Growth Factors of Automotive Electric Vacuum Pump Market
The automotive electric vacuum pump market size was valued at USD 1.11 billion in 2018, and the market is now projected tgrow USD 2.7 billion in 2032 exhibiting a CAGR of 7.0% during the forecast period of 2019-2032.
The rapid spread of the COVID-19 affected the automotive electric vacuum pump market as it caused disruptions in production as well as temporary depleted demand in the market. The overall manufacturing capacity was reduced and there was a delayed production of vehicles; especially in major autmanufacturing regions resulting in slower deployment of complex automotive technologies. But the market gradually began trecover as the needs for fuel efficient and low emission vehicles, such as electric and hybrids, emerged on the market. The shift towards green technologies after the pandemic favored innovations of electric vacuum pumps for brake systems in new generation automobiles. Also, due ttough emission norms, the automotive OEMs are paying significant importance tinnovate the parts of vehicle like electric vacuum pump.
A push factor which has emerged tfavor Automotive EVP market growth is the increasing need for enhanced fuel efficiency: such pumps can be turned on/off as the situation requires. This ‘On demand’ operation assists in increasing the service life of the pump as well as of the motor, and decreases the engine load and further demand of extra oil. Lack of mechanical pump alsmakes the design compact and the engine is more efficient. Also, EVPs minimize uncontrolled release of CO2, thus improving fuel consumption and safety of vehicles. The use of automotive EVPs is advancing due tthe rising need for superior fuel-economic cars as well as enhanced awareness of global warming and safety.
Automotive electric vacuum pump market offers key market suppliers tinnovate and improve electric vacuum pumps, new materials used that increases wear rate predictability and longevity of the pump vanes. The following are the advantages associated with these developments; better ring seals, minimized crankcase pressure, less emission of gas and preserving the lubricant from contamination. Besides, sophisticated, and smart systems of maintenance that enable RDC centers tschedule maintenance equipment, known as the ‘predictive maintenance,’ are gradually becoming popular in the industry. Implementing aspects of predictive maintenance reduce errors within the braking circumstances and overall, improves its reliability and safety. These ongoing innovations play a crucial role in the improvement of automotive electric vacuum pumps’ development and performances.
Comprehensive Analysis of Automotive Electric Vacuum Pump Market
The automotive electric vacuum pump market growth is rising at an exponential rate due tits market segmentation. This market expansion rightly provides a thorough market breakdown near tthe industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis and by vehicle type analysis. By type analysis includes hybrid electric vehicles (HEV), battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). By vehicle type analysis includes passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).
The North America region lead the automotive electric vacuum pump market share by benefitting a market size of USD 0.30 billion in 2018 due tthe high adoption of advanced automotive technologies and stringent emissions regulations driving demand for electric vacuum pumps.
The top players in the markets have a central responsibility in the automotives industry tbe sure of industrial prospectus development and testablish the market norms. These players include, Hella GmbH & Co. KGaA, Rheinmetall Automotive AG, Continental AG, Youngshin Precision Co., Ltd., Tuopu Group, Mikuni Corp., Robert Bosch GmbH. these market players provide a level-playing competitive landscape.
In May 2018, Hella developed the UP5.0 electrically driven vacuum pump for vehicle brake systems, offering CO2 savings of up t2g CO2/km and fuel savings of 0.2 t0.4 miles per gallon.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD Million/Billion) & Volume (Thousand Units)
Segmentation By Electric Vehicle Type
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
By Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commerical Vehicles (HCV)
By Geography
North America (the U.S., Canada, and Mexico)
Europe (U.K., Germany, France and the Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea and the Rest of Asia- Pacific)
Middle east Africa
The Rest of the World
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Automotive Electric Vacuum Pump Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.2.1. Passenger Cars
- 5.2.2. Light Commercial Vehicles
- 5.2.3. Heavy Commercial Vehicles
- 5.3. Market Analysis, Insights and Forecast – By Electric Vehicle Type
- 5.3.1. BEV
- 5.3.2. HEV
- 5.3.3. PHEV
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Rest of the World
- 6. North America Automotive Electric Vacuum Pump Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Vehicle Type
- 6.2.1. Passenger Cars
- 6.2.2. Light Commercial Vehicles
- 6.2.3. Heavy Commercial Vehicles
- 6.3. Market Analysis – By Electric Vehicle Type
- 6.3.1. BEV
- 6.3.2. HEV
- 6.3.3. PHEV
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Automotive Electric Vacuum Pump Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Vehicle Type
- 7.2.1. Passenger Cars
- 7.2.2. Light Commercial Vehicles
- 7.2.3. Heavy Commercial Vehicles
- 7.3. Market Analysis – By Electric Vehicle Type
- 7.3.1. BEV
- 7.3.2. HEV
- 7.3.3. PHEV
- 7.4. Market Analysis – By Country
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Rest of Europe
- 8. Asia pacific Automotive Electric Vacuum Pump Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Vehicle Type
- 8.2.1. Passenger Cars
- 8.2.2. Light Commercial Vehicles
- 8.2.3. Heavy Commercial Vehicles
- 8.3. Market Analysis – By Electric Vehicle Type
- 8.3.1. BEV
- 8.3.2. HEV
- 8.3.3. PHEV
- 8.4. Market Analysis – By Country
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Rest of Asia Pacific
- 9. Rest of the World Automotive Electric Vacuum Pump Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Vehicle Type
- 9.2.1. Passenger Cars
- 9.2.2. Light Commercial Vehicles
- 9.2.3. Heavy Commercial Vehicles
- 9.3. Market Analysis – By Electric Vehicle Type
- 9.3.1. BEV
- 9.3.2. HEV
- 9.3.3. PHEV
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2018)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. Hella GmbH & Co. KGaA
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Continental AG
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Robert Bosch GmbH
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Youngshin Precision Co., Ltd
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Rheinmetall Automotive AG
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Tuopu Group
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Mikuni Corp.
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability) "
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