The global transmission oil pumps market is expected to witness a significant growth due rapid increase in demand for automatic cars, especially in emerging economies such as China, India, Brazil, Russia, and others.
Portland, OR -- (SBWIRE) -- 09/06/2017 -- Transmission Oil Pumps are either fixed displacement or variable displacement pumps, which are used in vehicles having automatic transmission. Displacement is the volume of fluid moved by the pump during each cycle. A fixed displacement pump moves a fixed amount of fluid with each cycle and the rate of transmission totally depends on the speed of the engine. As the engines speed increases, the pumps flow rate increases. Depending on the driving cycle and control strategy, transmission oil pumps reduce the overall CO2 emissions of a vehicle by approximately 3-4%. Furthermore, in automatic transmissions, the controlled pump offers huge benefits with respect to variable shifting, fuel efficiency, and control strategies.
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The global transmission oil pumps market is expected to witness a significant growth due rapid increase in demand for automatic cars, especially in emerging economies such as China, India, Brazil, Russia, and others. This huge demand is attributed to rise in per capita disposable incomes and increase in consumer spending. Moreover, surge in demand for electrical transmission oil pumps is a major factor fueling the market growth. Furthermore, technological advancements and increase in R&D activities accelerate the growth of the market. However, introduction of cheaper alternatives is a major factor that hampers the market growth.
The global transmission oil pumps market is segmented on the basis of type, displacement type, application, and geography. Based on type, the market is categorized into vane type, gear type, and rotor type. By displacement type, it is classified into fixed displacement and variable displacement. The applications covered in the study include passenger cars, light commercial vehicles, and heavy commercial vehicles. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The major players operating in the global market are focusing on key market strategies such as mergers, acquisitions, collaborations, and partnerships.
Some of the key players in the global market include:
- Stackpole International
- TRW Automotive
- Magna Closures Automotive Pvt. Ltd.
- Nidec Corporation
- Bosch Rexroth
- Tsang Yow Industrial Co. Ltd.
- Shenglong Group
- SHW Company
- KSPG Group
- Toyo Advanced Technologies