Dublin, Jan. 02, 2024 (GLOBE NEWSWIRE) — The “Global Automotive Electric Fuel Pumps Market Size, Share & Trends Analysis Report by Product (Brushed DC, Brushless DC), Technology (Turbine Style, Sliding Vane, Roller Vane) by Application, Region, and Segment Forecasts, 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
The global automotive electric fuel pumps market size is estimated to reach a value of USD 29.10 billion by 2030, progressing at a CAGR of 6.1% from 2023 to 2030
An automotive electric fuel pump is used to pump fuel from tanks to injectors, which further sprays fuel into engine with high pressure. Surging demand for high fuel-efficient pumps to reduce the overall fuel consumption in vehicles along with rise in global vehicle production and sales is anticipated to propel the market over the forecast period.
An electric fuel pump is widely used in vehicles, owing to its numerous benefits such as high product reliability, power output, and fuel efficiency as compared to mechanical fuel pumps. The adoption of automotive electric fuel pumps among original equipment manufacturers (OEMs) in modern vehicles has increased significantly as the product ensures accurate injection pressure and flow of fuel to engine. Moreover, stringent government regulations to produce fuel-efficient and low carbon emission vehicles are expected to create remarkable growth opportunities for the market during the forecast period.
Prominent market players such as Robert Bosch GmbH, Denso Corporation, Delphi Automotive, and Continental AG are increasingly focusing on partnership agreements with automobile manufacturers to supply electric fuel pumps to enhance their overall market presence and profitability.
Besides, a few key market players are expanding their production facilities in developing countries to avail the product at affordable costs to OEMs and aftermarket consumers. For instance, in 2013, Continental AG started its new production plants for fuel pumps in India to supply the products to its key clients such as Volkswagen Group.
Despite numerous product benefits, increasing production of counterfeit products, coupled with rapidly growing adoption of electric vehicles, is likely to hinder the growth of the automotive electric fuel pumps market over the forecast period.
Automotive Electric Fuel Pumps Market Report Highlights
- The global market of automotive electric fuel pumps is sub-segmented into brushed DC and brushless DC. The brushed DC segment accounted for the largest revenue share of 63.8% in 2022, owing to its significant adoption in heavy commercial and passenger vehicles to prevent abnormal wear due to high spark discharges.
- The turbine style segment dominated the market with a revenue share of 67.8% in 2022 and is also expected to grow at the fastest CAGR of 6.3% during the forecast period.
- Based on application, the market is segmented into cars, LCVs, and HCVs. LCVs segment accounted for the largest revenue share of 63.3% in 2022 and is expected to grow at the fastest CAGR of 6.3% during the forecast period.
- The Asia Pacific automotive electric fuel pumps market is estimated to experience the highest growth in terms of value during the forecast period. Rising demand for passenger vehicles in developing countries such as India, China, and Korea is escalating the growth of the segment
Company Profiles
- DENSO CORPORATION
- Aptiv
- Continental AG
- General Motors
- Pricol Limited
- Robert Bosch GmbH
- Visteon Corporation
- Tenneco Inc.
- Daewha
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 101 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $18.17 Billion |
| Forecasted Market Value (USD) by 2030 | $29.1 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Automotive Electric Fuel Pumps Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Automotive Electric Fuel Pumps Market Analysis Tools
3.4.1. Industry analysis – Porter’s
3.4.2. PESTEL analysis
Chapter 4. Automotive Electric Fuel Pumps Market: Product Estimates & Trend Analysis
4.1. Automotive Electric Fuel Pumps Market: Key Takeaways
4.2. Automotive Electric Fuel Pumps Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Brushed DC
4.4. Brushless DC
Chapter 5. Automotive Electric Fuel Pumps Market: Technology Estimates & Trend Analysis
5.1. Automotive Electric Fuel Pumps Market: Key Takeaways
5.2. Automotive Electric Fuel Pumps Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Turbine Style
5.4. Sliding Vane
5.5. Roller Vane
Chapter 6. Automotive Electric Fuel Pumps Market: Application Estimates & Trend Analysis
6.1. Automotive Electric Fuel Pumps Market: Key Takeaways
6.2. Automotive Electric Fuel Pumps Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Cars
6.4. LCVs
6.5. HCVs
Chapter 7. Automotive Electric Fuel Pumps Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Automotive Electric Fuel Pumps Market by Region: Key Takeaway
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
For more information about this report visit https://www.researchandmarkets.com/r/9ei1v7
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- Global Automotive Electric Fuel Pumps Market
