Automotive Oil Pump Market Overview

The automotive oil pump market is an important segment of the automotive industry. An oil pump is a crucial component of the engine lubrication system, and its primary function is to supply oil to the engine’s moving parts. The oil pump maintains the oil pressure and flow rate required for the engine to operate effectively. The automotive oil pump market is a growing market due to the increasing demand for high-performance and fuel-efficient engines.

Meaning of Automotive Oil Pump

An automotive oil pump is a mechanical device that pumps oil from the oil pan to the engine’s moving parts. The oil pump maintains the required oil pressure and flow rate for the engine to function effectively. The oil pump is an essential component of the engine lubrication system, and without it, the engine would suffer from premature wear and tear.

Executive Summary

The global automotive oil pump market is projected to grow at a CAGR of 4.8% from 2021 to 2026. The increasing demand for high-performance and fuel-efficient engines is driving the growth of the automotive oil pump market. Asia-Pacific is expected to dominate the market during the forecast period, followed by North America and Europe. The market is highly competitive, with several major players dominating the market.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global automotive oil pump market is projected to reach $5.8 billion by 2026.
• The market is expected to grow at a CAGR of 4.8% from 2021 to 2026.
• Asia-Pacific is expected to dominate the market during the forecast period, followed by North America and Europe.
• The market is highly competitive, with several major players dominating the market.

Market Analysis

The global automotive oil pump market is a growing market due to the increasing demand for high-performance and fuel-efficient engines. The market is driven by factors such as increasing vehicle production, stringent emission norms, and the growing demand for electric vehicles. The market is also influenced by factors such as technological advancements in oil pumps and the increasing demand for lightweight and compact oil pumps.

Market Drivers

1. Increasing vehicle production: The increasing vehicle production across the globe is driving the demand for automotive oil pumps. The growing demand for passenger cars and commercial vehicles is increasing the demand for oil pumps.
2. Stringent emission norms: The stringent emission norms across the globe are driving the demand for fuel-efficient engines. The automotive industry is focusing on reducing emissions by improving the engine’s efficiency, which is driving the demand for oil pumps.
3. Growing demand for electric vehicles: The growing demand for electric vehicles is driving the demand for oil pumps. Electric vehicles also require oil pumps for lubrication purposes.

Market Restraints

1. High cost of advanced oil pumps: The high cost of advanced oil pumps is a major restraint for the market. The advanced oil pumps, which are more fuel-efficient and have a longer lifespan, are expensive, which limits their adoption.
2. Fluctuating oil prices: The fluctuating oil prices are a major restraint for the market. The price of oil affects the demand for oil pumps, as it affects the demand for vehicles.

Market Opportunities

1. Growing demand for hybrid vehicles: The growing demand for hybrid vehicles is creating opportunities for the automotive oil pump market. Hybrid vehicles require oil pumps for lubrication purposes.
2. Technological advancements in oil pumps: The technological advancements in oil pumps are creating opportunities for the market. The advanced oil pumps, which are more fuel-efficient and have a longer lifespan, are creating opportunities for the market.

Market Dynamics

The automotive oil pump market is highly competitive, with several major players dominating the market. The market is driven by factors such as increasing vehicle production, stringent emission norms, and the growing demand for electric vehicles. The market is also influenced by factors such as technological advancements

Regional Analysis

Asia-Pacific is expected to dominate the automotive oil pump market during the forecast period. The region has a high demand for passenger cars and commercial vehicles, which is driving the demand for oil pumps. The region is also a major producer of vehicles, which is contributing to the growth of the market. North America and Europe are also significant markets for automotive oil pumps, driven by the presence of major automotive manufacturers in these regions.

Competitive Landscape

Leading companies in the Automotive Oil Pump market:

1. MAHLE GmbH
2. Robert Bosch GmbH
3. Denso Corporation
4. Aisin Seiki Co., Ltd.
5. Hitachi Automotive Systems, Ltd.
6. Magna International Inc.
7. Delphi Technologies
8. Schaeffler AG
9. Johnson Electric Holdings Limited
10. SHW AG

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The automotive oil pump market can be segmented based on pump type, lubrication system, vehicle type, and geography.

Based on pump type, the market can be segmented into:

• Gear pump
• Vane pump
• Gerotor pump
• Others

Based on lubrication system, the market can be segmented into:

• Wet sump system
• Dry sump system

Based on vehicle type, the market can be segmented into:

• Passenger cars
• Commercial vehicles
• Electric vehicles

Category-wise Insights

The gear pump segment is expected to dominate the market during the forecast period. Gear pumps are widely used in automotive applications, and they are more reliable and efficient than other types of oil pumps. The wet sump system segment is expected to dominate the market, as it is the most commonly used lubrication system in automotive engines. The passenger car segment is expected to dominate the market, as passenger cars account for the majority of vehicle production.

Key Benefits for Industry Participants and Stakeholders

The key benefits for industry participants and stakeholders in the automotive oil pump market include:

• Increasing demand for high-performance and fuel-efficient engines
• Growing demand for electric vehicles
• Technological advancements in oil pumps
• Growing demand for hybrid vehicles
• Increasing vehicle production

SWOT Analysis

Strengths:

• Increasing demand for high-performance and fuel-efficient engines
• Growing demand for electric vehicles
• Technological advancements in oil pumps

Weaknesses:

• High cost of advanced oil pumps
• Fluctuating oil prices

Opportunities:

• Growing demand for hybrid vehicles
• Technological advancements in oil pumps

Threats:

• Stringent emission norms
• Intense competition

Market Key Trends

Some of the key trends in the automotive oil pump market include:

1. Growing demand for high-performance and fuel-efficient engines: The increasing demand for high-performance and fuel-efficient engines is driving the demand for advanced oil pumps.
2. Increasing demand for electric vehicles: The growing demand for electric vehicles is creating opportunities for the automotive oil pump market, as electric vehicles require oil pumps for lubrication purposes.
3. Technological advancements in oil pumps: The technological advancements in oil pumps, such as the development of variable displacement oil pumps, are creating opportunities for the market.

Covid-19 Impact

The Covid-19 pandemic had a significant impact on the automotive industry, including the automotive oil pump market. The pandemic led to a decline in vehicle production, which affected the demand for oil pumps. The pandemic also disrupted the supply chain, which resulted in a shortage of raw materials and components required for oil pump manufacturing. However, with the recovery of the automotive industry, the market is expected to witness significant growth in the post-pandemic period.

Key Industry Developments

Some of the key industry developments in the automotive oil pump market include:

1. Aisin Seiki Co., Ltd. announced the development of a high-efficiency oil pump that reduces fuel consumption and CO2 emissions.

2. Robert Bosch GmbH developed a variable displacement oil pump that reduces fuel consumption and CO2 emissions.
3. Magna International Inc. developed a lightweight oil pump that reduces the weight of the engine, leading to improved fuel efficiency.

Analyst Suggestions

Industry analysts suggest that the automotive oil pump market will continue to grow during the forecast period due to the increasing demand for high-performance and fuel-efficient engines. The analysts recommend that the market players should focus on technological advancements in oil pumps to meet the growing demand for fuel-efficient engines. The players should also focus on developing lightweight and compact oil pumps to meet the demand for electric vehicles.

Future Outlook

The global automotive oil pump market is expected to witness significant growth during the forecast period. The increasing demand for high-performance and fuel-efficient engines, the growing demand for electric vehicles, and the technological advancements in oil pumps are expected to drive the market’s growth. Asia-Pacific is expected to dominate the market during the forecast period, followed by North America and Europe.

Conclusion

The automotive oil pump market is an important segment of the automotive industry. The market is driven by factors such as increasing vehicle production, stringent emission norms, and the growing demand for electric vehicles. The market is highly competitive, with several major players dominating the market. The gear pump segment is expected to dominate the market during the forecast period. The future outlook for the market is positive, with the market expected to witness significant growth during the forecast period. The players in the market should focus on technological advancements and lightweight and compact oil pumps to meet the growing demand for fuel-efficient engines and electric vehicles.