Transmission Oil Pump Market: Introduction
Transmission oil pump is one the important part of the vehicle as it controls the overall displacement process of the vehicle. Transmission pump draws oil from a slump in the bottom of the transmission and feeds it to the hydraulic system. Transmission oil pump pressurizes automatic transmission fluid (ATF) to supply oil to the hydraulic actuator through the valve body of vehicle. The pump allows other components in the transmission to function properly.
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In automatic transmissions, the transmission oil pump offers numerous benefits with respect to variable shifting, control strategies, and fuel efficiency. The transmission pump is enhanced to achieve maximum pump efficiency, and to reduced CO2 emissions to meet the demand for green solutions.
Transmission Oil Pump Market: Market Dynamic
Demand from automatic transmission vehicles need transmission oil pumps for their optimal working, has been instrumental primarily driving the sales of transmission oil pumps which is further expected to gain traction in the upcoming years. The growth rate of the market is expected on the slower side owing to sound product life cycle. However with the increasing vehicle fleet on road and penetration of automatic transmission based vehicles, the factor would be offset to a good extent. The notable trend witnessed in transmission oil pumps market are increase in R&D activities, and technological advancements pursued by the manufactuers.
However, automatic manual transmission has low mechanical efficiency and high adoption which is expected to hamper the growth. Moreover, the introduction of cheaper alternatives is a major factor that hinders the market growth.
Transmission Oil Pump Market: Regional Outlook
The Asia Pacific is expected to be the rapid growing region in the global transmission oil pump market due to the high demand of automatic cars in India and China. In developing countries, there are plants for the production of automatic transmission LCVs, and it eventually helps to high growth for the LCV segment. North America is estimated to follow by the Asia Pacific region and witnessing healthy growth in the transmission oil market. In the North America region, US and Canada are the notable contributors in the transmission oil pump market owing to the fact of highest penetration for automatic transmission vehicles in the region. Europe is expected to follow by North America, and it anticipated to follow the same trend over the forecast period. The Middle East & Africa is slightly behind the other regions as this region provides consumers with an abundance of choices in LCVs.The Middle East & Africa region also has strict regulations to stick to the stringent CO2 emission standards. Latin America is predicted to have a low share in overall transmission oil pump market.
The major manufacturer of transmission oil pump focusing on to fulfill needs and wants of their customers. The manufacturer also engage in adoption of new manufacturing techniques, product development, and product innovations.
Transmission Oil Pump Market: Segmentation
The global transmission oil pump market can be segmented on the basis of product type, and application
On the basis of Product Type, the global transmission oil pump market has been segmented into:
- Fixed Displacement Pumps
- Variable Displacement Pumps
On the basis of application, the global transmission oil pump market has been segmented into:
- Passenger vehicles
- LCV
- HCV
- Midsize vehicles
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Transmission Oil Pump Market: Market Participants
Some of the key market participants in the global transmission oil pump market are:
- Nidec Corporation
- PIERBURG, S.A
- TRW Automotive
- Magna International Inc.
- MAHLE GmbH
- Bosch Rexroth
- Powertrain (STACKPOLE)
- Tsang Yow Industrial Co., Ltd.
- Sherwin-Williams Company
- Hunan Oil Pump Co., Ltd
- Toyo Advanced Technologies
- Chang Zheng Power Machine Fitting
- Fuxin Dare Automotive Parts
- FTE automotive
- Stackpole International
- Continental AG
- Shenglong Group