October 14, 2024

Growing Automobile Production To Boost Growth Of The Automotive Transmission Pump Market

Market Overview:

The automotive transmission pump is a component used in automatic and manual transmission vehicles. It helps deliver transmission fluid from the transmission fluid pan or sump to the various components of the transmission system such as torque converter, transmission valve body, and gear sets. Different types of transmission pumps used include torque converter pumps, gear pumps, vane pumps, gerotor pumps, and internal gear pumps. Transmission pumps help in smoother gear shifting, improved fuel efficiency, better acceleration and deceleration, and reduced noise. Their increased usage in both automatic and manual transmission vehicles owing to technological advancements in automotive transmission systems is a major factor driving the growth of the automotive transmission pump market.

Market key trends:

One of the key trends in the automotive transmission pump market is the adoption of electric transmission pumps. With the growing focus on fuel efficiency and emission reduction, auto manufacturers are developing more advanced transmission technologies such as dual-clutch transmissions and continuously variable transmissions that require electrically-driven transmission pumps. The electric pumps provide precise voltage control for optimized transmission fluid delivery according to torque demands. They are also more efficient than mechanically-driven pumps. Leading automakers like Nissan, Toyota, and GM are increasingly integrating electric transmission pumps in their new vehicle models which is expected to drive the future growth of this segment in the market.
Porter’s Analysis

Threat of new entrants: Medium to Low. Established players hold major market share and new players require huge capital investments in manufacturing plants and technology.

Bargaining power of buyers: Medium. A large number of options available for buyers but automotive OEMs bargain for better prices and purchase in bulk to negotiate better deals.

Bargaining power of suppliers: Medium to High. Suppliers have bargaining power due to differentiated and technical nature of products however established relationships balance negotiations.

Threat of new substitutes: Low. No cost-effective substitutes exist for transmission pumps in mainstream vehicles.

Competitive rivalry: High. Intense competition among key global and regional players to gain market share through product innovation, quality and relationships with automakers.

Key Takeaways

The Global Automotive Transmission Pump Market Size is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing production of vehicles across the world.

Regional analysis: Asia Pacific dominates the market and is expected to continue its dominance during the forecast period. China, India and Japan are major automotive markets in the region with growing sales of vehicles.

Key players operating in the automotive transmission pump market are Aisin Seiki Co., Ltd., Bosch Limited, Magna International Inc., ZF Friedrichshafen AG, Schaeffler AG, BorgWarner Inc., JTEKT Corporation, Denso Corporation, Eaton Corporation, Hitachi Automotive Systems, Ltd., Valeo SA, GKN Automotive Limited, Hyundai WIA Corporation, Aisin AW Co., Ltd., Metaldyne Performance Group Inc. Key players are focused on development of efficient and durable transmission pumps to meet stringent emissions norms.

Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it
Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

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