Global Oil Pump for Automotive Market Research Report 2022

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.
Market Analysis and Insights: Global Oil Pump for Automotive Market
Due to the COVID-19 pandemic, the global Oil Pump for Automotive market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Electric Oil Pump accounting for % of the Oil Pump for Automotive global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.
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, 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 for Automotive Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Oil Pump for Automotive Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Electric Oil Pump
Mechanical Oil Pump
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
Bosch
Denso
Aisin Seiki
Delphi Automotive
Johnson Electric
TRW Automotive
Magna International
FTE Automotive
Mitsuba
Mikuni
Rheinmetall Automotive
MAHLE
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina