Global Automotive Oil Sump Market : Industry Analysis and forecast 2020-2027
Global Automotive Oil Sump Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about CAGR5.2% from 2020 to 2027, reaching nearly US$ XXMn.
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Global Automotive Oil Sump Market: Overview
The Automotive sump market is gradually evolving with the material design and technology is evolving which is creating market demand for efficient vehicles. The composite and plastic materials are used to make oil sump, as these materials are easy to create complex shape and designs. Also, manufacturing cost of these materials is very low which is increasing market growth of composite and plastic sump.
This oil sump is fitted to the lower part of engine block; this oil sump covers the engine and also carries the required engine oil. The oil sump also cools the oil and reduces the foam created in heated oil. This oil pump is a sealed unit to prevent engine oil from any contamination. The oil pan is designed such that it can sustain at high temperature ranging about 110oC – 120oC to withstand high oil temperature.
Global Automotive Oil Sump Market: Material Type
The Global Automotive Oil Sump Market is segmented in material type by Plastic / composites, Aluminum, and Steel. Steel oil sump is dominating over the global automotive oil sump market. However, the benefits offered by the composite and plastic material is expected to grow at a faster rate in the forecasted period with CAGR XX%, owing to development in the Automotive Oil Sumpmaterial thatallows the manufacturers to reduce weight and design innovative oil pan driving the Plastic and composite market.
Global Automotive Oil Sump Market: Product Type
The Global Automotive Oil Sump Market is segmented by product type in structural and nonstructural type. Non-Structural type oil sump is expected to grow at a faster rate in the forecasted period, as this sump is made into two part one is steel formed plate used as lower side part and casted aluminum part used in upper side. This assembly has low weight and cost-effective, growing at a CAGR of XX%.
Global Automotive Oil Sump Market: Type
The automotive Oil Sump is of three types Wet sump, Dry sump, Single stage, or External wet sump. The wet sump has a major market, and it is the most common oiling system found in automobile. A dry oil sump includes external pump, and oil reservoir tank.Single stage or external wet sump has both a wet sump and a dry sump functionality such as oil stored in oil sump and external pump is used to distribute oil. The dry sump system is expected to grow at a faster rate because it can be used for high amount of oil as the oil is stored in a separate tank.
Global Automotive Oil Sump Market: Drivers and Restraints
Increasing sales of passenger vehicle owing to increasing demand for personal transport is boosting automotive Oil Sump Market. Automotive industry in Brazil, Mexico, and India is expected to grow at a significant pace.
Manufacturers are trying to reduce vehicle weight by applying lightweight material and improved design, increasing market for plastic and composite material oil sump market.
Increasing emission norms and legislations across the globe along with customer awareness for efficient vehicle is leading to development of light weight oil sump.
Global Automotive Oil Sump Market: Regional Overview
Global Automotive Oil Sump Market is segmented region-wiselike Asia Pacific, North America, Europe, South America, and Middle East & Africa.Asia Pacific has dominance over global passenger vehicle market and alsothe largest manufacturer of vehicle and component. China is a leading manufacturer of oil sump at global level. North America and European region is also showing significant growth in Automotive Oil Sump Market. Rising vehicle production in Mexico and Brazil is expected to significantly expand Latin American market.
The report also helps in understanding Automotive Oil Sump Marketdynamics, structure by analyzing the market segments and projects the Automotive Oil Sump Marketsize. Clear representation of competitive analysis of key players By Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive Oil Sump Marketmake the report investor’s guide.
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Scope of the Automotive Oil Sump Market: Inquire before buying
Automotive Oil Sump Market, By Material Type
• Plastic / composites
• Aluminum
• Steel
Automotive Oil Sump Market, By Product Type
• Structural
• Non-Structural
Automotive Oil Sump Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Automotive Oil Sump Market
• Dekson Castings
• Italpresse Gauss
• BG Automotive
• KLOKKERHOLM
• Cleantek
• MAHLE GmbH
• Dana Limited
• MANN+ HUMMEL
• American Axle & Manufacturing, Inc
• POLYTEC HOLDING AG
• Robert Bosch GmbH
• Montaplast GmbH
• Magna International Inc
• Ahresty Wilmington Corporation
• Pacific Industrial Co., Ltd.
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