Automotive Electric Oil Pump Market - Snapshot
Automotive electric oil pumps are predominantly used to pump coolant and lubricant oil efficiently and effectively inside various vehicle systems, such as transmission, engine, and brakes, of an automobile. Insufficiency in lubrication is likely to create problems in vehicle components, such as wear & tear and friction. This, in turn, is expected to hamper the performance of systems, such as transmission, engine, and braking system, and cause harm to the interior components of the systems, which leads to heavy loss. Therefore, level of coolant and lubricating oil is maintained in the vehicle in order to circulate them at high pressure for effective and better working of transmission system, engine, and braking system parts. Usage of automotive electric oil pump varies according to the type of application and type of vehicle, such as an off-road vehicle, a heavy commercial vehicle, or a normal passenger car. The performance of transmission system, braking system, and performance or fuel efficiency of an engine directly depends on the operation of the electric oil pump.
An electric oil pump is an oil pump driven by an electric motor and is used to maintain oil pressure and lubricate the automobile components during engine stop of stop-start vehicles. Electric oil pumps are needed for hybrid electric vehicles and vehicles with idling start-stop system. These pumps, which are able to supply oil even when the engine is switched off, are characterized by high voltage, high oil-pressure, and high flow rate. The pumps themselves are internal gear pumps with an improved bearing construction, designed to minimize torque loss. They also produce minimal noise and vibration due to reduced gear vibration. These are factors drive the automotive electric oil pump market.
The engine oil pump segment held a major share of the market in 2017, owing to rising concerns about the environment and carbon emission and high penetration of these pumps in hybrid electric vehicles since the production of hybrid electric vehicle was high in 2017. The market share held by the engine oil pump segment is projected to decline during the forecast period, owing to the increasing production of battery electric vehicles, in which the engine is replaced by battery and motors. However, the transmission system and braking system are likely to remain prominent components in electric vehicles. Hence, transmission oil pump and braking oil pump segments are expected to expand at a higher growth rate during the forecast period. Introduction of hub motor in electric vehicles is expected to replace the transmission unit and braking system, as hub motors have the transmission system integrated with braking unit directly in the hub. Increasing adoption of hub motors is likely to hamper the transmission electric oil pump segment during the forecast period.
Governments across the globe are providing incentives to purchase battery electric vehicles in order to curb vehicle emissions and comply with the norms set by various regulatory bodies. This, in turn, is boosting the battery electric vehicle segment of the market.
Demand for commercial vehicles is estimated to increase due to the expansion of the construction sector, geographical area of city due to growth in IT hubs, and rapid industrialization in Asia Pacific. Propagation of procedure subcontracting and connected administrations in Asia Pacific has boosted the travel demand for several employees, who are transported through vans and small/medium buses, which in turn is driving the demand for light commercial vehicles.
In terms of volume, the OEM segment is likely to lead the market, as more number of electric oil pump units are produced per year, which is directly fit into the vehicle. It is backed by low labour expenses and steady economies that helps in localizing the manufacturing units for key OEMs, which is likely to eliminate heavy import duty taxes. Cost of one unit of electric oil pump is less for OEM, considering the deals between OEM and component supplier, incentives provided to OEMs, and lesser production cost as the production for OEMs is undertaken at a mass level. In terms of revenue, aftermarket is the leading sales channel segment due to higher price of automotive electric oil pump in the aftermarket.
Asia Pacific is a leading market for the automotive electric oil pump, globally, owing to more production of electric vehicles, governments’ norms boosting the production of electric vehicles, and presence of developed economies such as China, Japan, and South Korea, in the region. Infrastructural development and increasing demand for efficient and environmentally acceptable vehicles in developing countries, such as China and India, are likely to drive the automotive electric oil pump market in Asia Pacific during the forecast period. This is primarily attributed to the rise in urbanization in countries and technological advancements in the lubrication system in vehicles. Asia Pacific is followed by Europe, owing to high production of electric vehicles especially in the Nordic region.
Major players operating in the global automotive electric oil pump market include FTE automotive, Hitachi Automotive, Rheinmetall Automotive AG, Johnson Electric, Nidec Corporation, Mitsubishi Electric, Mikuni American Corporation, Magna International, HUSCO Automotive, LLC, MAHLE Group, Delphi Automotive PLC., Robert Bosch GmbH, DENSO CORPORATION, ZF Friedrichshafen AG, AISIN SEIKI, and SHW AG.
Automotive Electric Oil Pump Market - Overview
This report analyzes and forecasts the market for automotive electric oil pump at the global and regional level. The market has been forecast based on value (US$ Mn) and volume (million units) from 2018 to 2026. The study includes drivers and restraints of the global automotive electric oil pump market. It also covers the impact of these drivers and restraints on the demand for automotive electric oil pump during the forecast period. The report also highlights opportunities in the automotive electric oil pump market at the global and regional level.
The report comprises a detailed price trend analysis, government regulatory scenarios, value chain analysis, which provides a comprehensive view of the global automotive electric oil pump market. The Porter’s Five Forces model for the automotive electric oil pump market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global automotive electric oil pump market for vehicles, by segmenting it in terms of electric vehicle type, application, vehicle type, sales channel, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive electric oil pump in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.
The study includes company profiles of major players operating in the global market. Key players in the automotive electric oil pump market include FTE automotive, Hitachi Automotive, Rheinmetall Automotive AG, Johnson Electric, Nidec Corporation, Mitsubishi Electric, Mikuni American Corporation, Magna International, HUSCO Automotive, LLC, MAHLE Group, Delphi Automotive PLC., Robert Bosch GmbH, DENSO CORPORATION, ZF Friedrichshafen AG, AISIN SEIKI, and SHW AG. Market players have been profiled in terms of attributes such as competitive landscape, manufacturing footprint, company overview, financial overview, business strategies, and recent developments. The market for automotive electric oil pump is primarily driven by the rising demand for eco-friendly vehicles.
The report provides the estimated market size of automotive electric oil pump for 2017 and forecast for the next nine years. The global market size of automotive electric oil pump has been provided in terms of revenue and volume. Market numbers have been estimated based on key application, electric vehicle type, vehicle type, sales channel, and regional segments of the automotive electric oil pump market. Market size and forecast for each major application and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, revenue share for particular business segment, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The global automotive electric oil pump market has been segmented into:
Automotive Electric Oil Pump Market, by Application
- Transmission Oil Pump
- Engine Oil Pump
- Brake Oil Pump
Automotive Electric Oil Pump Market, by Electric Vehicle Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Automotive Electric Oil Pump Market, by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Automotive Electric Oil Pump Market, by Sales Channel
Automotive Electric Oil Pump Market, by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa