Global Electric Water Pumps for Commercial and Off-Highway Vehicles Market, Forecast 2027 | Growth Market Reports
                     Global Electric Water Pumps for Commercial and Off-
Highway Vehicles Market By Type (Primary Electric 
Pump, Secondary Electric Pump), By Voltage (12V, 24V, 
48V), By Vechile Type (Commercial Vechiles (Light 
Commercial Vehicles (LCV), Heavy Commercial Vehicles 
(HCV))), Off-Highway Vehicles (Agriculture Equipment , 
Construction Equipment, Others )), By Sales Channel 
(OEM, Aftermarket), By Region (North America, Europe, 
Asia Pacific, Latin America, Middle East & Asia)
• The global 
electric water pumps for commercial & OHV market was 
valued at USD 1,095.3 Million in 2019 and is projected to 
reach USD XXXX.6 Million by 2027, expanding at a CAGR of 
6.2% during the forecast period. The market is driven by 
factors such as rising focus of automakers toward fuel-
efficient vehicles, weight reduction of EWP by auto 
manufacturers, growing pollution levels worldwide, 
availability of raw materials, and ease of manufacturing EWP. 
However, technical issues with the EWP and higher cost as 
compared to mechanical pumps are key restraints of this 
market. Rising replacement rate of mechanical pump with 
EWPs and increasing demand for commercial vehicles are 
boosting the market. 
Global Electric Water Pumps For Commercial & OHV Market 
Outlook
• On the basis of types, the market is segmented into primary 
electric pump and secondary electric pump. The secondary 
electric pump segment is anticipated to expand at a CAGR of 
X.X% during the forecast period due to its increasing demand 
in commercial vehicles. The primary electric pump segment is 
estimated to hold X5.9% share of the market in 2020 owing to 
its superior efficiency in the heavy commercial vehicles and 
off-highway vehicles.
Global Electric Water Pumps For Commercial & OHV Market 
Segments
• Based on vehicle types, the electric water pumps for commercial & 
OHV market is bifurcated into commercial and off-highway vehicles. 
The commercial segment is projected to hold a major share of the 
market during the forecast period owing to the increasing numbers of 
construction and e-commerce operations have resulted in rising 
demand for material transport, resulting in increased worldwide sales 
of commercial vehicles. The off-highway vehicles segment is expected 
to grow at a substantial pace due to increasing construction and 
mining activities globally. 
• Based on commercial vehicles, the segment is further classified as 
light commercial vehicle and heavy commercial vehicle. The light 
commercial vehicles segment is projected to constitute XX.9% share of 
the market in 2027 owing to the increasing cross border transport of 
goods and investments in the public transport mediums. The heavy 
commercial vehicle segment is anticipated to expand at a significant 
pace due to the increasing demand for downsized engines and rising 
deployment of multi-axle vehicles to improve heavy commercial 
vehicle performance during the forecast period.
• In terms of off-highway vehicles, the segment is divided into 
agriculture equipment, construction equipment, and others. 
The construction equipment segment holds market share 
XX.1% in 2020 owing to the rapid growth in renewable energy 
generation capacity investments, which is expected to drive 
construction activities during the forecast period. The 
agriculture equipment segment is anticipated to expand at 
substantial CAGR during the forecast period due to the 
adoption of modern technologies by farmers to increase farm 
yields and fulfill rising food demand.
On the basis of voltage, the electric water pumps for 
commercial & OHV market is categorized as 12V, 24V, and 
24V. The 24V segment holds XX.4% share of the market in 
2020 owing to the primary use of 24V electric water pumps in 
the majority of the heavy commercial vehicles and off-
highway vehicles.
• Based on sales channels, the electric water pumps for commercial & 
OHV market is segregated into OEM and aftermarket. The OEM 
segment is projected to constitute XX.3% share of the market in 
2027 owing to the increasing demand for better quality and long life 
of the OEM electric water pumps. The aftermarket segment is 
anticipated to expand at significant pace due to growing 
replacement rate of the mechanical pumps with the EWP.
In terms of regions, the market is fragmented into North America, 
Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia 
Pacific is a promising region for the market. The region constituted 
XX.6% share of the market in 2020. The market in the region is 
projected to expand at a CAGR of X.9% during the forecast period. 
The demand for EWP for commercial & OHV is expected to rise due 
to the rapid growth in the automotive manufacturing units in the 
region. The market in Europe is projected to expand at a CAGR of 
X.0% due to the presence of a majority of players in the region.
Electric Water Pumps for Commercial & OHV Market Regional 
Analysis
Key Market Trends & Growth Opportunities
• On the basis of types, the electric water pumps for commercial & OHV 
market is segmented into primary electric pump and secondary electric 
pump. The primary electric pump segment accounts for a major share of 
the market and the secondary electric pump segment is anticipated to 
expand at a high CAGR during the forecast period.
• The secondary electric pump segment is  expected to grow at substantial 
rate in the market due to its increasing demand from commercial 
automotive industry and is preferred as compared to electric water 
pump. Growing demand for commercial vehicles and their maintenance 
are fueling market growth.
• A primary electric pump is a safe option for heavy commercial vehicles 
and off-highway vehicles, where high engine efficiency is required. The 
primary electric pump is installed while manufacturing vehicles and rarely 
post-sales of the vehicle due to the high cost of replacement. Currently, 
many electrical vehicles are pre-installed with the primary electric pump 
during the manufacturing process as a part of an OEM. 
• Electric water pumps are an important addition to any 
commercial and OHV, as they reduce fuel consumption and 
increase efficiency. However, compared between the primary 
electric pump and secondary electric pump, there is no clear-
cut option, as it depends on the intended use of the vehicle.
•
Key players in the market include Schaeffler AG, MAHLE 
GmbH, and VALEO SERVICE. These companies are considered 
as key manufacturers of electric water pumps for commercial 
& OHV based on their revenue, research & development 
(R&D) activities, regional presence, and supply chain 
management system.
Key Player Analysis
Electric Water Pumps for Commercial & OHV Market Report 
Attribute
Report Attribute            Details
Base Year 2019
Historical Data 2017
Forecast Year 2027
Growth Rate 6.2%
Market Value in 2019 USD 1,095.3 Million
Global - North America, Europe, China, Rest 
Regional scope of Asia Pacific, Central & South America, 
and the Middle East & Africa 
Segments covered By Pump Type, By Voltage, By Vechile Type, 
By Sales Channel, By Region
Schaeffler AG, MAHLE GmbH, VALEO 
SERVICE, Magna International Inc, 
Rheinmetall Automotive AG, Gates 
Key companies profiled Corporation, Robert Bosch GmbH, GMB 
Corporation, DaviesCraig, BLDC PUMP Co., 
Ltd.