Global Automotive Mechanical Oil Pump Industry to Expand at 2.0%...

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2026-03-30 12:50:56 -

Global Automotive Mechanical Oil Pump Industry to Expand at 2.0% CAGR Through 2031

The global automotive mechanical oil pump market was valued at USD 17.3 billion in 2022 and is projected to reach USD 20.7 billion by 2031, growing at a CAGR of 2.0% from 2023 to 2031. The market growth is driven by steady demand from the automotive sector, particularly in internal combustion engine vehicles, along with the need for efficient lubrication systems to enhance engine performance...

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