Overview and Scope
An automotive electric vacuum pump refers to a vacuum pump used in vehicles equipped with vacuum-operated systems, such as pneumatic brakes. The electric vacuum pump is designed to dampen noise with a suppressor fitted inside the engine.
Sizing and Forecast
The automotive electric vacuum pump market size has grown rapidly in recent years. It will grow from $18.28 billion in 2023 to $20.53 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to emission reduction regulations, transition to electric and hybrid vehicles, performance enhancement in automotive systems, reduction in engine weight and size, integration of advanced safety feature.
The automotive electric vacuum pump market size is expected to see rapid growth in the next few years. It will grow to $31.19 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to investments in sustainable automotive solutions, evolving consumer preferences, growth in automotive electrification, regulatory emphasis on vehicle safety. Major trends in the forecast period include development of dual-function pump systems, adoption of regenerative braking systems, customized pump solutions for evs, silent operation and reduced vibration, compact and modular pump designs.
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Segmentation & Regional Insights
The automotive electric vacuum pump market covered in this report is segmented –
1) By Product Type: Diaphragm Type, Leaf Type, Swing Piston Type
2) By Propulsion Type: Electric Vehicle (EV), Internal Combustion Engine (ICE)
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the automotive electric vacuum pump market in 2023. The regions covered in the automotive electric vacuum pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of electric vehicles is expected to propel the growth of the automotive electric vacuum pump market going forward. The electric vehicle is automotive that can be powered by an electric motor that takes electricity from a battery and can be charged from an external source. An automotive electric vacuum pump reduces the load on the engine lubrication system without a mechanical pump by lubricating the vacuum pump. It allows a more compact pump design, boosting engine efficiency. For instance, in May 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, sales of electric cars doubled in 2021 to set a record of 6.6 million, and the number of electric vehicles on the world’s roads by the end of 2021 was about 16.5 million. Therefore, the increasing adoption of electric vehicles drives the automotive electric vacuum pump market.
Key Industry Players
Major companies operating in the automotive electric vacuum pump market report are Robert Bosch GmbH, Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Valeo SA, TRW Automotive Holdings Corp.,MAHLE GmbH, Atlas Copco, Hella GmbH & Co. KGaA, Rheinmetall Automotive AG, Ingersoll Rand, MANN+HUMMEL Group, Delphi Technologies, The Johnson Electric Group, Ningbo Tuopu Group Co. Ltd., Cooper-Standard Holdings Inc,Mitsuba Corporation, Dorman Products Inc., TRICO Group, Holly Inc, Mikuni Corp., SHW AG, Hitachi Astemo Americas Inc., Pricol Limited, Advik Hi Tech Pvt Ltd, Pierburg,Nagman Instruments & Electronics Private Limited, WABCO Holdings Inc., Woosung Vacuum Co. Ltd.
The automotive electric vacuum pump market report table of contents includes:
1. Executive Summary
2. Automotive Electric Vacuum Pump Market Characteristics
3. Automotive Electric Vacuum Pump Market Trends And Strategies
4. Automotive Electric Vacuum Pump Market – Macro Economic Scenario
5. Global Automotive Electric Vacuum Pump Market Size and Growth
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32. Global Automotive Electric Vacuum Pump Market Competitive Benchmarking
33. Global Automotive Electric Vacuum Pump Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Electric Vacuum Pump Market
35. Automotive Electric Vacuum Pump Market Future Outlook and Potential Analysis
36. Appendix
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