Global Automotive Oil Pump Market 2017-2021

Overview of the global automotive oil pump market

Technavio’s market research report predicts that the global automotive oil pump market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 4% by 2021. The low penetration of passenger cars in the developing countries will be one of the primary drivers for automotive oil pump market growth. The sales of automotive oil pumps is related to the growth of the passenger cars market since all passenger cars are equipped with automotive oil pumps. Compared to the other regions, the penetration of cars in APAC is low making it a favorable market for car manufacturers. It has been observed that during 2016, India had one of the lowest car penetrations in the world of about 15 cars per 1,000 people followed by China with a penetration rate of about 60 cars per 1,000 people and Brazil with 203 cars per 1,000 people. This reduced penetration of cars in the emerging countries provides several growth opportunities for car OEMs. This will propel the growth of the automotive industry especially in the emerging countries such as China, India, Brazil, South Korea, Indonesia, and parts of eastern Europe, in turn, driving the growth of the automotive oil pump market.

According to our automotive oil pump industry trends the rising popularity of fuel-efficient cars, will fuel the market growth. Owing to stringent vehicular emission norms, the auto manufacturers in developing countries are concentrating on producing fuel-efficient, lightweight, and compact vehicles. The vendors are also emphasizing on the mileage and the price of the vehicle. Due to the potential oil shortage and varied climatic changes, countries including Japan, China, and several European countries have already introduced stringent fuel economy standards. As a result, customers will start preferring fuel-efficient cars, inducing manufacturers to produce fast and fuel-efficient vehicles by decreasing the size of powertrains.

Competitive analysis and key vendors

The automotive oil pump market consists of few well-established vendors who are currently focusing on enhancing their customer base and increasing their R&D investments. The market is competitive and the vendor competition in the market will further intensify due to advancements in technology and stringent government regulations. Since the quality of materials used, designs, and cost are unique for each vendor, a few market players are also focusing on forming long-term collaborations with other manufacturers.

Key vendors in the market are:

• DENSO
• Robert Bosch
• AISIN SEIKI

Other prominent vendors include Johnson Electric, Magna International, Delphi Automotive, and Rheinmetall Automotive.

Segmentation by application and analysis of the automotive oil pump market

• Passenger cars
• M&HCVs
• LCVs

During 2016, the passenger cars segment dominated the automotive oil pump market and is expected to continue its dominance over the next four years. The decrease in unemployment, the low-interest rates, and the rising customer preference for fuel efficient engines, will drive the segment’s growth in this global market. 

Geographical segmentation and analysis of the automotive oil pump market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the majority of the market shares of the automotive oil pump market during 2016 and the region will continue its dominance during the forecast period as well. Factors such as the rise in disposable incomes and the launch of new car models by manufacturers, will drive the market’s growth prospects in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive oil pump market?
• What are the key market trends impacting the growth of the global automotive oil pump market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive oil pump market?
• What are the market opportunities and threats faced by the vendors in the global automotive oil pump market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive oil pump market?

Technavio also offers customization on reports based on specific client requirement.

Rising vehicle population, increasing execution of environmental regulations, and growing vehicle electrification are some of the factors that are predicted to drive the growth of the global automotive oil pump market over the next few years. Technavio’s reports for the automotive components industry comprises of a variety of fast-growing markets including wheels and tires and powertrain. Apart from providing information on other factors such as the evolution of the consumer preferences and challenges for the vendors in this market space, Technavio’s reports also detail out a considerable analysis of the demand and supply shifts and the competitive landscape of the automotive industry.

To accurately predict the growth of the automotive industry, market research experts at Technavio conform to a primary and secondary research technique and also carry out a study of various other factors such as technological advancements and the rise in the demand for various products globally. Our upcoming industry research report on the global automotive oil pump market for the forecast period 2017-2021 offers key insights procured from different reliable sources of data such as the manufacturers, the channel partners, regulatory bodies and the stakeholders.

This upcoming industry research report on the global automotive oil pump market takes into account the growth of related market such as motorcycle clutch, which is expected to grow at a CAGR of more than 7% by 2021. Technavio also offers customized reports to clients helping them succeed in the global automotive market. This upcoming industry research report on the global automotive oil pump market identifies the market drivers, future market trends and also presents insights into automotive electronics and automotive manufacturing.