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
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
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Automotive Electric Vacuum Pump Market: Segmentation by Geography
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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
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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.
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 |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
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Market growth 2021-2025 |
$ 1.28 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.90 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
China, US, Germany, Japan, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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 |
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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, |
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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. |