Transparency Market Research has announced the addition of the “Automotive Oil Pump Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2017 - 2025" report to their offering.
Albany, NY -- (SBWIRE) -- 12/12/2017 -- Automotive oil pumps are primarily used to pump lubricating and cooling oil within the engine of a vehicle. Every vehicle needs an oil pump to lubricate the internal components, namely, pistons, camshaft, bearings, crankshaft, etc. Without lubrication, friction, wear, and tear will cease the engine and cause damage to the internal components. Hence, a lubricating oil is circulated at high pressure. Lubrication systems, thus oil pumps, vary in accordance with the usage of the automobile, such as an off road vehicle, a normal passenger car, or a heavy commercial vehicle.
Automotive oil pumps are an integral part of every vehicle that is manufactured. Rising demand for vehicles and improving manufacturing processes are prime drivers for the global demand for automotive oil pumps. Furthermore, the need to improve the life of a vehicle and engine by reducing wear & tear and improving cooling also are contributing to the increased demand for automotive oil pumps. Hence, the demand for automotive oil pumps is high, especially in production hubs of the world, namely, China, India, and Southeast Asia. An automotive oil pump doesn't have any prominent substitutes; however, the shifting trend toward electric vehicles can hamper the automotive oil pump market in the near future. Electric vehicles completely eliminate the usage of oil pumps, as the power required to drive the vehicle is supplied by electric motors and not combustion engines.
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Based on discharge, the global automotive oil pump market is segregated into fixed displacement automotive oil pump and variable displacement automotive oil pump. The variable displacement automotive oil pump segment holds a prominent share of the global market. Variable oil pumps have the ability to vary the discharge of circulating oil depending upon the requirement. Based on type, the market can be segmented into electric oil pumps and mechanical oil pumps. As the name suggests, electric oil pumps consume electricity for their operation, while mechanical oil pumps are driven by mechanical energy, usually crankshaft-driven or chain-driven. Both types have specific advantages, namely, electric oil pumps are simpler and highly suitable for compact and small applications. They avoid the necessity to incorporate complicated driving subassemblies. However, for heavy applications, mechanical pumps prove to be more sturdy and tough. In terms of type of vehicle, the automotive oil pump market can be segregated into passenger vehicles, light commercial vehicles, and medium & heavy vehicles. Based on the vehicle segment, the type, discharge, and even the capacity of the pump varies.
In terms of geography, the global automotive oil pump market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is the key market for automotive oil pump due to the well-developed manufacturing and automotive industries in the countries of the region such as China, India, and ASEAN. China and India have prominent automotive manufacturing facilities and hence, witness a considerable demand for automotive oil pumps. Followed by Asia Pacific, Europe and North America also witness a substantial demand for automotive oil pumps. Furthermore, the advanced and sturdy automotive industry in Germany, Italy, and the U.S. is a key factor fuelling the significant demand for automotive oil pumps in these countries.
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Key players operating in the global automotive oil pump market include MAHLE GmbH, Rheinmetall Automotive, Robert Bosch GmbH, AISIN SEIKI Co. Ltd., Magna International, Hitachi Automotive Systems Americas, Inc., and Johnson Electric.