Automotive Automatic Transmission Oil Pump Parts Market Overview:
As per MRFR analysis, the Automotive Automatic Transmission Oil Pump Parts Market Size was estimated at 4.95 (USD Billion) in 2022. The Automotive Automatic Transmission Oil Pump Parts Market Industry is expected to grow from 5.11(USD Billion) in 2023 to 6.8 (USD Billion) by 2032. The Automotive Automatic Transmission Oil Pump Parts Market CAGR (growth rate) is expected to be around 3.23% during the forecast period (2024 - 2032).
Key Automotive Automatic Transmission Oil Pump Parts Market Trends Highlighted
The increasing demand for fuel-efficient and high-performance vehicles is a significant market driver for automotive automatic transmission oil pump parts. As governments worldwide implement stringent emission regulations, automakers focus on developing vehicles with improved fuel economy and reduced emissions. Automatic transmissions, which enable smooth and efficient gear shifting, play a crucial role in achieving these goals.
The growing adoption of electric vehicles presents both opportunities and challenges for the automotive automatic transmission oil pump parts market. While electric vehicles eliminate the need for traditional automatic transmissions, they create demand for specialized components compatible with electric powertrains. Manufacturers must adapt their product offerings to cater to the evolving landscape.
Recent trends in the market include the increasing use of lightweight materials to enhance fuel efficiency and reduce emissions. Manufacturers are also exploring advanced technologies, such as variable displacement oil pumps, to optimize performance and reduce energy consumption. The integration of sensors and electronics into oil pump parts enables real-time monitoring and control, further improving efficiency and reliability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Automatic Transmission Oil Pump Parts Market Drivers
Increasing Demand for Automatic Transmissions
One of the prevailing drivers of the Automotive Automatic Transmission Oil Pump Parts Market Industry is the expanding application of automatic transmissions. By definition, automatic transmissions provide a range of advantages that are not available to their manual counterparts. Specifically, automatic transmissions are facilitated with considerable advantages, such as superior fuel efficiency, smoother shifting, and reduced driver-induced fatigue.
In this regard, automatic transmissions are noted to gain popularity in both passenger cars and a variety of commercial vehicles. The reported popularity is bound to further contribute to the increased demand for automatic transmission oil pump parts.
Growing Adoption of Electric Vehicles
Electric Vehicles The growing adoption of electric vehicles is another major driver of the Automotive Automatic Transmission Oil Pump Parts Market Industry. Electric vehicles, of course, do not require traditional transmissions. Still, to maintain the proper working conditions of topical technologies and components, such as engines, batteries, and electric motors, they often need to circulate coolant and other fluids. Therefore, electric vehicles are providing new business opportunities to manufacturers of automatic transmission oil pump parts.
Rising Fuel Prices
Rising fuel prices are also driving demand for automatic transmission oil pump parts. Automatic transmissions can help to improve fuel efficiency, which can save drivers money on fuel costs. As fuel prices continue to rise, more and more drivers are turning to automatic transmissions to save money.
Automotive Automatic Transmission Oil Pump Parts Market Segment Insights:
Automotive Automatic Transmission Oil Pump Parts Market Pump Type Insights
The Automotive Automatic Transmission Oil Pump Parts Market The market is segmented by pump type into gear pumps, vane pumps, and centrifugal pumps. Gear Pumps are dominating the market with a large share due to their high efficiency, reliability, cost-effectiveness, and avoid cavitation issue. They are used in wider applications in the automotive sector such as passenger cars, light commercial vehicles, and heavy-duty trucks. Vane Pumps are holding a notable share in the market and are used in the applications which require high flow rates and pressures.
Vane pumps are self-priming and can pump unbalanced pressure air-liquid mixtures and manage the viscosities of 2.8 to 5000 cP. Centrifugal pumps hold a smaller market however, are replacing the vane pumps and gear pumps in electric vehicles due to their compact size, lower noise operations, and control higher pressure. The Automotive Automatic Transmission Oil Pump Parts Market is projected to surge with a steady growth rate in the upcoming years.
The factors attributing to the growth are the increasing production of vehicles, growth in the automotive sector, and growth in investment in fuel-efficient technologies.This significant growth is supporting the rising demand for automatic transmissions, which enhance the driving comfort of the driver and support fuel efficiency. In addition, the demand for centrifugal pumps is increasing from the electrical vehicle market, as it is designed especially for electric powertrains.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Automatic Transmission Oil Pump Parts Market Transmission Type Insights
The Automotive Automatic Transmission Oil Pump Parts Market is segmented by Transmission Type into Torque Converter Transmissions, Dual-Clutch Transmissions, and Continuously Variable Transmissions. Torque Converter Transmissions accounted for the largest market share of around 75% in 2023, due to their widespread use in passenger cars and commercial vehicles.
Dual-Clutch Transmissions are gaining popularity in high-performance vehicles due to their fast shifting capabilities and improved fuel efficiency. Continuously Variable Transmissions offer smooth shifting and improved fuel economy, making them suitable for hybrid and electric vehicles.The market for Dual-Clutch Transmissions is expected to grow at a CAGR of 4.5% during the same period, reaching a revenue of USD 0.75 billion by 2032. The Continuously Variable Transmissions segment is expected to witness a CAGR of 5.2%, reaching a revenue of USD 0.94 billion by 2032.
Automotive Automatic Transmission Oil Pump Parts Market Vehicle Type Insights
The Vehicle Type segment is a critical component of the Global Automotive Automatic Transmission Oil Pump Parts Market. It categorizes the market based on the type of vehicle that utilizes automatic transmission oil pumps. The segment encompasses three primary subcategories: Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Passenger Cars hold a dominant share in the Vehicle Type segment, accounting for over 55% of the Automotive Automatic Transmission Oil Pump Parts Market revenue in 2023. The increasing production and sales of passenger cars worldwide drive this dominance.
Moreover, the rising popularity of automatic transmissions in passenger vehicles further contributes to the growth of this sub-segment. Light Commercial Vehicles account for a significant portion of the market, with a share of around 28%. The growing demand for light commercial vehicles for transportation and logistics purposes is a key factor driving the growth of this sub-segment. Heavy Commercial Vehicles represent the smallest share in the Vehicle Type segment, with a contribution of approximately 17%. However, this sub-segment is expected to witness steady growth due to the increasing demand for heavy commercial vehicles in construction, mining, and other industrial applications.
Overall, the Vehicle Type segment in the Automotive Automatic Transmission Oil Pump Parts Market is poised for growth in the coming years, driven by the increasing adoption of automatic transmissions, rising vehicle production, and expanding industrial applications.
Automotive Automatic Transmission Oil Pump Parts Market Material Insights
The Automotive Automatic Transmission Oil Pump Parts Market is segmented based on Material into Steel, Aluminum, and Plastic. Steel held the largest market share in 2023 and is expected to continue its dominance during the forecast period. The high strength and durability of steel make it an ideal choice for oil pump parts, which are subjected to high levels of stress and wear. Steel is also relatively inexpensive and easy to machine, making it a cost-effective option for manufacturers. Aluminum is another popular material for oil pump parts, offering advantages such as lightweight, corrosion resistance, and high thermal conductivity.
Plastic is also used in some applications, particularly for smaller or less critical components, due to its low cost and ease of molding. The Automotive Automatic Transmission Oil Pump Parts Market revenue is expected to grow from USD 5.11 Billion in 2023 to USD 6.8 Billion by 2032, exhibiting a CAGR of 3.23% during the forecast period.
Automotive Automatic Transmission Oil Pump Parts Market Application Insights
The Automotive Automatic Transmission Oil Pump Parts Market is segmented based on Application into OEM and Aftermarket. The OEM segment held a larger market share in 2023, and it is expected to continue its dominance during the forecast period. The growth of this segment can be attributed to the increasing demand for new vehicles, as well as the rising popularity of automatic transmissions. The Aftermarket segment is also expected to witness significant growth during the forecast period, due to the increasing number of vehicles on the road and the need for regular maintenance and repairs.
In 2023, the Automotive Automatic Transmission Oil Pump Parts Market for OEM was valued at USD 3.2 billion, and it is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 3.5% during the forecast period. The Aftermarket segment is expected to grow from USD 1.9 billion in 2023 to USD 2.6 billion by 2032, at a CAGR of 3.8%.
Automotive Automatic Transmission Oil Pump Parts Market Regional Insights
The regional segmentation of the Automotive Automatic Transmission Oil Pump Parts Market offers valuable insights into the market's dynamics and growth potential. North America, with its well-established automotive industry and high vehicle ownership rates, accounted for a significant share of the market in 2023. The region's focus on technological advancements and stringent emission regulations is expected to drive growth in the coming years. Europe, another major market, is witnessing increasing demand for fuel-efficient vehicles, which is positively impacting the Automotive Automatic Transmission Oil Pump Parts Market.
The APAC region, particularly China and India, is poised for significant growth due to the rapidly expanding automotive sector and rising disposable incomes. South America and MEA represent emerging markets with untapped potential, offering opportunities for market expansion. Overall, the regional segmentation highlights the diverse growth prospects and challenges across different geographic regions, guiding stakeholders in making informed decisions and capitalizing on the market's growth potential.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Automatic Transmission Oil Pump Parts Market Key Players And Competitive Insights:
The major players in the industry are Automotive Automatic Transmission Oil Pump Parts Market are continuously investing in research and development activities to remain ahead of the competition. The leading players of the Automotive Automatic Transmission Oil Pump Parts Market are developing products and new technologies to fulfil the ever-changing demands of the customers. The automotive automatic transmission oil pump parts market is relatively competitive in nature and a number of leading players of the market are holding a prominent share in the market.
The major players in the automotive automatic transmission oil pump parts market are Aisin Seiki Co., Ltd., BorgWarner Inc., Continental AG, Denso Corporation, ZF Friedrichshafen AG. These players are continuously investing in research and development to improve their product developments and gain leading position in the market.
Aisin Seiki is a leading unit in the automotive player and the company is a manufacturer of automatic transmission oil pump parts. The company is based in Kariya, Aichi, Japan. Aisin Seiki is an international company and it operates in more than 30 countries. It supplies its parts to various automakers including Toyota, Honda, Nissan and others. The company provides manufacturing services for a large number of components and parts. Aisin Seiki is one of the largest suppliers of automotive oil pump parts. With research and development the company is constantly investing in new technologies and improving its products.
ZF Friedrichshafen AG is the other leading automotive automatic transmission oil pump parts market players. This player is based in Friedrichshafen, Germany. ZF Friedrichshafen is a major supplier of automotive products and systems. Automotive automatic transmission oil pump parts market player’s products are installed in various automakers including BMW, Audi, Volkswagen. ZF Friedrichshafen is a major supplier for designing and manufacturing companies optimises decisive systems for the dynamic mobility of the consumer. The company is supplying innovative and valued products to its customers. The company is also investing in research and development to improve its automotive automatic transmission oil pump parts.
Key Companies in the Automotive Automatic Transmission Oil Pump Parts Market Include:
- Jatco
- Auto Parts Manufacturing
- ZF
- KYB
- ATD Automotive
- Aisin Seiki
- Schaeffler
- BorgWarner
- Haldex
- Eaton
- GKN
- TE Connectivity
- Dana
Automotive Automatic Transmission Oil Pump Parts Market Industry Developments
The Automotive Automatic Transmission Oil Pump Parts Market is projected to reach a value of USD 6.8 billion by 2032, exhibiting a CAGR of 3.23% during the forecast period (2024-2032). The growth of the market is attributed to the increasing demand for automatic transmission vehicles, which require specialized oil pumps and parts to ensure efficient operation.
Recent developments in the market include the introduction of advanced materials and technologies to improve the performance and durability of oil pumps. Additionally, the growing adoption of electric vehicles is expected to have a moderate impact on the market as electric motors do not require traditional oil pumps. However, the demand for oil pumps in hybrid vehicles is expected to provide growth opportunities for market players.
Automotive Automatic Transmission Oil Pump Parts Market Segmentation Insights
Automotive Automatic Transmission Oil Pump Parts Market Pump Type Outlook
Gear Pumps
Vane Pumps
Centrifugal Pumps
Automotive Automatic Transmission Oil Pump Parts Market Transmission Type Outlook
Torque Converter Transmissions
Dual-Clutch Transmissions
Continuously Variable Transmissions
Automotive Automatic Transmission Oil Pump Parts Market Vehicle Type Outlook
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Automotive Automatic Transmission Oil Pump Parts Market Material Outlook
Steel
Aluminum
Plastic
Automotive Automatic Transmission Oil Pump Parts Market Application Outlook
OEM
Aftermarket
Automotive Automatic Transmission Oil Pump Parts Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.95(USD Billion) |
| Market Size 2023 |
5.11(USD Billion) |
| Market Size 2032 |
6.8(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.23% (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 |
Jatco, Auto Parts Manufacturing, ZF, KYB, ATD Automotive, Aisin Seiki, Schaeffler, BorgWarner, Haldex, Eaton, GKN, TE Connectivity, Dana |
| Segments Covered |
Pump Type, Transmission Type, Vehicle Type, Material, Application, Regional |
| Key Market Opportunities |
1 Increased demand for fuelefficient vehicles2 Government regulations on emission reduction3 Growing popularity of automatic transmissions4 Technological advancements in oil pump parts |
| Key Market Dynamics |
Rising electric vehicle production Increasing demand for lightweight vehicles Advancements in transmission technology Growing aftermarket demand Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Automatic Transmission Oil Pump Parts Market was valued at 5.11 USD Billion in 2023.
The CAGR of the Automotive Automatic Transmission Oil Pump Parts Market is projected to be 3.23% from 2023 to 2032.
The Asia-Pacific region is expected to hold the largest share of the Automotive Automatic Transmission Oil Pump Parts Market throughout the forecast period.
Key factors driving the growth of the market include the increasing demand for automatic transmission vehicles and the growing adoption of advanced driver assistance systems (ADAS).
Some of the major players in the Automotive Automatic Transmission Oil Pump Parts Market include Aisin Seiki, BorgWarner, Denso, Eaton, and Schaeffler.
Key trends in the market include the development of lightweight and efficient oil pumps, the integration of sensors and electronics, and the adoption of sustainable materials.
Challenges facing the market include the rising cost of raw materials, the increasing complexity of transmission systems, and the stringent emission regulations.
The Automotive Automatic Transmission Oil Pump Parts Market is expected to reach a valuation of 6.8 USD Billion by 2032.
Technological advancements are driving the development of more efficient and durable oil pumps, which is expected to have a positive impact on the market.
The market is expected to witness steady growth over the forecast period, driven by the increasing demand for automatic transmission vehicles and the adoption of advanced technologies.
