Innovations in the automotive pumping technology such as gasoline direct injection are likely to hold the potential for maximizing effect of automotive pumps in enhancing the performance of automobiles. An innovation as such would be highly advantageous for improving performance of the vehicles, however, development of all-purpose automotive pumps is predicted to impede the overall growth of automotive pumps market. This development will result in eliminating the demand function-specific automotive pumps. Automobile manufacturers are planning to influence the OEMs in developing single automotive pumps, which would be highly beneficial for performing diverse automotive pumping operations.

The report by Future Market Insights foresees that automotive pumps market is anticipated to register a sluggish 3.8% CAGR over the forecast period, 2015-2025. Vehicle prices have been witnessed to rise with the adoption of high-cost automotive pumps. OEMs are focusing on the battery-driven automobiles that requires comparatively less pumps than conventional vehicles. These factors have been posing as restraints for the growth of overall automotive pumps market over the assessment period.

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Well-organized supply of fuel from fuel tanks to engines is important for the very functioning of automobile. Therefore, fuel supply pumps hold the maximum revenue share in the automotive pumps market on a global basis and turns out to be an essential automotive technology as well. Complete transition from carburetor-based engine to the fuel injection engines are expected to make electric fuel pumps significantly popular in the forthcoming years. Electric automotive pumps have been driven by recovery in the automotive production as well as sparkling innovation with regards to control electronics and fuel pumps design.

ITA (The International Trade Administration), U.S. Department of Commerce had lately revealed that light vehicle production in the U.S. has reached to approximately 12million passenger vehicles. The passenger car segment in terms of vehicle type is expected to take the lead in the automotive pumps market over the assessment period, mainly owing to increasing disposable income in the developing regions such as India and China.

OEMs are taking immense efforts in promoting the usage of plastic bumpers over the metal bumpers for the purpose of improving fuel efficiency of the vehicle. This move by OEMs are congenial to the passenger cars that are witnessing increasing demand for fuel-efficient and lightweight vehicles from the existing as well as emerging customer-base.

Commercial vehicles are likely to witness gradually increasing demand followed by the plan of manufacturers to replace fragile plastic bumper with their metal and sturdy counterparts. Furthermore, the report indicates a notable rise in demand for automotive plastic bumpers throughout the aftermarket channels. In the forthcoming years, increasing cases of car customization will prove as a driving force for revenue growth of the automotive plastic bumpers across aftermarket channels.

APAC is expected to dominate the automotive pumps market over the assessment period owing to stringent emission norms, exponentially increasing vehicle demand and supply as well as demand for fuel-efficient vehicles. A leading company, namely, Aisin Seiki Co. Ltd. has been expanding its business world-wide for reducing its reliance on the Japanese market. This leading company has been increasing its focus on developing products, which are fuel-efficient. The company has a strong hold across Chinese and South Korean automotive markets, as they have been supplying to the local companies in these markets. Furthermore, Aisin Seiki Co. Ltd. has been finding immense expansion opportunities in India, South America and Europe. Such development and expansion efforts of the market players will continue to retain APAC predominance in the automotive pumps market.

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Key players and manufacturers will continue to increase incorporation of the innovative automation systems such as gasoline turbocharged and automatic transmission direct injection into vehicles for eliminating automobile emissions worldwide. For the successful usage of these technologies, demand for automotive pumps increases at a rapid pace, which helps in ensuring effective operations.

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