According to Technavio’s latest market research study by Technavio, the global transmission oil pump market is expected to grow at a CAGR of close to 6% during the forecast period 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global transmission oil pump market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
|
APPLICATION |
MARKET SHARE 2015 (%) |
|
Passenger cars |
90% |
|
LCV |
8% |
|
MCV |
2% |
Source: Technavio
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Global transmission oil pump market in passenger cars: The biggest growth of automatic transmission in passenger cars comes from the Americas, of which the US and Canada account for the highest penetration.
“In the Americas, maximum passenger cars have automatic transmission. Most of the people in the US prefer automatics over manual due to the volume of traffic on the roads,” says Praveen Kumar, a lead analyst at Technavio for research on powertrain.
In 2015, APAC had a good market size of transmission oil pumps in passenger cars segment and is likely to post an impressive growth by 2020. In fact, APAC is expected to surpass the Americas regarding market size volume for transmission oil pump in passenger cars by 2020.
Global transmission oil pump market in LCV segment: The Americas was projected to have the largest market share in the LCV segment, followed by APAC and EMEA. In APAC countries, such as China and India, there is a greater potential for growth in the LCV segment. There will be more plants installed for automatic transmissions in these regions as it is still in its growing phase.
Global transmission oil pump market in M&HCV segment: The Americas accounts for the highest market share for transmission oil pumps in the M&HCV segment. In APAC, Japan has a maximum penetration of automatic transmissions in medium commercial vehicles. These vehicles are mainly used in school buses, food trucks, and municipality trucks.
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The top vendors operating in the global transmission oil pumps market are:
- KSPG
- Magna
- MAHLE
- Bosch Rexroth
The other prominent vendors in the market include Continental, FTE automotive, Nidec, and Toyo Advanced Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Transmission Oil Pump Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Pumps Market 2016-2020
- Global Industrial Lobe Pump Market 2016-2020
- Global Submersible Pump Market 2015-2019
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