Automobile Oil Pump Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application, by End-User : Global Opportunity Analysis and Industry Forecast, 2024-2033

Market Introduction and Definition 

The automobile oil pump market refers to the global industry involved in the manufacturing, distribution, and sale of oil pumps used in various applications across multiple sectors. Automobile oil pump market are mechanical devices designed to pump or circulate oil within machinery, engines, or systems to ensure proper lubrication, cooling, and functionality. They play a crucial role in maintaining the operational efficiency and longevity of engines, industrial machinery, vehicles, and other equipment that rely on lubricating oil for smooth operation. 

The automobile oil pump market encompasses a wide range of pump types, including positive displacement pumps, centrifugal pumps, gear pumps, vane pumps, and others, each suited for specific applications and operating conditions. These pumps are utilized in diverse industries such as automotive, industrial manufacturing, oil & gas, aerospace, power generation, marine, and others. 

Key Takeaways 

• The oil pump market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Million) for the projected period 2023-2032. 

• More than 1,500 product literatures, industry releases, annual reports, and other such documents of major oil pump industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights. 

• The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.  

Recent Key Strategies and Developments 

•  January 2021:?Sichuan Airlines has chosen Honeywell's 131-9A Oil Pump (APUs) for its A320 fleet, marking a significant five-year agreement. Under this deal, Honeywell will supply the 131-9A APU for Sichuan Airline's upcoming 93 new A320 aircraft, set to be operational by 2025. 

•  In May 2023, Honeywell and MY Airline signed their first contract for APU maintenance on the airline's fleet of Airbus A320 aircraft. As per the terms of the contract, Honeywell would provide APU maintenance services to MY Airline for its 131-9A APUs, to ensure sustained operational uptime, flight safety, and reliability for its fleet of 22 aircraft. 

Key Market Dynamics 

The rise in automotive industry is a significant driver of the automobile oil pump market. The expansion of the automotive sector, particularly in emerging economies, is driving the demand for oil pumps. Increasing vehicle production and sales, coupled with stringent emissions regulations requiring efficient lubrication systems, are significant drivers of the automobile oil pump market forecast. Furthermore, rise in industrialization and infrastructure development, and technological advancement have driven the demand for the automobile oil pump market size.

However, high initial investment cost has hampered the growth of the automobile oil pump market share. Initial cost of purchasing and installing oil pumps, especially advanced and high-performance models, can be substantial for end-users. This high upfront investment may deter some buyers, particularly in sectors with budget constraints or uncertain market conditions, acting as a restraint on market growth. Moreover, volatility in oil price and environmental concern are major factors that hamper the growth of the automobile oil pump market growth. On the contrary, ongoing urbanization and infrastructure projects, particularly in developing regions, present significant opportunities for the automobile oil pump industry. Investments in construction, transportation, and utilities infrastructure require robust lubrication systems, driving demand for oil pumps in various applications. 

Fuel Efficiency and Emission Reduction of Global Automobile Oil Pump Market  

With increasing emphasis on reducing fuel consumption and greenhouse gas emissions, industries such as automotive, aerospace, and industrial manufacturing are seeking energy-efficient solutions, including automobile oil pump industry. Manufacturers are developing pumps with improved efficiency, reduced friction, and optimized fluid dynamics to minimize energy consumption and enhance fuel efficiency in engines and machinery. Variable displacement oil pumps are gaining traction due to their ability to adjust oil flow rates according to engine or equipment demand, optimizing lubrication and reducing energy wastage. These pumps enhance fuel efficiency by delivering the required oil pressure and flow only when necessary, contributing to lower fuel consumption and emissions. 

Electric oil pumps are increasingly replacing traditional mechanical pumps in automotive applications, especially in hybrid and electric vehicles (EVs) . Electric pumps offer precise control over oil flow and pressure, reducing parasitic losses associated with mechanical drive systems. By decoupling oil pump operation from engine speed, electric pumps improve fuel efficiency and reduce emissions, particularly during engine start-stop events and low-load conditions. 

Market Segmentation 

The automobile oil pump market is segmented into type, application, end-user industry, and region. On the basis of type, the market is segmented into positive displacement oil pumps, centrifugal oil pumps, gear oil pumps, vane oil pumps, rotor oil pumps, axial piston oil pumps, and others. As per application, the market is segregated into passenger cars and commercial vehicles, industrial machinery, aerospace, oil and gas, power generation, marine, and others. On the basis of end-user, the market is segmented into automotive OEMs, automotive aftermarket, industrial manufacturing, oil and gas exploration and production, aerospace OEM, power generation plants, marine industry, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East Africa. 

Regional/Country Market Outlook 

North America is home to some of the world's largest automotive manufacturers and a significant consumer base for vehicles. The region's robust automotive industry, including the production of passenger cars, commercial vehicles, and heavy-duty trucks, drives substantial demand for automobile oil pumps used in engines and transmissions. The region's automotive and industrial sectors are characterized by continuous technological advancements and innovations in automobile oil pump design, materials, and manufacturing processes. North American companies invest heavily in research and development to develop high-performance, energy-efficient, and reliable automobile oil pump solutions that cater to diverse customer needs and market demands.  

North America has stringent emission regulations and fuel economy standards aimed at reducing greenhouse gas emissions and improving air quality. Compliance with these regulations necessitates the adoption of advanced automobile oil pump technologies that contribute to fuel efficiency, lower emissions, and cleaner combustion in automotive and industrial applications. The region's industrial sector, including manufacturing, construction, and mining industries, relies on heavy machinery and equipment with robust lubrication systems. automobile oil pump market size are essential components in industrial machinery, ensuring proper lubrication, cooling, and performance optimization, thereby driving demand for oil pumps in North America.  

• In February 2024, China Southern Airlines and Lufthansa Technik have inked an exclusive eight-year contract, focusing on technical support for the Oil Pump within the Chinese carrier's A350 fleet, totaling 20 aircraft. Under this long-term agreement, Lufthansa Technik will deliver comprehensive maintenance, repair, and overhaul (MRO) services for the Honeywell HGT1700 in the company's dedicated APU workshops situated in Hamburg, Germany. 

• Honeywell's renowned 131 Series of Oil Pump has achieved remarkable success, accumulating over 100 million hours of in-service use. Originally designed for the Boeing MD-90, the 131-9D quickly garnered popularity and became standard equipment for the Boeing 737NG family of aircraft. Additionally, it was selected by airlines for the Airbus A320 family and chosen as the APU for Airbus A220 aircraft, further solidifying its position as a trusted and widely adopted auxiliary power unit in the aviation industry. 

• January 2021:?Sichuan Airlines has chosen Honeywell's 131-9A Oil Pump (APUs) for its A320 fleet, marking a significant five-year agreement. Under this deal, Honeywell will supply the 131-9A APU for Sichuan Airline's upcoming 93 new A320 aircraft, set to be operational by 2025. 

• In June 2023, PBS, a renowned aerospace manufacturer, unveiled a new auxiliary power unit (APU) at the Paris Air Show. The Paris Air Show is a prestigious event in the aviation industry, serving as a platform for companies to showcase their latest innovations and technologies. 

Competitive Landscape 

The report analyzes the profiles of key players operating in the oil pump market such as Aisin Seiki Co., Ltd., Continental AG, BorgWarner Inc., Denso Corporation, Honeywell International Inc., Johnson Electric Holdings Limited, Magna International Inc., MAHLE GmbH, Robert Bosch GmbH, and SHW AG. These players have adopted various strategies to increase their market penetration and strengthen their position in the oil pump market. 

Industry Trends

• In May 2023, BrogWarner Inc. announced the acquisition of Rhombus Energy Solution in order to speed up organic growth and expand the charging business’ regional presence in North America, while complementing BrogWarner’s current charging infrastructure in Europe. 

• In February 2022, Moroso Performance Product, based in the U.S., introduced an external, single-stage oil pump with reverse rotation and a fuel pump drive. The new reverse rotation pump is situated toward the front of the car on a mounting bracket resembling the left side door on a car. It has internal pumps for simplicity of adjustment and an exterior pump that operates cooler. 

• In January 2022, Toyoda Gosei Co, Ltd., a Japan-based maker of plastic and rubber automobiles, created a lightweight oil pump by fabricating a few parts of the pump out of a plastic rather than metal. The business used its special precision molding technology to create plastic oil pump gears and other modules. This has helped reduce the weight of the pump by about 30%. The pump is expected to be utilized on the hybrid Noah and Voxy models that Toyota Motor has created. 

• In March 2024, Hyundai, a leading automotive manufacturer, has taken proactive measures by announcing a voluntary recall for a specific set of vehicles in India. The recall involves 7, 698 units of the Hyundai Creta SUV and Verna sedan models. The focus of this recall is on variants of these models that are powered by a 1.5-litre naturally aspirated petrol engine and equipped with a CVT (Continuously Variable Transmission) automatic gearbox. This specific engine and transmission combination is the target of the recall. 

Key Sources Referred 

1. INTERNATIONAL ENERGY OUTLOOK 

2. Environmental and Energy Study Institute (EESI)  

3. U.S. Department of Energy 

4. ITRI Ltd. 

5. International Hydropower Association 

6. International Energy Agency 

7. World Economic Forum 

8. European Association for Storage of Energy 

Key Benefits for Stakeholders 

• This report provides a quantitative analysis of the segments, current trends, estimations, and dynamics of the automobile oil pump market from 2022 to 2032 to identify the prevailing automobile oil pump market opportunity. 

• The market research is offered along with information related to key drivers, restraints, and opportunities. 

• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. 

• In-depth analysis of the automobile oil pump market segmentation assists to determine the prevailing market opportunities. 

• Major countries in each region are mapped according to their revenue contribution to the global oil pump market statistics. 

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

• The report includes the analysis of the regional as well as global automobile oil pump market trends, key players, market segments, application areas, and market growth strategies.