PUBLISHER: The Business Research Company | PRODUCT CODE: 1662547
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662547
An automotive oil pump serves as a mechanical apparatus responsible for circulating oil throughout an engine's moving parts, including bearings, camshafts, and pistons, to minimize friction and prevent wear. Its primary function involves circulating oil for engine lubrication while elevating oil pressure within the lubrication system, thereby generating the necessary pressure to propel oil through the engine's chambers and passages.
The primary discharge types of automotive oil pumps encompass gear pumps, gerotor, vane pumps, and other discharge types such as plunger pumps. Positive displacement pumps with fixed displacement specifically denote pumps where the displacement (measured in gallons per minute) remains unchangeable, except by altering the pump's drive speed. These pumps come in various displacement types, including fixed displacement and variable displacement. They are utilized across diverse vehicle categories such as passenger vehicles, light commercial vehicles, heavy commercial vehicles, buses and coaches, and off-road vehicles. Furthermore, they cater to varied lubrication systems such as wet sump lubrication and dry sump lubrication. Automotive oil pumps are available through diverse sales channels, including original equipment manufacturers (OEMs) and the aftermarket sector.
The automotive oil pump market research report is one of a series of new reports from The Business Research Company that provides automotive oil pump market statistics, including automotive oil pump industry global market size, regional shares, competitors with an automotive oil pump market share, detailed automotive oil pump market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive oil pump industry. This automotive oil pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive oil pump market size has grown strongly in recent years. It will grow from $18.78 billion in 2024 to $19.76 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to engine efficiency demands, emission standards compliance, material and manufacturing advances, vehicle weight reduction, global automotive production growth.
The automotive oil pump market size is expected to see strong growth in the next few years. It will grow to $25.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to integration of cooling systems, stricter fuel economy standards, increased focus on electric powertrains, supply chain resilience, electric vehicle trends. Major trends in the forecast period include integration of sensors and smart technologies, lightweight materials and design optimization, adoption of advanced manufacturing techniques, hybrid and electric vehicle trends, efficiency improvements.
The rapid rise in vehicle production is anticipated to drive the growth of the automotive oil pump market in the future. Vehicle production encompasses the manufacturing of automobiles and light trucks/utility vehicles. Oil pumps play a crucial role by pressurizing fluids and protecting engine components from frictional wear and overheating, ensuring proper lubrication of the oil at the right pressures. Consequently, this increases the adoption of vehicle production, leading to higher demand for automotive oil pumps. For example, in May 2024, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, reported that the demand for SUVs grew from 14.21 million units in 2022 to 16.03 million units in 2023, marking a substantial year-over-year increase of 12.8%. Therefore, the growing adoption of electric vehicles is propelling the growth of the automotive oil pump market.
The automotive oil pump market is set to experience growth fueled by the rising demand for fuel-efficient vehicles. Fuel-efficient vehicles, designed to optimize fuel utilization and reduce consumption, benefit from advanced automotive oil pumps. These pumps play a pivotal role in enhancing fuel efficiency by ensuring optimal oil lubrication and performance. Notably, the International Energy Agency reported substantial growth in the electric car market, with electric vehicle sales surpassing 10 million units in 2022. The increasing preference for fuel-efficient vehicles, reflected in the rising share of electric cars, is a key driver propelling the automotive oil pump market.
The increasing demand for fuel-efficient vehicles is projected to drive the growth of the automotive oil pump market in the future. Fuel-efficient vehicles are specifically designed to optimize fuel usage, resulting in enhanced energy efficiency and reduced fuel consumption. The automotive oil pump plays a vital role in this efficiency, as its design and performance are closely related to the vehicle's overall fuel efficiency. For example, in March 2023, the International Energy Agency, a France-based intergovernmental organization, reported that the electric car market experienced remarkable growth, with sales surpassing 10 million units in 2022. In fact, electric vehicles accounted for 14% of all new car sales that year, a significant increase from about 9% in 2021. Thus, the rising demand for fuel-efficient vehicles is contributing to the growth of the automotive oil pump market.
Technological advancements are a significant trend emerging in the automotive oil pump market. Key players in this sector are concentrating on developing innovative products to maintain their market positions. For example, in January 2022, Toyoda Gosei Co. Ltd., a Japan-based manufacturer specializing in rubber and plastic automotive components, introduced a lightweight oil pump. This new oil pump utilizes precision plastic molding technology-one of its core innovations-to manufacture gears and other components from plastic, resulting in a weight reduction of approximately 30%.
In the dynamic landscape of the automotive oil pump market, major companies are strategically incorporating innovative technologies to fortify their market positions. A notable example of this trend is the adoption of electric oil pumps, also referred to as electric oil transfer pumps or electric lubrication pumps. These cutting-edge devices play a pivotal role in circulating oil or lubricants across diverse automotive and industrial applications. Demonstrating this commitment to innovation, Nidec Power Train Systems Corporation, a prominent Japan-based automotive parts manufacturer, introduced a groundbreaking electric oil pump in October 2023. This electric oil pump is designed to cool the e-axle of the EV Traction Motor System. Distinguished by its integration of a motor and pump manufactured in-house, the pump leverages advanced component production technology to ensure high quality while streamlining mechanical fastening processes and electrical connections. Engineered for enhanced cooling efficiency, this pump directly cools the motor, contributing to achieving a smaller and lighter traction motor in electric vehicles.
In January 2022, Hopkins Manufacturing Corporation, a leading US-based provider of automotive industry components and parts, made a significant move by acquiring Lumax LLC. This strategic acquisition aims to bolster Hopkins' position as an industry leader in fluid management products by incorporating grease guns and related products into its market-leading fluid management business. Lumax LLC, the US-based manufacturer of automotive oil pumps, became an integral part of Hopkins Manufacturing Corporation through this acquisition, contributing to the expansion and diversification of its product portfolio. The adoption of innovative technologies and strategic acquisitions reflects the commitment of major companies to stay at the forefront of the automotive oil pump market.
Major companies operating in the automotive oil pump market include Denso Corporation, The FTE automotive Group, Johnson Electric Holdings Limited., Magna International Inc., Nidec Corporation, Rheinmetall AG, Aisin Seiki Co. Ltd., ZF Friedrichshafen AG, Hitachi Astemo Americas Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, BorgWarner Inc., Brose Fahrzeugteile GmbH & Co. KG, HUSCO International Inc., Ningbo Shenglong Automotive Powertrain System Co.Ltd., TRW Automotive Holdings Corp., Fuxin Dare Automotive Parts Co Ltd., MAHLE GmbH, Stackpole International Inc., Magneti Marelli S.p.A., Shenglong Group, Bosch GmbH, Delphi Technologies PLC, Hunan Oil Pump Co., Melling Engine Parts, Hirschvogel Automotive Group, Wuxi Tsang Yow Auto Parts Co.Ltd., Toyo Advanced Technologies Co.Ltd., Pierburg GmbH, Flowserve Corporation
Asia Pacific was the largest region in the automotive oil pump market in 2024. The regions covered in the automotive oil pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive oil pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive oil pump market consists of sales of rotor oil pumps, front-cover oil pumps, centrifugal pumps, and other related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Oil Pump Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive oil pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive oil pump ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive oil pump market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.