Oil Pump Market for Automotive Industry – Snapshot

Oil pump for automotive are primarily utilized to pump lubricating and cooling oil within the engine of a vehicle. An oil pump is imperative to lubricate the internal components, namely, pistons, camshaft, bearings, and crankshaft, among others. Lack of lubrication leads to friction and wear & tear, which in turn is likely to cease the engine and cause damage to the internal components thereby leading to incur heavy loss. Hence, lubricating oil is circulated at high pressure for better and effective functioning of engine parts. Oil pump for automotive are vary in accordance with the usage of the automobile, such as an off-road vehicle, a normal passenger car, or a heavy commercial vehicle. The fuel efficiency and performance of engine is directly proportional to the proper functioning of the oil pump for automotive.

Increased demand for passenger vehicles across the globe is considered to be one of the primary factors propelling the demand for oil pump for automotive market. Rising urbanization in different countries has been attributed toward the increase in overall vehicle miles driven globally, by approximately 2% to 4%, in recent years. This, in turn, has propelled the usage of passenger cars significantly, which is anticipated to propel the demand for oil pump for automotive market in the near future. The automotive industry in Asia witnessed significant growth due to increase per capita income, easy availability of finance, and declining car loan/ bank interest rates. Supported by stable economies and low labour overheads that have entailed in localizing the manufacturing facilities for major OEMs, thereby eliminating large chunks of import duty taxes. Reduced vehicle prices have enhanced the size of total addressable end user market, favouring the mid income group population, which is coupled with better customizable finance options and high disposable income.

global oil pump automotive market

Oil pump for automotive is used to circulate the lubricant with variable pressures over the complete assembly of automotive engine. As a resultant, the life span of engine components is likely to increase by approximately one to two years. These beneficial properties of the oil pump system can harness better market demand especially for the IC engines, PHEV and HEVs. The global oil pump for automotive market is expected to grow at a CAGR of more than 3.5% during the forecast period, 2018 – 2026.

The gear pump segment is estimated to hold the maximum share in 2017. Gear pump is an old tried and proven technology with low manufacturing cost that witnesses significant penetration in the passenger vehicles.

Passenger vehicle and commercial vehicle elucidates the vehicle type segmentation. Demand for commercial vehicles is anticipated to rise during the forecast period due to rapid industrialization and expansion of the construction industry in Asia Pacific. Proliferation of process outsourcing and related organizations in  Asia Pacific  have raised the demand for travel for umpteen employees, which is catered through light commercial vehicles (Vans and Small/Medium Buses), thereby driving the demand for LCVs.

Some of the prominent regions taken into analysis for oil pump for automotive market are inclusive North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The analysis based on the region is done on the basis of the production trend, political reforms, and regulation changes. Asia Pacific and Latin America show tremendous growth in automobile sector over the past few years because of emerging economic conditions, increasing per capita income, easy availability of finance, decreasing interest loan.

Key operating players in the oil pump for automotive market are expected to benefit from the formation of strategic alliances with global players in the differential market. The market is burgeoned with some of the key players that have strong global presence and firm establishments which are equally coupled with wide product portfolio. Prominent players in the differential market are Robert Bosch GmbH, Denso Corporation, Aisin Seiki Co. Ltd., Delphi Automotive, Johnson Electric, Magna International, MAHLE GmbH, and Rheinmetall Automotive. For expanding business globally companies are focusing on merger and acquisitions with the regional automotive differential manufacturers. Robert Bosch GmbH is one of the major manufacturers and has expertise in manufacturing of mechanical oil pump. Despite of holding a small share as compared to other major manufacturers Robert Bosch GmbH holds a prominent position in the oil pump for automotive market for vehicles.

Oil Pump Market for Automotive Industry: Overview

This report analyzes and forecasts the market for oil pump for automotive at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Million Units) from 2018 to 2026. The study includes drivers and restraints of the global oil pump for automotive market. It also covers the impact of these drivers and restraints on demand for oil pump for automotive during the forecast period. The report also highlights opportunities in the oil pump for automotive market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global oil pump for automotive market. Porter’s Five Forces model for the oil pump for automotive 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.

Oil Pump Market for Automotive Industry: Segmentation

The study provides a decisive view of the global oil pump for automotive by segmenting it in terms of displacement, pump type, lubrication system, discharge type, vehicle, sales, channel and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for oil pump for automotive market 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 profiles of major companies operating in the global oil pump for automotive market. Key players in the differential market for automotive include Robert Bosch GmbH, Denso Corporation, Aisin Seiki Co. Ltd., Delphi Automotive, Johnson Electric, TRW Automotive, Magna International, FTE automotive, Mitsuba Corp., Mikuni Corporation, Rheinmetall Automotive, MAHLE GmbH and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, Competition Matrix,    Product Mapping, Manufacturing Footprint, Key executive changes. The market for oil pump for automotive is primarily driven by rising demand for eco-friendly vehicles.

The report provides the estimated market size of oil pump for automotive market for 2017 and forecast for the next nine years. The global market size of oil pump for automotive has been provided in terms of revenue and volume. Market numbers have been estimated based on key displacement type, pump type, lubrication system type, discharge type, vehicle type sales channel and regional segments of oil pump for automotive market. Market size and forecast for each major type 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, 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,  European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, Japan Automobile Manufacturers Association (JAMA), 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.

Oil Pump for Automotive Market has been segmented as follows:

  • Global Oil Pump for Automotive Market, by Displacement Type
    • Fixed Displacement Type
    • Variable Displacement Type
  • Global Oil Pump for Automotive Market, by Pump Type
    • Electric Oil Pump
    • Mechanical Oil Pump
  • Global Oil Pump for Automotive, by Lubrication System
    • Wet Sump Lubrication
    • Dry Sump Lubrication
  • Global Oil Pump for Automotive, by Discharge Type
    • Gear Pump
    • Gerotor
    • Vane Pump
    • Others
  • Global Oil Pump for Automotive, by Vehicle
    • Passenger Vehicle
    • Commercial Vehicle
  • Global Oil Pump for Automotive, by Sales Channel
    • OEM
    • Aftermarket
  • Global Oil Pump for Automotive Market for, By Region/Country/Sub-region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America