The Global Automotive Oil Pump Market report by DataGuru Research Partners offers comprehensive insights into industry trends, growth drivers, and market forecasts for 2022-2031. Analyzing global and regional data, this report covers key segments including fuel type, vehicle type, and sales channels. Discover the latest technology advancements in oil pumps like smart and variable displacement pumps, regional market dynamics, and profiles of major players such as Aisin Seiki Co., DENSO Corporation, and Robert Bosch GmbH.
Market Overview
The Global Automotive Oil Pump Market was valued at USD 8.7 Billion in 2023 and is estimated to reach at USD 12.5 Billion in 2031 growing at a CAGR of 4.6% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Fuel Type, Sales Channel, Vehicle Type, and Region.
Market Dynamics:
Below are the factors impacting the growth of Automotive Oil Pump Market:
- Vehicle Production and Sales
- Increasing Vehicle Production: Higher production rates of passenger, commercial, and electric vehicles drive demand for oil pumps.
- Rising Vehicle Sales: Growth in global vehicle sales, particularly in emerging markets, boosts the need for oil pumps in new vehicles.
- Technological Advancements
- Innovation in Oil Pump Technologies: Advances such as smart oil pumps, variable displacement pumps, and high-pressure pumps enhance performance and efficiency, driving market growth.
- Integration with Advanced Engine Technologies: The adoption of new engine technologies and configurations (e.g., turbocharging, hybrid powertrains) requires updated oil pump solutions.
- Growing Vehicle Maintenance and Aftermarket Demand
- Increased Vehicle Ownership: A growing number of vehicles on the road leads to higher demand for replacement and maintenance parts, including oil pumps.
- Aftermarket Services: The expansion of the aftermarket sector and the need for replacement oil pumps contribute to market growth.
Regional Analysis
Based on region, Global Automotive Oil Pump Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key country covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.
Competition Landscape
The report covers company profiles and competition analysis of major players operating under Global Automotive Oil Pump Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Automotive Oil Pump Market are Aisin Seiki Co., Ltd., Concentric AB, Delphi Automotive LLP, DENSO Corporation, HELLA KGaA Hueck & Co., Hitachi Automotive Systems, Ltd., Johnson Electric Holdings Limited, Robert Bosch GmbH, SHW Group, and ZF TRW Automotive Holdings Corp.
Market Segmentation
The Global Automotive Oil Pump Market can be segmented on the basis of Fuel Type, Sales Channel, Vehicle Type, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.
Global Automotive Oil Pump Market Scope:
Global Automotive Oil Pump Market | |||
Base Year | 2023 | Historical Year | 2022 |
Forecast Period | 2024-2031 | CAGR (2024-2031) | 4.60% |
Market Size in 2023 | USD 8.7 Billion | Market Size in 2031 | USD 12.5 Billion |
Segments Covered | By Fuel Type | • Gasoline | |
• Diesel | |||
• Hybrid | |||
By Sales Channel | • OEMs | ||
• Aftermarket | |||
By Vehicle Type | • Passenger Car | ||
• Light Commercial Vehicle | |||
• Heavy Commercial Vehicle |
Global Automotive Oil Pump Market, By Region and Countries:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South East Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
Reason to Purchase the Report:
- Latest trends in the market
- In depth market segmentation and cross regional / country analysis
- Market dynamics analysis including drivers, restraints and opportunities in the market
- Market sizing and segment analysis
- Competition Analysis including profiling of key market players
- Market share analysis and key strategies adopted by key players
- Recent developments and technological advancement by key players in the market
- Key takeaways from the research findings to take strategic decision in business needs