Automotive pumps are essential component in an automobile or any other internal combustion engine device to transfer fluid and to enhance fuel efficiency as well as vehicle performance. Generally automotive pumps are used in a variety of vehicle parts including steering, transmission, coolant, fuel and lubrication.
As of 20221, the global Automotive Pumps Market was valued at U.S. $ 14,456.0 Million
Prominent Players in the Automotive Pumps Industry:
1) JTEKT Corporation
JTEKT Corporation is a Japanese corporation that supplies products like Steering Systems, Driveline Components, Machine tools, Home accessories and Ball & Roller Bearings. The company was founded in the year 2006, and the headquarters are located in Osaka, Japan.
In January 2023, a paper by JTEKY employee was published in a journal of Nature Portfolio Automated driving, Joint research with the Swiss Federal Institute of Technology.
2) TRW Automotive Holdings Corp.
TRW Automotive Holdings was an American global supplier of automotive systems, modules, and components to automotive original equipment manufacturers and related aftermarkets. The company was founded in the year 2002, and was acquired later.
3) Robert Bosch GmbH
Robert Bosch GmbH commonly known as Bosch and stylized as BOSCH is a German multinational engineering and technology company that manufactures products like Automotive sports, power tools, security systems etc. The company was founded in the year 1886, by Robert Bosch and the headquarters are located in Gerlingen, Germany.
In April 2022, Bosch acquired Five.ai, an autonomous driving startup.
4) Denso Corporation
Denso Corporation is a global automotive components manufacturer. The company develops and manufactures various auto parts, including gasoline and diesel engine components, hybrid vehicle components, climate control systems etc. The company was founded in 1949, and the headquarters are located in Kariya, Aichi, Japan.
In 2022, Denso was listed at the rank 278 on the Fortune Global 500 list. As of February 2022, the company has decided to acquire stake in planned TSMC chip plant.
5) Magna International Inc.
Magna International is a Canadian parts manufacturer for automakers. It is one of the largest companies in company. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts. The company was founded in the year 1957, by Frank Stronach and the headquarters are located Aurora, Ontario, Canada.
In December 2022, Magna announced the acquisition of Veoneer Active Safety business from SSW partners for U.S. $ 1.52 Billion.
6) Johnson Electric Holdings Limited.
Johnson Electric is an automotive industry that is a provider of motors, actuators, motion subsystems and related electro-mechanical components for automotive industrial and medical applications. The company was founded in the year 1959, and the headquarters are located in Shatin, Hong Kong.
In October 2022, Johnson Electric completed the acquisition of Pendix, an eBike drive system company.
7) Pricol Lmited
Pricol Ltd. is one of India’s leading automotive technology and precision—engineered solutions companies. Products manufactured include Driver information solution, Battery Management System, Fluid Management system etc. The company was founded in the year 1975, and the headquarters are located in Coimbatore, Tamil Nadu, India. The company was founded by Mr. Vijay Mohan.
