Global Automotive Variable Oil Pump Market, By Type (Fuel Pump, Fuel Injection Pump, Water Pump, Windshield Pump, Steering Pump, Transmission Oil Pump, Vacuum Pump, Headlight Washer Pump), Electric Vehicle Type (BEV, FCEV, HEV, PHEV), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Technology (Electric, Mechanical), Off-Highway Vehicles (Construction Equipment, Mining Equipment), Application (Body and Interior, Engine and HVAC, Powertrain) – Industry Trends and Forecast to 2029.
Automotive Variable Oil Pump Market Analysis and Size
Automotive variable oil pumps are one of the most significant constituents in the internal combustion engine of vehicles. But, cut-throat competition in the automotive sector has forced the market players of the automotive variable oil pump market to invest in R&D to rise an edge over the other market players. Since top-tier players and the new entrants rule the market are facing stiff competition, it is very challenging for start-ups to onboard investors. Thus, thorough R&D is evolving as a winning strategy to innovate in automotive variable oil pumps.
Data Bridge Market Research analyses that the automotive variable oil pump market was valued at USD in 8,392.3 million 2021 and is expected to reach USD by 10,548.82 million 2029, registering a CAGR of 2.90% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Variable Oil Pump Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Fuel Pump, Fuel Injection Pump, Water Pump, Windshield Pump, Steering Pump, Transmission Oil Pump, Vacuum Pump, Headlight Washer Pump), Electric Vehicle Type (BEV, FCEV, HEV, PHEV), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Technology (Electric, Mechanical), Off-Highway Vehicles (Construction Equipment, Mining Equipment), Application (Body and Interior, Engine and HVAC, Powertrain)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BorgWarner Inc. (U.S.), Denso Corporation (Japan), SHW AG (Germany), Aisin Corporation (Japan), BorgWarner Inc. (U.K.), Johnson Electric Holdings Limited (Hong Kong), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada), FTE Automotive (Germany), Mitsuba Corp. (Japan), laxmi oil pumps & systems private limited (India), Mikuni Corporation (Japan), Rheinmetall AG (Germany), MAHLE GmbH (Germany), Hitachi Automotive Systems Americas, Inc. (U.S.)
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Market Opportunities
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Market Definition
The automotive variable oil pump is used for piston cooling and efficient engine lubrication. The variable oil pump can accurately supply the right amount of oil in all conditions and reduces the torque absorption in non-critical operating points. Displacement adjustment contributes to reduced and reduced fuel consumption.
Automotive Variable Oil Pump Market Dynamics
Drivers
- Increase the fuel efficiency and controlling fuel consumption
Automotive variable oil pump increase the fuel efficiency of vehicles which results in a drop in the overall consumption of fuel. According to the U.S. Energy Information Administration (EIA), the consumption of motor diesel and gasoline has been controlled to a large extent in terms of million barrels per day. Thus, automobile producers are progressing out fuel-efficient vehicles to deal with the augmented consumer demand.
- Rising demand for electric vehicles
The rolling inclination of consumers towards electric vehicles on the back of the rising awareness regarding environmental pollution is expected to drive the market growth during the above mentioned period. Automotive variable oil pumps are made for electric vehicles because they can maintain the optimum oil pressure with low power consumption and high efficiency. The increasing demand for performance and improvement in fuel economy are expected to drive the growth rate of the automotive variable oil pump market.
Furthermore, rising sales of commercial and passenger cars, consumer purchasing power, and increasing demand for passenger vehicles are some major factors expected to drive the automotive variable oil pump market growth.
Opportunities
- Technological advancement
Additionally, the surging technological advancement in the market further offer numerous growth opportunities within the market.Technological developments have led to the replacement of the mechanical pumps in passenger cars with electric pumps. These pumps have adjustable flow per the demand; hence, they can upsurge the overall fuel-efficiency of the vehicle. However, mechanical pumps are still used in commercial vehicles because they are more reliable than electric pumps.
Moreover, increase in collaborations and emerging new global markets will also act as market drivers and further increase the beneficial opportunities for market growth. The surging technological advancement will boost new market opportunities for the market’s growth rate.
Restraints/ Challenges
- High Cost
The high initial cost of investment is a major factor restraining the growth of the automotive variable oil pump market. Also the technological advancements can also upsurge the overall cost of this device. The high installation cost and maintenance cost of the automotive variable oil pump is among the main factors which is restraining the growth of the automotive variable oil pump market and further challenge the market growth rate.
This automotive variable oil pump market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive variable oil pump market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Variable Oil Pump Market
The outbreak of COVID-19 pandemic has hampered a majority of businesses overall the globe due to imposed lockdown, which caused the people to stay at home. The imposed lockdown led to a decrease in the sales of vehicle, consequently, contracting the global automotive oil pump market. However, the global automotive oil pump market is anticipated to expand from 2021, due to economic measures, the government has taken some steps to recover from financial losses which has caused by imposed shutdown of business activities during the COVID-19 pandemic.
Recent Development
- In February 2022, Moroso Performance Products, a reputed oil pump manufacturer headquartered in the U.S., announced a single stage, reverse rotation, and an external oil pump equipped with a fuel pump drive. The new Reverse Rotation pump has a left side door car style mounting bracket and is mounted towards the front of the car. It properties an external runs cooler and then internal pumps for ease of adjustment.
- In January 2022, Toyoda Gosei Co., Ltd., is a manufacturer of plastic and rubber automotive constituents which is based in Japan, it has developed a lightweight oil pump by making a few sections of the pump with using plastic material instead of metal. The company leveraged its unique precision molding technology to make modules, such as gears of oil pumps with plastic. This has aided in cutting the pump’s weight by around 30%. The pump will be used on the hybrid versions of noah models and Voxy models which has developed by Toyota Motor Corporation.
Global Automotive Variable Oil Pump Market Scope
The automotive variable oil pump market is segmented on the basis of type, electric vehicle type, vehicle type, technology, off-highway vehicles and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Fuel Pump
- Fuel Injection Pump
- Water Pump
- Windshield Pump
- Steering Pump
- Transmission Oil Pump
- Vacuum Pump
- Headlight Washer Pump
Electric Vehicle Type
- BEV
- FCEV
- HEV
- PHEV
Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Technology
- Electric
- Mechanical
Off-Highway Vehicles
- Construction Equipment
- Mining Equipment
Application
- Body and Interior
- Engine and HVAC
- Powertrain
Automotive Variable Oil Pump Market Regional Analysis/Insights
The automotive variable oil pump market is analysed and market size insights and trends are provided by country, type, electric vehicle type, vehicle type, technology, off-highway vehicles and application as referenced above.
The countries covered in the automotive variable oil pump market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the automotive variable oil pump market in terms of revenue and market share. This is because of increasing sales of commercial vehicles and passenger cars and growing purchasing power of consumers in this region.
Europe is expected to be the fastest developing regions due to the pollution control measures and stringent environmental policies.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Variable Oil Pump Market Share Analysis
The automotive variable oil pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive variable oil pump market.
Some of the major players operating in the automotive variable oil pump market are:
- BorgWarner Inc. (U.S.)
- Denso Corporation (Japan)
- SHW AG (Germany)
- Aisin Corporation (Japan)
- BorgWarner Inc.(U.K.)
- Johnson Electric Holdings Limited (Hong Kong)
- Robert Bosch GmbH (Germany)
- ZF Friedrichshafen AG (Germany)
- Magna International Inc. (Canada)
- FTE Automotive (Germany)
- Mitsuba Corp. (Japan)
- laxmi oil pumps & systems private limited (India)
- Mikuni Corporation (Japan)
- Rheinmetall AG (Germany)
- MAHLE GmbH (Germany)
- Hitachi Automotive Systems Americas, Inc. (U.S.)
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