Global Automotive Oil Pump Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Gear Pump, Gerotor Pump, Vane Pump, and Others.

By Application;

Passenger cars, LCVs and M&HCVs.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn037291679 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Oil Pump Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Oil Pump Market was valued at USD 16,623.67 million. The size of this market is expected to increase to USD 22,023.28 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The global automotive oil pump market is a vital segment within the automotive industry, playing a crucial role in maintaining the smooth operation of internal combustion engines. As engines operate, they require proper lubrication to minimize friction and wear on moving parts, ensuring optimal performance and longevity. Oil pumps serve as the heart of this lubrication system, responsible for circulating oil throughout the engine to critical components such as bearings, camshafts, and crankshafts.

In recent years, the automotive oil pump market has witnessed significant growth driven by several factors. Firstly, the burgeoning automotive industry, particularly in emerging economies, has led to an increased demand for vehicles equipped with efficient and reliable oil pump systems. Additionally, stringent emission regulations and fuel efficiency standards have prompted automotive manufacturers to develop advanced engine technologies, thereby driving the adoption of high-performance oil pumps designed to enhance overall engine efficiency.

The rising trend towards electric vehicles (EVs) and hybrid vehicles has spurred innovation in oil pump technology. While EVs themselves do not require traditional oil pumps, hybrid vehicles often incorporate internal combustion engines alongside electric powertrains, necessitating sophisticated oil pump solutions to meet the unique demands of these hybrid systems. As automakers continue to invest in electrification, the automotive oil pump market is expected to evolve further to cater to the changing landscape of the industry.

Advancements in materials and manufacturing processes have enabled the development of more lightweight and compact oil pumps without compromising performance. This trend aligns with the automotive industry's broader push towards lightweighting and downsizing to improve fuel efficiency and reduce emissions. Consequently, manufacturers are focusing on producing oil pumps that offer higher efficiency, lower power consumption, and reduced noise levels, thereby enhancing the overall driving experience while meeting stringent regulatory requirements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Oil Pump Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Engine efficiency demand increase
        2. Stringent emission regulations compliance
        3. Automotive industry growth expansion
        4. Rising vehicle production globally
        5. Technological advancements in pump design
      2. Restraints
        1. Volatility in raw material prices
        2. Fluctuating oil prices impact
        3. Complexities in pump manufacturing
        4. High initial investment requirements
        5. Supply chain disruptions vulnerability
      3. Opportunities
        1. Electric vehicle market penetration
        2. Growing aftermarket sales potential
        3. Focus on lightweight pump materials
        4. Emerging markets expansion prospects
        5. Adoption of smart pump systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Oil Pump Market , By Type, 2020- 2030 (USD Million)
      1. Gear Pump
      2. Gerotor Pump
      3. Vane Pump
      4. Others
    2. Global Automotive Oil Pump Market , By Application, 2020- 2030(USD Million)
      1. Passenger cars
      2. LCVs
      3. M&HCVs.
    3. Global Automotive Oil Pump Market , By Geography, 2020- 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch GmbH
      2. Aisin Seiki Co., Ltd
      3. Magna International Inc
      4. Delphi Technologies
      5. Johnson Electric Holdings Limited
      6. Denso Corporation
      7. SHW AG
      8. Mikuni Corporation
      9. Nidec Corporation
      10. Rheinmetall Automotive AG
  7. Analyst Views
  8. Future Outlook of the Market