Press release
Comprehensive Automotive Oil Pump Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Automotive Oil Pump
Automotive Oil Pump Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of auto oil pumps has seen significant expansion in the past few years. The market is projected to rise from $18.78 billion in 2024 to $19.76 billion by 2025, with a compound annual growth rate (CAGR) of 5.2%. The growth during the historic period is due to engine efficiency requirements, adherence to emission norms, advancements in materials and manufacturing, reduction in vehicle weight, and worldwide growth in automobile production.
Automotive Oil Pump Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for automotive oil pumps is projected to witness a robust growth, reaching a value of $25.16 billion in 2029 with an annual growth rate of 6.2%. This anticipated growth during the forecast period can be ascribed to factors such as the incorporation of cooling systems, stricter norms on fuel economy, increasing emphasis on electric drivetrains, resilience in supply chains and the trend of electric vehicles. Other significant trends projected during this period entail the integration of smart technologies and sensors, lightweight materials and optimization of design, adoption of cutting-edge manufacturing methods, trends in hybrid and electric vehicles, and enhancements in efficiency.
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What Are the Drivers Transforming the Automotive Oil Pump Market?
The swift surge in auto manufacturing is projected to propel the expansion of the automotive oil pump industry. The term "motor vehicle production" pertains to the fabrication of cars as well as light trucks/utility vehicles. Automotive oil pumps, which pressurize fluids, guard vehicle engine parts against frictional wear and overheating by oiling at the right pressures. Consequently, this elevates the adoption rate of vehicle manufacturing, thereby heightening the need for the automobile oil pump industry. For example, in May 2024, as per the International Energy Agency (IEA), an autonomous intergovernmental group based in France, there was an escalated demand for SUVs from 14.21 million units in 2022 to 16.03 million units in 2023, indicating a notable growth of 12.8% year over year. Thus, the rising acceptance of electric cars is fueling the development of the automotive oil pump industry.
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What Long-Term Trends Will Define the Future of the Automotive Oil Pump Market?
The rise of technological progress is a key trend catching traction in the automotive oil pump marketplace. Leading firms in the sector are prioritising the creation of new products to maintain their market stature. As an example, Toyoda Gosei Co. Ltd., a Japanese enterprise specializing in the production of rubber and plastic automotive parts, released a new, lightweight oil pump in January 2022. This pump incorporates exact plastic molding methodologies, one of their foundational technologies, for the production of gears and other components. This innovation allows reducing the mass of the oil pump by approximately 30%.
Which Segments in the Automotive Oil Pump Market Offer the Most Profit Potential?
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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Which Firms Dominate the Automotive Oil Pump Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Automotive Oil Pump Market?
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
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