Market Overview:
The global commercial vehicle oil pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global commercial vehicle oil pumps market is segmented on the basis of type, application and region. On the basis of type, it is divided into mechanical oil pump and electric oil pump segments. The mechanical oil pump segment dominates this market owing to its low cost and easy installation process as compared to electric oil pumps.
Product Definition:
Commercial Vehicle Oil Pumps are devices that pump oil to and from various parts of a vehicle's engine. They are important because they help keep the engine lubricated and running smoothly.
Mechanical Oil Pump:
A mechanical oil pump is a device that extracts the liquid from the container by means of mechanical displacement. The most common form of this equipment is found in vehicles, which use motor-driven mechanisms to move the oil from one place to another. These pumps are also used in some industries for transferring liquids other than petroleum such as chemical feedstock and water among others.
The global market for these products has been growing at a steady pace over the past few years.
Electric Oil Pump:
Electric oil pump is a mechanical device used to move the lubricant in an engine. It is driven by electric motor which produces no emissions and has higher efficiency as compared to reciprocating engines. The electric oil pump can deliver the required pressure even at low speeds, making it ideal for vehicles with high-performance requirements such as racing cars and motorcycles.
Application Insights:
Truck & bus was the largest application segment in 2017 and accounted for a market share of more than 60% in 2018. The demand is expected to increase owing to rising passenger traffic, rapid urbanization, and expansion of the existing transportation network. Rapid industrialization, growing population, rise in per capita disposable income are some of the key factors driving growth.
The truck & bus segment is further segregated into heavy-duty vehicles including trucks and buses used for transporting goods (intra-national) as well as light-duty vehicles including light trucks and minivans that are used on a local level intercity travel (intercity). Demand for commercial vehicle oil pumps is anticipated to grow with increasing penetration of these vehicles across logistics companies that operate on an intraregional basis or internationally delivering goods from one country to another.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030 owing to increasing demand for commercial vehicles in countries such as China and India. The growing manufacturing sector in these countries coupled with the need for transportation of goods is anticipated to drive the market growth over the forecast period.
The European market was valued at USD X million in 2017 and is projected to witness moderate growth over the forecast period owing to stringent government regulations regarding VOC emissions from diesel-powered trucks and buses along with an increase in fuel prices that are beyond control of any governmental body or organization.
Growth Factors:
- Increasing demand for commercial vehicles due to rising disposable income and globalization
- Proliferation of e-commerce and rise in online shopping
- Growing number of fleet operators and increasing demand for commercial vehicle oil pumps from them
- Technological advancements in the field of automotive oil pumps that have led to the development of more efficient and durable products
- Stringent emission norms across developed countries that are promoting the use of fuel-efficient commercial vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Oil Pumps Market Research Report
By Type
Mechanical Oil Pump, Electric Oil Pump
By Application
Truck & Bus, Off-highway
By Companies
SHW, Rheinmetall, Nidec, Hunan Oil Pump, Concentric, Rickmeier, Kracht, SHW
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Oil Pumps Market Report Segments:
The global Commercial Vehicle Oil Pumps market is segmented on the basis of:
Types
Mechanical Oil Pump, Electric Oil Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Truck & Bus, Off-highway
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SHW
- Rheinmetall
- Nidec
- Hunan Oil Pump
- Concentric
- Rickmeier
- Kracht
- SHW
Highlights of The Commercial Vehicle Oil Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Oil Pump
- Electric Oil Pump
- By Application:
- Truck & Bus
- Off-highway
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Oil Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial vehicle oil pumps are used to transfer oil from the engine of a commercial vehicle to an external storage tank.
Some of the major players in the commercial vehicle oil pumps market are SHW, Rheinmetall, Nidec, Hunan Oil Pump, Concentric, Rickmeier, Kracht, SHW.
The commercial vehicle oil pumps market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Oil Pumps Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Commercial Vehicle Oil Pumps Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Commercial Vehicle Oil Pumps Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Commercial Vehicle Oil Pumps Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Commercial Vehicle Oil Pumps Market Size & Forecast, 2018-2028 4.5.1 Commercial Vehicle Oil Pumps Market Size and Y-o-Y Growth 4.5.2 Commercial Vehicle Oil Pumps Market Absolute $ Opportunity
Chapter 5 Global Commercial Vehicle Oil Pumps Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Vehicle Oil Pumps Market Size Forecast by Type
5.2.1 Mechanical Oil Pump
5.2.2 Electric Oil Pump
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Vehicle Oil Pumps Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Vehicle Oil Pumps Market Size Forecast by Applications
6.2.1 Truck & Bus
6.2.2 Off-highway
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Oil Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Oil Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Vehicle Oil Pumps Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Vehicle Oil Pumps Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Vehicle Oil Pumps Market Size Forecast by Type
9.6.1 Mechanical Oil Pump
9.6.2 Electric Oil Pump
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Vehicle Oil Pumps Market Size Forecast by Applications
9.10.1 Truck & Bus
9.10.2 Off-highway
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Vehicle Oil Pumps Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Vehicle Oil Pumps Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Vehicle Oil Pumps Market Size Forecast by Type
10.6.1 Mechanical Oil Pump
10.6.2 Electric Oil Pump
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Vehicle Oil Pumps Market Size Forecast by Applications
10.10.1 Truck & Bus
10.10.2 Off-highway
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Vehicle Oil Pumps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Vehicle Oil Pumps Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Vehicle Oil Pumps Market Size Forecast by Type
11.6.1 Mechanical Oil Pump
11.6.2 Electric Oil Pump
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Vehicle Oil Pumps Market Size Forecast by Applications
11.10.1 Truck & Bus
11.10.2 Off-highway
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Vehicle Oil Pumps Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Vehicle Oil Pumps Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Vehicle Oil Pumps Market Size Forecast by Type
12.6.1 Mechanical Oil Pump
12.6.2 Electric Oil Pump
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Vehicle Oil Pumps Market Size Forecast by Applications
12.10.1 Truck & Bus
12.10.2 Off-highway
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Vehicle Oil Pumps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Vehicle Oil Pumps Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Vehicle Oil Pumps Market Size Forecast by Type
13.6.1 Mechanical Oil Pump
13.6.2 Electric Oil Pump
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Vehicle Oil Pumps Market Size Forecast by Applications
13.10.1 Truck & Bus
13.10.2 Off-highway
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Oil Pumps Market: Competitive Dashboard
14.2 Global Commercial Vehicle Oil Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SHW
14.3.2 Rheinmetall
14.3.3 Nidec
14.3.4 Hunan Oil Pump
14.3.5 Concentric
14.3.6 Rickmeier
14.3.7 Kracht
14.3.8 SHW