Automotive Electric Fuel Pumps Market Updates

Automotive Electric Fuel Pumps Market is projected to reach USD 18.80 Billion by 2030, growing at a CAGR of 4.45% from 2022 to 2030.

The automotive market is increasingly demanding higher fuel efficiency, reduced CO2 emissions and improved reliability.The use of electric fuel pumps and integrating or substituting mechanical ones can help in addressing these needs, thanks to reduced friction, hydraulic losses, and power on-demand (i.e. the pump is actuated only when it’s really needed).

Automotive Electric Fuel Pumps Market size was valued at USD 12.9 Billion in 2023 and is poised to grow from USD 13.64 Billion in 2024 to USD 22.45 Billion by 2032, growing at a CAGR of 5.70% during the forecast period (2025-2032).

The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our Automotive Electric Fuel Pumps market reports.  'Denso Corporation (Japan) ', 'Robert Bosch GmbH (Germany) ', 'Continental AG (Germany) ', 'Delphi Automotive PLC (USA) ', 'Airtex Products LP (USA) ', 'ACDelco (USA) ', 'Associated Fuel Pump Systems Corporation (USA) ', 'Daewha Fuel Pump Industries Ltd. (South Korea) ', 'Farstar Auto Parts Co. (China) ', 'Hitachi Automotive Systems Ltd. (Japan) ', 'Magna International Inc. (Canada) ', 'Carter Fuel Systems (USA) ', 'Mitsubishi Electric Corporation (Japan) ', 'Valeo S.A. (France) ', 'Hyundai Mobis Co. Ltd. (South Korea) ', 'Aisan Industry Co., Ltd. (Japan) ', 'Mahle GmbH (Germany) ', 'Keihin Corporation (Japan)'

The market for automotive electric fuel pumps is expected to grow at a high rate due to the trend toward smaller engines, rising vehicle production, and rising passenger vehicle demand. The automobile electric fuel pumps market is being restrained by the rise in fuel prices and the popularity and use of electric vehicles. 

Engine downsizing, which utilises advanced technologies like turbochargers, superchargers, and direct injection, is one of the most current trends in the automotive industry. OEMs are placing more and more emphasis on adopting compact engines that have power on par with or more than the current engines. Smaller engines contribute to a lighter overall vehicle, which increases the fuel efficiency of both gasoline and diesel engines.

In 2022, Asia Pacific led the automotive electric fuel pumps market in terms of value, holding a share of more than 59.0 %. Over the course of the forecast, it is anticipated to display the greatest CAGR.