Automotive Electric Oil Pump Market: North America's Dominance and Rapid Growth

The Automotive Electric Oil Pump Market Size is on track for significant growth, with an expected CAGR of 19.8% during the forecast period from 2024 to 2030. The market, valued at USD 8.99 billion in 2023, is projected to reach USD 31.86 billion by 2030, driven by increased demand for efficient, fuel-saving technology in the automotive sector.

OEM Segment Dominates

The Original Equipment Manufacturer (OEM) segment is poised for the highest growth, with more units produced yearly due to cost-effective mass production and strategic partnerships between automakers and suppliers.

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Automotive Electric Oil Pump Market Country-Specific Insights

United States: Automotive Electric Oil Pump Growth in the US

The US automotive market is experiencing an uptick in electric vehicle adoption, driving demand for automotive electric oil pumps. Bosch, Delphi Automotive, and Johnson Electric are leading players in the country, focusing on strategic acquisitions and product innovations.

United Kingdom: Opportunities in UK Automotive Market

The UK government’s commitment to a net-zero carbon emission target by 2050 is spurring growth in the electric vehicle and automotive oil pump markets. Magna International is a key player in the UK market, contributing to the push for cleaner, more efficient automotive technologies.

Germany: Consolidation in the German Market

Germany remains a leader in the automotive industry, with major manufacturers like Volkswagen and BMW prioritizing the integration of electric pumps into their vehicles. In 2022, Bosch made significant strides by expanding its presence in Germany, solidifying its market leadership.

Japan: Trends in Japanese Automotive Sector

Japan's automotive sector, with giants like Toyota and Honda, is increasingly integrating electric oil pumps in their vehicle production lines. The nation’s drive towards fuel-efficient and low-emission vehicles is shaping a competitive market environment.

Italy: Automotive Electric Oil Pump Opportunity in Italy

Italy’s automotive industry is experiencing steady growth in electric vehicle production, particularly among brands like Fiat and Ferrari. The country’s commitment to sustainability is paving the way for the adoption of electric oil pumps, offering numerous opportunities for suppliers.

France: Updates in the French Market

Valeo and Sogefi are major players in France, working on the latest technologies for the automotive electric oil pump market. With a government focus on reducing CO2 emissions, the demand for energy-efficient automotive components is on the rise.

Spain: Growth Trends in Spain’s Automotive Industry

Spain is witnessing an increase in the demand for fuel-efficient vehicles, aided by government incentives for electric and hybrid cars. Spanish automakers are increasingly adopting electric oil pumps in line with the EU’s green automotive agenda.

Austria: Consolidation and Mergers in Austria

Austria’s automotive sector is experiencing consolidation with significant mergers such as the acquisition of Mikuni by Robert Bosch GmbH, focusing on developing more sustainable automotive components like electric oil pumps.

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Automotive Electric Oil Pump Market Segment Analysis:

by Electric Vehicle Type

Battery Electric Vehicle

Hybrid Electric Vehicle

Plug-in Hybrid Electric Vehicle

by Vehicle Type

Passenger Vehicles

Commercial Vehicles

During the projected period, the passenger car segment is anticipated to develop at the highest CAGR, depending on the kind of vehicle. This is explained by rising passenger car production and demand in developing nations like Brazil, China, and India. The segment's growth would be further supported by strict government laws pertaining to lower emission automobiles and standards like EURO 6. Additionally, the rapidly growing demand for commercial vehicles in developing nations as a result of increased industrialisation and the rise of the construction sector is anticipated to support the commercial vehicles segment's growth over the forecast period.

by Application

Transmission Oil Pump

Engine Oil Pump

Brake Oil Pump

The automobile electric oil pump market is divided into OEM and aftermarket segments based on the distribution channel. Because more electric oil pump units are produced annually, the OEM category is anticipated to develop at the highest CAGR throughout the course of the projection period. It is supported by stable economies and low labour costs, which aid in the localisation of manufacturing facilities for major OEMs and are likely to result in the removal of high import duty rates. Given the agreements between OEMs and component suppliers, incentives offered to OEMs, and lower production costs due to mass production, the cost of an electric oil pump is lower for OEMs.

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Automotive Electric Oil Pump Market, Major Players are:

1. FTE automotive

2. Hitachi Automotive

3. Rheinmetall Automotive AG

4. Johnson Electric

5. Nidec Corporation

6. Mitsubishi Electric

7. Mikuni American Corporation

8. Magna International

9. HUSCO Automotive

10. MAHLE Group

11. Delphi Automotive PLC.

12. Robert Bosch GmbH

13. DENSO CORPORATION

14. ZF Friedrichshafen AG

15. AISIN SEIKI

16. SHW AG

17. Aptiv PLC

18. BorgWarner Inc.

19. SHW AG

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