The Asia Pacific region to dominate the Automotive EVP (Electric Vacuum Pump) market in 2021
According to Custom Market Insights (CMI), The Global Automotive EVP (Electric Vacuum Pump) Market size was worth around USD 1.3 billion in 2021 and is predicted to grow to around USD 3.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 14% between 2022 and 2030.
The report analyses the Automotive EVP (Electric Vacuum Pump) market’s drivers and restraints and the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Automotive EVP (Electric Vacuum Pump) market.
Automotive EVP (Electric Vacuum Pump) Market: Overview
The improvement in vehicle production in nations like China, Brazil, and India, as well as increased installation of Automotive EVP (Electric Vacuum Pump) due to customers’ growing desire for safety, are the main factors propelling the market for these pumps. More than 20 years ago, pulling the vacuum with a special pump has been the chosen technique. However, the improvement of the ring seal caused by reducing the pressure in the crankcase below the rings, the reduction of lubricant contamination, the removal of gas port pollution, and other significant advantages of automobile electric vacuum pumps are all made possible by technological advancements.
Browse the full “Automotive EVP (Electric Vacuum Pump) Market Size, Trends and Insights By Propulsion (EV, ICE), By Application (Brake, Engine), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Sales Channel (OEM, Aftermarket), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/automotive-electric-vacuum-pump-market/
Automotive EVPs have increased vehicle fuel efficiency, one of the main factors fueling market revenue growth. Engine performance is improved with an Automotive EVP (Electric Vacuum Pump). The camshaft of the engine powers it. Automobile braking systems receive servo assistance. It is utilized to lower the force delivered to the brake pedal to produce a specific braking effect.
A vacuum brake booster is often used to aid with the vacuum. A vacuum pump is mechanically driven by the depression of an engine’s inlet manifold or the vehicle’s powerplant. Because Automotive EVP (Electric Vacuum Pump) (EVP) is independent of the vehicle’s engine, they offer more design options for engine compartments and machines.
The Automotive Electric Vacuum Pump market is segmented into propulsion, vehicle type, application, and sales channel. Based on vehicle type, the passenger cars segment is estimated to lead the market in 2021. The dominance is due to the massive production of passenger automobiles worldwide and strict government fuel efficiency rules. The segment of heavy commercial vehicles is anticipated to grow substantially in this market due to increased demand in developing countries to address expanding transportation sector needs. Light commercial vehicles are expected to experience steady growth in this market since they are perfect for intra-city operations because of their powerful yet fuel-efficient engines and low running expenses.
Based on application, the brake segment is expected to expand significantly through 2030, driven by its reduced emissions and fuel consumption compared to mechanical vacuum pumps because they shut off if a person does not apply the brakes. Electric vacuum pumps also relieve additional pressure on engine lubrication systems because they don’t need lubrication to function, which will help the industry grow even more.
Due to China’s massive manufacturing of automobiles and electric vehicles, the Asia-Pacific region is predicted to dominate the industry. The direct fuel injection system is one of many cutting-edge fuel-efficient technologies automakers use to cut carbon emissions. During the projection period, Europe and North America are also anticipated to present significant growth possibilities.
|Feature of the Report
|Market Size in 2021
|USD 1.3 Billion
|Projected Market Size in 2030
|USD 3.2 Billion
|Market Size in 2022
|USD 1.51 billion
|CAGR Growth Rate
|14% CAGR (2022-2030)
|Continental AG, HELLA GmbH & Co. KGaA, Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd., Robert Bosch GmbH, Johnson Electric, Magna International Inc., Rheinmetall Automotive AG, Toupo Group, Valeo SA, WABCO, YT STABLE TECH. CORP., Youngshin Precision, Co. Ltd., and Others
|By Propulsion, Application, Vehicle Type, Sales Channel, and Region
|Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
|North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Key Players Insights
Our market analysis includes a section specifically devoted to key players operating in the Automotive EVP (Electric Vacuum Pump) Market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors.
- Continental AG
- HELLA GmbH & Co. KGaA
- Dalain Haina New Energy Auto Parts Manufacturing Co., Ltd.
- Robert Bosch GmbH
- Johnson Electric
- Magna International Inc.
- Rheinmetall Automotive AG
- Taupo Group
- Valeo SA
- YT STABLE TECH. CORP.
- Youngshin Precision, Co. Ltd.
The global Automotive EVP (Electric Vacuum Pump) market is segmented as follows:
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Sales Channel
Based on Geography
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America