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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:
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.
Global Automotive Transmission Pump Market: Product Type
Global Automotive Transmission Pump Market: Regional Analysis
Global Automotive Transmission Pump Market Report delivers comprehensive analysis of :
Base Year Value (2022)
USD 33247.61 million
Forecast Value (2029)
USD 53373.53 million
CAGR (2022 to 2028)
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
Automotive Transmission Pump Market was valued at around USD 33247.61 million in 2022 & estimated to reach USD 53373.53 million by 2029.
Automotive Transmission Pump Market is likely to grow at compounded annual growth rate (CAGR) of 5.4% between 2023 to 2029.
Asia Pacific is the fastest-growing region in the global automobile market with high demand for cars, especially from China and India.
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.
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