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

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

Browse TOC and LoE with selected illustrations and example pages of Automotive Electric Vacuum Pump Market

 Request a FREE sample now!

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.

 

Grab your Free Sample now to unlock further information on other key market drivers

Automotive Electric Vacuum Pump Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

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

Request for a FREE sample and Get more information on the market contribution of various segments

. 

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.

 

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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.