Global Transmission Oil Pump Market 2016-2020

A Transmission oil pump is used to circulate oil and maintain volumetric pressure in automatic transmission cars, which is not required in manual cars. The pump helps to build hydraulic pressure and allows other components in the transmission to function properly. It also helps to provide fluid to the transmission cooler and torque converter.

Technavio’s analysts forecast the Global Transmission Oil Pump market to grow at a CAGR of 6.15% during the period 2016-2020.

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The report covers the present scenario and the growth prospects of the Global Transmission Oil Pump market for 2016-2020. To calculate the market size, the report considers the sales of transmission oil pump.

Global Transmission Oil Pump Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The shifting trend towards vehicle electrification has led to the introduction of several electric transmission pumps in the market. Electric oil pumps are driven by an electric motor, which is connected to a battery and offers variable shifting and control strategies.

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