Global Automotive Pumps Market Synopsis:
The major driving factors for the global automotive pumps market are rising vehicle production, growing vehicle electrification, increasing execution of environmental regulations and manufacturers increasing integration of advanced automation techniques such as automatic transmission and gasoline turbocharged direct injection into vehicles to restrict automobile emissions worldwide.
Manufacturers are designing fixed displacement oil pumps to allow maximum oil to be circulated through the engines for absorbing the heat generated, lubricating the moving parts, and reducing the wear and tear. The excess oil is redirected to the oil reservoir, for which the automotive oil pump utilizes a considerable amount of engine power, which affects the working of the engine. The increasing demand for passenger cars and heavy trucks, especially in the developing countries will drive the global automotive pump market during the forecast period.
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However, the growth of the automotive pumps market is expected to be restrained by the stringent norms by government agencies for use of traditional internal combustion engines which generate high toxic emissions. The rise in demand for electric vehicles will consequently affect the automotive pump market.
Key Players Profiled: Aisin Seiki Co. Ltd., Delphi Automotive, Denso Corporation, Robert Bosch Gmbh, Johnson Electric, KSPG AG-A- Rheinmetall, Mikuni Corporation, Magna International, TRW Automotive and SHW AG.
Automotive Pumps Market Competitive Analysis:
The automotive pumps market is very fragmented in nature. Therefore, the key players are focusing on business expansion in emerging markets through mergers and acquisitions. Establishment of new manufacturing facilities and reinforcement of existing ones is a major strategy adopted by the leading players in the market. The well-established vendors that are currently growing their customer base and increasing their investments in R&D. Due to the advancement in technology and stringent government regulations, the competitive environment in the market will further intensify.
Industry/ Innovation/ Related News:
July, 2017 – Aisin Seiki Co., Ltd. and the Aisin Group are announced that a lineup of products have been installed in the New Camry, released by Toyota Motor Corporation. 2-Motor FWD Hybrid Transmission, jointly developed with Toyota, has had its layout drastically changed to achieve compact size and fuel efficiency.
March, 2015 – Coimbatore-based automotive components manufacturer Pricol Ltd has sold its entire 49 per cent stake in DENSO Pricol India Pvt Ltd to JV partner Japan’s Denso Corporation, for Rs 20 crore ($3.18 million). Pricol manufactures and markets automotive components like dashboard instrument, speedometer cables, oil pumps, disc brakes, sensors, oil pumps, industrial gauges, vehicle security systems.
March, 2015- Auto-industry supplier KSPG AG, a member of the Rheinmetall Group, expects added sales and another improvement in operating result for the present fiscal year. With sales up 13 percent, the Mechatronics division was the prime growth driver at KSPG, with products such as electric pumps and exhaust-gas recirculation systems needed in order to arrive at the regulatory emission restrictions.
June 2006- Bosch announced the launch of its first manufacturing facility in the country for common rail high pressure pumps at Bangalore, thereby further expanding its presence in India. The new production line in Bangalore has an initial installed capacity of upto 1,000 common rail high pressure pumps per day.
Automotive Pumps Market Segmentation:
The Automotive Pumps Market can be segmented in to three key dynamics for the convenience of the report and enhanced understanding;
Segmentation by product – Fuel Pump, Oil Pump, Steering Pump, Water Pump, Fuel Injection Pump and other
Segmentation by Technology – Mechanical, electrical
Segmentation by Vehicle type – Passenger car, LCV, HUV, two wheeler
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Automotive Pumps Market Regional Analysis:
In Asia Pacific region, steady automotive sales and increasing emphasis on curbing vehicular emissions will continue to boost demand of the automotive pumps market. Strict emission regulations, combined with rising demand for fuel-efficient automobiles and growing focus on original equipment manufacturers expanding the market contribute towards the market growth in Asia Pacific region. However, rising adoption of electric motors and long replacement cycles can pose challenges to growth of the market. The automotive sector in regions such as the North America and Europe is shifting towards electric vehicles due to the growing environmental concerns, increasing fuel prices, and high maintenance and purchasing costs of internal combustion engine vehicles.
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