North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
The transmission pump is an oil pump that circulates transmission fluid like oil through the valve body of vehicle, which in turn controls the clutches and the bands that control the planetary gear box. Transmission Pump draws oil from a sump in the bottom of the transmission and feeds it to the hydraulic system. It also feeds the transmission cooler and the torque converter. Transmission Pump is one the important part of vehicle as it controls overall displacement process of vehicle.
Technological advancements in automotive pump industry resulted into maximize the influence of Automotive Transmission Pump in boosting the efficiency of vehicles. Automotive pumps can also be used in car’s suspension system which resulted into increase in demand of Automotive Transmission Pump. Rising in preference of vehicle engines developed on advanced technologies is propelling fuel in the demand for Automotive Transmission Pump.
Asia Pacific is the fastest-growing region in the global automobile market with high demand for cars, especially from China and India. In recent years, Automatic transmissions vehicles with advance technologies provide better fuel efficiency and convenience on heavy traffic road. Greater mileage and fuel efficiency offered by automatic transmissions such as continuously variable transmissions (CVTs) is the main factor for growth of Asia Pacific Automotive Transmission Pump Market.
Global Automotive Transmission Pump Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Automotive Transmission Pump Market:
Powertrain
TRW
Magna
Nidec
Bosch Rexroth
Tsang Yow
Shenglong Group
SHW
Pierburg
Toyo Advanced Technologies
Mahle
Hunan Oil Pump
Chang Zheng Power Machine Fitting
Fuxin Dare Automotive Parts
FTE automotive
Johnson Electric
Mitsubishi Electric Corporation
Hitachi
Power & Pumps, Inc.
Rheinmetall Automotive AG
EMP
Cascon
Global Automotive Transmission Pump Market: Application Analysis
Passenger Car & Utility vehicles segment is fastest growing in Global Automobile Industry. Global sales of passenger cars are expected to reach 91 million by 2021.With tremendous growth in Automobile industry leads to boost in Global Automotive Transmission Pump Market.
Passenger Car & Utility vehicles
Light Commercial Vehicles (LCV) like vans.
Heavy Commercial Vehicles (HCV) like buses, trucks.
Global Automotive Transmission Pump Market: Product Type
Fixed displacement pump
Variable displacement pump
Global Automotive Transmission Pump Market: Regional Analysis
Automotive Transmission Pump Market was valued at around USD 33247.61 million in 2020 & estimated to reach USD 53373.53 by 2028.
Automotive Transmission Pump Market is likely to grow at compounded annual growth rate (CAGR) of 5.4% between 2021 to 2028.
segment dominated the global market in terms of revenue generation. region is likely to show the highest growth rate between 2021 to 2028.
Some of the top companies included in the research report are Powertrain, TRW, Magna, Nidec, Bosch Rexroth, Tsang Yow, Shenglong Group, SHW, Pierburg, Toyo Advanced Technologies, Mahle, Hunan Oil Pump Chang Zheng Power Machine Fitting.
Technological advancements in automotive pump industry resulted into maximize the influence of Automotive Transmission Pump in boosting the efficiency of vehicles.
Yes, the report includes COVID 19 impact on the market.
