By Technology : Electric segment is the fastest growing segment of the automotive pump market during the forecast period
Electric pumps , which work with the help of electric motors , are gradually replacing mechanical pumps . The use of electric pumps is increasing due to their many advantages over mechanical pumps . Electric fuel pump provides more fuel efficiency as compared to mechanical fuel pump . However , the installation of electric pump requires sophisticated electrical circuit , which increases the cost . Major global automakers are now using electric pumps in vehicular architecture .
By Vehicle Type : HCV is expected to be the fastest growing segment in the automotive pump market
The heavy commercial vehicle segment comprises buses and trucks . Emerging countries such as China , Brazil , Iran , and India among others have witnessed rapid development of infrastructure in the recent past . This has inflated the demand for commercial vehicles for heavy duty applications . Also , economic growth in these countries has enhanced ease of doing business and paved the way for many start-ups . The growth of the transport industry has boosted the HCV market . These factors have fueled the growth of the HCV market . But the spread of COVID-19 has also declined the sales of sales of light , medium , and heavy trucks in 2020 .