Automotive Pump Market: Efficiency & Electrification Driving Growth by 2035
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:...
Automotive Pump Market Size Projected to reach $12.96 billion in 2035
The Automotive Pump Market Size is projected to reach $12.96 billion by 2035, reflecting substantial growth driven by advancements in vehicle electrification and increased demand for fuel-efficient and emission-reducing technologies. As automotive manufacturers focus on developing electric and hybrid vehicles, the need for efficient pump systems in electric vehicle drivetrains, battery cooling systems,...