Fact.MR’s automotive oil pan industry analysis predicts around 5% CAGR sales increase during 2021-2031, with high demand for structural oil pans driving market expansion. Together, East Asia and South Asia & Pacific are projected to account for more than 50% market share through 2031.
Key Points Covered in Automotive Oil Pan Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Automotive Oil Pans and How to Navigate
- Recommendation on Key Winning Strategies
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Sales Analysis of Automotive Oil Pans from 2016 to 2020 Vs Market Outlook for 2021 to 2031
According to Fact.MR - a market research and competitive intelligence provider, historically, from 2016 to 2020, market demand in terms of volume decreased by 4% CAGR due to the impact of COVID-19, where 2020 saw a rapid decline in automotive production and sales, which affected demand for automotive oil pans. The overall market for automotive oil pans is dominated by countries such as the U.S., China, Japan, India, Germany, Mexico, and South Korea.
On a global basis, demand for newly designed oil pans with lightweight qualities has doubled in the previous few years, which can be attributed to increased spending on research & development by major car manufacturers and suppliers. Automotive oil pans are increasingly manufactured from composites that are less expensive than metal. As a result, the price gap between metal and composite engine oil pans is significant.
Automotive oil pans are designed to absorb maximum amount of engine noise and vibration, and this goes well in meeting growing demand for noiseless automobiles. In the foreseeable future, an increase in vehicle manufacturing is predicted to boost demand for automobile oil pans.
Considering these statistics and shift in dynamics, the market for automotive oil pans is forecast to expand at a healthy CAGR of around 5% over the coming 10 years.
What are the Key Opportunities for Automotive Oil Pan Manufacturers?
As technology advances, high-end car owners and fleet owners of big commercial vehicles are increasingly looking for improved performance and fuel economy. As a result, throughout the forecast period, growth of luxury cars and high-end commercial vehicles is expected to generate huge potential for oil pan manufacturers.
In regions such as Europe, North America, and Asia Pacific, demand for cars and commercial vehicles is expanding. Increased disposable income and shifting demographics, particularly in nations such as India and China, are chiefly responsible for this growth. Increase in premium and luxury vehicles is also likely to create large demand for automobile oil pans.
To maintain a competitive edge in the automobile engine oil pan market, most manufacturers concentrate on product differentiation. To adapt to ever-changing consumer demands, automakers are implementing quick changes in automotive and related product designs.
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What Roadblocks Do Automotive Oil Pan Suppliers Have to Encounter?
An oil pan is a critical component of the engine cooling system that is rarely replaced. The replacement rate for oil pans varies depending on the category, ranging from 0.1 percent to 2% of the global vehicle fleet.
With advancements in technologies, this replacement rate is expected to further reduce over the forecast period, thus, offering very low aftermarket potential for automotive oil pan manufacturers across the globe.
What is the Major Driving Factor for Automotive Oil Pan Sales?
The automobile oil pan market is linked to vehicle sales. Despite recent economic instability, the global automotive industry has grown at a reasonable rate on average. Over the forecast period, automotive output is expected to increase at a modest CAGR of 3 to 4%. Increasing automobile production and sales is expected to be a primary factor propelling demand for automotive oil pans throughout the forecast period.
Improved design characteristics with more temperature sustainability and composite materials are now being used in automotive oil pans to reduce total vehicle weight while also increasing robustness. Oil pans for automobiles are usually made of thin steel and formed into deeper sections to hold oil that comes out of the crankcase.
Oil pans are situated beneath the crankcase and serve as a reservoir for the oil. To prevent engine oil contamination and leakage, automotive oil pans are constructed as a sealed unit. Due to the rise of the automotive industry, the market for automotive oil pans will see a major increase in size. OEM sales of automotive oil steel pans is set to increase substantially over the years.
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Which Region Offers the Largest Opportunity for Automotive Oil Pan Manufacturers?
With an incremental opportunity of more than US$ 3 Bn, East Asia is expected to be the most lucrative market for automotive oil pan suppliers. China leads the East Asian market and is predicted to increase at a significant growth rate through 2031.
Chinese consumers' interest in the automotive industry has increased dramatically in recent years as a result of the country's rapid economic growth and changes in lifestyle. During the predicted period, Europe and South Asia & Pacific will emerge as competitor markets for East Asia with significant growth potential.
Why is China a Leading Market for Automotive Oil Pans in East Asia?
China is one of the emerging countries for automotive oil pans. It is expected to account over 66% of sales in East Asia.
The automobile sector in China is expected to be among the most opportunistic as a result of expanded automotive operations. Due to rising number of automobiles in the country, China's automotive sector has grown in lockstep with the number of manufacturers.
The automotive supplier landscape in China is extremely fragmented. Bulk of foreign automakers and component manufacturers have extensively invested in China in order to gain a competitive advantage.
What Makes the U.S. a Lucrative market for Manufacturers of Automotive Oil Pans?
The U.S. is predicted to remain one of the most attractive markets during the forecast period, according to Fact.MR. According to the study, the U.S. is expected to account for over 83% of the North American market through 2031.
Development of a number of new businesses as well as quick technology advancements in different countries will continue to fuel significant growth of the market in the country. Rapidly growing demand for passenger cars and commercial vehicles is likely to lend added growth opportunities to the market for oil pans in the country.
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Which Type of Automotive Oil Pan Holds Highest Growth Potential?
Based on type, structural oil pans is the leading category, expected to account for nearly 62% of the market share by 2031. The main reason is structural oil pans are normally made with one piece cast aluminium material, which adds stiffness to engine block and transmission.
Which Type of Vehicle Has Prominent Share in Usage of Automotive Oil Pans?
In both, passenger cars and commercial vehicles, automotive oil pans have been gaining significant traction. Passenger cars will account for around 75% demand for automotive oil pans, according to market projections.
Which material is Mainly Preferred for Manufacturing Automotive Oil Pans?
During the forecast period, oil pans made from aluminium will hold highest share of 55%. Aluminium has greater thermal conductivity, allowing the oil pan to draw more heat from the oil, and is predicted to dominate the global market.
Furthermore, many manufacturers favour aluminium because of its lightweight properties, which aids in greater vehicle performance. With expanding demand and requirement for minimum noise from automobiles, automotive oil pans are being designed to absorb as much engine noise and vibration as possible.
Which Channel Sees Maximum Sales of Automotive Oil Pans?
The OEMs segment is expected to hold more than 93% market share by 2031. During the projected period, sales through OEMs are expected to rise faster than aftermarket sales of automotive oil steel pans.
What Impact Has the COVID-19 Crisis Had on the Sales of Automotive Oil Pans?
Compulsory lockdowns across several nations impacted economies all over the world. Limited production and transportation-related delays due to travel restrictions caused obstacles during the outbreak. Despite the difficult circumstances, economies are steadily improving. As supply and distribution networks are re-established, business activity has slowly but gradually increased. As a result, the pandemic is unlikely to have a long-term effect on the market for automotive oil pans.
Automotive Oil Pan Industry Research on Competitive Landscape
Majority companies discussed in the car oil pan market report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks. Some of the key developments are:
- In 2020, Dana inked a binding deal to buy Modine Manufacturing Company's liquid-cooling vehicle thermal management division.
- In August 2019, With Nordresa Motors, Dana now owns 100% of the company. For the development and commercialization of electric powertrains for commercial vehicles, Nordresa is a leading integration and application engineering expert.
- In May 2017, integrated oil pan modules were introduced by Mahle Gmbh.
- In 2020, Behr Hella Service (BHS) was bought by Mahle Gmbh, which expanded the thermal management range in the Aftermarket business area for conventional and electric vehicles.
- In June 2019, Polytec Holding AG purchased POLYTEC CAR STYLING Weierbach GmbH. Since the takeover, the business operation that is located in the Weierbach district of Idar-Oberstein, has been managed by PCSW, which is a fully owned POLYTEC GROUP subsidiary.
Automotive Oil Pan Market Report Scope
Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Market Segments Covered
By Product Type
- Structural Automotive Oil Pans
- Non-structural Automotive Oil Pans
- Automotive Oil Pans for Passenger Cars
- Automotive Oil Pans for Light Commercial Vehicles (LCVs)
- Automotive Oil Pans for Heavy Commercial Vehicles (HCVs)
- Steel Automotive Oil Pans
- Aluminium Automotive Oil Pans
- Composite Automotive Oil Pans
By Sales Channel
- Automotive Oil Pans Sold through OEMs
- Automotive Oil Pans for Sold in the Aftermarket
Automotive Oil Pan Market- Scope of Report
A recent study by Fact.MR on the automotive oil pan market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with automotive oil pans. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies manufacturing automotive oil pans, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of automotive oil pans during the forecast period.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms value (US$ Mn).
Market estimates at global and regional levels for automotive oil pans are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global automotive oil pan market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the automotive oil pan market during the forecast period.
Country-specific valuation on demand for automotive oil pans has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In-depth Analysis on Competition
The report sheds light on leading providers of automotive oil pans, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in manufacturing automotive oil pans has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take various steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing the readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the automotive oil pan market.
- FAQs -
The global automotive oil pan market size is currently valued at around US$ 10 Bn.
From 2016 to 2020, the automotive oil pan industry, in fact, decreased at a CAGR of around -3.7%.
Lightweight composite materials used for oil pan manufacturing is a key trend being witnessed in this market.
Increasing automotive production & sales and design improvements in oil pans are factors driving demand across regions.
Dana, Nemak, Elring Klinger, Yorozu Corp., and Ahresty Corp. are the top 5 manufacturers of automotive oil pans, and together account for 17% market share.
China, the U.S., Japan, Germany, and India are the top 5 countries as far as demand for automotive oil pans in concerned.
The market in Germany is projected to expand at a CAGR of 2.3% over the next ten years.
Together, S. Korea and Japan hold 13% share of the global market.
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