Global Automotive Oil Pump Market Segments 2024, Forecast To 2033
5 Mar, 2024
The automotive oil pump market has shown robust growth, increasing from $17.99 billion in 2023 to $19.05 billion in 2024, reflecting a 5.9% CAGR. The historical growth is linked to engine efficiency demands, compliance with emission standards, advances in material and manufacturing, vehicle weight reduction, and the overall growth in global automotive production. The forecast predicts strong growth to $23.87 billion in 2028, attributed to the integration of cooling systems, stricter fuel economy standards, an increased focus on electric powertrains, supply chain resilience, and electric vehicle trends. Key trends include the integration of sensors and smart technologies, lightweight materials, design optimization, the adoption of advanced manufacturing techniques, and hybrid and electric vehicle trends.
Global Automotive Oil Pump Market Key Driver
The automotive oil pump market is set to grow with the rapid increase in vehicle production. The global production of motor vehicles increased by 1.3%, reaching 79.1 million units in 2021. Electric vehicle purchases also surged by 50%, contributing to the automotive oil pump market's growth.
Get A Free Sample Of The Global Automotive Oil Pump Market ReportGlobal Automotive Oil Pump Market Segments
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), Aftermarket
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the automotive oil pump market in 2023. The regions covered in the automotive oil pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Oil Pump Industry Players
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
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AIOps Automotive Oil Pump Market Overview
An automotive oil pump is a mechanical device that circulates oil to the moving elements of an engine, such as the bearings, camshafts, and pistons, to reduce wear and tear. This is used to circulate oil for engine lubrication and increase oil pressure in the lubrication system. It produces the pressure that propels oil through the engine's chambers and passageways.
Automotive Oil Pump Global Market Report 2023 provides data on the global automotive oil pump market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive oil pump market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.