Light Commercial Vehicles Pumps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Pump Type (Transmission Pump, Fuel pump, Oil Pump, steering Pump, Water Pump, Vacuum Pump), By Technology Type (Mechanical, Electrical), By Sales Channel (OEM, Aftermarket), By Region, By Competition 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 4 billion

CAGR (2023-2028)

6.14%

Fastest Growing Segment

Electric Pump

Largest Market

Asia-Pacific


Market Overview

Global Light Commercial Vehicles Intercooler Market has valued at USD 4 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.14% through 2028. The Global Light Commercial Vehicles (LCVs) Pump Market is a dynamic and vital sector within the automotive industry, marked by significant trends and drivers. The market is experiencing a notable shift towards electrification, with the increasing adoption of electric LCVs driving the demand for electric pumps, such as coolant and power steering pumps. Stringent emissions regulations and the pursuit of enhanced fuel efficiency are compelling automakers to employ advanced pump technologies that optimize engine performance and reduce emissions. Furthermore, the ongoing advancements in engine technology, including downsizing and turbocharging, necessitate high-performance pumps capable of managing increased thermal loads and pressures. The integration of advanced driver assistance systems (ADAS) in LCVs is boosting the demand for pumps, particularly in brake booster systems and electric power steering, as these systems enhance vehicle safety and performance. Additionally, lightweight materials and design optimization are becoming prevalent trends, focusing on reducing pump weight to improve vehicle efficiency. Lastly, the industry's commitment to durability and reliability ensures that pump manufacturers continuously innovate to provide robust and dependable pump systems for LCVs, catering to the diverse needs of businesses and fleet operators.

Key Market Drivers

Growing Demand for Light Commercial Vehicles (LCVs)

One of the fundamental drivers propelling the Global LCVs Pump Market is the growing demand for light commercial vehicles (LCVs) worldwide. LCVs are versatile vehicles used across various industries for transporting goods, services, and passengers. This demand is driven by several factors, including the expansion of e-commerce, urbanization, and increasing economic activities, especially in emerging markets. As businesses and logistics companies seek to improve efficiency and meet customer demands, the need for a reliable and efficient LCV fleet becomes crucial. LCVs are essential for last-mile delivery, transportation of goods to small and medium-sized enterprises, and various service-oriented businesses. This growing demand for LCVs directly translates to an increased need for high-quality pump systems, which are integral to the proper functioning of these vehicles. Pumps in LCVs serve essential functions such as engine cooling, power steering, lubrication, and fuel delivery. As the LCV market continues to expand, the demand for dependable and efficient pump systems, including water pumps, fuel pumps, and power steering pumps, is on the rise. This sustained demand is a significant driver in the LCVs Pump Market.

Stringent Emissions Regulations and Fuel Efficiency Targets

Stringent emissions regulations and the pursuit of improved fuel efficiency represent another significant driver in the Global LCVs Pump Market. Governments worldwide have enacted increasingly strict emissions standards to combat climate change and reduce air pollution. These regulations impose limits on carbon emissions, nitrogen oxides (NOx), and particulate matter (PM) from vehicles, driving automakers to adopt technologies that enhance fuel efficiency and reduce emissions. Pumps in LCVs play a pivotal role in achieving these emissions reduction goals by optimizing engine efficiency and cooling systems. For example, electric water pumps enable precise control of engine temperature, reducing warm-up times and optimizing combustion efficiency. This leads to lower emissions and improved fuel economy, aligning with regulatory requirements. Additionally, to enhance fuel efficiency, automakers have been pursuing engine downsizing and turbocharging strategies. Smaller engines with turbochargers place greater demands on pumps to manage increased thermal loads and pressures effectively. This necessitates the development of high-performance pumps that can withstand elevated temperatures and pressures while maintaining reliability. Moreover, the LCV industry is exploring various hybridization and electrification options to reduce reliance on internal combustion engines. These transitions require the integration of electric pumps and the development of advanced thermal management systems to ensure the efficiency and longevity of electric powertrains. Meeting stringent emissions standards while improving fuel efficiency is a driving force behind the innovation and growth of the LCVs Pump Market.

Advancements in Engine Technology and Downsizing Trends

Continual advancements in engine technology and the trend toward engine downsizing represent a crucial driver influencing the Global LCVs Pump Market. Automakers are increasingly focused on developing smaller, more fuel-efficient engines without sacrificing performance. This shift has led to the integration of advanced technologies such as direct injection, variable valve timing, and turbocharging, which demand precise fluid management and enhanced thermal control. Pumps, including water pumps and oil pumps, play a pivotal role in maintaining optimal operating conditions for downsized engines. Electric water pumps, for example, can adjust coolant flow rates based on engine load and temperature, ensuring the engine operates within its optimal temperature range. This contributes to improved engine efficiency and reduced fuel consumption. Furthermore, electric oil pumps are becoming more common in modern engines, particularly in start-stop systems and hybrid powertrains. These pumps provide lubrication to critical engine components even when the engine is temporarily off, enhancing overall efficiency and durability. In addition to downsizing, the trend towards downsized engines requires efficient thermal management to maintain thermal stability and prevent overheating. Electric coolant pumps are employed to regulate engine temperature, preventing overheating and ensuring consistent performance. As advancements in engine technology continue, the demand for innovative pump solutions that support engine downsizing and enhanced efficiency is driving growth in the LCVs Pump Market.

Increasing Adoption of Advanced Driver Assistance Systems (ADAS)

The rising adoption of Advanced Driver Assistance Systems (ADAS) represents another significant driver in the Global LCVs Pump Market. ADAS technologies, which include features like adaptive cruise control, lane-keeping assistance, and automatic emergency braking, rely on a variety of sensors and systems to enable safe and reliable vehicle operation. Pumps are integral components in several ADAS systems. For instance, electric vacuum pumps are used in brake booster systems to provide the necessary vacuum pressure for efficient brake actuation. These pumps play a crucial role in ensuring that advanced braking systems function correctly and provide rapid and precise braking, enhancing vehicle safety. Additionally, electric power steering (EPS) systems, which often use electric power steering pumps, are essential for the precise and responsive steering control required in vehicles equipped with ADAS features. These pumps contribute to the overall stability and safety of ADAS-equipped LCVs. Moreover, the development of autonomous vehicles has led to increased demands for advanced cooling systems to manage the thermal loads generated by extensive sensor arrays and computing equipment. Electric coolant pumps are instrumental in maintaining optimal operating temperatures for these systems, preventing overheating and ensuring reliable performance.

Focus on Fuel Efficiency and Environmental Sustainability

The ongoing focus on improving fuel efficiency and the growing emphasis on environmental sustainability are driving forces behind the Global LCVs Pump Market. Automakers are committed to reducing fuel consumption and emissions while meeting consumer demand for vehicles that are both eco-friendly and cost-effective to operate. Pumps, particularly electric pumps, play a pivotal role in achieving these objectives. Electric water pumps, for instance, are crucial components in hybrid powertrains, helping manage engine temperature and optimize efficiency. These pumps enable hybrid vehicles to operate in electric-only mode for longer durations, reducing reliance on the internal combustion engine and improving fuel economy. Electric brake booster pumps are gaining prominence in LCVs, contributing to regenerative braking systems. These pumps provide the necessary hydraulic pressure for efficient regenerative braking, which converts kinetic energy into electrical energy and stores it for later use. This technology enhances fuel efficiency and aligns with sustainability goals by reducing brake wear and energy wastage.


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Key Market Challenges

Evolving Emissions Regulations and Environmental Concerns:

One of the primary challenges facing the Global Light Commercial Vehicles (LCVs) Pump Market is the evolving landscape of emissions regulations and growing environmental concerns. Governments and regulatory bodies worldwide are imposing increasingly stringent emissions standards to combat climate change and reduce air pollution. These regulations aim to limit carbon emissions, nitrogen oxides (NOx), and particulate matter (PM) from vehicles, making it imperative for automakers to adopt technologies that reduce emissions and improve fuel efficiency. Pumps in LCVs play a critical role in achieving these emissions reduction goals by enhancing engine efficiency and cooling systems. For example, electric water pumps in LCVs enable precise control of engine temperature, reducing warm-up times and optimizing combustion efficiency. This contributes to lower emissions and improved fuel economy. However, staying compliant with evolving emissions standards requires continuous innovation in pump technologies. Moreover, as emissions regulations become more demanding, automakers are increasingly turning to hybrid and electric powertrains for LCVs. This transition necessitates the integration of electric pumps and advanced thermal management systems to ensure the efficiency and longevity of electric drivetrains. Developing electric pump solutions that align with stringent emissions standards poses both technical and logistical challenges. Additionally, addressing environmental concerns involves not only reducing tailpipe emissions but also minimizing the environmental impact of manufacturing and vehicle operation. Pump manufacturers must consider the materials and production processes used in their products to ensure they align with sustainability goals. This requires investments in eco-friendly manufacturing practices and the development of environmentally responsible materials, adding complexity to the design and production of pumps for LCVs.

Increasing Electrification and Pump Complexity

The increasing electrification of vehicles, including light commercial vehicles (LCVs), presents a significant challenge to the Global LCVs Pump Market. As the automotive industry accelerates its transition toward electric powertrains, the demand for electric pumps, such as electric coolant pumps and electric power steering (EPS) pumps, has surged. These pumps are vital components in managing thermal efficiency and overall performance of electric LCVs. However, the transition to electric pumps introduces greater complexity to pump systems. Firstly, designing and manufacturing electric pumps requires specialized expertise and technologies. Integrating electric motors, sensors, and electronic control units (ECUs) into pump systems demands precise engineering and manufacturing processes. Developing and sourcing these components can be more intricate and costly than traditional pump systems. Secondly, the reliability and durability of electric pumps are paramount, as they are essential for the safe and efficient operation of electric LCVs. Any malfunction or failure of electric pumps can lead to overheating, reduced efficiency, or even vehicle breakdown. Ensuring the long-term reliability of electric pumps is a challenge for both manufacturers and automakers, requiring rigorous testing and quality control measures. Thirdly, electric pumps are more sensitive to environmental conditions and require adequate cooling and protection from moisture, dust, and temperature extremes. Designing robust electric pump systems that can withstand harsh conditions, particularly for components located in the vehicle's undercarriage, adds complexity to the development process. Furthermore, the integration of electric pumps adds complexity to the vehicle's electrical architecture. Electric pumps must seamlessly interact with other vehicle systems, such as battery management and thermal management systems, to ensure the harmonious operation of these systems.

Cost Pressures and Price Competition

Cost pressures and intense price competition are persistent challenges in the Global LCVs Pump Market. Automakers continually seek ways to reduce production costs to maintain competitiveness and meet consumer demand for affordable LCVs. In pursuit of cost-effectiveness, automakers often negotiate lower prices with component suppliers, including pump manufacturers. Reduced profit margins can limit the resources available for research and development, potentially hindering innovation in pump technologies. Manufacturers must find ways to optimize production processes, reduce material costs, and enhance operational efficiency without compromising the quality of their pump products. Collaborating closely with automakers to jointly address cost pressures while ensuring the delivery of reliable and efficient pump solutions is crucial to navigate this challenge. Furthermore, price competition within the market can lead to a race to the bottom, where manufacturers are forced to lower prices to secure contracts with automakers. This intense competition can affect the quality and durability of pump components, potentially compromising the performance and reliability of LCVs. Striking the right balance between cost competitiveness and product quality is a constant challenge for manufacturers. Additionally, cost pressures may limit the resources available for investments in research and development, hindering the development of innovative pump technologies. Manufacturers must find ways to optimize production processes, reduce material costs, and enhance operational efficiency without compromising the quality and reliability of their pump products.

Rapid Technological Advancements and Integration Complexity

The rapid pace of technological advancements in the automotive industry poses a significant challenge for the LCVs Pump Market. New technologies, such as electric powertrains, advanced driver assistance systems (ADAS), and autonomous driving, are continually emerging, and pump manufacturers must adapt quickly to remain relevant and competitive. One of the challenges is the potential obsolescence of existing pump technologies. As the automotive industry shifts towards electrification, traditional pump components used in internal combustion engines may see reduced demand. This necessitates a transition to producing more electric pumps, which requires retooling and retraining of the workforce. Moreover, the integration of smart and connected pump systems is becoming increasingly important. These systems monitor pump performance and provide data for predictive maintenance, enabling proactive troubleshooting and enhanced vehicle reliability. However, staying ahead of developments in connectivity and data analytics is a challenge for pump manufacturers who must ensure that their products are compatible with evolving vehicle architectures.

Key Market Trends

Electrification and the Rise of Electric Pumps

One of the prominent trends driving the Global LCVs Pump Market is the accelerating electrification of vehicles, including light commercial vehicles (LCVs). With the automotive industry's shift toward electric powertrains, there is a growing demand for electric pumps, such as electric coolant pumps and electric power steering (EPS) pumps, to support electric and hybrid LCVs. Electric pumps have gained significance due to their ability to enhance the efficiency and performance of electric vehicles (EVs) and hybrid electric vehicles (HEVs). In electric LCVs, electric coolant pumps are essential for maintaining the optimal operating temperature of the electric motor and battery pack. These pumps ensure that these critical components remain within their desired temperature range, contributing to improved performance and battery longevity. Electric power steering (EPS) systems, which often incorporate electric power steering pumps, play a vital role in providing precise and responsive steering control in electric and hybrid LCVs. These systems enhance maneuverability and steering feel while reducing the load on the electric powertrain. Furthermore, electric pumps are well-suited for LCVs with start-stop systems and regenerative braking. They can operate efficiently in low-speed and low-load conditions, contributing to overall energy savings and improved fuel efficiency.

Integration of Smart and Connected Pump Systems

Another noteworthy trend in the LCVs Pump Market is the integration of smart and connected pump systems. As vehicles become more connected and equipped with advanced technologies, there is a growing need for pumps that can communicate with other vehicle systems and provide data for predictive maintenance and performance optimization. Connected pump systems enable real-time monitoring of pump performance, allowing vehicle operators and maintenance personnel to assess the health of the pump and proactively address any issues. This can help prevent unexpected breakdowns and reduce downtime, particularly in commercial applications where vehicle reliability is paramount. Moreover, the data generated by connected pump systems can be used to analyze pump performance over time, identify trends, and optimize maintenance schedules. Predictive maintenance, driven by data analytics and machine learning, can help reduce maintenance costs and extend the lifespan of pump components. Connected pump systems also offer opportunities for remote diagnostics and over-the-air updates, allowing manufacturers to address performance issues and improve pump functionality without requiring physical service appointments. This enhances convenience for vehicle owners and fleet operators and reduces the overall cost of ownership. Additionally, connected pumps can be integrated into broader vehicle telematics systems, providing a comprehensive view of vehicle health and performance. This integration can enable fleet management solutions that optimize vehicle operations, reduce fuel consumption, and enhance overall efficiency.

Lightweight Materials and Design Optimization

Lightweighting has become a significant trend in the Global LCVs Pump Market as automakers seek to reduce vehicle weight to improve fuel efficiency and meet emissions targets. Pumps are critical components in vehicles, and their weight and design can impact overall vehicle efficiency. Manufacturers are increasingly using lightweight materials such as aluminum and advanced plastics in the construction of pump components. These materials offer the advantage of reducing the overall weight of the pump while maintaining structural integrity and durability. Lightweight pumps contribute to improved vehicle efficiency by reducing the energy required to operate them. In addition to material selection, design optimization is a key focus in the pursuit of lightweight pump solutions. Engineers are using advanced computer-aided design (CAD) software and simulation tools to refine pump designs, making them more compact and efficient. These efforts result in pumps that require less space and energy to operate while delivering the same or even improved performance. Lightweight pumps are particularly important in LCVs, where payload capacity and fuel efficiency are critical considerations. By reducing the weight of pump components, manufacturers can help LCVs carry more cargo or achieve better fuel economy, translating into cost savings for businesses and improved environmental performance.

Focus on Durability and Reliability

Durability and reliability have always been essential attributes for pump systems in LCVs, and this trend remains a critical driver in the market. LCVs are often used in demanding applications, such as delivery services, construction, and agriculture, where reliability is paramount to minimize downtime and maintain productivity. Manufacturers are placing a strong emphasis on engineering pumps that can withstand harsh operating conditions and provide long-lasting performance. Robust materials, advanced coatings, and rigorous testing procedures are employed to ensure that pumps can endure exposure to temperature extremes, dust, moisture, and heavy usage. Moreover, the transition to electrification, including electric and hybrid LCVs, has heightened the importance of durability and reliability. Electric pumps, such as those used in coolant and power steering systems, must operate flawlessly over the entire lifespan of the vehicle to ensure safety and performance. Any malfunction or failure can result in overheating, reduced efficiency, or even vehicle breakdown.

Segmental Insights

Pump Type Analysis

During the anticipated period, the steering pump sector is anticipated to rule the automotive pumps market. The need for power steering systems and the corresponding steering pumps increases as vehicle manufacturers continue to place a premium on driver convenience. Due to their size, weight, and handling requirements, the vehicle categories frequently need strong power steering systems, which calls for bigger, more powerful steering pumps. Both hydraulic and electro-hydraulic power steering systems employ steering pumps.

Sales Channel Analysis

The aftermarket, which began to dominate the sector in 2022, will continue to expand significantly and profitably. The deterioration of different parts, particularly pumps, becomes more obvious as vehicles age. Automotive pumps are necessary for the efficient operation of several systems including the fuel system, power steering system, and cooling system. The demand for products in the aftermarket rises as more maintenance and worn-out part replacements are needed for cars.

Technology Type Analysis

The market is dominated by the mechanical sector. Mechanical pumps have a history of dependability and toughness in a variety of automotive applications. They are a popular option in crucial pumping systems because of their reliability and capacity to tolerate difficult working circumstances. Fluids of all kinds, including coolant, oil, fuel, and hydraulic fluids, can be handled by the product. Their versatility in various automobile systems is a result of their adaptable design and construction, which can be adjusted to fit individual fluid characteristics.


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Regional Insights

The greatest market is thought to be in the Asia Pacific area. Some of the world's fastest-growing economies, including China and India, are found in this region. Additionally, the Asia Pacific region is the greatest market for automobiles because of rising consumer spending power in the area. Additionally, the region's rising sales of Light Commercial Vehicles and commercial vehicles are fueling the market's expansion. In the last ten years, worries about ecological imbalance brought on by automobile emissions have grown in nations like India, China, Malaysia, and Thailand. Major automakers have been compelled by these worries to turn their attention to fuel-efficient automobiles. Additionally, the region's high demand for passenger vehicles is probably. With multiple assembly factories run by both domestic and foreign automakers, North America is an important hub to produce automobiles. As vehicle production in the area continues to rise, there is a rising need for automotive pumps to help with the creation of new cars.

Recent Developments

  • In August 2022, HELLA KGaA Hueck & Co, an automotive supplier operating under the FORVIA brand, announced the addition of an electronic Valve Actuator and a high-performance Media Pump for coolant circulation to its current thermal management offering.
  • Aisan Industry Co., Ltd., a producer of engine parts, finished the acquisition of the fuel pump module division of Denso Corporation in January 2022. The company concentrated on improving its powertrain offering and market expansion prospects through this endeavor.
  • By introducing a highly creative and updated fuel pump subsystem in November 2019, Delphi Technologies demonstrated its dedication to the progress of automotive technology.
  • Aisin Tohoku Co. of the Aisin Group announced the expansion of its facility in December 2020 in order to start producing small and medium-sized motor goods by 2022, mostly electric water pumps. The factory will produce a new model of the electric water pump.
  • Aisin Corporation said in April 2019 that it would increase its investment in the Automatic Transmission (AT) industry in the US and fortify its manufacturing facility. By enhancing its capacity to produce ATs for SUVs, Aisin AW will in the future contribute to the growth of the US automotive sector. With this transaction, the company may be able to improve the range of automotive pumps it sells.

Key Market Players

  • Aisin Seiki Co. Ltd
  • WABCO Holdings, Inc
  • Continental AG
  • Delphi Automotive LLP
  • DENSO Corporation
  • Robert Bosch GmbH
  • HELLA KGaA Hueck & Co
  • Magna International Inc.
  • Johnson Electric Holdings Limited
  • Valeo SA

By Pump Type

By Technology Type

By Sales Channel

By Region
  • Transmission Pump
  • Fuel pump
  • Oil Pump
  • Steering Pump
  • Water Pump
  • Vacuum Pump
  • Mechanical
  • Electrical
  • OEM
  • Aftermarket
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Light Commercial Vehicles Intercooler Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Light Commercial Vehicles Intercooler Market, By Pump Type:

o   Transmission Pump

o   Fuel pump

o   Oil Pump

o   Steering Pump

o   Water Pump

o   Vacuum Pump

  • Light Commercial Vehicles Intercooler Market, By Technology Type:

o   Mechanical

o   Electrical

  • Light Commercial Vehicles Intercooler Market, By Sales Channel:

o   OEM

o   Aftermarket

  • Light Commercial Vehicles Intercooler Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Light Commercial Vehicles Intercooler Market.

Available Customizations:

Global Light Commercial Vehicles Intercooler market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Light Commercial Vehicles Intercooler Market

5.    Global Light Commercial Vehicles Intercooler Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Pump Type Market Share Analysis (Air to Air, Water to Air)

5.2.2.    By Technology Type Market Share Analysis (Supercharged Engine, Turbocharged Engine)

5.2.3.    By Sales Channel Market Share Analysis (Front Mounted, Top Mounted, Side Mounted)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3.  Global Light Commercial Vehicles Intercooler Market Mapping & Opportunity Assessment

5.3.1.    By Pump Type Market Mapping & Opportunity Assessment

5.3.2.    By Technology Type Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Light Commercial Vehicles Intercooler Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Pump Type Market Share Analysis

6.2.2.    By Technology Type Market Share Analysis

6.2.3.    By Sales Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Light Commercial Vehicles Intercooler Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Pump Type Market Share Analysis

6.3.1.2.2.           By Technology Type Market Share Analysis

6.3.1.2.3.           By Sales Channel Market Share Analysis

6.3.2.    India Light Commercial Vehicles Intercooler Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Pump Type Market Share Analysis

6.3.2.2.2.           By Technology Type Market Share Analysis

6.3.2.2.3.           By Sales Channel Market Share Analysis

6.3.3.    Japan Light Commercial Vehicles Intercooler Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Pump Type Market Share Analysis

6.3.3.2.2.           By Technology Type Market Share Analysis

6.3.3.2.3.           By Sales Channel Market Share Analysis

6.3.4.    Indonesia Light Commercial Vehicles Intercooler Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Pump Type Market Share Analysis

6.3.4.2.2.           By Technology Type Market Share Analysis

6.3.4.2.3.           By Sales Channel Market Share Analysis

6.3.5.    Thailand Light Commercial Vehicles Intercooler Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Pump Type Market Share Analysis

6.3.5.2.2.           By Technology Type Market Share Analysis

6.3.5.2.3.           By Sales Channel Market Share Analysis

6.3.6.    South Korea Light Commercial Vehicles Intercooler Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Pump Type Market Share Analysis

6.3.6.2.2.           By Technology Type Market Share Analysis

6.3.6.2.3.           By Sales Channel Market Share Analysis

6.3.7.    Australia Light Commercial Vehicles Intercooler Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Pump Type Market Share Analysis

6.3.7.2.2.           By Technology Type Market Share Analysis

6.3.7.2.3.           By Sales Channel Market Share Analysis

7.    Europe & CIS Light Commercial Vehicles Intercooler Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Pump Type Market Share Analysis

7.2.2.    By Technology Type Market Share Analysis

7.2.3.    By Sales Channel Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Light Commercial Vehicles Intercooler Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Pump Type Market Share Analysis

7.3.1.2.2.           By Technology Type Market Share Analysis

7.3.1.2.3.           By Sales Channel Market Share Analysis

7.3.2.    Spain Light Commercial Vehicles Intercooler Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Pump Type Market Share Analysis

7.3.2.2.2.           By Technology Type Market Share Analysis

7.3.2.2.3.           By Sales Channel Market Share Analysis

7.3.3.    France Light Commercial Vehicles Intercooler Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Pump Type Market Share Analysis

7.3.3.2.2.           By Technology Type Market Share Analysis

7.3.3.2.3.           By Sales Channel Market Share Analysis

7.3.4.    Russia Light Commercial Vehicles Intercooler Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Pump Type Market Share Analysis

7.3.4.2.2.           By Technology Type Market Share Analysis

7.3.4.2.3.           By Sales Channel Market Share Analysis

7.3.5.    Italy Light Commercial Vehicles Intercooler Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Pump Type Market Share Analysis

7.3.5.2.2.           By Technology Type Market Share Analysis

7.3.5.2.3.           By Sales Channel Market Share Analysis

7.3.6.    United Kingdom Light Commercial Vehicles Intercooler Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Pump Type Market Share Analysis

7.3.6.2.2.           By Technology Type Market Share Analysis

7.3.6.2.3.           By Sales Channel Market Share Analysis

7.3.7.    Belgium Light Commercial Vehicles Intercooler Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Pump Type Market Share Analysis

7.3.7.2.2.           By Technology Type Market Share Analysis

7.3.7.2.3.           By Sales Channel Market Share Analysis

8.    North America Light Commercial Vehicles Intercooler Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Pump Type Market Share Analysis

8.2.2.    By Technology Type Market Share Analysis

8.2.3.    By Sales Channel Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Light Commercial Vehicles Intercooler Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Pump Type Market Share Analysis

8.3.1.2.2.           By Technology Type Market Share Analysis

8.3.1.2.3.           By Sales Channel Market Share Analysis

8.3.2.    Mexico Light Commercial Vehicles Intercooler Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Pump Type Market Share Analysis

8.3.2.2.2.           By Technology Type Market Share Analysis

8.3.2.2.3.           By Sales Channel Market Share Analysis

8.3.3.    Canada Light Commercial Vehicles Intercooler Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Pump Type Market Share Analysis

8.3.3.2.2.           By Technology Type Market Share Analysis

8.3.3.2.3.           By Sales Channel Market Share Analysis

9.    South America Light Commercial Vehicles Intercooler Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Pump Type Market Share Analysis

9.2.2.    By Technology Type Market Share Analysis

9.2.3.    By Sales Channel Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Light Commercial Vehicles Intercooler Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Pump Type Market Share Analysis

9.3.1.2.2.           By Technology Type Market Share Analysis

9.3.1.2.3.           By Sales Channel Market Share Analysis

9.3.2.    Colombia Light Commercial Vehicles Intercooler Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Pump Type Market Share Analysis

9.3.2.2.2.           By Technology Type Market Share Analysis

9.3.2.2.3.           By Sales Channel Market Share Analysis

9.3.3.    Argentina Light Commercial Vehicles Intercooler Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Pump Type Market Share Analysis

9.3.3.2.2.           By Technology Type Market Share Analysis

9.3.3.2.3.           By Sales Channel Market Share Analysis

10. Middle East & Africa Light Commercial Vehicles Intercooler Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Pump Type Market Share Analysis

10.2.2. By Technology Type Market Share Analysis

10.2.3. By Sales Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Light Commercial Vehicles Intercooler Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Pump Type Market Share Analysis

10.3.1.2.2.         By Technology Type Market Share Analysis

10.3.1.2.3.         By Sales Channel Market Share Analysis

10.3.2. Turkey Light Commercial Vehicles Intercooler Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Pump Type Market Share Analysis

10.3.2.2.2.         By Technology Type Market Share Analysis

10.3.2.2.3.         By Sales Channel Market Share Analysis

10.3.3. Saudi Arabia Light Commercial Vehicles Intercooler Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Pump Type Market Share Analysis

10.3.3.2.2.         By Technology Type Market Share Analysis

10.3.3.2.3.         By Sales Channel Market Share Analysis

10.3.4. UAE Light Commercial Vehicles Intercooler Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Pump Type Market Share Analysis

10.3.4.2.2.         By Technology Type Market Share Analysis

10.3.4.2.3.         By Sales Channel Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Aisin Seiki Co. Ltd

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. WABCO Holdings, Inc

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Continental AG

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Delphi Automotive LLP

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. DENSO Corporation.

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Robert Bosch GmbH

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. HELLA KGaA Hueck & Co

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Magna International Inc.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Johnson Electric Holdings Limited

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Valeo SA

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Pump Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Light Commercial Vehicles Intercooler Market was estimated to be USD 4 billion in 2022.

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During the anticipated period, the steering pump sector is anticipated to rule the automotive pumps market. The need for power steering systems and the corresponding steering pumps increases as vehicle manufacturers continue to place a premium on driver convenience. Due to their size, weight, and handling requirements, the vehicle categories frequently need strong power steering systems, which calls for bigger, more powerful steering pumps. Both hydraulic and electro-hydraulic power steering systems employ steering pumps.

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The greatest market is thought to be in the Asia Pacific area. Some of the world's fastest-growing economies, including China and India, are found in this region. Additionally, the Asia Pacific region is the greatest market for automobiles because of rising consumer spending power in the area. Additionally, the region's rising sales of Light Commercial Vehicles and commercial vehicles are fueling the market's expansion. In the last ten years, worries about ecological imbalance brought on by automobile emissions have grown in nations like India, China, Malaysia, and Thailand. Major automakers have been compelled by these worries to turn their attention to fuel-efficient automobiles. Additionally, the region's high demand for passenger vehicles is probably.

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Focus on Fuel Efficiency and Environmental Sustainability, Focus on Fuel Efficiency and Environmental Sustainability, Increasing Adoption of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving are the major drivers for the Global Light Commercial Vehicles Intercooler Market.

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Srishti Verma

Business Consultant
Press Release

Light Commercial Vehicles Pumps Market to Grow with a CAGR of 6.14% Globally through to 2028.

Nov, 2023

Focus on Fuel Efficiency and Environmental Sustainability, Focus on Fuel Efficiency and Environmental Sustainability, Increasing Adoption of Advanced Driver Assistance Systems (ADAS) and Autonomous D

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