Automotive Electric Vacuum Pump Market (Type - Diaphragm, Leaf, and Swing Piston; Application - Electric Vehicle, and Gasoline Vehicle): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : November, 2019

  • Rep Id : AT00158

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on the automotive electric vacuum pump market provides an in-depth analysis of segments and sub-segments in the global as well as regional automotive electric vacuum pump market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive electric vacuum pump market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive electric vacuum pump market. According to the report, the global automotive electric vacuum pump market is projected to grow at a CAGR of 15.8% over the forecast period of 2019-2025.

 

Market Insight

An automotive electric vacuum pump is a device that gets the drive from the camshaft which is inside the engine. Its installation improves the performance of the vehicle. It drains out the air from the brake booster tank that creates a vacuum and used in the application of the brake. Companies operating in the global automotive electric vacuum pump market are adopting strategies such as mergers, acquisitions, and collaborations that expand their market share.

 

The increasing automotive production in developing economies drives the growth of the automotive electric vacuum pump market. The surge in the adoption of electric vehicles contributes to the growth of the automotive electric vacuum pump market. The improved strength and durability of electric vehicle pumps stimulate the growth of the automotive electric vacuum pump market. The rise in demand for the installation of an electric vacuum pump in vehicles promotes the growth of the automotive electric vacuum pump market. In addition, improved vehicle efficiency with the use of electric vehicle pumps and stringent regulations regarding emissions boost the growth of the automotive electric vacuum pump market. On the flip side, the high cost of electric vehicle pumps hampers the growth of the automotive electric vacuum pump market. Moreover, technological advancement creates several opportunities for the growth of the automotive electric vacuum pump market.

 

Based on geography, the global automotive electric vacuum pump market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is anticipated to hold a premium share in the global automotive electric vacuum pump market. The growing automobile production and improved manufacturing facilities in the automobile sector in Asia-Pacific stimulate the growth of the automotive electric vacuum pump market in the Asia-Pacific region. Europe is expected to grow in the global automotive electric vacuum pump market with a significant CAGR over the forecast period. The rising implementation of advanced technology in electric vacuum pumps in Europe drives the growth of the automotive electric vacuum pump market in Europe. North America is showing growth in the global automotive electric vacuum pump market.

 

Segment Covered

The report on the global automotive electric vacuum pump market covers segments such as type and application. On the basis of type, the sub-markets include the diaphragm, leaf, and swing piston. On the basis of application, the sub-markets include electric vehicle, and gasoline vehicle.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Continental AG, Johnson Electric Holdings Ltd., Magna International Inc., Ningbo Tuopu Group Co., Ltd., Rheinmetall Automotive AG, Hella GmbH & Co KGaA, Robert Bosch GmbH, Valeo SA, Youngshin Precision, Co. Ltd., WABCO Holdings Inc., and other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive electric vacuum pump market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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