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Emerging Trends Influencing The Growth Of The Automotive Oil Pump Market:Automotive Oil Pump Market Embraces Technological Advancements For Enhanced Performance
Automotive Oil Pump
How Big Is the Automotive Oil Pump Market Size Expected to Be by 2034?
The size of the automotive oil pump market has seen significant growth in recent years. It is projected to surge from a valuation of $18.78 billion in 2024 to approx $19.76 billion in 2025, industry growth at a Compound Annual Growth Rate (CAGR) of 5.2%. The expansion during the historical period could be linked to demands for engine efficiency, adherence to emission standards, advancements in materials and manufacturing, reduction in vehicle weight, together with a rise in global automotive production.
The market for automotive oil pumps is projected to experience significant growth in the coming years, with its value predicted to rise to $25.16 billion in 2029, registering a compound annual growth rate (CAGR) of 6.2%. This growth during the forecast period can be credited to factors such as the incorporation of cooling systems, rigorous fuel economy norms, greater attention to electric powertrains, resilience of the supply chain, and trends in electric vehicles. Major forecast period trends include the integration of smart technologies and sensors, the optimization of lightweight materials and designs, the uptake of cutting-edge manufacturing processes, trends in hybrid and electric vehicles, and improvements in efficiency.
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What Are the Emerging Segments Within the Automotive Oil Pump Market?
The automotive oil pump market covered in this report is segmented -
1) By Discharge Type: Gear Pump, Gerotor, Vane Pump, Other Discharge Type (Plunger pumps)
2) By Displacement Type: Fixed Displacement, Variable Displacement
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses And Coaches, Off-Road Vehicles
4) By Lubrication System: Wet Sump Lubrication, Dry Sump Lubrication
5) By Sales Channel: Original Equipment Manufacturer(OEM), After market
Subsegments:
1) By Gear Pump: Internal Gear Pump, External Gear Pump
2) By Gerotor: Fixed Displacement Gerotor, Variable Displacement Gerotor
3) By Vane Pump: Sliding Vane Pump, Rotary Vane Pump
4) By Other Discharge Type: Plunger Pumps, Diaphragm Pumps
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What Long-Term Drivers Are Shaping Automotive Oil Pump Market Trends?
The surge in vehicle production is anticipated to propel the advancement of the automotive oil pump market. The process of manufacturing motor vehicles and light trucks/utility vehicles correlates with the term motor vehicle production. The function of automobile oil pumps is to maintain pressure on fluids and safeguard the engine components of vehicles from overheating and frictional damage by lubricating oil at suitable pressures. Consequently, this amplifies the adoption of vehicle production, thus escalating the need for the automotive oil pump market. For instance, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, reported in May 2024 that the demand for SUVs had surged from 14.21 million units in 2022 to 16.03 million units in 2023, a substantial increase of 12.8% year-over-year. Hence, the rise in the adoption of electric vehicles is fuelling the expansion of the automotive oil pump market.
Who Are the Top Competitors in Key Automotive Oil Pump Market Segments?
Major companies operating in the automotive oil pump market include Denso Corporation, The FTE automotive Group, Johnson Electric Holdings Limited., Magna International Inc., Nidec Corporation, Rheinmetall AG, Aisin Seiki Co. Ltd., ZF Friedrichshafen AG, Hitachi Astemo Americas Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, BorgWarner Inc., Brose Fahrzeugteile GmbH & Co. KG, HUSCO International Inc., Ningbo Shenglong Automotive Powertrain System Co.Ltd., TRW Automotive Holdings Corp., Fuxin Dare Automotive Parts Co Ltd., MAHLE GmbH, Stackpole International Inc., Magneti Marelli S.p.A., Shenglong Group, Bosch GmbH, Delphi Technologies PLC, Hunan Oil Pump Co., Melling Engine Parts, Hirschvogel Automotive Group, Wuxi Tsang Yow Auto Parts Co.Ltd., Toyo Advanced Technologies Co.Ltd., Pierburg GmbH, Flowserve Corporation
What Automotive Oil Pump Market Trends Are Gaining Traction Across Different Segments?
The advent of technological progress is a significant trend in the automotive oil pump industry. Many major companies in this market concentrate on introducing novel products to maintain their market presence. For example, Toyoda Gosei Co. Ltd., a Japanese producer of rubber and plastic automotive parts, debuted a less weighty oil pump in January 2022. This innovative oil pump embodies precision plastic molding technology, which is regarded as a core technology. It is used in the production of gears and other oil pump components, making them out of plastic, thereby decreasing the weight of the oil pump by roughly 30%.
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Which Regions Are Becoming Hubs for Automotive Oil Pump Market Innovation?
Asia-Pacific was the largest region in the automotive oil pump market in 2024. The regions covered in the automotive oil pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Oil Pump Market?
2. What is the CAGR expected in the Automotive Oil Pump Market?
3. What Are the Key Innovations Transforming the Automotive Oil Pump Industry?
4. Which Region Is Leading the Automotive Oil Pump Market?
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