The global Automotive Transmission Pump Market is estimated to be valued at US$ 35.08 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
The automotive transmission pump is used in different transmission systems like hydraulic and electric transmissions. The hydraulic transmission pump pressurizes transmission fluid and circulates it through the valve body and torque converter to transfer power from engine to transmission and provide smooth gear shifting. They are widely used in passenger cars, heavy commercial vehicles, off-highway vehicles and other mobility equipment.

Market Dynamics:
Increasing vehicle production is estimated to drive the growth of the automotive transmission pump market during the forecast period. As per the Organization International des Constructeurs d'Automobiles (OICA), vehicle production increased from around 86 million units in 2017 to around 95 million units in 2021 globally. Factors such as increasing income levels and changing lifestyle trends are fueling the demand for vehicles. This is likely to surge the demand for automotive transmission pumps in the coming years. Furthermore, the shift towards automatic transmission technology from manual transmission in vehicles is also expected to drive the market growth. Automatic transmission provides smoother gear shifts and better drivability for driver comfort. According to Statista, share of automatic transmission equipped cars in global vehicle production rose from around 33% in 2015 to around 40% in 2021 and it is expected to cross 45% by 2025. This shift is anticipated to propel the demand for automatic transmission pumps over the forecast period.

SWOT Analysis 

Strength: The automotive transmission pump market witnesses strong growth owing to increasing automotive production globally. Geographical expansion by key players has strengthened their distribution networks. Ongoing technological advancements have improved the efficiency of transmission pumps.

Weakness: Significant R&D investments made by players increase overall costs. Occasional transmission pump failures can damage a vehicle's transmission system.

Opportunity: Growing demand for fuel-efficient vehicles favors demand for efficient automotive transmission pumps. Partnerships between pump manufacturers and automotive OEMs facilitate innovations.

Threats: Rising raw material costs remain a challenge. Trade restrictions due to geopolitical tensions can impact supply chains.

Key Takeaways:

The Global Automotive Transmission Pump Market Size ssis expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand for fuel-efficient vehicles. Regulations regarding vehicle emissions have necessitated innovations in transmission systems.

Regional analysis The Asia Pacific region dominates the global market and is expected to maintain its leading position during the forecast period. Presence of prominent automotive hubs like China, India, and Japan drives the regional market. Increasing domestic demand for vehicles coupled with supportive government policies augment the market in Asia Pacific.

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. The market is consolidated in nature with top players accounting for major share. Key players focus on product innovations and partnerships with OEMs to strengthen their market position.

Read More:

http://insightskies.weebly.com/blog/automotive-transmission-pump-market-is-estimated-to-witness-high-growth-owing-to-rising-adoption-of-vehicular-transmission-systems