Global Automotive Vacuum Pump Market Report and Forecast 2023-2028

Global Automotive Vacuum Pump Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global automotive vacuum pump market is being aided by the automotive pump market, which is expected to grow at a CAGR of about 6.5% in the forecast period of 2023-2028

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An automotive vacuum pump, a critical component in various vehicles, is fundamentally designed to remove gas molecules and create a vacuum, thus aiding in enhancing the performance and efficiency of the braking system. With the automotive industry perpetually evolving, the significance of these pumps in modern vehicles—ranging from passenger cars to heavy-duty trucks—has been undeniably accentuated.

The pivotal driving force behind the burgeoning automotive vacuum pump market demand is the relentless pursuit for enhanced vehicle safety. As vehicle manufacturers aim to provide superior brake performance, especially under demanding conditions, vacuum pumps have become an indispensable component. This is especially prevalent in the modern turbocharged engines where consistent vacuum levels are vital for efficient brake operations.

Another salient trend observed in the automotive industry is the relentless drive towards the reduction of vehicular emissions. As global regulatory bodies enact stricter emission standards, automakers are pressed to innovate and optimize vehicle components for better fuel efficiency and reduced carbon footprints. In this context, automotive vacuum pumps, by improving engine efficiency, play a quintessential role.

As per the automotive vacuum pump market analysis, the role of vacuum pumps is not just confined to combustion engine vehicles. The exponential growth in the electric vehicle (EV) segment has introduced a new avenue for the vacuum pump market. Unlike traditional combustion engines, EVs do not generate a natural vacuum, necessitating the integration of vacuum pumps to support braking systems and other functions.

Furthermore, technological advancements are paving the way for more compact, efficient, and noise-reduced automotive vacuum pumps, aligning with the evolving requirements of modern vehicles. The increasing focus on lightweight vehicle components, as a strategy to enhance fuel efficiency, further accentuates the demand for innovative vacuum pump solutions. In geographical terms, the Asia Pacific holds a healthy portion of the automotive vacuum pump market share.

Market Segmentation

The market can be divided based on type, vehicle type, sales channel, and region.

Market Breakup by Type

• Electric
• Mechanical

Market Breakup by Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Market Breakup by Sales Channel

• Aftermarket
• OEM

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive vacuum pump market. Some of the major players explored in the report by Expert Market Research are as follows:

• HELLA GmbH & Co. KGaA
• Rheinmetall Automotive AG
• Continental AG
• MS Motorservice International GmbH
• Robert Bosch GmbH
• Youngshin Precision, Co. Ltd
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.