Automotive Oil Pump Market Key Drivers, Trends, Growth, Outlook 2023-2032

The Automotive Oil Pump Global Market Report 2023, provides comprehensive information on the automotive oil pump market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Automotive Oil Pump Global Market Report 2023, the global automotive oil pumps market size is expected to grow from $17.27 billion in 2022 to $18.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive oil pumps market size is expected to reach $22.50 billion in 2027 at a CAGR of 5.3%.

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Technological advancements are a key trend gaining popularity in the automotive oil pump market. Major companies operating in the automotive oil pump market are focusing on developing new products to sustain their position in the market. For instance, in January 2022, Toyoda Gosei Co. Ltd., a Japan-based manufacturer of rubber and plastic automotive components, launched a lighter-weight oil pump. This oil pump includes precision plastic molding technology, one of the core technologies, to create gears and other oil pump components out of plastic which makes the oil pump’s weight to be reduced by around 30%.

The automotive oil pump market is segmented:

1) By Discharge Type: Gear Pump, Gerotor, Vane Pump, Other Discharge Type (Plunger pumps)
2) By Displacement Type: Fixed Displacement, Variable Displacement
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses And Coaches, Off-Road Vehicles
4) By Lubrication System: Wet Sump Lubrication, Dry Sump Lubrication
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket

Top Major Players:
Denso Corporation
FTE Automotive
Johnson Electric Holdings Limited
Magna International Inc
Nidec Corporation

Asia Pacific was the largest region in the automotive oil pump market in 2022.

The table of contents in TBRC’s automotive oil pump market report includes:

1. Executive Summary
2. Automotive Oil Pump Market Characteristics
3. Automotive Oil Pump Market Trends And Strategies
4. Automotive Oil Pump Market – Macro Economic Scenario
5. Automotive Oil Pump Market Size And Growth
…………………………………………………….
26. Africa Automotive Oil Pump Market
27. Automotive Oil Pump Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Oil Pump Market
29. Automotive Oil Pump Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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