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Automotive Electric Vacuum Pump Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70137
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The automotive electric vacuum pump market size has the potential to grow by USD 1.28 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.19%. 

This report provides a detailed analysis of the market by application (passenger cars and commercial vehicles), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

Automotive-Electric-Vacuum-Pump-Market-Market-Size-2020-2025

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Market Competitive Analysis

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

 

  • Continental AG
  • GZ Motorsports
  • HELLA GmbH & Co. KGaA
  • Mikuni Corp.
  • Nabtesco Automotive Corp.
  • Rheinmetall AG
  • Robert Bosch GmbH
  • Youngshin Precision Co. Ltd.
  • YT STABLE Tech. Corp.
  • ZF Friedrichshafen AG

 

The automotive electric vacuum pump market is fragmented and the vendors are deploying growth strategies such as improving the working efficiency of electric vacuum pumps and related components to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as improved fuel efficiency of vehicles due to the use of electric vacuum pump to achieve growth opportunities. However, factors such as the use of faulty electric vacuum pumps leading to vehicle recalls will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automotive electric vacuum pump market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This automotive electric vacuum pump market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Automotive Electric Vacuum Pump Market: Key Drivers and Trends

  • The automotive electric vacuum pump allows engine-independent vacuum generation for brake boosters, resulting in improved fuel efficiency of the vehicles.
  • Moreover, the credit for enhanced fuel efficiency can also be given to the fact that the electric vacuum pump remains off when brakes are not applied in cars.
  • The fuel efficiency benefits of electric vacuum pump compel its vendors to increase the supply worldwide.
  • Hence, the improved fuel efficiency of vehicles due to the use of electric vacuum pump will be one of the primary drivers of the market.
  • The use of advanced materials in electric vacuum pumps will be one of the critical trends of the automotive electric vacuum pump market.
  • The overall efficiency of electric vacuum pump improves by using developed and enhanced materials, leading to superior vehicle performance.
  • Moreover, an electric vacuum pump with advanced materials also enhances the vehicle’s wear rate and helps vendors to deliver quality products in cost-effective ways. 

 

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Automotive Electric Vacuum Pump Market: Segmentation by Geography

Automotive-Electric-Vacuum-Pump-Market-Market-Share-by-Region-2020-2025

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47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive electric vacuum pumps in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The continuous increase in demand for vehicles from countries such as China and India and Southeast Asian economies will facilitate the automotive electric vacuum pump market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Automotive Electric Vacuum Pump Market: Segmentation by Application

Automotive-Electric-Vacuum-Pump-Market-Market-Share-by-Application-2020-2025

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The use of electric vacuum pumps is increasing in the passenger vehicles segment. The presence of stringent regulations related to fuel efficiency is encouraging automotive OEMs to equip passenger vehicles with electric vacuum pumps. Electric vacuum pumps also increase the braking effectiveness of vehicles with reduced fuel consumption and emission levels. This is primarily contributing to the growth of demand for electric vacuum pumps in the passenger vehicles market segment.

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive electric vacuum pump market size.

 

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Automotive Electric Vacuum Pump Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive electric vacuum pump market growth during the next five years
  • Precise estimation of the automotive electric vacuum 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 electric vacuum pump industry across APAC, Europe, MEA, North America, and South America
  • 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 electric vacuum pump market vendors

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Automotive Electric Vacuum Pump Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 1.28 billion

Market structure

Fragmented

YoY growth (%)

6.90

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

China, US, Germany, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Continental AG, GZ Motorsports, HELLA GmbH & Co. KGaA, Mikuni Corp., Nabtesco Automotive Corp., Rheinmetall AG, Robert Bosch GmbH, Youngshin Precision Co. Ltd., YT STABLE Tech. Corp., and ZF Friedrichshafen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Impact of COVID-19 on consumer discretionary industry
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020-2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Passenger cars - Market size and forecast 2020-2025
    • Commercial vehicles - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Continental AG
    • GZ Motorsports
    • HELLA GmbH & Co. KGaA
    • Mikuni Corp.
    • Nabtesco Automotive Corp.
    • Rheinmetall AG
    • Robert Bosch GmbH
    • Youngshin Precision Co. Ltd.
    • YT STABLE Tech. Corp.
    • ZF Friedrichshafen AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    Automotive Electric Vacuum Pump market growth will increase by $1276.84 million during 2020-2025.
    The automotive electric vacuum pump market is expected to grow at a CAGR of 8.19% during 2020-2025.
    Technavio has segmented the automotive electric vacuum pump market by application (Passenger cars and Commercial vehicles) and geographic (APAC, Europe, North America, South America, and MEA).
    Continental AG, GZ Motorsports, HELLA GmbH & Co. KGaA, Mikuni Corp., Nabtesco Automotive Corp., Rheinmetall AG, Robert Bosch GmbH, Youngshin Precision Co. Ltd., YT STABLE Tech. Corp., ZF Friedrichshafen AG are a few of the key vendors in the automotive electric vacuum pump market.
    APAC will register the highest growth rate of 47.41% among the other regions. Therefore, the automotive electric vacuum pump market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • Japan
    • South Korea (Republic of Korea)
    The key factors driving the automotive electric vacuum pump market growth are:
    • Rising sales of vehicles equipped with electric vacuum pump-enabled brake boosters
    • Developments to replace vacuum pumps
    The automotive electric vacuum pump market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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