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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

Industry Statistics

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

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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.

Use of air disc brakes to surge demand for automotive EVPs

Automotive Electric Vacuum Pump Market Revenue Share By Application

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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.

Increasing passenger car sales to drive market development

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.

Lack of EV infrastructure to fuel demand for ICE vehicles

Authors: Kiran Pulidindi, Kunal Ahuja

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.

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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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