to exhibit the highest CAGR over the forecast period. Strong demand for passenger cars and heavy commercial vehicles among consumers and industrial applications across key developing countries, such as India, China, and Korea, is one of the primary growth stimulants for the regional market.
Moreover, key automobile manufacturers such as Toyota, Hyundai, Honda, and Suzuki, have established their manufacturing plants in APAC, leading to a reduction of overall vehicle prices and subsequently increasing passenger vehicle adoption across the region.
Key manufacturers are increasingly focused on huge investments and establishing partnerships to enhance their regional presence and increase their product portfolios. For instance, in 2018, Pricol Limited, an auto parts manufacturer, announced to invest approx. USD 2.7 million in collaboration with Wenzhou Huirun Electrical Machinery Co Ltd., a China-based company, to produce fuel pump products in India. Some of the prominent players in the automotive electric fuel pumps market include:
Denso Corporation
Delphi Automotive PLC
Continental AG
General Motors Company
Robert Bosch
Federal-Mogul Corporation
Visteon Corporation
Daewha Fuel Pump Ind., Ltd
ACDelco
Report Attribute |
Details |
The market size value in 2020 |
USD 14,440.3 million |
The revenue forecast in 2025 |
USD 18,436.5 million |
Growth Rate |
CAGR of 5.0% from 2019 to 2025 |
The base year for estimation |
2018 |
Historical data |
2014 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Volume in million units, revenue in USD million and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Technology, product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America (CSA); MEA |
Country scope |
U.S.; Germany; U.K.; China; India; Japan; Brazil |
Key companies profiled |
Denso Corporation; Delphi Automotive PLC; Continental AG; General Motors Company; Robert Bosch; Federal-Mogul Corporation; Visteon Corporation; Daewha Fuel Pump Ind., Ltd; ACDelco |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global automotive electric fuel pumps market report based on technology, product, application, and region:
Technology Outlook (Revenue, USD Million; Volume, Million Units, 2014 - 2025)
Turbine Style
Sliding Vane
Roller Vane
Product Outlook (Revenue, USD Million; Volume, Million Units, 2014 - 2025)
Brushed DC
Brushless DC
Application Outlook (Revenue, USD Million; Volume, Million Units, 2014 - 2025)
Passenger Cars
LCVs
HCVs
Regional Outlook (Revenue, USD Million; Volume, Million Units, 2014 - 2025)
North America
The U.S.
Europe
Germany
U.K.
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa (MEA)
b. The global automotive electric fuel pumps market size was estimated at USD 13,784.5 million in 2019 and is expected to reach USD 14,440.3 million in 2020.
b. The global automotive electric fuel pumps market is expected to grow at a compound annual growth rate of 5.0% from 2019 to 2025 to reach USD 18,436.5 million by 2025.
b. Asia Pacific dominated the automotive electric fuel pumps market with a share of 57.6% in 2019. This is attributable to strong demand for passenger cars and heavy commercial vehicles in the region.
b. Some key players operating in the automotive electric fuel pumps market include Denso Corporation, Delphi Automotive PLC, Continental AG, General Motors Company, Robert Bosch, Federal-Mogul Corporation, Visteon Corporation, Daewha Fuel Pump Ind., Ltd, and ACDelco.
b. Key factors that are driving the market growth include rising demand for passenger vehicles and superior benefits offered by electric variants in terms of fuel efficiency, durability, reliability, and noise reduction capabilities.
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