Automotive Electric Oil Pump Market Trends, Growth Factors, Size, Segmentation and Forecast to 2029

Automotive Electric Oil Pump Market size is expected to reach nearly USD 26.6 Bn by 2029 with the CAGR of 19.8% during the forecast period.

Automotive Electric Oil Pump Market Report Scope and Research Methodology

In a comprehensive analysis, the report delves into the impact of COVID-19 on market leaders, followers, and disruptors. The varied lockdown implementations across regions and segments have uniquely impacted the market, providing insights into short-term and long-term strategies for decision-makers within the industry.

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What are Automotive Electric Oil Pump Market Dynamics?

Market Drivers and Restraints:

The adoption of electric oil pumps in automotive systems significantly enhances engine efficiency and prevents issues like friction and wear. While these pumps offer noiseless operation, low power consumption, and improved fuel efficiency, escalating raw material prices and installation costs pose challenges to global market growth. However, increasing demand for automatic transmission systems and government initiatives promoting fuel-efficient vehicles present lucrative opportunities for market expansion.

Automotive Electric Oil Pump Market Segmentation?

Automotive Electric Oil Pump Market, by Vehicle Type

Passenger Vehicles
Commercial Vehicles

Depending on vehicle type, this can be linked to rising passenger car production and demand in developing nations like China, Brazil, and India. Stricter government laws governing automobiles with fewer emissions and standards like EURO 6 will support the segment's expansion even more. Additionally, as the construction industry grows and industrialization increases, the need for commercial vehicles in developing nations is expected to rise quickly, which will support the segment's growth throughout the projection period.

The automobile electric oil pump market is divided into OEM and aftermarket segments based on the distribution channel. It is supported by stable economies and cheap labour costs that aid in localising the production facilities for important OEMs, hence removing the need for high import duty rates. Due to agreements between OEMs and component suppliers, incentives offered to OEMs, and lower production costs since OEMs produce in large quantities, the cost of an electric oil pump is lower for OEMs.

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Who are Automotive Electric Oil Pump Market Key Players?

1. FTE automotive
2. Hitachi Automotive
3. Rheinmetall Automotive AG
4. Johnson Electric
5. Nidec Corporation
6. Mitsubishi Electric
7. Mikuni American Corporation
8. Magna International
9. HUSCO Automotive
10. MAHLE Group
11. Delphi Automotive PLC.
12. Robert Bosch GmbH
13. DENSO CORPORATION
14. ZF Friedrichshafen AG
15. AISIN SEIKI
16. SHW AG
17. Aptiv PLC
18. BorgWarner Inc.
19. SHW AG

Table of content for the Automotive Electric Oil Pump Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Electric Oil Pump Market Report

Part 03: Global Automotive Electric Oil Pump Market Landscape

Part 04: Global Automotive Electric Oil Pump Market Sizing

Part 05: Global Automotive Electric Oil Pump Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific currently leads the market share at 57.0% in 2022 and is projected to exhibit the highest growth rate during the forecast period. The region's dominance is attributed to the presence of key automotive manufacturers and growing demand for both passenger and commercial vehicles, particularly in countries like India, China, and Korea.

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