Automotive Oil Pump Market Analysis, Size, Share, Trend, Growth and Forecast 2028

By Sachin Pashte  | Date: January 04, 2023

Automotive Oil Pump Market Analysis, Size, Share, Trend, Growth and Forecast 2028

According to seasoned experts, the size of the Global Automotive Oil Pump Market was evaluated at USD 4,230.46 million in 2021 and is anticipated to grow to USD 5,382.33 million by 2028, at a CAGR of 3.44% through 2022-2028

The study titled 'Global Automotive Oil Pump Market' examines the growth trajectory for the review timeframe by taking data, consumer trends, and development elements into account. For the purpose of assisting readers in understanding market management for the years 2022–2028, the study analyses historical and current valuations. Several important market-influencing factors, including legislative frameworks, the state of the economy, the competitive environment, demographic information, current trends, product innovations, anticipated technological advancements, and developments in related industries, had to be carefully analyzed for this research. Both primary and secondary data sources were taken into consideration to create comprehensive research.

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COVID-19 Impact:

The COVID-19 outbreak was deemed a public health emergency by the World Health Organization (WHO) due to the significant risk it posed to nations with undeveloped healthcare systems. To be clear, the automotive industry was already having trouble before the COVID-19 breakout, and now, in an effort to make up for the drop in consumer and material demand during the lockdown, less capital spending is hurting it even more. Global automotive oil pump businesses have been badly hit by the closing and suspension of operations at warehouses, manufacturing facilities, and mines all over the world. The virus may force companies to raise investment in the auto industry when the overall economy eventually recovers, which is predicted to take some time. It's also critical to keep in mind that widespread staff replacement with cutting-edge factory automation has become more challenging as a result of plant closures and worker relocations.

Segmentation & Regional Overview:

The marketplace is bifurcated on the basis of type and application. Based on type, the industry is divided into mechanical and electric oil pumps. With respect to the application landscape, worldwide automotive oil pump market is fragmented into passenger and commercial vehicles.

The regional evaluation of the industry extends to the Middle East & Africa (Africa, Saudi Arabia, UAE, Iran, Turkey, and rest of MEA), Europe (UK, France, Spain, Germany, Russia, and rest of Europe), Asia-Pacific (India, Australia, Singapore, China, Japan, New Zealand, and rest of APAC), South America (Brazil, Argentina, and rest of SA), and North America (US, Mexico, Canada).

Competitive Analysis:

Fuxin Dare Automotive Parts Co. Ltd., Tsang Yow Industrial Co. Ltd., Yamada Somboon Co. Ltd., ZF Friedrichshafen AG, Toyo Advanced Technologies Co. Ltd., Hunan Oil Pump Co. Ltd., Nidec Corporation, Robert Bosch GmbH, Sheng Long Biotech India Pvt. Ltd., Rheinmetall AG, Stackpole Electronics Inc., Mahle GmbH, Aisin Corporation, SHW AG, and Magna International Inc. among others are the major competitors in global automotive oil pump industry which are examined in terms of their advantages and disadvantages, revenue share, sales volume, and competitive dynamics.

FAQs:

What impact did COVID-19 have on companies that provide goods and services for automotive oil pumps?

What is the size of the global market for automotive oil pumps?

In the market analysis section of the study, what applications and types of automotive oil pumps are looked at?

What possibilities, challenges, and growth-related problems are included in the automotive oil pump study?

In what detail does the report on the global market for automotive oil pumps examine imports and agreements on commodity prices?

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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