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Global Automotive Electric Fuel Pumps Strategic Market Report 2023: A $20 Billion Market by 2030 - Advancements in Engine Technology to Fuel Automotive Electric Fuel Pumps Market
Global Market for Automotive Electric Fuel Pumps
Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Automotive Electric Fuel Pumps: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Electric Fuel Pumps Market to Reach $20 Billion by 2030
The global market for Automotive Electric Fuel Pumps estimated at US$12.9 Billion in the year 2022, is projected to reach a revised size of US$20 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030.
Turbine Style, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$13.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Roller Vane segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 7.5% CAGR
The Automotive Electric Fuel Pumps market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2030.
Looking Ahead to 2023
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 436 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $12.9 Billion |
Forecasted Market Value (USD) by 2030 | $20 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Fuel Pump: A Prelude
An Introduction to Automotive Electric Fuel Pumps
Types of Electric Fuel Pumps
Working of an Electric Fuel Pump
Failures in Fuel Pumps and Causes
Global Market Prospects & Outlook
Technological Innovations to Drive Growth
Recent Market Activity
Segmental Analysis
Regional Analysis
MARKET TRENDS & DRIVERS
Electric is the Future of Automotive Pumps
Advancements in Engine Technology to Fuel Automotive Electric Fuel Pumps Market
Select Popular Electric Fuel Pumps Brands
Automobile Production Dynamics Influences Demand Patterns of Automotive Electric Fuel Pumps Market
World Automobile Production in Million Units: 2008-2022
Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
An Inevitable Rebound in Market Prospects to Encourage Growth in Sales of Electric Fuel Pumps
Pandemic Impact on the Automotive Industry & What's the New Normal?
Car Production YoY % Growth in 2020 Across Major Regional Markets
Rising Average Vehicle Life Drive Demand for Aftermarket Electric Fuel Pumps
Increased Acceptance of Fuel-Efficient Vehicles Push Demand for Automotive Electric Fuel Pumps
Stringent Regulations Post Pandemic to Spur Growth
Transportation is the Biggest Contributor to GHG Emissions
Need for Reducing Automobile Weight, Improve Fuel Efficiency, and Comply with Evolving Tailpipe Emission Regulations Drive Light Weight Material in Electric Fuel Pumps
Post Pandemic, Massive Engineering Interest in Lightweighting Will Create Massive Interest in Innovative Lightweight Electric Fuel Pumps
Demographic Trends Create Fertile Environment for Long-Term Growth of Automobile Market
Expanding Global Population
Urban Sprawl
Growing Affluence of Middle Class Population
Large Base of Millennials
Rising Living Standards
Resolving Electrical Issues with Electrical Fuel Pumps
Fault Diagnostics for Three-Phase Brushless DC Fuel Pumps
FOCUS ON SELECT PLAYERS (Total 56 Featured)
Airtex-ASC
Aisan Industry Co. Ltd.
Continental AG
Daewha Fuel Pump Industries Ltd.
Denso Corporation
General Motors Company
Pricol Limited
Robert Bosch GmbH
Visteon Corporation
For more information about this report visit https://www.researchandmarkets.com/r/9sqtm2
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