Middle East and Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market Growth by 2028

The commercial vehicle transmission oil pump and transmission system market in Middle East & Africa is expected to grow from US$ 1212.52 million in 2021 to US$ 1686.97 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

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: idling stop systems evolve into coasting stop systems (engine shutting down during deceleration), and subsequently sailing stop systems (turning off the engine when the car is benefitting from inertia after acceleration). 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 growth of 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, Surge in demand for electric transmission oil pump will drive the market growth.

Major countries in the MEA facing the economic impact of the COVID-19 pandemic are Turkey, South Africa, Morocco, the UAE, Saudi Arabia, Kuwait, and Egypt. The region is registering a swift decline in manufacturing activities due to the shutdown of industries and a halt in technological innovations across the MEA. Irrespective of the previous projections regarding the steady growth of the commercial vehicle transmission oil pump and transmission system market in the MEA due to escalating demand for automobiles, the growth of the market seems in negative due to the pandemic. In Saudi Arabia and the UAE, the imposition of travel restrictions and disruption in supply chains are limiting the growth of the commercial vehicle transmission oil pump and transmission system market to a certain extent. The impact of the COVID-19 pandemic on this market has been huge demerit. However, the market in MEA is expected to see heavy growth after the introduction of the COVID-19 vaccine.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa commercial vehicle transmission oil pump and system market. The Middle East & Africa commercial vehicle transmission oil pump and transmission system market is expected to grow at a good CAGR during the forecast period.

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market Segmentation

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Offering

• Transmission Oil Pump
• Transmission System

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Oil Pump Product Type

• Fixed Displacement Pump
• Variable Displacement Pump

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Oil Pump Type

• Vane Type
• Gear Type
• Rotor Type

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Transmission Type

• Manual Transmission
• Automatic Transmission
• Automated Manual Transmission

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Vehicle Type

• MCV (Class III and Class VI)
• HCV (Class VII to Class VIII)

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Powertrain Type

• Internal Combustion Engine
• Electric
• Hybrid

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Middle East & Africa Commercial Vehicle Transmission Oil Pump and Transmission System Market –Companies Mentioned

• Allison Transmission Holding INC                     
• 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                                          
• Hyundai Transys                                                     
• Mahle GmbH                                                       
• Concentric AB                                                        
• Scherzinger Pumpen GmbH & Co. KG      

Middle East and Africa Commercial Vehicle Transmission Oil Pump and Transmission System Report Scope