by The automotive transmission pump is an integral part of automatic and dual-clutch transmission systems in automobiles. It acts as the prime mover, pumping transmission fluid from the sump of the transmission unit and circulating it throughout the drivetrain components to enable smooth gear shifts. Electric vehicles and hybrid vehicles utilize the same transmission systems as conventional internal combustion engine vehicles, albeit with modifications to integrate the electric powertrain. Thus, with the ongoing transition toward electric and hybrid vehicles worldwide, the demand for advanced transmission pumps is anticipated to rise exponentially over the coming years.
The global Automotive Transmission Pump Market is estimated to be valued at US$ 40.42 Bn in 2024 and is expected to exhibit a CAGR of 25% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the automotive transmission pump market size is the development of variable displacement pumps. Traditionally, transmission pumps operate at a fixed flow rate regardless of demand. However, variable displacement pumps can precisely modulate hydraulic fluid flow based on load conditions, improving fuel efficiency. Leading pump manufacturers are investing in design and technology advancements to introduce variable displacement pumps across more vehicle platforms. Another notable trend is the increasing preference for electric transmission pumps. Compared to conventional mechanical pumps, electric pumps offer design flexibility and precise controllability. Manufacturers are developing fully electric solutions as well as hybrid pumps combining electric motors with mechanical components. This enables optimizing transmission fluid pump operations specific to electric powertrains.
Porter’s Analysis
Threat of new entrants: Low-moderate. Significant capital requirements and established supplier relationships create barriers.
Bargaining power of buyers: Moderate-high. Large automakers can influence pricing and innovation through scale.
Bargaining power of suppliers: Moderate. Transmission specialists face pressure but innovation maintains differentiation.
Threat of new substitutes: Low. Alternatives like EVs gaining share slowly against established drive systems.
Competitive rivalry: High. Intense focus on efficiency, shifting demands intensify rivalry amongst transmission specialists.
Key Takeaways
The global automotive transmission pump market is expected to witness high growth.
The Asia Pacific region currently dominates the market due to high vehicle production in countries like China and India. Transmission systems are undergoing technological changes to improve efficiency and performance of vehicles.
Key players: Key players operating in the automotive transmission pump market are Facebook, Inc., Kiwi, Inc., Astute Solutions, Google, Inc., Pandorabots, Inc., Haptik, Inc., Yahoo Inc., Helpshift, ToyTalk (PullString Inc.), Imperson Ltd., Slack Technologies, Inc., Kasisto Inc., and Microsoft Corporation. Transmission pump manufacturers are focusing on improving efficiency and performance through innovations in design and materials.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
