Press release
Oil Pump Market for Automotive Industry Expected to reach near to US$ 19 Bn Globally by 2026
Oil pump for automotive are primarily utilized to pump lubricating and cooling oil within the engine of a vehicle. An oil pump is imperative to lubricate the internal components, namely, pistons, camshaft, bearings, and crankshaft, among others. Lack of lubrication leads to friction and wear & tear, which in turn is likely to cease the engine and cause damage to the internal components thereby leading to incur heavy loss. Hence, lubricating oil is circulated at high pressure for better and effective functioning of engine parts. Oil pump for automotive are vary in accordance with the usage of the automobile, such as an off-road vehicle, a normal passenger car, or a heavy commercial vehicle. The fuel efficiency and performance of engine is directly proportional to the proper functioning of the oil pump for automotive.Increased demand for passenger vehicles across the globe is considered to be one of the primary factors propelling the demand for oil pump for automotive market. Rising urbanization in different countries has been attributed toward the increase in overall vehicle miles driven globally, by approximately 2% to 4%, in recent years. This, in turn, has propelled the usage of passenger cars significantly, which is anticipated to propel the demand for oil pump for automotive market in the near future.
Preview Report @ https://www.transparencymarketresearch.com/automotive-oil-pump-market.html
The automotive industry in Asia witnessed significant growth due to increase per capita income, easy availability of finance, and declining car loan/ bank interest rates. Supported by stable economies and low labour overheads that have entailed in localizing the manufacturing facilities for major OEMs, thereby eliminating large chunks of import duty taxes. Reduced vehicle prices have enhanced the size of total addressable end user market, favouring the mid income group population, which is coupled with better customizable finance options and high disposable income.
Oil pump for automotive is used to circulate the lubricant with variable pressures over the complete assembly of automotive engine. As a resultant, the life span of engine components is likely to increase by approximately one to two years. These beneficial properties of the oil pump system can harness better market demand especially for the IC engines, PHEV and HEVs. The global oil pump for automotive market is expected to grow at a CAGR of more than 3.5% during the forecast period, 2018 – 2026.
The gear pump segment is estimated to hold the maximum share in 2017. Gear pump is an old tried and proven technology with low manufacturing cost that witnesses significant penetration in the passenger vehicles.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33644
Passenger vehicle and commercial vehicle elucidates the vehicle type segmentation. Demand for commercial vehicles is anticipated to rise during the forecast period due to rapid industrialization and expansion of the construction industry in Asia Pacific. Proliferation of process outsourcing and related organizations in Asia Pacific have raised the demand for travel for umpteen employees, which is catered through light commercial vehicles (Vans and Small/Medium Buses), thereby driving the demand for LCVs.
Some of the prominent regions taken into analysis for oil pump for automotive market are inclusive North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The analysis based on the region is done on the basis of the production trend, political reforms, and regulation changes. Asia Pacific and Latin America show tremendous growth in automobile sector over the past few years because of emerging economic conditions, increasing per capita income, easy availability of finance, decreasing interest loan.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/33644
Key operating players in the oil pump for automotive market are expected to benefit from the formation of strategic alliances with global players in the differential market. The market is burgeoned with some of the key players that have strong global presence and firm establishments which are equally coupled with wide product portfolio. Prominent players in the differential market are Robert Bosch GmbH, Denso Corporation, Aisin Seiki Co. Ltd., Delphi Automotive, Johnson Electric, Magna International, MAHLE GmbH, and Rheinmetall Automotive.
For expanding business globally companies are focusing on merger and acquisitions with the regional automotive differential manufacturers. Robert Bosch GmbH is one of the major manufacturers and has expertise in manufacturing of mechanical oil pump. Despite of holding a small share as compared to other major manufacturers Robert Bosch GmbH holds a prominent position in the oil pump for automotive market for vehicles.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oil Pump Market for Automotive Industry Expected to reach near to US$ 19 Bn Globally by 2026 here
News-ID: 1189559 • Views: …
More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…

Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…

Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…

Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…