The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rapid increase in vehicle production is likely to spur innovation in automotive oil pump manufacture, propelling the market throughout the forecast period.

The global automotive oil pump market 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 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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Global Automotive Oil Pump Market Segments Include:

• By Discharge Type: Gear Pump, Gerotor, Vane Pump, Other Discharge Type (Plunger pumps)
• By Displacement Type: Fixed Displacement, Variable Displacement
• By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses And Coaches, Off-Road Vehicles
• By Lubrication System: Wet Sump Lubrication, Dry Sump Lubrication
• By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive oil pump market in 2021.

Major Market Players in the automotive oil pump market include Denso Corporation, FTE Automotive, Johnson Electric Holdings Limited., Magna International Inc., Nidec Corporation, Rheinmetall AG, Aisin, ZF Friedrichshafen AG, Hitachi Astemo Americas Inc.

Technological developments are a major trend that is gaining traction in the automotive oil pump industry. To maintain their market position, major businesses in the automobile oil pump industry are focusing on producing innovative products. For example, Toyoda Gosei Co. Ltd., a Japanese maker of rubber and plastic car components, introduced a lighter-weight oil pump in January 2022. This oil pump incorporates precision plastic moulding technology, one of the core technologies, to build gears and other oil pump components out of plastic, reducing the weight of the oil pump by approximately 30%.

The Automotive Oil Pump Global Market Report 2023  provides a automotive oil pump market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive oil pump market forecast analyzes automotive oil pump market size, automotive oil pump market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An automotive oil pump is a mechanical device that distributes oil to engine moving parts such bearings, camshafts, and pistons to prevent wear and tear. This is used to circulate engine oil and raise oil pressure in the lubrication system. It generates the pressure required to drive oil through the engine’s chambers and passageways.

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