Commercial Vehicle Transmission Oil Pump and Transmission System Market to Grow at a CAGR of 6.1% to reach US$ 44,394.08 Million from 2020 to 2028

The commercial vehicle transmission oil pump and transmission system market is expected to grow from US$ 29,302.0 million in 2021 to US$ 44,394.08 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

The transmission system ensures a smooth and comfortable drive by transferring the maximum amount of power from an engine to the wheels via the gearbox. The majority of low- and mid-range vehicles now use semi-automatic and automatic transmission systems. The mobility and fuel efficiency of a car can be considerably influenced by an automated transmission system, depending on the electrical technology utilized in the transmission and the design of the transmission system. Automatic gearboxes or dual pedal technology is available in various configurations such as automatic transmission (AT), automated-manual transmission (AMT), continuously variable transmission (CVT), dual-clutch transmission (DCT), direct shift gearbox (DSG), and Tiptronic transmission. The shift from manual to automatic transmissions is driven by an increased desire for comfort and safety. Automatic gearboxes are comfortable, safe, environment friendly, and cost-effective. They also provide a superior driving experience. A driver does not need to handle the clutch with an automatic transmission, which is quite convenient, especially in urban stop-and-go traffic.

Furthermore, automotive component makers are working hard to deliver cost-effective alternatives without sacrificing vehicle performance. To address the rising demand for transmission systems across the automotive sector, they are adopting various business expansion methods. For instance, Aisin Seiki Co., Ltd. is concentrating its development and manufacturing skills on Toyota Motor Corp.'s manual transmission products under the Aisin AI brand. Thus, the high adoption rate of semi-automatic and automatic transmission systems in commercial vehicles is a significant factor driving the global commercial vehicle transmission oil pump and transmission system market.      

Impact of COVID-19 Pandemic on Commercial Vehicle Transmission Oil Pump and Transmission System Market

The recent COVID-19 pandemic has severely impacted the growth of the commercial vehicle transmission oil pump and transmission system market. The pandemic created numerous challenges for the automobile sector stakeholders. The players operating in the automotive industry have undertaken several initiatives to overcome the supply chain disruptions caused by the pandemic. The imposition of lockdown by respective governments has resulted in slower production of automobiles, which, in turn, has hindered the production of commercial vehicle transmission oil pumps and transmission systems. However, with the introduction of the COVID-19 vaccine in the APAC, the impact on the supply chain is currently minimal due to the resumption of automobile companies’ operations in various countries of APAC. Thus, the region is set to lead the post-pandemic growth of the commercial vehicle transmission oil pump and transmission system market.

Lucrative Regions for Commercial Vehicle Transmission Oil Pump and Transmission System Market

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Market Insight

Surge in Demand for Electric Transmission Oil Pumps

Hybrid vehicles, electric vehicles, and idling stop systems as well as other recent advancements in fuel economy can experience incompatibility with traditional mechanical oil pumps. Therefore, the advancements demand electric oil pumps. The automobile industry is striving toward lowering fuel usage by reducing the amount of time an engine is running. The automotive companies have developed an idling stop system which automatically stops the engine when the vehicle is brought to a stop at signals and then activates as the car sets off again. The Idling Stop is active when the engine is sufficiently warm and when the vehicle speed has gone over 20km/h. After stepping on the brake and stopping the vehicle, the idling stop is activated after around 1 second, hence a vehicle with idling stop improves fuel economy by turning off the engine. Another rising trend is the extension of electric oil pump applications to include clutch disengagement, cooling, and lubrication. These pumps are also being used frequently in large hybrid vehicles, which is propelling the demand for larger pump models. In addition, higher fuel economy rules are driving the commercial vehicle transmission oil pump and transmission system market. Market players are expecting to expand their electric oil pump lineup in the future to include compact and large models for continuously variable transmissions, dual-clutch gearboxes, EV traction motor cooling, and a variety of other applications. For instance, Bosch developed electric oil pumps to address essential market demands in the electric vehicles market. In eAxle and automated transmissions, Bosch pumps optimize lubrication, cooling, and actuation functions. Three modular power classes and an application-specific hydraulic part meet market expectations. The design approach ensures that hydraulic elements, motors, and control electronics are all integrated. Smart functions can be combined based on the needs of the customer. Therefore, a surge in demand for electric transmission oil pumps will drive the market.

Offering Segment Insights

In terms of offering, the global commercial vehicle transmission oil pump and transmission system market is bifurcated into transmission oil pump and transmission system.

The transmission oil pump segment is expected to grow at a significant rate in the coming years, owing to the increasing number of commercial vehicle fleets on-road and the rising penetration of automatic transmission-based vehicles across the world. A transmission oil pump provides various benefits in shifting gear and engine control strategies such as automatic transmission gear shift, changing engine speeds, and maintaining fuel efficiency. The pump is designed to attain the highest oil pump efficiency and help to curb CO2 emissions and reduce the carbon footprint from the environment.

The transmission oil pump is one of the most vital parts of the vehicle as it controls the overall displacement process of the vehicle. Displacement is the volume of fluid moved by the pump during each cycle. The transmission oil pump forces automatic transmission fluid (ATF) to supply fluid or oil to the hydraulic actuator with the valve body of the vehicle. In addition, the pump allows other components in the transmission to function properly. 

Oil Pump Product Type Segment Insights

Based on oil pump product type, the global commercial vehicle transmission oil pump and transmission system market is further bifurcated into fixed displacement pump and variable displacement pump.

A fixed displacement pump delivers a constant volume of oil for a given shaft speed. These pumps are well suited to a wide range of functions where the amount of pressure required to perform work is the same every time. For instance, if a pump is 30 cc, it will push 30 ml of hydraulic fluid through the system for a single rotation. The pressure and flow rate do not change, no matter how the pump operates or what occurs elsewhere in the system. Since industrial hydraulic systems generally use constant-speed electric motors as prime movers, fixed displacement pumps are ideal for heavy-duty construction and high dirt tolerance in civil and marine projects. Hence, fixed displacement pumps are perfect for single jobs that need to be repeated indefinitely over long periods.

Oil Pump Type Segment Insights

Automobile OEMs across the world are looking to improve their overall vehicle and engine efficiency in terms of fuel economy and power output. Efficiency improvement is possible by cutting down the engine parasitic loads. One such parasitic load is a transmission oil pump, which lubricates the engine parts. The transmission oil pump is the heart of an engine lubrication system, and its important functions include cooling and lubricating the moving parts of the engine by delivering adequate oil flow based on the engine demand. Hence, the transmission oil pump is vital in any commercial vehicle. Vane type, gear type, and rotor type are the three main types of transmission oil pumps.

Transmission System Type Segment Insights

Commercial vehicles come in varied options based on drivetrains such as front-wheel drive and four-wheel drive. Also, the commercial vehicles are available in transmission system type such as automatic or manual gear type vehicles. The transmission system is a metal case that houses a series of gears, which is also known as a gearbox. Based on transmission system type, the global commercial vehicle transmission oil pump and transmission system market is segmented into manual transmission, automatic transmission, and automated manual transmission system.

Vehicle Type Segment Insights

There are eight classes of commercial motor vehicles, and they are divided into three general categories –medium-duty commercial vehicle (MCV) and heavy-duty commercial vehicle (HCV). Commercial motor vehicles or trucks that operate on highways can be classified based on their gross vehicle weight rating (GVWR). The GVWR is a safety standard used to prevent the overloading of trucks. It is the maximum safe operating weight of a vehicle, and it includes the net weight of a vehicle, passengers, drivers, fuel, and cargo. The GVWR of a truck does not change after a manufacturer determines it for a vehicle.

Powertrain Type Segment Insights

The automotive powertrain of any vehicle defines its safety, performance, and comfort. A powertrain comprises all components that produce power for the vehicle and transfer it simultaneously to the wheels, thereby enabling vehicle movement. The overall performance of the vehicle and its efficiency depends on the properties of the powertrain system. The powertrain type can be segmented into three different sections – internal combustion engine, electric, and hybrid.

Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Powertrain Type (% Share)

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Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors. In March 2021, Eaton Group acquired Tripp Lite, which is a leading supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in North and South America.

The commercial vehicle transmission oil pump and transmission system market is segmented based on offering, oil pump product type, oil pump type, transmission system type, vehicle type, powertrain type, and geography. Based on offering, the market is bifurcated into transmission oil pump and transmission system. In terms of oil pump product type, the market is segmented into fixed displacement pump and variable displacement pump. Based on oil pump type, the market is categorized into vane type, gear type, and rotor type. In terms of transmission system type, the market is categorized into manual transmission, automatic transmission, and automated manual transmission. Based on vehicle type, the market is segmented into LCV (Class I and Class II), MCV (Class III and Class VI), and HCV (Class VII to Class VIII). Based on powertrain type, the market is segmented into internal combustion engine, electric, and hybrid. Geographically, the commercial vehicle transmission oil pump and transmission system market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of APAC), Middle East & Africa (Saudi Arabia, South Africa, the UAE, and Rest of MEA), and South America (Brazil, Argentina, and Rest of SAM).

Commercial Vehicle Transmission Oil Pump and Transmission System Market – Company Profiles

• Allison Transmission Holding INC
• BorgWarner Inc.
• Qijiang Gear Transmission Co., Ltd.
• Daimler AG
• Eaton Group
• Mack Trucks
• Scania
• Sinotruk (Hong Kong) Limited
• Shaanxi Fast Auto Drive Co. Ltd.
• Volvo AG
• Voith GmbH & Co. KGaA
• ZF Friedrichshafen AG
• Zhejiang Wanliyang Co., Ltd.
• Hyundai Transys
• Scherzinger Pumpen GmbH & Co. KG
• Fuxin Del Auto Parts Co., Ltd.
• SLPT
• Vitesco Technologies
• SHW AG
• Mahle GmbH
• Concentric AB