The global automotive variable oil pump industry was valued at USD 8.7 billion in 2023 and is expected to experience a year-on-year growth of 4.6%, reaching USD 9.1 billion by 2024. Furthermore, sales of variable oil pumps are projected to grow at a CAGR of 3.2% from 2024 to 2034, ultimately leading to a market size of USD 12.4 billion by 2034.
The global Automotive Variable Oil Pump Market is poised for substantial growth as the automotive industry embraces advancements in engine efficiency and fuel economy. This market analysis provides a comprehensive overview of key trends, drivers, and forecasts, highlighting critical takeaways, major players, and market segmentation.
Key Takeaways:
- Market Valuation and Growth: The automotive variable oil pump market is expected to grow significantly, driven by increasing demand for fuel-efficient vehicles and stricter emission regulations.
- Technological Innovations: Ongoing advancements in variable oil pump technologies are leading to improved performance and adaptability in various vehicle applications, enhancing the overall driving experience.
- Consumer Awareness: Growing consumer awareness regarding the benefits of variable oil pumps, including reduced fuel consumption and lower emissions, is propelling market demand.
- Regulatory Support: Government initiatives aimed at promoting sustainable transportation solutions and reducing carbon footprints are further encouraging the adoption of variable oil pumps.
In-Depth Market Analysis: A Complete Report
Competition Outlook
The global automotive variable oil pump sector is highly fragmented, with leading players accounting for about 40% to 45% share. Robert Bosch GmbH, Denso Corporation, Hella KGaA Hueck & Co., Aisin Seiki Co., Ltd., and Concentric AB are the leading manufacturers and suppliers of variable oil pumps listed in the report.
Leading companies are focusing on launching new types of vehicles equipped with modern oil pumps. These companies are striving to gain a competitive edge by investing huge sums in research and development activities. A few others are set to showcase their unique products across exhibitions and trade fairs to increase the visibility of products and gain a large client base.
Industry Updates
- In June 2024, Volvo Trucks North America, headquartered in Greensboro, enhanced fuel efficiency by launching Volvo VNL, a new truck. The company has improved the truck’s I-Shift transmission and Volvo D13 engine. The truck contains a variable vane oil pump, a long connecting rod, and a short piston height.
- In 2023, Japan-based Nidec Power Train Systems Corporation declared the development of a new electric oil pump for automotive continuously variable transmission (CVT) systems. The new product is set to be used to support a car’s engine-driven mechanical oil pump and supply oil pressure to the CVT system of a vehicle.
Leading Automotive Variable Oil Pump Brands
- Aisin Seiki Co., Ltd.
- Concentric AB
- Continental AG
- Delphi Automotive LLP
- DENSO Corporation
- HELLA KGaA Hueck & Co.
- Hitachi Automotive Systems, Ltd.
- Johnson Electric Holdings Limited
- JTEKT Corporation; KSPG AG
- Magna International Inc.
- Magneti Marelli S.p.A
- Robert Bosch GmbH
- Pricol Ltd.
- SHW Group
- TI Automotive Ltd.
- ZF TRW Automotive Holdings Corp.
- BorgWarner Inc.
- FTE Automotive
Key Segmentation:
The automotive variable oil pump market can be segmented based on various criteria:
- Type:
- Electronic Variable Oil Pumps
- Hydraulic Variable Oil Pumps
- Mechanical Variable Oil Pumps
- Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicles
- Sales Channel:
- OEM (Original Equipment Manufacturer)
- Aftermarket
- Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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