Latin America Automotive Electric Water Pump Market Size & Outlook
The automotive electric water pump market in Latin America is expected to reach a projected revenue of US$ 547.8 million by 2030. A compound annual growth rate of 13.2% is expected of Latin America automotive electric water pump market from 2024 to 2030.
Revenue, 2023 (US$M)
$229.9
Forecast, 2030 (US$M)
$547.8
CAGR, 2024 - 2030
13.2%
Report Coverage
Latin America
Latin America automotive electric water pump market, 2018-2030 (US$M)
Latin America automotive electric water pump market highlights
- The Latin America automotive electric water pump market generated a revenue of USD 229.9 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, 12 v was the largest revenue generating voltage type in 2023.
- 12 V is the most lucrative voltage type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 229.9 million |
| Market revenue in 2030 | USD 547.8 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | 12 v |
| Fastest growing segment | 12 V |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 12 V |
| Key market players worldwide | TG Missouri, Kolon Industries, Toray Industries Inc, Ashimori Industry, Toyoda Gosei Co Ltd, Sumitomo Corp, Seiren Co Ltd, Scania, ZF Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.2% of the global automotive electric water pump market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 1,896.4 million by 2030.
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Automotive Electric Water Pump Market Scope
Automotive electric water pump market segmentation & scope
Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Distribution Channel
OEMs
Aftermarket
Propulsion Type
ICE
Electric
Application
Battery
Engine
Turbocharger
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Norway
Sweden
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Automotive Electric Water Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America automotive electric water pump market
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