Market Overview:
The global oil pump 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 oil pumps from various applications, such as OEM and AM. Additionally, the growing demand for electric oil pumps is also contributing to the growth of this market. However, volatility in crude oil prices may restrain the growth of this market during the forecast period. The global oil pump market can be segmented on the basis of type into electric oil pump and mechanical oil pump.
Product Definition:
An oil pump is a device used to move oil from one location to another. It may be used in an engine to lubricate moving parts or it may be used in a hydraulic system to transmit power.
Electric Oil Pump:
Electric oil pump is a mechanical device used to move liquid in a closed circuit. It is mostly used in the automotive industry for moving engine oil and other liquids at high pressure. The electric oil pump can be easily substituted with the manual one as they both have similar working principles, but where the electric one saves power by eliminating the need for a hand cranking mechanism.
The global market for electric oil pumps was estimated at USD 856 million in 2016.
Mechanical Oil Pump:
Mechanical oil pump is a mechanical device used to move liquid in a closed circuit. It is mostly used for transferring fuel from one place to another. These pumps are mainly used in reciprocating engines, steam engines, and hydraulic power plants where the flow of liquids needs to be increased with high pressure and viscosity without any interruption.
Application Insights:
OEM application dominated the global oil pump market in 2017, accounting for over 60.0% share of the total revenue. The growth of this segment can be attributed to increasing product demand from various OEMs across the world. For instance, in June 2016, Mitsubishi Electric Power Products Inc., a U.S.-based manufacturer announced about entering into an agreement with Rosneft Oil and Gas JV to manufacture three units with a capacity of 300-horsepower each for use in offshore fields located near Russia¢â‚¬â„¢s shoreline.
The AM segment is expected to witness significant growth over the forecast period owing to rising demand from emerging markets such as China and India along with stable economic development and industrialization taking place within these regions since past few decades coupled with increasing population density has resulted in rapid urbanization which has further increased energy consumption leading to growing adoption rate among consumers especially within developing countries like China.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of OEMs as well as aftermarket service providers, which boosts product sales. Furthermore, rising demand for diesel engines in developing economies such as China and India is anticipated to drive product demand over the forecast period.
North America was estimated to be valued at USD X million in 2017 owing to high consumption of oil products for industrial applications such as food processing and chemical manufacturing among others. Rising automotive production mainly due to strong presence of key manufacturers including General Motors Company; Ford Motor Company; Fiat Chrysler Automobiles N VMI; Toyota Industries Corporation will also have a positive impact on regional growth over the next eight years from 2018to 2030 time frame).
Growth Factors:
- Increasing demand for oil in developing countries
- Rising prices of crude oil in the international market
- Technological advancements in the field of oil production and exploration
- Stringent environmental regulations to reduce carbon emissions
- Growing concerns over energy security
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Pump Market Research Report
By Type
Electric Oil Pump, Mechanical Oil Pump
By Application
OEM, AM
By Companies
STACKPOLE, TRW, Magna, Nidec, Bosch Rexroth, Tsang Yow, Shenglong Group, SHW, Pierburg (KSPG), Toyo Advanced Technologies, Mahle, Hunan Oil Pump, Chang Zheng Power Machine Fitting, Fuxin Dare Automotive Parts
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Oil Pump Market Report Segments:
The global Oil Pump market is segmented on the basis of:
Types
Electric Oil Pump, Mechanical 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
OEM, AM
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:
- STACKPOLE
- TRW
- Magna
- Nidec
- Bosch Rexroth
- Tsang Yow
- Shenglong Group
- SHW
- Pierburg (KSPG)
- Toyo Advanced Technologies
- Mahle
- Hunan Oil Pump
- Chang Zheng Power Machine Fitting
- Fuxin Dare Automotive Parts
Highlights of The Oil Pump 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:
- Electric Oil Pump
- Mechanical Oil Pump
- By Application:
- OEM
- AM
- 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 Oil Pump 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?
An oil pump is a device that uses the energy of an engine to move oil or other fluid substances.
Some of the key players operating in the oil pump market are STACKPOLE, TRW, Magna, Nidec, Bosch Rexroth, Tsang Yow, Shenglong Group, SHW, Pierburg (KSPG), Toyo Advanced Technologies, Mahle, Hunan Oil Pump, Chang Zheng Power Machine Fitting, Fuxin Dare Automotive Parts.
The oil pump market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil Pump Market - Supply Chain
4.5. Global Oil Pump Market Forecast
4.5.1. Oil Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Pump Market Absolute $ Opportunity
5. Global Oil Pump Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil Pump Market Size and Volume Forecast by Type
5.3.1. Electric Oil Pump
5.3.2. Mechanical Oil Pump
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Pump Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil Pump Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. AM
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Pump Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil Pump Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil Pump Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil Pump Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil Pump Demand Share Forecast, 2019-2026
9. North America Oil Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil Pump Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil Pump Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. AM
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Pump Market Size and Volume Forecast by Type
9.7.1. Electric Oil Pump
9.7.2. Mechanical Oil Pump
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil Pump Demand Share Forecast, 2019-2026
10. Latin America Oil Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil Pump Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil Pump Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. AM
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Pump Market Size and Volume Forecast by Type
10.7.1. Electric Oil Pump
10.7.2. Mechanical Oil Pump
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil Pump Demand Share Forecast, 2019-2026
11. Europe Oil Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil Pump Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil Pump Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. AM
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Pump Market Size and Volume Forecast by Type
11.7.1. Electric Oil Pump
11.7.2. Mechanical Oil Pump
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil Pump Demand Share, 2019-2026
12. Asia Pacific Oil Pump Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil Pump Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil Pump Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. AM
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Pump Market Size and Volume Forecast by Type
12.7.1. Electric Oil Pump
12.7.2. Mechanical Oil Pump
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil Pump Demand Share, 2019-2026
13. Middle East & Africa Oil Pump Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil Pump Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil Pump Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. AM
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil Pump Market Size and Volume Forecast by Type
13.7.1. Electric Oil Pump
13.7.2. Mechanical Oil Pump
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil Pump Market: Market Share Analysis
14.2. Oil Pump Distributors and Customers
14.3. Oil Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. STACKPOLE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TRW
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Magna
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nidec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bosch Rexroth
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tsang Yow
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shenglong Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SHW
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pierburg (KSPG)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toyo Advanced Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mahle
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hunan Oil Pump
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chang Zheng Power Machine Fitting
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fuxin Dare Automotive Parts
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
