Wilmington, Delaware, United States, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global automotive mechanical oil pump market was worth US$ 17.3 billion in 2022. A CAGR of 2.0% is expected from 2023 to 2031, reaching US$ 20.7 billion by 2031. Internal combustion engines may become less important with the automobile industry moving toward electric and hybrid vehicles. Developing powertrain technologies will require adapting electric pumps and other creative solutions for lubrication.
The automobile industry will likely continue to focus on improving fuel efficiency and reducing emissions to comply with strict environmental requirements. As a result of this focus on sustainability, sophisticated lubrication systems, which rely heavily on mechanical oil pumps, will be created. Providing higher levels of control, efficiency, and precision will contribute to achieving fuel economy and pollution reduction targets in the future.
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Vehicles with smart and connected features are becoming increasingly popular in the automotive industry. This technological integration will include parts such as mechanical oil pumps. A smart sensor or connection element may be incorporated into the oil pump design to provide real-time lubrication state monitoring and predictive maintenance. Integrating data-driven, intelligent solutions into systems can improve system performance and dependability.
Key Findings of the Market Report
- In 2022, wet sump lubrication held the largest global market share in revenue and volume.
- The Asia Pacific region dominated the global automotive mechanical oil pump market in 2022.
- By 2022, engine oil pumps were the most popular automotive mechanical oil pumps.
- Increasing passenger vehicle sales will drive demand for automotive mechanical oil pumps.
- A market for automotive mechanical oil pumps is expected to develop through OEM sales channels.
Global Automotive Mechanical Oil Pump Market: Growth Drivers
- Increasing vehicle production and sales and tighter emission regulations demand mechanical oil pumps to maintain engine performance and efficiency. ongoing technological development in the field of automotive engineering. Automakers are always trying to improve automobiles' overall performance and fuel economy.
- A greater focus on innovation has led to lubrication efficiency improvements, lower friction, and greater control over oil flow in mechanical oil pumps. Due to these advancements, the market for high-performance, low-impact vehicles is expected to grow.
- The market for automotive mechanical oil pumps is expanding due to growing awareness of and emphasis on sustainability and energy efficiency. Governments worldwide enforce stringent emission and fuel efficiency standards to address environmental concerns.
- Mechanical oil pumps, vital components of engine lubrication systems, achieve regulatory compliance goals. The automotive industry is increasing its efforts to develop environmentally friendly solutions by creating mechanical oil pumps that reduce pollution and fuel consumption.
Global Automotive Mechanical Oil Pump Market: Regional Landscape
- Asia Pacific is expected to drive demand for automotive mechanical oil pumps. Developing regions are experiencing a surge in automotive ownership, which increases the demand for reliable and efficient mechanical oil pumps. China, India, and Japan are among the fastest-growing automobile markets in the Asia Pacific.
- Automobile production and sales in the region benefit the automotive mechanical oil pump market. Lubrication systems that are reliable and effective, like mechanical oil pumps, are essential for servicing the region's cars.
- Several Asia Pacific nations are imposing stricter emission regulations to improve air quality and resolve environmental problems. Due to governmental regulations, automotive manufacturers use innovative technologies that improve fuel efficiency and minimize emissions.
- Mechanical oil pumps help to achieve these goals by reducing friction, increasing overall efficiency, and optimizing engine lubrication. Therefore, Asia Pacific automotive mechanical oil pumps must meet or exceed these strict emission regulations to meet this growing demand.
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Global Automotive Mechanical Oil Pump Market: Key Players
Many manufacturers and major companies are present in the global automotive mechanical oil pump market as they can drive growth by introducing newer technologies and consistently changing their business strategies. Major strategies key players adopt include expanding product portfolios, and mergers and acquisitions.
- BorgWarner Inc.
- DENSO CORPORATION
- FTE automotive
- HUSCO Automotive LLC
- Johnson Electric
- Magna International Inc.
- MAHLE Group
- Mikuni American Corporation
- Mitsubishi Electric
- Nidec Corporation
- Rheinmetall Automotive AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- AISIN SEIKI
- Hitachi Astemo
- TBK Co. Ltd.
- Jatco
- KYB
- NACHI-FUJIKOSHI
- Concentric AB
- SHW Germany
- Stackpole
- Wanliyang China
- Vitesco Technologies Group
- Other Key Players
Key Developments
- In December 2022, BorgWarner Inc.'s Delphi Technologies enhanced its Sparta fuel pump line with 21 specialist parts and 142 main parts. As part of AAPEX 2022, Delphi Technologies debuted Sparta, a line of vehicles designed primarily for older and high-mileage vehicles. Sparta expanded its service line to 347,000 households in Canada and 4.9 million households in the United States. The products include sending fuel tank units, filters, mechanical and electric pumps, and check valves for fuel pumps.
- In August 2023, Nidec Power Train Systems Corporation released an electric oil pump for automotive CVTs (continuously variable transmissions). An engine-driven mechanical oil pump is attached to this latest product to support a vehicle's CVT system in the idling-stop mode.
Global Automotive Mechanical Oil Pump Market: Segmentation
By Type
- Transmission Oil Pump
- Engine Oil Pump
- Brake Oil Pump
By Lubrication System
- Wet Sump Lubrication
- Dry Sump Lubrication
By Vehicle Type
- Passenger Vehicles
- Hatchback
- Sedan
- Utility Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Buses & Coaches
- Off-road Vehicles
By Displacement Type
- Fixed Displacement
- Variable Displacement
By Propulsion Type
- Diesel
- Gasoline
By Sales Channel
- OEM
- OES
- Aftermarket
By Discharge Type
- Gear Pump
- Gerotor
- Vane Pump
- Others (Plunger Pumps, Etc.)
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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