According to a new market report published by Lucintel, the future of the global automotive electric vacuum pump market looks promising with opportunities in passenger cars, light commercial vehicles, heavy commercial vehicles and buses & coaches. The global automotive electric vacuum pump market is expected to grow with a CAGR of 7% from 2021 to 2026. The major drivers for this market are increase in demand for passenger cars, growth in the adoption of electric vacuum pumps, and improved fuel efficiency of vehicles.
To download report brochure, please go to www.lucintel.com/automotive-electric-vacuum-pump-market.aspx and click "download brochure" tab from the menu.
In this market, automotive electric vacuum pumps are used in mechanical vacuum pumps and electric vacuum pumps. On the basis of comprehensive research, Lucintel forecasts that electric vacuum pumps will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the potential oil shortage, climatic change, advanced systems being introduced in vehicles. It reduces fuel consumption and leads to decrease in vehicle emission.
Within the global automotive electric vacuum pump market, the passenger car segment is expected to witness the highest growth over the forecast period due to the high production of passenger cars and stringent government regulations related to fuel efficiency.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the rise in the adoption of electric vehicles in countries, such as Japan and China. Moreover, OEMs are planning to increase their production volume coupled with introduction of rapid technological advancements in manufacturing facilities.
Emerging trends, which have a direct impact on the dynamics of the industry, include increase in investment of research and development of vacuum pumps, development of light-weight, fuel-efficient and compact vehicles, and enhancement of advanced materials for vacuum pump. Hella KGaA Hueck & Co., Continental AG, Robert Bosch GmbH, Valeo SA, WABCO, Tuopu Group, Mikuni Corporation, and Rheinmetall Automotive AG are the major suppliers of the automotive electric vacuum pump market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive electric vacuum pump market by type, mechanism type, vehicle type, electric vehicle type, sales channel, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Electric Vacuum Pump Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive electric vacuum pump market by type, mechanism type, vehicle type, electric vehicle type, sales channel, and region, as follows:
By Type [Value ($ Million) from 2015 to 2026]:
Mechanical Vacuum Pumps
Electric Vacuum Pumps
By Mechanism Type [Value ($ Million) from 2015 to 2026]:
Diaphragm Type
Leaf Type
Swing Piston Type
Others
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Buses & Coaches
By Electric Vehicle Type [Value ($ Million) from 2015 to 2026]:
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Hybrid Electric Vehicles
By Sales Channel [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.