Automotive Oil Pump Market By Application, By Lubrication System, By Displacement Type, By Vehicle Type, By Propulsion Type, By Discharge Type, By Sales Channel - Growth, Share, Opportunities & Competitive Analysis, 2024 - 2032

13 Mar 2024 Format PDF icon PPT icon XLS icon Request Sample

The automotive oil pump market is expected to grow at a CAGR of 4.8% during the forecast period of 2024 to 2032, driven by the rising demand for fuel efficiency, the growing embrace of electric vehicles, and continuous technological advancements in lubrication systems. However, challenges in electric oil pump integration pose hurdles that necessitate ongoing efforts to address technical complexities. The segmentation analysis underscores the diverse applications and lubrication systems within the automotive oil pump market, with variations in revenue and CAGR across types, applications, and geographic regions. As top players continue to navigate the competitive landscape, the automotive oil pump market is poised for sustained growth, building on the foundation established in 2023 and adapting to the evolving needs of the automotive industry worldwide.

Rising Demand for Fuel Efficiency

The automotive oil pump market is propelled by the escalating demand for fuel efficiency in vehicles. Stringent emission regulations and a growing focus on sustainability are driving automotive manufacturers to adopt technologies that enhance fuel efficiency. Companies like Aisin Seiki and Delphi Technologies are witnessing increased demand for their electric oil pumps, which contribute to fuel efficiency by optimizing oil flow and reducing parasitic losses. The evidence suggests a global trend where automotive OEMs are prioritizing fuel-efficient solutions, with electric oil pumps emerging as a key technology to achieve these objectives.

Growing Embrace of Electric Vehicles

The market is experiencing significant growth due to the growing embrace of electric vehicles (EVs). Companies such as Robert Bosch and Magna International are at the forefront of providing automotive oil pump solutions tailored for electric powertrains. The evidence supports the global shift towards electric mobility, with major automakers committing to the development and production of electric vehicles. As EVs become more prevalent, the demand for electric oil pumps, which play a crucial role in the lubrication and cooling of electric powertrains, is expected to rise substantially, driving the overall growth of the automotive oil pump market.

Automotive Oil Pump Market

Technological Advancements in Lubrication Systems

The automotive oil pump market is witnessing substantial growth due to continuous technological advancements in lubrication systems. Companies like Denso Corporation and Johnson Electric are investing in research and development to enhance the performance of mechanical oil pumps, particularly in wet sump lubrication systems. The evidence indicates a trend towards advanced lubrication solutions that offer better oil distribution, reduced friction, and improved cooling, contributing to the overall efficiency and longevity of internal combustion engines. These technological advancements position lubrication systems as a key driver shaping the future of the automotive oil pump market.

Challenges in Electric Oil Pump Integration

While the automotive oil pump market is experiencing growth, it faces a significant restraint related to challenges in electric oil pump integration. The evidence suggests that the integration of electric oil pumps into traditional internal combustion engines and hybrid powertrains poses technical challenges. Companies such as ACDelco and Hitachi Automotive Systems are actively working to overcome these challenges, including issues related to power consumption, heat dissipation, and system complexity. Addressing these challenges is crucial to ensure the seamless integration of electric oil pumps across a wide range of vehicle platforms and drive systems.

Market Analysis by Application: Mechanical Oil Pump Segment Dominates the Market

The automotive oil pump market is segmented based on applications, including electric oil pumps and mechanical oil pumps. In 2023, the highest revenue was observed in the mechanical oil pump segment, reflecting the continued dominance of traditional internal combustion engines. Simultaneously, the highest Compound Annual Growth Rate (CAGR) from 2024 to 2032 is expected in the electric oil pump segment, indicating the growing adoption of electric powertrains in the automotive industry.

Market Analysis by Lubrication System:  Wet Sump Lubrication Segment Dominates the Market

The market is segmented based on lubrication systems, including wet sump lubrication and dry sump lubrication. In 2023, the highest revenue was generated from the wet-sump lubrication segment, which is commonly utilized in traditional internal combustion engines. However, the highest CAGR during the forecast period is anticipated in the dry-sump lubrication segment, reflecting advancements in lubrication technology and its adoption in high-performance and sports vehicles.

North America Dominates the Market

Geographically, the automotive oil pump market exhibits diverse trends, with variations in CAGR and revenue percentages. Asia-Pacific emerges as the region with the highest CAGR, driven by the rapid growth of the automotive industry, particularly in emerging economies like China and India. In contrast, North America holds the highest revenue percentage in 2023, underscoring the mature market in this region. These geographic trends highlight the global nature of the automotive oil pump market and its adaptability to different regional demands.

Market Competition to Intensify during the Forecast Period

The automotive oil pump market is marked by intense competition, with top players such as Aisin Seiki, Delphi Technologies, Robert Bosch, Magna International, Denso Corporation, Johnson Electric, ACDelco, Hitachi Automotive Systems, BorgWarner Inc., FTE automotive, HUSCO Automotive, LLC,  Mahle Group, Mikuni American Corporation, Mitsubishi Electric, Nidec Corporation, Rheinmetall Automotive AG, ZF Friedrichshafen AG, Ixetic, Jatco, KYB, Nachi-Fujikoshi, RBAS (PTS), SHW Germany, Stackpole, Wanliyang China, and ZF-TRW. These companies employ diverse strategies, including continuous product innovation, strategic collaborations, and global market expansion. In 2023, these key players collectively dominated the market, with substantial revenues. Over the forecast period from 2024 to 2032, they are expected to continue their market leadership, driven by a commitment to advancing technology and addressing evolving automotive industry needs.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Oil Pump market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Automotive Oil Pump market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • Electric Oil Pump
    •     Transmission Oil Pump
    •     Engine Oil Pump
    •     Brake Oil Pump
  • Mechanical Oil Pump
    •     Transmission Oil Pump
    •     Engine Oil Pump
    •     Brake Oil Pump

Lubrication System
  • Wet Sump Lubrication
  • Dry Sump Lubrication

Displacement Type
  • Fixed Displacement
  • Variable Displacement

Vehicle Type
  • Passenger Vehicles
    •     Hatchback
    •     Sedan
    •     Utility Vehicle
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Buses & Coaches
  • Off-road Vehicles

Propulsion Type
  • IC Engine
    •     Diesel
    •     Gasoline
  • Electric
    •     Battery Electric Vehicle (BEV)
    •     Hybrid Electric Vehicle (HEV)
    •     Plug-in Hybrid Electric Vehicle (PHEV)

Discharge Type
  • Gear Pump
  • Gerotor
  • Vane Pump
  • Others (Plunger Pumps, Etc.)

Sales Channel
  • OEM
  • Aftermarket

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Automotive Oil Pump market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Automotive Oil Pump market?
  • Which is the largest regional market for Automotive Oil Pump market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Automotive Oil Pump market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Oil Pump market worldwide?
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