A recent report published by Infinium Global Research on automotive electric oil pump market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive electric oil pump market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive electric oil pump market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive electric oil pump market. According to the report, the global automotive electric oil pump market is projected to grow at a CAGR of 19.8% over the forecast period of 2019-2025.
The automotive electric oil pump market is a highly competitive market with major automobile component suppliers such as Aptiv, FTE automotive, Hitachi, Johnson, Nidec, Robert Bosch, ZF Friedrichshafen and others competing with each other. The electric oil pump is a significant component of a vehicle that circulates coolant and lubricant to various parts of the car. They are mostly used in hybrid cars and the cars that have idling start-stop system.
The demand for high-end passenger vehicles is growing as a result of increasing disposable income and stabilizing the economy. This is the major driving factor for the growth of the automotive electric oil pump market. Moreover, integration of electric oil pumps improves the performance of the vehicle as well as increase the life of components and vehicle as a whole, which has contributed to the growth of automotive electric oil pump market. Furthermore, the advantages of an electric oil pump over a mechanical oil pump including functioning even after turning the engine off and functioning at high oil-pressure and flow rate have increased the demand for the automotive electric oil pump. However, the growing adoption of hub motors in the vehicles is projected to hamper the growth of the automotive electric oil pump market. As the hub motors are fitted in the wheels, the requirement for lubricant and coolant is negligible, which may eliminate the need for an oil pump. Additionally, the growing demand for hybrid vehicles is anticipated to provide the key players with promising opportunities.
Among the geographies, Asia-Pacific accounted for the largest share in the electric oil pump market with respect to revenue. The domination of the Asia-Pacific region attributed to the growing sale of hybrid and electric vehicles, stringent emission regulations and a rise in awareness regarding fuel efficiency. Followed by Asia-Pacific, Europe held the second largest share in the automotive electric oil pump market. Europe’s automotive electric oil pump market is associated with the high production of hybrid and electric vehicles.
The report on global automotive electric oil pump market covers segments such as application, vehicle type, and sales channel. On the basis of application, the sub-markets include transmission oil pump, engine oil pump, and brake oil pump. On the basis of vehicle type, the sub-markets include passenger vehicle, and commercial vehicle. On the basis of sales channel, the sub-markets include OEMs, and aftermarket.
The report provides profiles of the companies in the market such as Aptiv PLC, DENSO Corporation, FTE automotive Group, Hitachi, Ltd., HUSCO Automotive, LLC, Johnson Controls International Plc, Mikuni American Corporation, Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive electric oil pump market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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