Global Engine Oil Pan Market Analysis & Trends - Industry Forecast to 2030
Engine Oil Pan: Market Size
From $5.83 billion in 2024, the global Engine Oil Pan market is projected to reach $8.46 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increasing production of hatchbacks, growing research & development activities by manufacturers, and rising disposable income of consumers.
Global Engine Oil Pan Market: Market Dynamics
Increasing global automotive production, introduction of stringent regulations regarding fuel efficiency and carbon emissions, and continuous replacement of traditional oil pans with lightweight composite oil pans are the major growth drivers of the global engine oil pan market.
On the other hand, the fluctuating price of raw materials is likely to obstruct the profit boundaries. In addition, introduction of technologically advanced oil pans will further boost for the Engine Oil Pan market.
Impact of COVID-19 on Engine Oil Pan
The outbreak of the COVID-19 pandemic has created an economic situation that is fundamentally different from any previous crisis. People with vehicles delayed inspections and optional repairs, and some government transport businesses rested their deadlines for obligatory technical controls and inspections. Users with lower wages also halted avoidable repairs. These changes in consumer behavior had dramatically decreased visits to garages, service stations, and repair workshops. This has deeply impacted the demand for the engine oil pan market.
By Material Type
Aluminum Segment Dominate the Market in 2024
The aluminum segment made huge revenue in 2024 and growing its prominence during the forecast period owing to an increase in the demand for aluminum engine oil pans. Aluminum has greater thermal conductivity, enabling the oil pan to draw more heat from the oil.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the rising vehicle sales and increasing urbanization. The region is anticipated to experience healthy growth during the same period. China will most likely dominate the Asia Pacific regional market.
List of the Key Players Profiled in the Market Include:
• Magna International Inc. • Dana Limited • Eaton Corporation Plc • MAHLE GmbH • American Axle & Manufacturing, Inc. • ElringKlinger AG • POLYTEC HOLDING AG • Pacific Industrial Co., Ltd. • MANN+ HUMMEL • Minda KTSN Plastic Solutions • Montaplast GmbH • Nemak S.A.B. de C.V.
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Product Analysis
1.6 Strategic Benchmarking
1.7 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Increasing Production of Hatchbacks
4.1.2 Growing Research & Development Activities by Manufacturers