Automotive Active Purge Pump Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The automotive active purge pump market share is expected to increase by USD 1.06 billion from 2021 to 2026, at a CAGR of 27.49%.

This automotive active purge pump market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive active purge pump market segmentation by vehicle type (passenger and commercial) and geography (Europe, North America, APAC, South America, and MEA). The automotive active purge pump market report also offers information on several market vendors, including Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG among others.

What will the Automotive Active Purge Pump Market Size be During the Forecast Period?

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Automotive Active Purge Pump Market: Key Drivers, Trends, and Challenges

The adherence to stringent laws formulated by governments is notably driving the automotive active purge pump market growth, although factors such as the increasing popularity of EVs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive active purge pump industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Active Purge Pump Market Driver 

One of the key factors driving the global automotive active purge pump market growth is the adherence to stringent laws formulated by governments to lower carbon emissions, produced mainly by diesel- or gasoline-powered vehicles. The fumes exhausted from gasoline fuel comprise benzene, which, when inhaled, can lead to health hazards. Moreover, photochemical smog is another major concern in megacities, which is caused due to a combination of sunlight and exhaust fumes. Thus, modern vehicles operating on petrol are integrated with an onboard system that reduces hydrocarbon emissions in the environment. Continental AG offers an active purge pump, which is a part of the evaporative fuel processing system and was developed to overcome stringent hydrocarbon evaporation norms and legislation worldwide. Such factors are anticipated to boost the demand for active purge pumps during the forecast period.

Key Automotive Active Purge Pump Market Trend

Another key factor driving the global automotive active purge pump market growth is weight and cost reduction. Owing to stringent environmental norms and the rise in demand for vehicles with better fuel efficiency, automotive suppliers are looking at lighter components for weight reduction, which can help meet the demand for lower emissions and better mileage. Tier-II suppliers are now focusing on developing low-weight raw materials through technological advancements without compromising on the structural strength of the components, which is expected to positively impact the growth of the global automotive active purge pump market during the forecast period.

Key Automotive Active Purge Pump Market Challenge

One of the key challenges to the global automotive active purge pump market growth is the increasing popularity of EVs. According to the International Energy Agency (IEA), the Electric Vehicles Initiative was established in 2009 for developing EVs in the transportation sector under the Clean Energy Ministerial. China is one of the largest adopters of EVs, with more than 50% adoption in 2020. The governments are promoting the adoption of EVs by providing rebates, tax credits, and tax exemptions for the purchase of plug-in hybrid electric vehicles (PHEVs). Thus, the global adoption of EVs crossed 3 million in the last few years. Such initiatives undertaken by governments across the world will boost the adoption of EVs, which is expected to hinder the growth of the market in focus during the forecast period.

This automotive active purge pump market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive active purge pump market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive active purge pump market during the forecast period.

Who are the Major Automotive Active Purge Pump Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Agilent Technologies Inc.
• Continental AG
• DENSO Corp.
• Dial Manufacturing Inc.
• Eaton Corp. Plc
• Geotech Environmental Equipment Inc.
• HELLA GmbH and Co. KG
• Robert Bosch GmbH
• Sauermann Group
• Vitesco Technologies Group AG

This statistical study of the automotive active purge pump market encompasses successful business strategies deployed by the key vendors. The automotive active purge pump market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Agilent Technologies Inc. - The company offers automotive active purge pump products such as X3501-68003, X3502-68004, and PTSPURGEKIT.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive active purge pump market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Active Purge Pump Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive active purge pump market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Distribution and logistics
• Marketing and sales
• Service
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Active Purge Pump Market?

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43% of the market's growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for automotive active purge pumps in Europe. Market growth in this region will be faster than the growth of the market in South America and MEA.

The high production and sales volumes of passenger cars and the presence of several high-end passenger car brands, including Mercedes-Benz, BMW AG, and Audi AG will facilitate the automotive active purge pump market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis
Brexit and the ongoing COVID-19 outbreak have affected the economies of European countries. This decreased the demand for automobiles in the region, which subsequently hindered the adoption of automotive active purge pumps in 2020. Numerous project cancelations and a halt in the operations of the automotive industry significantly hindered the growth of the market in the region in 2020. However, with the initiation of vaccination drives in the region during the first half of 2021, there has been a rise in automobile and auto parts and component manufacturing activities. Governments in the region have also started relaxing restrictions, which is expected to revive economic activities, along with transportation and logistics activities. Such factors are expected to drive the growth of the automotive active purge pump market in the region during the forecast period.

What are the Revenue-generating Vehicle Type Segments in the Automotive Active Purge Pump Market?

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The automotive active purge pump market share growth by the passenger segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for passenger vehicles owing to the rise in disposable income of individuals, especially those belonging to the middle-class population. As per the data provided by the Organisation Internationale des Constructeurs d?Automobiles (OICA), the total number of passenger cars manufactured worldwide in 2019 was 67,149,196.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive active purge pump market size and actionable market insights on post COVID-19 impact on each segment.

Automotive Active Purge Pump Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 27.49%
Market growth 2022-2026	$ 1.06 billion
Market structure	Concentrated
YoY growth (%)	29.97
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	Europe at 43%
Key consumer countries	Germany, US, Japan, France, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Active Purge Pump Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive automotive active purge pump market growth during the next five years
• Precise estimation of the automotive active purge pump market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive active purge pump industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive active purge pump market vendors

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