Automotive Electric Fuel Pumps Market Analysis Report By Application (Cars, HCVs, LCVs), By Technology (Turbine Style, Sliding Vane), By Product (Brushed, Brushless), and Segment Forecasts, 2019 - 2025

Industry Insights

The global automotive electric fuel pumps market size was valued at USD 13.18 billion in 2018. It is projected to expand at a CAGR of 5.0% 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 tank to 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 is 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 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 engine is estimated to stir up its demand over the coming years. A well-functioning pump is used for the purpose of delivering right quantity of oil, considering the operating conditions of the engine, maintaining optimal pressure between 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 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 preference 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, growing production of counterfeit products along with high production cost is anticipated to hinder market growth over the forecast period.

Product Insights

In terms of value, the brushed DC segment represented approximately 60.0% of the automotive electric fuel pumps market in terms of value in 2018, owing to its significant adoption in heavy commercial and passenger vehicles to prevent abnormal wears due to high spark discharges.

Brushless DC motor used in automotive electric fuel pumps have 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.

Application Insights

In 2018, passenger cars contributed more than three fourth of the revenue to the market. This can be attributed to increasing 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.

Technology Insights

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 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.

Regional Insights

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 reduction of overall vehicle prices and subsequently increasing passenger vehicle adoption across the region.

Automotive Electric Fuel Pumps Market Share Insights

Notable companies in the market include Denso Corporation, Delphi Automotive PLC, Continental AG, General Motors Company, Pricol Limited, and Robert Bosch. Other prominent vendors include Visteon Corporation, Federal-Mogul Corporation, Daewha Fuel Pump Ind., Ltd., and ACDelco.

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 pumps products in India.

Report Scope

Segments Covered in the Report

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 the purpose of 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

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)