The transmission pump is the heart of the transmission system, pumping hydraulic fluid through the system. The transmission pump which is referred to as a gear pump  has two gears. One gear is powered by the torque convertor hub which engages the inside gear of the pump. The other gear in the pump is the outside gear which is driven by the inside gear. When these two gears run and rotate together, they create a suction effect that moves the transmission fluid. A transmission oil pump is used to circulate oil and maintain volumetric pressure in automatic transmission cars. A pump helps build hydraulic pressure and allow other components in the transmission to function properly. Therefore, there is an increasing demand for transmission pumps worldwide. Various advancements in transmission technologies along with the growing demand for fuel-efficient and high-performance vehicles has been driving the automakers to increasingly adopt automatic transmissions, thereby augmenting the demand for transmission pumps in the process. Furthermore, the stringent regulations regarding vehicle emissions have also led OEMs (Original Equipment Manufacturers) to focus on developing advanced automatic transmission systems for smoother driving experience as well as better fuel economy.

Market Dynamics:

Rowing demand for fuel-efficient vehicles, increasing demand for automatic vehicles, increasing number of passenger vehicles, rapid growth of the automotive industry, and increasing demand for transmission pumps are some major factors expected to propel the growth of the automotive transmission pump market during the forecast period.

For instance, In 2022, passenger vehicle sales in India witnessed an increase of 26.7% in FY23. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) sales reached around 334,247 units in May 2023, registering a 13.54% rise over the same month last year. This in turn is expected to increase demand for transmission pumps in India.

However, growing demand for electric vehicles (EVs) is expected to hamper growth of the global automotive transmission pump market.

Key features of the study:

• This report provides in-depth analysis of the automotive transmission pump market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the automotive transmission pump market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Aisin AW Co., Ltd., GKN Automotive Limited, Eaton Corporation, Denso Corporation, JTEKT Corporation, BorgWarner Inc., Schaeffler AG, ZF Friedrichshafen AG, Valeo SA, Magna International Inc., Bosch Limited, Aisin Seiki Co., Ltd., and Hitachi Automotive Systems, Ltd..
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The automotive transmission pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the automotive transmission pump market

Detailed Segmentation:

• Automotive Transmission Pump Market, By Type:
  • Gear Pumps
  • Vane Pumps
  • Centrifugal Pumps
• Automotive Transmission Pump Market, By Vehicle Type:
  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
• Automotive Transmission Pump Market, By Transmission Type:
  • Manual Transmissions
  • Automatic Transmissions
• Automotive Transmission Pump Market, By Sales Channel:
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
• Automotive Transmission Pump Market, By Material:
  • Cast Iron
  • Aluminum
  • Composite Materials
• Automotive Transmission Pump Market, By End User:
  • Passenger Cars
  • Commercial Vehicles
  • Off-highway Vehicles
  • Specialty Vehicles
• Automotive Transmission Pump Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Top Companies in the Automobile transmission Pump Market:
  • Aisin AW Co., Ltd.
  • Strategies GKN Automotive Limited
  • Valeo SA
  • Eaton Corporation
  • Denso Corporation
  • JTEKT Corporation
  • BorgWarner Inc.
  • Schaeffler AG
  • ZF Friedrichshafen AG
  • Magna International Inc.
  • Bosch Limited
  • Aisin Seiki Co., Ltd.
  • Hitachi Automotive Systems, Ltd.