AUTOMOTIVE TRANSMISSION PUMP MARKET ANALYSIS

Automotive Transmission Pump Market, By Type (Gear pumps, Vane pumps, and Centrifugal pumps), By Vehicle Type (Passenger cars, Light commercial vehicles (LCVs), and Heavy commercial vehicles), By Transmission Type (Manual transmissions and Automatic transmissions), By Sales Channel (Original equipment manufacturers (OEMs) and Aftermarket), By Material (Cast iron, Aluminum, and Composite materials), By End User (Passenger cars, Commercial vehicles, Off-highway vehicles, and Specialty vehicles), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East)

Recent Developments

Aisin Tohoku Co., is a Japan-based company primarily engaged in the manufacture and sale of automotive parts. In December 2020, announced that it’s expansion of the factory to begin production of small and medium-sized motor products, mainly electric water pumps, by 2022.
In Oct 2023, GKN Automotive, a leading global provider of drive systems, has introduced a innovative plug-and-play eDrive concept. This concept is specifically engineered to cater to the increasing demand from specialized electric vehicle manufacturers and companies involved in electric vehicle conversions. The goal is to provide modular electric drive technology that can easily integrate with diverse electric vehicle platforms.

Key Strategic Initiatives

In 2022, Bosch, is a German multinational engineering and technology announced that it acquisition of the steering and transmission pump business of Fidelium Partners, is a private investment firm that specializes in acquiring and growing businesses in a variety of industries. This acquisition gave Bosch a strong foothold in the growing market for electric vehicles, as Fidelium is a leading supplier of pumps for electric power steering and transmission systems.
In 2021, Denso, an automotive manufacturer, had acquired the North American transmission pump business of JTEKT. This acquisition gave Denso a larger share of the North American market for transmission pumps, which is expected to grow significantly in the near future.
In 2020, Aisin AW, is a global supplier of automotive components acquired the transmission pump business of Mahle, multinational company that produces a variety of automotive parts including engine systems. This acquisition gave Aisin AW a wider range of transmission pump products, which helped it to better meet the needs of its customers.