Fuel Pump Market Report: Trends, Forecast and Competitive Analysis to 2030

Fuel Pump Trends and Forecast

The future of the global fuel pump market looks promising with opportunities in the passenger car, light commercial vehicle, heavy commercial vehicle, and off high-way vehicle markets. The global fuel pump market is expected to reach an estimated $9.3 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are the expanding automobile sector is expected to fuel the expansion of the fuel pump industry, the rising demand for fuel-efficient automobiles is expected to boost market expansion, and fuel pump technological advancements, such as the introduction of electric fuel pumps, are also projected to promote the growth of the fuel pump market.

A more than 150-page report is developed to help in your business decisions.

Fuel Pump by Segment

The study includes a forecast for the global fuel pump by technology, application, and region.

Fuel Pump Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Mechanical
• Electric

Fuel Pump Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Off High-Way Vehicles

Fuel Pump Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fuel Pump Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fuel pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fuel pump companies profiled in this report include-

• Carter Fuel Systems
• Aisin Seiki
• Bosch Automotive Service Solutions
• Continental
• Delphi Technologies
• Denso
• General Motors Company
• Hitachi Automotive Systems
• Johnson Electric Holdings
• Valeo

Fuel Pump Market Insights

Lucintel forecasts that electric is expected to witness highest growth over the forecast period due to rising pressure on automotive fuel economy, as well as, growing emphasis on electrification to decrease carbon footprint and fulfill emission rules.

APAC is expected to witness highest growth over the forecast period due to rising demand for large trucks and passenger automobiles in countries with economies like China and India.

Features of the Global Fuel Pump Market

Market Size Estimates: Fuel pump market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fuel pump market size by technology, application, and region in terms of value ($B).

Regional Analysis: Fuel pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the fuel pump market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fuel pump market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fuel pump market size?

Answer: The global fuel pump market is expected to reach an estimated $9.3 billion by 2030.

Q2. What is the growth forecast for fuel pump market?

Answer: The global fuel pump market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fuel pump market?

Answer: The major drivers for this market are the expanding automobile sector is expected to fuel the expansion of the fuel pump industry, the rising demand for fuel-efficient automobiles is expected to boost market expansion and fuel pump technological advancements, such as the introduction of electric fuel pumps, are also projected to promote the growth of the fuel pump market.

Q4. What are the major segments for fuel pump market?

Answer: The future of the global fuel pump market looks promising with opportunities in the passenger car, light commercial vehicle, heavy commercial vehicle, and off high-way vehicle markets.

Q5. Who are the key fuel pump market companies?

Answer: Some of the key fuel pump companies are as follows:

• Carter Fuel Systems
• Aisin Seiki
• Bosch Automotive Service Solutions
• Continental
• Delphi Technologies
• Denso
• General Motors Company
• Hitachi Automotive Systems
• Johnson Electric Holdings
• Valeo

Q6. Which fuel pump market segment will be the largest in future?

Answer: Lucintel forecasts that electric is expected to witness highest growth over the forecast period due to rising pressure on automotive fuel economy, as well as, growing emphasis on electrification to decrease carbon footprint and fulfill emission rules.

Q7. In fuel pump market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for large trucks and passenger automobiles in countries with economies like China and India.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fuel pump market by technology (mechanical and electric), application (passenger cars, light commercial vehicles, heavy commercial vehicles, and off high-way vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?