Automotive Transmission Pump Market, By Type (Gear pumps, Vane pumps, Centrifugal pumps), By Vehicle Type (Passenger cars, Light commercial vehicles (LCVs), Heavy commercial vehicles (HCVs)), By Transmission Type (Manual transmissions, Automatic transmissions), By Sales Channel (Original equipment manufacturers (OEMs), Aftermarket), By Material (Cast iron, Aluminum, Composite materials), By End-User (Passenger cars, Commercial vehicles, Off-highway vehicles, Specialty vehicles), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
The transmission pump is the heart of the transmission system, pumping hydraulic fluid through the system. Referred to as a gear pump, the transmission pump has two gears. One gear is powered by the torque convertor hub which engages the inside gear of the pump. The other gear in the pump is the outside gear which is driven by the inside gear. When these two gears run and rotate together they create a suction effect that moves the transmission fluid. A transmission oil pump is used to circulate oil and maintain volumetric pressure in automatic transmission cars. A pump helps build hydraulic pressure and allow other components in the transmission to function properly. Therefore, there is an increasing demand for transmission pumps worldwide.
Market Dynamics:
Rowing demand for fuel-efficient vehicles, increasing demand for automatic vehicles, increasing number of passenger vehicles, rapid growth of the automotive industry, and increasing demand for transmission pumps are some major factors expected to propel the growth of the global automotive transmission pump market during the forecast period.
For instance, Passenger vehicle sales in India witnessed an increase of 26.7% in FY23. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) sales reached around 334,247 units in May 2023, registering a 13.54% rise over the same month last year. This in turn is expected to increase demand for transmission pumps in India.
However, growing demand for electric vehicles (EVs) is expected to hamper growth of the global automotive transmission pump market.
Key features of the study:
This report provides in-depth analysis of the global automotive transmission pump market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global automotive transmission pump market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Aisin AW Co., Ltd., Hyundai WIA Corporation, GKN Automotive Limited, Eaton Corporation, Denso Corporation, JTEKT Corporation, BorgWarner Inc., Schaeffler AG, ZF Friedrichshafen AG, Valeo SA, Magna International Inc., Bosch Limited, Aisin Seiki Co., Ltd., Metaldyne Performance Group Inc., and Hitachi Automotive Systems, Ltd., among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global automotive transmission pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive transmission pump market.
Detailed Segmentation:
Global Automotive Transmission Pump Market, By Type:
Gear Pumps
Vane Pumps
Centrifugal Pumps
Global Automotive Transmission Pump Market, By Vehicle Type:
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Global Automotive Transmission Pump Market, By Transmission Type:
Manual Transmissions
Automatic Transmissions
Global Automotive Transmission Pump Market, By Sales Channel:
Original Equipment Manufacturers (OEMs)
Aftermarket
Global Automotive Transmission Pump Market, By Material:
Cast Iron
Aluminum
Composite Materials
Global Automotive Transmission Pump Market, By End-User:
Passenger Cars
Commercial Vehicles
Off-highway Vehicles
Specialty Vehicles
Global Automotive Transmission Pump Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
Aisin AW Co., Ltd.
Hyundai WIA Corporation
GKN Automotive Limited
Valeo SA
Eaton Corporation
Denso Corporation
JTEKT Corporation
BorgWarner Inc.
Schaeffler AG
ZF Friedrichshafen AG
Magna International Inc.
Bosch Limited
Aisin Seiki Co., Ltd.
Metaldyne Performance Group Inc.
Hitachi Automotive Systems, Ltd.