Press release
Automotive Oil Pump Market Size Forecast: $24.45 Billion by 2029 | Global Outlook
Automotive Oil Pump
What Is the Projected Market Size Valuation of the Automotive Oil Pump Market by 2025?
In previous years, the market size for automotive oil pumps has seen a consistent increase. An upsurge from $18.78 billion in 2024 to $19.5 billion in 2025 is anticipated, with a compound annual growth rate (CAGR) of 3.8%. The historical growth pattern can be credited to demands for engine proficiency, compliance with emission standards, advancements in materials and manufacturing, efforts towards reducing vehicle weight, and a globally augmented automotive production.
What Is the Estimated Market Growth Value for the Automotive Oil Pump Industry in 2029?
In the coming years, the automotive oil pump market is set to experience robust growth. The market is projected to reach $24.45 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this anticipated growth during the forecast period include the integration of cooling systems, tighter fuel economy regulations, an emphasis on electric powertrains, supply chain resilience, and the trends in electric vehicles. The forecast period is also likely to see major trends such as the inclusion of sensors and smart technologies, the use of lightweight materials, optimization of design, the implementation of cutting-edge manufacturing techniques, hybrid and electric vehicle trends, and improvements in efficiency.
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What Are the Growth Drivers and Opportunities in the Automotive Oil Pump Market?
The automotive oil pump market is anticipated to experience growth due to the accelerated rise in vehicle production. Producing motor vehicles involves the creation of automobiles and lightweight trucks or utility vehicles. The oil pumps used in automobiles pressurize fluids and defend the vehicle's engine parts against overheating and frictional wear by providing lubricating oil at necessary pressures. As a result, it increases vehicle production adoption and subsequently augments the demand for the automotive oil pump market. For example, in May 2024, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, noted an increase in SUV demand from 14.21 million units in 2022 to 16.03 million units in 2023. This represents a substantial year-over-year growth of 12.8%. Hence the growth of the automotive oil pump market is propelled by the rising popularity of electric vehicles.
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What Are the Primary Segments Covered in the Global Automotive Oil Pump Market Report?
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
What Are the Top Growth Trends in the Automotive Oil Pump Market?
One significant trend gaining traction in the automotive oil pump industry is technological breakthroughs. To secure their market foothold, leading firms focus on designing innovative products. For example, Toyoda Gosei Co. Ltd., a Japan-originated manufacturer of rubber and plastic auto parts, introduced a more lightweight oil pump in January 2022. By integrating precision plastic moulding technology - a core innovation - into the manufacturing process, gears and other components are now made of plastic. This change has led to a decrease in the oil pump's weight by approximately 30%.
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Which Companies Are Shaping the Future of the Automotive Oil Pump Market?
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 Region Holds the Largest Market Share in the Automotive Oil Pump Industry?
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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