The automotive transmission pump market is an integral part of the automotive industry and plays a crucial role in the efficient transmission of power from the engine to the wheels. Transmission pumps aid in supplying and circulating transmission fluid in automatic and manual transmissions. The rising production of vehicles around the world has augmented the demand for transmission pumps considerably.

The global automotive transmission pump market is estimated to be valued at US$ 40.42 billion in 2024 and is expected to exhibit a CAGR of 25% over the forecast period of 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The growing demand for electric vehicles (EVs) presents a major market opportunity for transmission pumps. While traditional combustion engine vehicles require hydraulic transmission pumps for gear shifting, EVs utilize transmission pumps to circulate coolant and lubricants through thermal management systems. The shift towards EVs is expected to gather further momentum in the coming years owing to stringent emission regulations and falling battery prices. As EVs continue to displace gasoline vehicles, transmission pump manufacturers can leverage the opportunity to develop specialized pumps suited for EV thermal management systems. Catering to the growing EV market can help foster sustained business growth over the long run amid the transformational changes in powertrain technology.

Porter’s Analysis
Threat of new entrants: The automotive transmission pump market size has a moderate threat from new entrants due to high initial investment requirements and the presence of major players with an established supply network.

Bargaining power of buyers: The bargaining power of buyers is high as there are multiple manufacturers providing transmission pumps. Buyers can negotiate the price and quality of products.

Bargaining power of suppliers: The major suppliers in the market have low bargaining power due to the presence of a large number of suppliers and less product differentiation.

Threat of new substitutes: There is no direct substitute for transmission pumps; hence, the threat from substitutes is low.

Competitive rivalry: The competitive rivalry is very high due to the presence of major global players offering varied products.

SWOT Analysis
Strength: growing automobile production and extensive use of automatic transmissions in passenger vehicles.
Weakness: Sensitivity to change in technology; volatile prices of raw materials.
Opportunity: Increasing adoption of electric vehicles; higher demand from markets in developing countries.
Threats: trade barriers levied by governments and stringent emission norms.

Key Takeaways
The global automotive transmission pump market is expected to witness high growth.

Regional analysis: The Asia-Pacific region is projected to be the fastest-growing as well as the largest automotive transmission pump market during the forecast period. Countries such as China, India, Japan, and South Korea are focusing on developing their automotive industry with increasing production and sales of vehicles, which in turn is driving the demand for automotive transmission pumps in the region.

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. Facebook offers an AI assistant named Claude and focuses on developing human-friendly and helpful virtual assistants.
systems business.

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