Automotive Electric Vacuum Pump - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Automotive Electric Vacuum Pump Market is accounted for $3.86 billion in 2018 and is expected to reach $16.48 billion by 2027 growing at a CAGR of 17.5% during the forecast period. Growing automobile production in the developing regions and increased installation of these pumps for improving the customer’s safety are the major factors driving the market growth. However, decreasing car ownership due to the availability of smart mobility solutions is restraining the market growth.
The device that gets the drive from the camshaft that is inside the engine is called an automatic electric vacuum pump. The installation of the electric vacuum pump gives additional benefit to the engines which improves the performance of the vehicle. The basic functionality of the automatic electric vacuum pump is to exhaust the air out from the brake booster tank which, in turn, creates vacuum thus being helpful in the application of the brake.
Based on the vehicle, the passenger vehicle segment is likely to have a huge demand owing to the presence of stringent regulations related to fuel efficiency. By geography, Asia Pacific is going to have a lucrative growth during the forecast period. OEMs in the emerging nations such as India and China in the Asia Pacific region are considering increasing their production volume coupled with the enhanced manufacturing facilities
Some of the key players profiled in the Automotive Electric Vacuum Pump Market include Continental AG, Hella GmbH & Co. KGaA, Mikuni Corp., Ningbo Tuopu Group Co. Ltd., Rheinmetall AG, Youngshin Precision Co. Ltd., LPR Global, GZ Motorsports, Johnson Electric, Robert Bosch GmbH, Valeo SA, and WABCO.
• Commercial vehicles
• Passenger vehicles
• Leaf Type
• Swing Piston Type
• Diaphragm Type
Sales Channels Covered:
• OEM (Original Equipment Manufacturer)
• Electric Vehicle
• Gasoline/Diesel Vehicle
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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