The Latin America, Middle East and Africa Automotive Electric Fuel Pumps Market would witness market growth of 8.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Electric Fuel Pumps Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $641.3 million by 2031. The Argentina market is showcasing a CAGR of 9.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.4% during (2024 - 2031).
The adoption of electric fuel pumps has been growing steadily, driven by the need for more efficient and reliable fuel delivery systems in modern vehicles. One of the key drivers behind the adoption of electric fuel pumps is the growing demand for better fuel efficiency. As automotive manufacturers strive to meet stricter government regulations regarding fuel efficiency, electric fuel pumps offer a more efficient solution than traditional mechanical pumps.
Governments enforce stringent emissions regulations to reduce air pollution and greenhouse gas emissions. As a result, vehicle manufacturers are increasingly adopting technologies that reduce emissions, including electric fuel pumps. These pumps help optimize engine performance, reduce fuel waste, and lower emissions.
Saudi Arabia accounts for a substantial portion of automotive sales in the MENA and GCC regions, with 52% of vehicles in the GCC sold there. The projected increase in car sales by 2025 to 543,000 units is likely to lead to an increased demand for automotive fuel pumps. The growing preference for modern fuel-efficient and environmentally friendly vehicles, particularly electric and hybrid vehicles, aligns with the demand for high-performance electric fuel pumps. In addition, the UAE government has heavily invested in developing a world-class transportation network and advanced automotive infrastructure. Programs like the Dubai Autonomous Transportation Strategy and the expansion of the electric vehicle charging network contribute to creating an ecosystem conducive to growth in the automotive sector. With the rise in electric and hybrid vehicles, the demand for electric fuel pumps in both conventional and green vehicle segments will increase, driving market growth. In conclusion, Saudi Arabia and the UAE are set for strong growth in the market, fuelled by government investments, a shift to electric vehicles, and technological advancements.
Free Valuable Insights: The Worldwide Automotive Electric Fuel Pumps Market is Projected to reach USD 32.34 Billion by 2031, at a CAGR of 6.3%
Based on Product, the market is segmented into Brushed DC, and Brushless DC. Based on Technology, the market is segmented into Turbine style, Sliding Vane, and Roller Vane. Based on Application, the market is segmented into LCVs, Cars, and HCVs. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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