Automotive Fuel Pump Motors Market is valued at USD 13.18 Billion in 2018 and expected to reach USD 18.55 Billion by 2025 with the CAGR of 5.0% over the forecast period.
Automotive Fuel Pump Motors Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Factors such as increasing production of vehicles, rising demand for passenger vehicles and rising trend of engine downsizing are contributing in the growth of the market.
This detailed report on ‘Automotive Fuel Pump Motors Market’ put offers a succinct study on regional forecast, industry size, Revenue estimations related to the industry. The report further emphasizes primary challenges and growth trends adopted by leading manufacturers of the dynamic competitive spectrum of the ‘Automotive Fuel Pump Motors market’.
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An electrical or mechanical device fitted sidewise of a vehicle’s engine is known as fuel pump motor. It is responsible for pumping gas to the engine from the fuel tank. This fuel tank is usually located at a different position from the engine. Therefore, a fuel pump motor is required mostly in cars or other vehicles that have internal combustion engines in them to pump up the gas from the fuel tank over to the engine. Along with a carburetor the fuel pump motor, works in order to supply the fuel to the fuel tank. Engine requires a fuel pump motor for the easy working of the engine in a vehicle that contains an internal combustion. The latest non-gravity feed design engines requires it in order to simplify the easy flow of fuel from the fuel tank to the engine. It provides fuel to the carburetor at a very low pressure. The pump provides fuel to the engine at a high pressure only if the engine has a fuel injection system. A fuel pump motor can be of two types – mechanical and electric.
The automotive fuel pump motors market is segmented into type and applications. On the basis of type the market is segmented into AC and DC. On the basis of application the market is segmented into passenger vehicle, light commercial vehicle and heavy commercial vehicle.
The regions covered in this automotive fuel pump motors market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of automotive fuel pump motors is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Automotive Fuel Pump Motors Market Reports–
Delphi Technologies launches innovative redesigned fuel pump module and announces product line expansion.
On 5 November, 2019, Delphi Technologies Company has announced their new innovations in fuel pump module in its aftermarket fuel handling portfolio torepresent continued leadership in North America. The company has launched 300 new fuel handling part numbers by the end of 2019 which includes more than 70 first-to-market parts and is targeting an additional 400 new parts in 2020. All These expansions havehelpedto Delphi Technologies companyfor customers to stay on the leading edge of coverage in fuel handling parts no matter the vehicle that enters their garage.
Chad Smith, vice president, Aftermarket, North America, said that they are committed to finding complete solutions for supporting their customers businesses. This means taking care of their parts, testing, and training needs all in one program and this is particularly true for fuel handling.
Increasing Focus of Automakers toward Fuel-Efficient Vehicles is driving Automotive Fuel Pump Motors Market.
Automakers have brought togetherthe advanced technologies to meet the increasing demand for fuel efficiency and high operating capability of vehicles. These fuel injection pumps help for enhancing vehicle efficiency as it delivers fuel at an optimized pressure as per the requirement of the engine. This increases the demand for a reliable fuel injection pump. Hence increasing focus of automakers towards fuel-efficient vehicles is driving the automotive fuel motors market. Also increasing production of vehicles and rising demand for passenger vehicles are contributing in the growth of the market. For instance, According to Handbook of Research on Consumer Engagement and Buying Behavior, The number of automobiles in the world has increased from approximately 127 million in 1960 to over 1.1 billion in 2013. In addition rising trend of engine downsizing is also fueling the growth of the market. Moreover, rising investments in automotive electric fuel pump manufacturing companies across the world is expected to boost the market growth in the forecast period. However, increasing popularity and usage of electric vehicles is hampering the growth of the market.
Asia Pacific is dominating the Automotive Fuel Pump Motors Market.
Geographically, Asia Pacific region is dominating the automotive fuel pump motors market. this is due to the region have countries such as India and China which have been witnessing heavy demand and production for passenger vehicles and this is due to increasing application of electric fuel pumps in passenger vehicles in these countries. For instance, According to Seconded European Standardization Expert in India, India’s annual production stood at 29.08 million vehicles which include passenger vehicles, commercial vehicles, three wheelers, and two wheelers in 2018 as against 25.33 million in 2017, registering a healthy growth of 14.8% over the same period last year.
Also, North America region is at second position in dominance. This is due to the U.S. region is the second largest manufacturer of automobiles in the world. For instance, FCA US, Ford, and General Motors sold 7.7 million vehicles that mean U.S. production represented 77% of their 2017 U.S. sales. In addition thegrowth rate of automotive electric fuel pumps market in Latin America and Africa are contributing in the market growth.
Key Benefits for Global Automotive Fuel Pump Motors Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Automotive Fuel Pump Motors Market Segmentation –
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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