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Automotive Electric Vacuum Pump Market Size By Application (Brake, Engine), By Vehicle (Passenger Cars, LCV, Heavy Commercial Vehicle), By Propulsion Type (ICE, Electric Vehicle), By Sales Channel (OEM, Aftermarket), COVID-19 Impact Analysis, 2023 – 2032

  • Report ID: GMI5009
  • Published Date: Mar 2023
  • Report Format: PDF

Automotive Electric Vacuum Pump Market Size

Automotive Electric Vacuum Pump Market size surpassed USD 1 billion in 2022 and is expected to register 3.3% CAGR from 2023 to 2032.
 

Automotive Electric Vacuum Pump Market

The growing number of passenger vehicle sales is estimated to have a positive influence on the industry outlook. Due to the increasing concerns over the worsening air quality, governments worldwide are imposing stringent vehicular emission guidelines to minimize tailpipe unburned hydrocarbons, nitrogen oxides, and particulate matter. Gasoline Direct Injection (GDI) engines provide the perfect balance of fuel efficiency, strong power output, and improved vehicle performance at reasonable pricing. Increasing use of direct fuel injection technology in gasoline vehicles would influence the demand for electric vacuum pumps.
 

High product costs in comparison to other automotive parts may have an impact on the automotive electric vacuum pump market growth. These pumps operate continuously in vehicles while valves regulate the necessary vacuum. Given to this, the energy costs and electricity utilization can be really high. The pumps are expensive to purchase initially and need constant maintenance. The fluctuation in raw material costs and supply chain uncertainty can be blamed for a rise in the price of the product.
 

Automotive Electric Vacuum Pump Market Analysis

The industry size from the passenger cars segment is predicted to cross USD 1.3 billion by 2032. The passenger vehicle sector is set to hold a major market share fuelled by rising car sales. In 2021, more than 3.3 million passenger cars were sold in the United States. The recent increase in sales and the demand from emerging economies has elevated the demand for automobile parts and components in the manufacturing sector. New R&D activities are being conducted to maximize the performance of automotive electric vacuum pump components and reduce vehicle weight to promote efficiency, which should boost sector growth.
 

Global Automotive Electric Vacuum Pump Market Size By Vehicle  

Automotive electric vacuum pump market from the brake application type will observe 3.2% growth during 2023 to 2032. To improve productivity and brake performance under regular and emergency circumstances, industry participants are making R&D investments and working on research projects. In 2022, Brakes India launched the 22.5-inch lightweight monobloc single-piston air disk brake at the IAA Transportation 2022 in Hannover. Such developments by the players are projected to augment the business statistics.
 

Global Automotive Electric Vacuum Pump  Market Revenue Share (%) By Propulsion Type

Automotive electric vacuum pump market from the ICE propulsion type is anticipated to reach USD 1 billion by 2032. The demand for passenger and commercial cars is rising in both developed and developing economies, which will likely lead to growth in the sales of ICE vehicles. For example, in 2021, commercial vehicle sales in the United States amounted to 12.1 million units with a 5.05% increase from the previous year.
 

The lack of EV infrastructure is a key reason for the expansion of ICE vehicle sales. The increased production of shale gas and the growing acceptance of gasoline-powered cars will drive the need for electric vacuum pumps. Furthermore, a number of strict government rules and regulations coupled with the need for more effective technologies would trigger product uptake.
 

Asia Pacific Automotive Electric Vacuum Pump Market Size

The APAC automotive electric vacuum pump market is estimated to amass USD 900 million by 2032 due to its extensive automobile production. Despite the COVID-19 pandemic, there were considerable surge in sales of automobiles in China and India. Many Asian countries are providing subsidies to people who purchase new energy vehicles. For instance, municipal authorities in Shenzhen, China, are providing subsidies of up to USD 5,000 for each New Energy Vehicle (NEV) to boost the city's declining auto sales because of the COVID-19 pandemic.
 

Automotive Electric Vacuum Pump Market Share

  • Tuopu Group
  • Youngshin Precision, Co. Ltd.
  • Dalian Haina New Energy Auto Parts Manufacturing Co., Ltd.
  • Nagman
  • HELLA GmbH & Co. KGaA
  • Continental AG
  • Mikuni Corporation
  • SDTec Co., Ltd.
  • Rheinmetall Automotive AG
  • Johnson Electric
  • Lvxiang Electric Vehicle Co., Ltd.
  • YT STABLE TECH. CORP

are some of the prominent players in the automotive electric vacuum pump business scenario. Companies are inking partnerships and acquisitions to improve their business scope and standing across the globe.
 

Impact of the COVID-19 pandemic

The lack of workforce and the closure of automotive factories during the COVID-19 pandemic had a negative impact on the industry dynamics. Lockdown and other trade restrictions by government authorities hampered the production of new vehicles. However, with lifting of these restriction, new product launches and other R&D activities, the sector is said to foresee speedy growth in the ensuing years.
 

This market research report on automotive electric vacuum pump includes in-depth coverage of the industry with estimates & forecasts in terms of volume in thousand units and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Propulsion Type

  • EV
  • ICE

Market, By Vehicle

  • Passenger Cars
  • LCV
  • HCV

Market, By Application

  • Brake
  • Engine

Market, By Sales Channel

  • OEM
  • Aftermarket

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • South Africa
    • Iran
       
Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of automotive electric vacuum pump surpassed USD 1 billion in 2022 and is expected to register 3.3% CAGR from 2023 to 2032, explains GMI report.

Automotive electric vacuum pump industry from the ICE propulsion segment is anticipated to exceed USD 1 billion by 2032 as the demand for passenger and commercial cars rises.

The APAC automotive electric vacuum pump industry size is poised to observe 3.5% growth during 2023 to 2032 due to its extensive automobile production.

Tuopu Group, Youngshin Precision, Co. Ltd., Nagman, HELLA GmbH & Co. KGaA, Continental AG, Johnson Electric, Lvxiang Electric Vehicle Co., Ltd., and YT STABLE TECH are some of the leading players in the competitive landscape.

Automotive Electric Vacuum Pump Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 294
  • Countries covered: 21
  • Pages: 400
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