The automobile oil pump contributes to the overall health and operation of the vehicle’s engine. Every engine requires an ample amount of oil flow to keep the bearings, camshaft, valvetrain and other moving parts lubricated. It provides oil from oil pan through the oil filter and oil cooler to the engine lubricating points.This growth is primarily driven by High Demand for the Passenger Vehicles and Increasing Disposable Income of the People in Developing Regions.
Globally, a noticeable market trend is evident Increasing Demand for Electric Oil Pumps. Major Vendors, such as FTE automotive (Germany), Magna International Inc. (Canada), Hitachi Automotive (Japan), Rheinmetall Automotive AG (Germany), Johnson Electric (Hong Kong), Nidec Corporation (Japan), Mitsubishi Electric (Japan), Mikuni American Corporation (United States), MAHLE GmbH (Germany) and Aptiv PLC (Ireland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- High Demand for the Passenger Vehicles
- Increasing Disposable Income of the People in Developing Regions
- Increasing Demand for Electric Oil Pumps
- Volatility in the Raw Material Prices
Growing Automobile Industry Worldwide and Technological Advancements in the Automobile Industry
Growing Adoption of Hub Motors
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