The Automotive Pump Market, which includes car pumps such as fuel, water, steering, and HVAC pumps, is poised for substantial expansion. According to MarketsandMarkets, the global market is expected to reach USD 12.96 billion by 2035, driven by evolving vehicle technologies and regional demand shifts.
Market Dynamics: ICE + Emerging Electrification
- Engine & HVAC pumps lead the segment: With internal-combustion engine (ICE) vehicles still comprising around 82% of global registrations, demand for traditional mechanical engine and HVAC pumps remains strong.
- EV trend shifts pump demand: Over the next 5–6 years, the report forecasts a shift toward electric pumps supporting battery cooling and EV thermal management systems.
- Water pumps gain EV relevance: Particularly electric water pumps for battery management systems are growing in usage alongside EV adoption.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=242990293
Regional Outlook: North America on the Rise
North America is projected to see significant growth, led by strong vehicle sales (especially trucks and SUVs) and increasing production in the U.S., Canada, and Mexico. Automakers like Ford, GM, and Fiat Chrysler continue to fuel demand.
- Mexico manufactured 4 million vehicles in 2023.
- Canada produced around 1.6 million vehicles in 2023.
- Stricter emissions regulations are further accelerating the shift to electric pump technologies.
Key Insights
- Market scale: USD 12.96 B by 2035.
- Dominant types: Traditional ICE-related engine and HVAC pumps still dominate, but a clear pivot toward electric and water pumps for EVs is underway.
- Regional powerhouses: North America (robust ICE demand + regulatory tailwinds) and Asia/Others to follow suit.
- Technology pivot: The transition to electric pumps reflects broader automotive electrification trends and demands for thermal management systems.
What This Means for Stakeholders
- Automakers & OEMs should prepare for growing demand in electric cooling and water pumps, crucial for battery-powered vehicles.
- Suppliers specializing in mechanical pumps must diversify into EV-compatible, electrically-driven pump technologies.
- Regulators & policymakers influencing emissions and electrification would benefit from supporting innovation in EV pump technologies through incentives and standards.
✅ Conclusion
The Automotive Pump Market is at a strategic turning point. While fueling ongoing ICE vehicle needs, it’s accelerating toward electric pump solutions—especially for EV thermal management. Expected global growth to USD 12.96 B by 2035 underscores this dual trend: maintaining legacy pump demand while rapidly scaling new EV-centric technologies.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=242990293
