As per MRFR analysis, the Automobile Oil Pump Market Size was estimated at 18.03 (USD Billion) in 2022. The Automobile Oil Pump Market Industry is expected to grow from 18.6(USD Billion) in 2023 to 24.7 (USD Billion) by 2032. The Automobile Oil Pump Market CAGR (growth rate) is expected to be around 3.2% during the forecast period (2024 - 2032).
The automobile oil pump market is experiencing significant growth due to rising vehicle production and increasing demand for fuel-efficient vehicles. Advanced engine technologies, such as variable valve timing and direct injection, require high-performance oil pumps for optimal lubrication. Additionally, government regulations promoting emissions reduction are driving demand for oil pumps that minimize friction and improve engine efficiency.
Key market drivers include the expanding automotive industry, particularly in emerging markets, and the growing adoption of electric vehicles. Emerging economies are witnessing rapid urbanization and increasing disposable income, leading to a surge in vehicle ownership. Electric vehicles, which rely heavily on oil pumps for cooling and lubrication, present a significant opportunity for market growth.
Recent trends in the automobile oil pump market include the integration of advanced materials and technologies to enhance durability and performance. Lightweight materials, such as aluminum alloys and composites, are being widely adopted to reduce weight and improve fuel economy. Oil pumps with intelligent control systems are also gaining traction, offering precise oil pressure regulation and reduced energy consumption.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
As governments around the world implement stricter fuel economy regulations, there is a growing demand for fuel-efficient vehicles. This is leading to an increase in the sales of electric and hybrid vehicles, which require specialized oil pumps that can handle the unique properties of electric and hybrid engine oils. The Automobile Oil Pump Market Industry is expected to benefit from this trend as automakers seek to meet the rising demand for fuel-efficient vehicles.
Technological advancements are leading to the development of more efficient and reliable oil pumps. These pumps are designed to reduce friction and improve oil flow, which can lead to improved engine performance and fuel economy. The Automobile Oil Pump Market Industry is expected to benefit from these advancements, as automakers seek to incorporate the latest technologies into their vehicles.
The growing popularity of electric and hybrid vehicles is creating new opportunities for the Automobile Oil Pump Market Industry. These vehicles require specialized oil pumps that can handle the unique properties of electric and hybrid engine oils. The increasing adoption of electric and hybrid vehicles is expected to drive growth in the oil pump market.
The Automobile Oil Pump Market is segmented by Engine Type into Gasoline, Diesel, Electric, and Hybrid. Gasoline engines are the most common type of engine in use today, and they are expected to remain the dominant segment of the Automobile Oil Pump Market through 2032. The growth of the gasoline engine segment is being driven by the increasing popularity of fuel-efficient vehicles. Diesel engines are more efficient than gasoline engines, but they are also more expensive. The diesel engine segment is expected to grow at a slower pace than the gasoline engine segment, but it is still expected to account for a significant share of the Automobile Oil Pump Market.Electric vehicles are becoming increasingly popular, and they are expected to be a major growth driver for the Automobile Oil Pump Market in the coming years. Electric vehicles do not require oil pumps, but they do require other types of pumps, such as coolant pumps and water pumps. Hybrid vehicles combine a gasoline engine with an electric motor. Hybrid vehicles are more fuel-efficient than gasoline-powered vehicles, and they also produce lower emissions. The growth of the market is being driven by the increasing demand for fuel-efficient vehicles and the growing popularity of electric vehicles.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The automobile oil pump market is segmented into gear-type, gerotor-type, vane-type, and screw-type oil pumps. Among these, the gear-type oil pump segment is expected to hold the largest market share in 2023, owing to its high efficiency and reliability. The gerotor-type oil pump segment is expected to grow at the highest CAGR during the forecast period, due to its increasing adoption in electric vehicles. The gear-type oil pump is a positive displacement pump that uses two gears to create suction and discharge oil. It is a simple and reliable design that is well-suited for high-volume, low-pressure applications.The gerotor-type oil pump is also a positive displacement pump, but it uses a gerotor instead of gears. This design offers higher efficiency and lower noise than gear-type pumps, making it a good choice for electric vehicles. The vane-type oil pump is a positive displacement pump that uses a rotor with vanes to create suction and discharge oil. It is a compact and lightweight design that is well-suited for low-volume, high-pressure applications. The screw-type oil pump is a positive displacement pump that uses two screws to create suction and discharge oil. It is a high-efficiency design that is well-suited for high-volume, high-pressure applications.
The Vehicle Type segment of the Automobile Oil Pump Market is categorized into Passenger Cars, Commercial Vehicles, Heavy Machinery, and Off-Highway Vehicles. Among these, Passenger Cars held the dominant market share in 2023, accounting for over 55% of the Automobile Oil Pump Market revenue. This is primarily attributed to the increasing production and sales of passenger cars worldwide, coupled with the rising demand for high-performance and fuel-efficient vehicles. Commercial Vehicles, including trucks and buses, are projected to witness significant growth in the market over the forecast period due to the expansion of e-commerce and logistics sectors.Heavy Machinery is expected to have a steady growth rate, driven by the increasing demand for construction and mining equipment. Off-Highway Vehicles, such as ATVs and snowmobiles, are anticipated to experience moderate growth, supported by the growing popularity of outdoor recreational activities.
The Automobile Oil Pump Market is segmented by Sales Channel into OEMs, Aftermarket, and Online Retailers. Among these, the Aftermarket segment held the largest market share of 58.3% in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the aftermarket segment can be attributed to the increasing number of aging vehicles on the road, which require regular maintenance and repairs. Additionally, the growing popularity of do-it-yourself (DIY) repairs is also contributing to the growth of the aftermarket segment.
The OEM segment is expected to witness a steady growth rate during the forecast period, owing to the increasing production of new vehicles. The Online Retailers segment is expected to grow at a rapid pace, driven by the convenience and ease of purchasing oil pumps online.
The regional segmentation of the Automobile Oil Pump Market presents diverse market dynamics and growth opportunities. North America holds a significant market share, driven by the presence of major automobile manufacturers and a large consumer base. Europe follows closely, with stringent emission regulations and a focus on fuel efficiency contributing to market growth. The APAC region is projected to witness the highest growth rate, fueled by rising vehicle production and increasing disposable incomes. South America and MEA also offer growth potential, with expanding automotive industries and government initiatives supporting market development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Automobile Oil Pump Market industry are continuously engaged in research and development to introduce advanced Automobile Oil Pump Market products and solutions to meet the evolving demands of customers. Market rivalry is likely to intensify as key companies invest heavily in innovation and strategic collaborations to enhance their market positions. Leading Automobile Oil Pump Market players are focusing on sustainable practices and environmentally friendly solutions to meet evolving market demands. The Automobile Oil Pump Market industry is experiencing ongoing consolidation, with mergers and acquisitions enabling leading players to expand their product portfolios and geographical reach. The competitive dynamics of the Automobile Oil Pump Market market are expected to remain dynamic in the coming years, driven by technological advancements, changing customer preferences, and the entry of new market entrants.
Aisin Seiki Co., Ltd., with its headquarters in Japan, is a leading supplier of Automobile Oil Pump Market products and systems. The company has a strong presence in the Automotive Oil Pump Market industry and provides innovative solutions to meet the demands of its customers. Aisin Seiki operates manufacturing facilities worldwide and has a robust supply chain network. The company focuses on developing and producing high-quality Automobile Oil Pumps that meet the performance and durability requirements of the automotive industry. Aisin Seiki's commitment to innovation and customer satisfaction has established the company as a trusted partner to automakers and automotive suppliers around the world.
In contrast, Schaeffler AG, with its headquarters in Germany, is another prominent player in the Automobile Oil Pump Market industry. The company is a leading manufacturer of high-precision components and systems for the automotive and industrial sectors. Schaeffler offers a wide range of Automobile Oil Pump Market products, including oil pumps, modules, and systems. It also provides engineering services and solutions to support its customers in developing and optimizing their products. With a presence and a commitment to innovation, Schaeffler AG is a formidable competitor in the Automobile Oil Pump Market market.
The automobile oil pump market is projected to reach USD 24.7 billion by 2032, exhibiting a CAGR of 3.2% during the forecast period (2024-2032). Increasing vehicle production, coupled with rising demand for fuel-efficient vehicles, is anticipated to drive market growth. Moreover, government regulations aimed at reducing emissions are expected to augment demand for efficient oil pumps further. Technological advancements, such as the development of variable displacement oil pumps, are likely to create growth opportunities in the market. The Asia Pacific region is expected to account for the largest market share due to the presence of major automotive manufacturers and the growing demand for vehicles in developing countries. Key industry participants are focusing on product innovation and strategic partnerships to gain a competitive edge.
| Report Attribute/Metric | Details |
| Market Size 2022 | 18.03(USD Billion) |
| Market Size 2023 | 18.6(USD Billion) |
| Market Size 2032 | 24.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.2% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Mitsuba Corporation, Eaton Corporation, T. Rad Automotive, BorgWarner Inc., Delphi Technologies, Continental AG, Denso Corporation, JTEKT Corporation, Robert Bosch GmbH, GMB Corporation, Schaeffler AG, Hyundai Wia Corporation, TI Automotive, Aisin Seiki Co., Ltd., ZF Friedrichshafen AG |
| Segments Covered | Engine Type, Oil Pump Type, Vehicle Type, Sales Channel, Regional |
| Key Market Opportunities | Electric Vehicle Penetration Advanced Oil Pump Technologies Growing Automotive Manufacturing Focus on Fuel Efficiency Rising Demand for Premium Vehicles |
| Key Market Dynamics | Increasing demand for fuel-efficient vehicles Growing popularity of electric vehicles Technological advancements in oil pump design Stringent emission regulations Rise in disposable income |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automobile Oil Pump Market is expected to reach an overall valuation of 18.6 billion USD in 2023.
The CAGR of the Automobile Oil Pump Market from 2024 to 2032 is estimated at 3.2%.
In 2032, the Automobile Oil Pump Market is expected to reach an overall valuation of 24.7 billion USD.
North America is expected to hold the largest market share in the Automobile Oil Pump Market in 2023.
The passenger car segment is expected to account for the highest market share in the Automobile Oil Pump Market in 2023.
Some of the key competitors in the Automobile Oil Pump Market include Aisin Seiki Co., Ltd., DENSO Corporation, and Robert Bosch GmbH.
The growth of the Automobile Oil Pump Market is primarily driven by the increasing demand for automobiles and the growing adoption of advanced technologies in the automotive industry.
The Automobile Oil Pump Market faces challenges such as fluctuations in raw material prices and intense competition from aftermarket suppliers.
The growing demand for electric vehicles and the increasing adoption of lightweight materials present opportunities for growth in the Automobile Oil Pump Market.
Key trends in the Automobile Oil Pump Market include the adoption of variable displacement oil pumps and the integration of sensors and electronics.
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