Automotive Transmission Pump Market, By Type (Gear pumps, Vane pumps, and Centrifugal pumps), By Vehicle Type (Passenger cars, Light commercial vehicles (LCVs), and Heavy commercial vehicles), By Transmission Type (Manual transmissions and Automatic trans
Automotive Transmission Pump Market, By Type (Gear pumps, Vane pumps, and Centrifugal pumps), By Vehicle Type (Passenger cars, Light commercial vehicles (LCVs), and Heavy commercial vehicles), By Transmission Type (Manual transmissions and Automatic transmissions), By Sales Channel (Original equipment manufacturers (OEMs) and Aftermarket), By Material (Cast iron, Aluminum, and Composite materials), By End User (Passenger cars, Commercial vehicles, Off-highway vehicles, and Specialty vehicles), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East)
The transmission pump is the heart of the transmission system, pumping hydraulic fluid through the system. The transmission pump which is referred to as a gear 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. Various advancements in transmission technologies along with the growing demand for fuel-efficient and high-performance vehicles has been driving the automakers to increasingly adopt automatic transmissions, thereby augmenting the demand for transmission pumps in the process. Furthermore, the stringent regulations regarding vehicle emissions have also led OEMs (Original Equipment Manufacturers) to focus on developing advanced automatic transmission systems for smoother driving experience as well as better fuel economy.
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 automotive transmission pump market during the forecast period.
For instance, In 2022, 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 automotive transmission pump market, and provides market size (US$ Bn) 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 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., 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., and Hitachi Automotive Systems, Ltd..
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 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 automotive transmission pump market
Detailed Segmentation:
Automotive Transmission Pump Market, By Type:
Gear Pumps
Vane Pumps
Centrifugal Pumps
Automotive Transmission Pump Market, By Vehicle Type:
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Automotive Transmission Pump Market, By Transmission Type:
Manual Transmissions
Automatic Transmissions
Automotive Transmission Pump Market, By Sales Channel:
Original Equipment Manufacturers (OEMs)
Aftermarket
Automotive Transmission Pump Market, By Material:
Cast Iron
Aluminum
Composite Materials
Automotive Transmission Pump Market, By End User:
Passenger Cars
Commercial Vehicles
Off-highway Vehicles
Specialty Vehicles
Automotive Transmission Pump Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Top Companies in the Automobile transmission Pump Market:
Aisin AW Co., Ltd.
Strategies 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.
Hitachi Automotive Systems, Ltd.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Vehicle Type
Market Snippet, By Transmission Type
Market Snippet, By Sales Channel
Market Snippet, By Material
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis