The global automotive electric oil pump market size is projected to exceed US$ 76.1 Bn by 2030, expanding at a compound annual growth rate (CAGR) of 24.1% during the forecast period 2021 to 2030.
Rise in the demand for electric mobility and fuel-efficient vehicles is driving the demand for automotive electric oil pumps. The growth owing to rising concerns about the environment and carbon emission across the globe. Increase in global carbon footprint and stringent emission norms are driving the preference of the automotive industry toward electric vehicles, which is likely to increase the demand for electric oil pump in vehicles.
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Rise in demand for fuel-efficient vehicles coupled with stringent emission limits has prompted manufacturers to install electric oil pumps in their vehicles, which is anticipated to significantly propel the automotive electric oil pump market across the globe. Increase in sales of vehicles across the globe due to decline in tax rates on vehicles is also a key factor fueling the demand for electric oil pumps in vehicles.
Drivers
Rising vehicle electrification, including electric power steering is likely to increase the demand for electric oil pump across the globe. Enactment of stringent emission norms across the globe is prompting vehicle manufacturers to develop lightweight vehicles to enhance fuel-efficiency of their vehicles. An electric oil pump is an oil pump driven by an electric motor, and is used to maintain oil pressure and lubricate the automobile components during engine stop of stop-start vehicles. Electric oil pumps are needed for hybrid electric vehicles and vehicles with idling start-stop systems. These pumps, which are able to supply oil even when the engine is switched off are characterized by high voltage, oil-pressure, and flow rate with less noise. This is anticipated to boost the automotive electric oil pump market across the globe.
Wide spread of the pandemic across the globe is prompting consumers to own vehicles, which is likely to increase the sale of vehicles and subsequently, boost the installation of electric oil pumps in vehicles in order to increase the performance of vehicles. This is likely to boost the automotive electric oil pump market across the globe.
Challenges
The COVID-19 pandemic has caused a majority of businesses across the globe to crumble, owing to forced shutdown of production and manufacturing activities. This has led the global economy to contract to its lowest growth rate. Majority of businesses in every industry are codependent and are a part of major supply chain in the market. Disruption in supply chain attributing to stoppage of transportation and shipping services and reduced demand for vehicles across the globe is likely to cause the global automotive industry to contract in Q1 and Q2 of 2020.
Advancements in material, components, and systems boost the price of the electric oil pump as compared to that of the conventional oil pump. Consequently, the price of the vehicle equipped with an electric oil pump is higher, due to the high price of the automotive electric oil pump. This is likely to hamper the market during forecast period.
Electronic Transmission Oil Pumps Eliminating Need of Electrolytic Capacitors
Intelligent transmission oil pumps for high performance applications have the potential to fully replace mechanical pumps. Vitesco Technologies – a producer of efficient electrification technologies for vehicles is developing electronic transmission oil pumps that are eliminating the need of electrolytic capacitors.
Manufacturers in the automotive electric oil pump market are increasing their R&D muscle to integrate sensors in electronic transmission oil pumps that reduce further efforts with the wiring. Such oil pumps are gaining prominence in battery EVs, commercial vehicles, and off-highway applications.
Report Highlights
Based on propulsion, the global automotive electric oil pump market has been classified into electric vehicle and IC engine vehicle. Electric vehicle is expected to be the dominant segment of the automotive electric oil pump market during the forecast period, owing to the enactment of stringent emission norms across the globe.
Based on application, the brake and transmission oil pump segments accounted for significant share of the global automotive electric oil pump market. Rising safety standards in vehicles, including anti-brake system, is likely to fuel the demand for electric oil pumps in vehicles.
Asia Pacific dominated the global automotive electric oil pump market in 2020. It is anticipated to hold the leading share of the global market during the forecast period, as rapid expansion of manufacturing industries across the region is likely to propel the automotive electric oil pump market in the region.
Europe is also estimated to account for a significant share of the global automotive electric oil pump market, owing to increase in the demand for lightweight engines across the region.
Key Players
Prominent players operating in the global automotive electric oil pump market include FTE automotive, Hitachi Automotive, Rheinmetall Automotive AG, Johnson Electric, Nidec Corporation, Mitsubishi Electric, Mikuni American Corporation, Magna Powertrain, Inc., HUSCO Automotive, LLC, MAHLE Group , BorgWarner Inc., Robert Bosch GmbH, DENSO CORPORATION, ZF Friedrichshafen AG, AISIN SEIKI, and SHW AG.
Market Segmentation
By Vehicle Type
By Propulsion
By Application
By Sales Channel
By Region
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Electric Oil Pump Market, By Vehicle Type
7.1. Automotive Electric Oil Pump Market, by Vehicle Type, 2020-2027
7.1.1. Passenger Vehicle
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Light Commercial Vehicle
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Medium & Heavy Duty Truck
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Buses & Coaches
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Off-road Vehicles
7.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive Electric Oil Pump Market, By Propulsion
8.1. Automotive Electric Oil Pump Market, by Propulsion, 2020-2027
8.1.1. Electric Vehicle
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. IC Engine Vehicle
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive Electric Oil Pump Market, By Application
9.1. Automotive Electric Oil Pump Market, by Application, 2020-2027
9.1.1. Transmission Oil Pump
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Engine Oil Pump
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Brake Oil Pump
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Automotive Electric Oil Pump Market, By Sales Channel
10.1. Automotive Electric Oil Pump Market, by Sales Channel, 2020-2027
10.1.1. OEM
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Automotive Electric Oil Pump Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.1.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.1.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.2.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.3.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.4.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.5.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Propulsion (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
Chapter 12. Company Profiles
12.1. FTE automotive
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Hitachi Automotive
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Rheinmetall Automotive AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Johnson Electric
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Nidec Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Mitsubishi Electric
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Mikuni American Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Magna Powertrain Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. HUSCO Automotive LLC
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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