Automotive Fuel Transfer Pumps Market to Generate $3,041 Million Revenue by 2030

The automotive fuel transfer pumps market size is expected to advance at a CAGR of 5.8% during 2021–2030, to reach $3,041 million by 2030.

The increasing automotive sales, surging implementation of environmental regulations, and growing adoption of advanced automotive technologies, such as automatic transmission and gasoline direct injection, are expected to contribute to the sale of such components. Essentially, the global automotive fuel transfer pumps market is growing due to the increasing demand for automobiles from the emerging economies in APAC, LATAM, and the MEA.

The global auto sector is witnessing an increasing adoption of electric pumps, smart automobiles, and the gasoline direct injection technology over gasoline port fuel injection. In this regard, the stringent vehicular emission regulations and increasing consumer demand for a higher engine performance are creating an opportunity for automotive fuel transfer pump manufacturers. The stringent regulatory framework is impelling manufacturers to combine advanced fuel injection systems, such as gasoline turbochargers, with these components for enhanced performance.

During the projection period, the increasing passenger car sales will fuel this vehicle type category's growth. Already, passenger cars held the biggest share in the market for automotive fuel transfer pumps in 2021. Moreover, the light commercial vehicle category is expected to grow gradually, on account of the booming logistics and last-mile delivery demand around the world.

Additionally, the market for fuel transfer pumps is seeing expansion due to the population boom, which is fueling construction activities. Additionally, the rising preference for fuel-efficient automobiles is driving the sale of such components.

Increasing Urbanization Rate Boosting Demand for Smart Automobiles

The increasing urbanization rate, coupled with the changing lifestyles, is positively impacting the growth of the automobile industry and bringing about technological advancements in this space. Automobile manufacturers are focusing on smart features that meet the latest quality, safety, performance, and emission standards. Additionally, owing to the rising knowledge of the biggest technological trends in the auto sector, people are showing a strong inclination for automobiles equipped with superior features that are not too expensive at the same time.

Widening Use of Pumps Gives New Opportunities to Market

A fuel transfer pump is used to transport various liquids, such as diesel, gasoline, kerosene, AdBlue, water, and oil, to various components within trucks and other vehicles. Apart from on-road vehicles, these components are integrated into airplanes, farm machinery, construction equipment, and other engine-driven machines. In automobiles, the pump is mostly controlled by the throttle, accordingly increasing or decreasing the volume of the fuel flowing from the tank into the combustion chamber of the engine via the injector or carburetor.

Moreover, the integration of monitoring systems, control solutions, and other auxiliaries into automotive fuel transfer pumps is enhancing the brand visibility, thereby offering lucrative opportunities to automotive fuel transfer pump manufacturers.

The most-significant market players are Robert Bosch GmbH, Denso Corporation, Continental AG, Johnson Electric, SHW AG, Magna International Inc., Mikuni Corporation, JTEKT Corporation, Rheinmetall AG, and ZF Friedrichshafen AG.