Market Overview:
The global electric fuel pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric fuel pump market can be attributed to the increasing demand for vehicles and rising awareness about vehicle safety. Additionally, factors such as the increasing penetration of electric vehicles and stringent emission norms are also contributing to the growth of this market. The gasoline fuel pump segment is expected to hold a major share of the global electric fuel pump market during the forecast period. This can be attributed to factors such as increased demand for passenger cars and SUVs across regions, coupled with an increase in average selling prices (ASPs) of these vehicles.
Product Definition:
An electric fuel pump is a device that circulates fuel from the tank to the engine. It is important because it helps to ensure that there is an adequate supply of fuel for the engine.
Gasoline Fuel Pump:
Gasoline (Petrol) fuel pump is used to inject the gasoline into the engine. The electric fuel pump market is expected to witness significant growth over the forecast period owing to its increasing demand in automotive applications.
Electric Fuel Pumps are gaining popularity due to their benefits such as less maintenance cost, no need of transmission gear, and high efficiency as compared with carburetor pumps.
Diesel Fuel Pump:
A diesel fuel pump is a mechanical device that injects the diesel into an internal combustion engine. It's basically used to feed the engine with liquid Diesel from where it can be distributed throughout the cylinders. The working principle of these pumps is based on pressure which is generated when a valve in closed position is operated by the motor and then this pressure feeds liquid into an open cylinder via intake stroke and exhaust valve.
Application Insights:
OEMs and aftermarket are two major application segments of the global electric fuel pump market. In 2017, OEM held a leading share of over 90% in terms of revenue as well as volume. The high share is attributable to the fact that most automobile manufacturers prefer to use gasoline or diesel fuel pumps integrated into their vehicles rather than installing an aftermarket one. Moreover, gasoline and diesel are likely to remain the primary fuels used by automobiles for a long period of time due to their superior energy density compared to other fuels such as CNG and LPG which have been increasingly adopted by automotive manufacturers for vehicle retrofit kits owing to cost-effectiveness along with improved performance characteristics when compared with older conventional internal combustion engines equipped with carburetors or fuel systems utilizing methanol/gasoline blends.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in automotive production, especially electric vehicles, which is driving the demand for electric fuel pumps. China and Japan are among the major countries contributing to regional growth owing to their large-scale production of automobiles as well as aftermarket services.
Europe was another significant contributor to global industry expansion due to stringent government regulations regarding carbon emission from internal combustion engines (ICEs). Europe's automotive sector has witnessed a considerable shift towards electrification with emphasis on battery-operated vehicles over past few years, which is likely to have a positive impact on industry development across this region during the forecast period.
North America accounted for more than 20% of total market share in terms of revenue in 2017 owing mainlyto high demand from U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 20% during the forecast period. This would lead to an increase in the demand for electric fuel pumps.
- Technological advancements: The development of new and innovative technologies is aiding the growth of the electric fuel pump market. For instance, miniaturization and integration are some of the latest trends in this market that are helping to reduce size and weight constraints, thus making these pumps more efficient and compact.
- Rising awareness about environment-friendly options: There is a growing awareness among consumers about environment-friendly options available in the automotive industry, which is benefiting the growth of the electric fuel pump market as well. Electric fuel pumps offer an eco-friendly alternative to traditional gasoline or diesel powered engines, thus contributing towards reducing greenhouse gas emissions from automobiles globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Fuel Pump Market Research Report
By Type
Gasoline Fuel Pump, Diesel Fuel Pump, Other
By Application
OEM, Aftermarket
By Companies
Airtex, Denso, Delphi, TI Automotive, General Motors, Carter, MS Motorservice, Joinhands, Continental, Valeo, Airtex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Electric Fuel Pump Market Report Segments:
The global Electric Fuel Pump market is segmented on the basis of:
Types
Gasoline Fuel Pump, Diesel Fuel Pump, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airtex
- Denso
- Delphi
- TI Automotive
- General Motors
- Carter
- MS Motorservice
- Joinhands
- Continental
- Valeo
- Airtex
Highlights of The Electric Fuel Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gasoline Fuel Pump
- Diesel Fuel Pump
- Other
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Fuel Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric fuel pump is a device that uses electricity to move fuel from an external tank or storage location to the engine.
Some of the major players in the electric fuel pump market are Airtex, Denso, Delphi, TI Automotive, General Motors, Carter, MS Motorservice, Joinhands, Continental, Valeo, Airtex.
The electric fuel pump market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Fuel Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Fuel Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Fuel Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Fuel Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Fuel Pump Market Size & Forecast, 2020-2028
4.5.1 Electric Fuel Pump Market Size and Y-o-Y Growth
4.5.2 Electric Fuel Pump Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gasoline Fuel Pump
5.2.2 Diesel Fuel Pump
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Fuel Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Fuel Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gasoline Fuel Pump
9.6.2 Diesel Fuel Pump
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gasoline Fuel Pump
10.6.2 Diesel Fuel Pump
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gasoline Fuel Pump
11.6.2 Diesel Fuel Pump
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gasoline Fuel Pump
12.6.2 Diesel Fuel Pump
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gasoline Fuel Pump
13.6.2 Diesel Fuel Pump
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Fuel Pump Market: Competitive Dashboard
14.2 Global Electric Fuel Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airtex
14.3.2 Denso
14.3.3 Delphi
14.3.4 TI Automotive
14.3.5 General Motors
14.3.6 Carter
14.3.7 MS Motorservice
14.3.8 Joinhands
14.3.9 Continental
14.3.10 Valeo
14.3.11 Airtex
