Enjoy complimentary customisation on priority with our Enterprise License!
The Transmission Oil Pump Market size is forecast to increase by USD 2.92 billion, at a CAGR of 8.26% between 2023 and 2028. The accelerated growth of the market is due to various factors such as the high demand for transmission oil pumps from the automotive aftermarket industry and the incorporation of transmission oil pumps into vehicles for fuel efficiency|Increasing vehicle production.
For More Highlights About this Report, Download Free Sample in a Minute
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The incorporation of transmission oil pumps into vehicles for fuel efficiency is notably driving market growth. Transmission oil pumps play a critical role in circulating transmission fluid throughout the transmission system, ensuring proper lubrication and cooling of moving parts. Efficient fluid circulation is essential for reducing friction and energy losses within the transmission, thereby improving overall fuel efficiency. Such pumps are equipped with variable displacement technology, allowing them to adjust fluid flow rates based on driving conditions and vehicle demand. Variable displacement pumps can optimize fluid circulation to match engine load, vehicle speed, and other factors, resulting in improved fuel efficiency.
Moreover, with the rising awareness of environmental concerns and fuel costs, consumers are increasingly prioritizing fuel-efficient vehicles when making purchasing decisions. Automakers respond to consumer demand by incorporating fuel-saving technologies, such as automotive pumps with efficient oil pumps, into their vehicle lineup. Overall, the growing demand for fuel-efficient vehicles is a significant driver of increased demand for automotive pumps with advanced features and optimized performance, which may fuel the growth of the market during the forecast period.
Key Market Trends
The surging use of automatic transmission oil pumps in dual-clutch transmissions is an emerging trend shaping market growth. DCTs are becoming increasingly popular in both conventional and performance-oriented vehicles due to their improved efficiency and faster shift times. Automatic transmission oil pumps are integral components of DCTs, contributing to the rising demand for pumps in vehicles equipped with this technology. Transmission oil pumps in DCTs are responsible for circulating transmission fluid to lubricate the gears, bearings, and other moving parts within the transmission. Additionally, they help dissipate heat generated during its operation, ensuring proper cooling and preventing overheating.
Further, as automakers continue to adopt DCTs in their vehicle lineup, the demand for submersible pumps specifically designed for use in DCTs is expected to increase accordingly. Thus, as DCT technology continues to gain traction and become more prevalent in in-vehicle applications, the demand for submersible pumps designed for DCT systems is expected to rise to meet the unique requirements of this transmission technology. This trend is anticipated to fuel the growth of the market during the forecast period, driven by the need for specialized components that optimize performance and efficiency in advanced automotive applications.
The high cost associated with transmission oil pump replacements is a significant challenge hindering market growth. Transmission oil pumps are intricate mechanical components that require precise engineering to ensure optimal performance and durability. Transmission oil pump replacement typically requires skilled labor and specialized tools. The process may involve removing other components, draining and refilling transmission fluid, and precise installation of the new pump. Labor costs vary depending on the complexity of the transmission system and the vehicle model, contributing significantly to the overall replacement cost. However, this varies based on the vehicle's model, the kind of oil pump, labor costs, and the availability of replacement parts.
For instance, replacing an oil pump in a basic sedan may be less expensive than replacing one in a high-end luxury vehicle or a performance car with a more sophisticated engine. High replacement costs may drive consumers to explore aftermarket alternatives, such as refurbished or remanufactured pumps, which are often available at a lower price point compared to OEM parts. Vehicle owners also opt to repair the existing oil pump rather than replacing with a new one owing to the high cost of replacement. Thus, such factors are expected to hamper the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Nidec Corp. - The company offers transmission oil pump products such as pump 11 51 9 455 034, elektrischer klimakompressor 645014 64 52 5 A84 970, connector plate 61 27 8 856 559, cross member 31 10 7 915 428, and more.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The passenger car segment is estimated to witness significant growth during the forecast period. Passenger vehicles, such as hatchbacks, sedans, and estates, are highly popular globally, and therefore, the segment witnesses a high volume of sales. These vehicles require periodical service and maintenance, wherein the old, worn-out parts, are replaced with new ones. The automotive industry continues to grow, with rising demand for passenger vehicles globally.
Get a glance at the market contribution of various segments Download the PDF Sample
The passenger car was the largest segment and was valued at USD 3.54 billion in 2018. Further, consumers expect smooth and reliable transmission operation in their vehicles. It plays a crucial role in ensuring proper lubrication, cooling, and hydraulic pressure within the transmission, contributing to smooth gear shifts and overall driving experience. As a result, automakers prioritize the use of high quality to meet consumer expectations for vehicle performance and reliability. Thus, increasing vehicle production, the shift towards automatic transmissions, technological advancements, aftermarket demand, and consumer expectations for smooth and reliable transmission operation are expected to surge the demand for passenger vehicles and, in turn, fuel the growth of the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC region is home to some of the world's largest and fastest-growing automotive markets, including China, India, Japan, and South Korea. Rising incomes, urbanization, and increasing access to credit have led to a surge in vehicle ownership and production in these countries, driving demand, which in turn increases demand. Traditionally, manual transmissions have been more popular in the APAC region due to their lower cost and familiarity. However, there is a growing preference for automatic transmissions, especially in urban areas where traffic congestion is a concern.
In addition, automotive manufacturers in the APAC region are increasingly adopting advanced transmission technologies to enhance vehicle performance, fuel efficiency, and driving experience. This includes the adoption of CVTs, DCTs, and hybrid powertrains, all of which require sophisticated systems, including power transmission seals, to ensure optimal performance. Automatic transmissions, in particular, necessitate advanced oil pump systems equipped with power transmission seals to ensure proper lubrication, cooling, and hydraulic pressure control. Therefore, the growing adoption of automatic transmissions and advanced transmission technologies is driving demand for power transmission seals, which is expected to fuel market growth during the forecast period as automakers prioritize efficiency and reliability in their vehicle designs.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is influenced by various factors, including the rising demand for automatic cars, especially in emerging economies, driven by increasing per capita disposable incomes and consumer spending. Fixed displacement pumps, such as vane type, gear type, and rotor type, play a crucial role in the market. These pumps are integral components in motorsport transmission, ensuring efficient power delivery and performance in high-performance vehicles on the track. The market experiences continuous advancements through R&D activities, aiming to provide efficient and cost-effective solutions to meet the demands of racing teams and enthusiasts. Electrical pumps of such kinds are gaining prominence as they contribute to reducing CO2 emissions and improving the overall driving cycle, aligning with the industry's push towards sustainability and efficiency.
Additionally, Asia-Pacific and LAMEA regions are key players in the market, offering significant market opportunities. Major countries contribute to market revenue, and a value chain analysis highlights the competitive environment. Market strategies, collaborations, and current trends are essential aspects shaping the industry. The qualitative insights into the major players and significant segments provide comprehensive estimations for the market's growth potential. Cheaper alternatives and control strategies further contribute to the evolving landscape of the market.
Transmission Oil Pump Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.26% |
Market Growth 2024-2028 |
USD 2.92 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.5 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Nidec Corp., Hitachi Ltd., Vitesco Technologies Group AG, ITOCHU Corp., ZF Friedrichshafen AG, Deere and Co., Toyota Motor Corp., Scherzinger Pumpen GmbH and Co. KG, PATRICK MOTORSPORTS USA, Valeo SA, Tilton Engineering Inc., Ford Motor Co., BorgWarner Inc., Trochocentric Patentverwertungs GmbH, Egmec Industry Co., Ltd., SHW AG, Bayerische Motoren Werke AG, and Melling |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.