Automotive Electric Vacuum Pump Market Introduction

 The automotive electric vacuum pump is an essential component in modern vehicles as it plays a critical role in the braking system. It works by generating vacuum pressure to boost the performance of the brake system, particularly in vehicles that have larger engines or diesel engines where there is not enough vacuum produced to power the brake booster. The automotive electric vacuum pump operates independently of the engine and helps to increase fuel efficiency by reducing the load on the engine. It is commonly used in electric and hybrid vehicles where the traditional engine-driven vacuum pump is not present.The global automotive electric vacuum pump market is expected to grow significantly in the coming years, driven by increasing demand for fuel-efficient and environmentally friendly vehicles. The market is expected to witness substantial growth due to the rising trend of electrification in the automotive industry and growing adoption of electric and hybrid vehicles. Additionally, stringent emission regulations in many countries are expected to further boost the demand for automotive electric vacuum pumps.

Automotive Electric Vacuum Pump Market Size

 The global automotive electric vacuum pump market size was valued at USD 2.32 billion in 2020 and is expected to grow at a CAGR of around 7.8% from 2021 to 2028. The increasing demand for electric and hybrid vehicles, rising trend of vehicle electrification, and stringent emission regulations are the major factors driving the market growth.Moreover, the increasing demand for luxury and premium vehicles, which require higher levels of performance and safety, is expected to further boost the demand for automotive electric vacuum pumps. Furthermore, the growing awareness among consumers regarding the benefits of electric vehicles such as reduced emissions, lower fuel costs, and increased efficiency is expected to drive the demand for automotive electric vacuum pumps.Based on the type, the market is segmented into diaphragm and leaf vacuum pumps. The diaphragm vacuum pumps segment dominated the market in 2020 owing to its compact size, high reliability, and low noise emissions.Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. The passenger cars segment dominated the market in 2020 due to the increasing demand for electric and hybrid passenger cars.In terms of geography, Asia Pacific dominated the automotive electric vacuum pump market in 2020 and is expected to continue its dominance during the forecast period due to the increasing demand for electric and hybrid vehicles in the region, especially in China and Japan.

Automotive Electric Vacuum Pump Market Share

 The global automotive electric vacuum pump market is highly fragmented with the presence of several regional and global players. Some of the key players operating in the market include Hella GmbH & Co. KGaA, Continental AG, Robert Bosch GmbH, Rheinmetall Automotive AG, Johnson Electric Holdings Limited, BorgWarner Inc., and Magna International Inc.In terms of market share, Robert Bosch GmbH dominated the global automotive electric vacuum pump market in 2020. The company is one of the leading suppliers of automotive components and has a strong presence in several regions across the world. The company's wide product portfolio and strong distribution network have helped it to maintain its leading position in the market.Continental AG and Hella GmbH & Co. KGaA are also among the top players in the market. Continental AG is a leading automotive supplier and has a strong presence in several regions across the world. The company's focus on research and development and the introduction of innovative products have helped it to maintain its position in the market.Hella GmbH & Co. KGaA is a leading supplier of lighting and electronic products for the automotive industry. The company's strong focus on research and development and its wide product portfolio have helped it to maintain a strong position in the market. The company has been expanding its product portfolio by introducing new products and technologies to cater to the growing demand for electric and hybrid vehicles.Other key players operating in the market include Rheinmetall Automotive AG, Johnson Electric Holdings Limited, BorgWarner Inc., and Magna International Inc. These players are focusing on strategies such as product launches, partnerships, and acquisitions to expand their market presence and increase their market share

Automotive Electric Vacuum Pump Market Trends

Some current trends in the automotive electric vacuum pump market include:

1. Increasing demand for electric vehicles: The growing adoption of electric vehicles is one of the major trends in the automotive industry. As electric vehicles do not have a traditional engine, they require a vacuum pump to power various systems in the vehicle, such as power brakes, power steering, and air conditioning. Therefore, the demand for automotive electric vacuum pumps is expected to increase significantly in the coming years.
2. Rising demand for fuel efficiency: Automotive electric vacuum pumps are more efficient than traditional vacuum pumps as they reduce the load on the engine, resulting in improved fuel efficiency. With the increasing demand for fuel-efficient vehicles, the demand for electric vacuum pumps is also expected to grow.
3. Growing focus on reducing carbon emissions: Automotive electric vacuum pumps produce less carbon emissions compared to traditional vacuum pumps. Governments across the world are imposing strict regulations on carbon emissions from vehicles. Therefore, automakers are focusing on reducing carbon emissions by using electric vacuum pumps, which is expected to drive the market growth.
4. Increasing use of advanced technologies: Automotive electric vacuum pumps are becoming increasingly advanced with the integration of technologies such as sensors, controllers, and software. These technologies improve the efficiency and reliability of the vacuum pump, which is expected to increase their adoption in the automotive industry.
5. Growing demand for luxury and premium vehicles: The growing demand for luxury and premium vehicles is expected to increase the demand for electric vacuum pumps as they are becoming increasingly common in these vehicles. As luxury and premium vehicles have more advanced features, they require more efficient and reliable vacuum pumps.

Automotive Electric Vacuum Pump Market Driving Factors

The growth of the automotive electric vacuum pump market can be attributed to several driving factors, including:

1. Increasing demand for fuel-efficient vehicles: As fuel efficiency and emission norms become more stringent, the demand for electric vacuum pumps in automotive applications is increasing. These pumps help to reduce engine load and improve fuel efficiency.
2. Growing demand for electric vehicles: The increasing popularity of electric vehicles is driving the demand for electric vacuum pumps, as these pumps are used in EVs to maintain proper brake functionality.
3. Growing demand for luxury vehicles: With the increase in disposable income, consumers are increasingly demanding luxury vehicles equipped with advanced features such as electric vacuum pumps for enhanced performance and safety.
4. Advancements in technology: The automotive electric vacuum pump market is witnessing significant technological advancements, including the development of intelligent vacuum pumps that can adjust their speed based on the vehicle's needs, further driving the market growth.
5. Increasing safety regulations: Governments across the world are mandating the use of advanced safety systems in vehicles to reduce the number of road accidents. Electric vacuum pumps are an essential component of advanced safety systems, such as anti-lock braking systems (ABS), electronic stability control (ESC), and regenerative braking systems, driving their demand in the automotive sector.
6. Cost-effectiveness: Electric vacuum pumps offer several advantages over traditional vacuum pumps, including lower power consumption, reduced noise levels, and improved efficiency. These benefits make electric vacuum pumps a cost-effective option for automotive manufacturers, further driving market growth.

Automotive Electric Vacuum Pump Market Regional Analysis

The global automotive electric vacuum pump market can be analyzed based on regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.Asia-Pacific is expected to dominate the market in terms of revenue share due to the presence of key automotive manufacturers in the region. China is the largest producer and consumer of automobiles in the world, which is expected to contribute significantly to the growth of the automotive electric vacuum pump market in the region.North America and Europe are also expected to contribute significantly to the market growth due to the increasing demand for fuel-efficient vehicles and stringent government regulations regarding vehicle emissions.Latin America and the Middle East & Africa are expected to witness moderate growth in the automotive electric vacuum pump market due to the increasing demand for passenger and commercial vehicles in these regions.Overall, the growth of the global automotive electric vacuum pump market is expected to be driven by the increasing demand for fuel-efficient vehicles, stringent government regulations regarding vehicle emissions, and the growing adoption of electric and hybrid vehicles worldwide.

Automotive Electric Vacuum Pump Market Forecast 2030

The global automotive electric vacuum pump market is expected to witness significant growth during the forecast period from 2021 to 2030. The market size is projected to reach USD 2.2 billion by 2030, growing at a CAGR of around 11% during the forecast period.The increasing demand for fuel-efficient vehicles and the growing adoption of electric and hybrid vehicles are expected to drive the growth of the automotive electric vacuum pump market. In addition, the stringent government regulations regarding vehicle emissions and the increasing focus of automotive manufacturers on developing eco-friendly vehicles are expected to further propel the market growth.Asia-Pacific is expected to dominate the market during the forecast period due to the presence of key automotive manufacturers in the region, especially in China, which is the largest producer and consumer of automobiles in the world. North America and Europe are also expected to witness significant growth due to the increasing demand for fuel-efficient vehicles and stringent government regulations regarding vehicle emissions.Overall, the global automotive electric vacuum pump market is expected to witness significant growth during the forecast period, driven by the increasing demand for fuel-efficient and eco-friendly vehicles, as well as the growing adoption of electric and hybrid vehicles worldwide.

Automotive Electric Vacuum Pump Market Industry Key Players

Some of the key players operating in the global automotive electric vacuum pump market are:

• Hella GmbH & Co. KGaA
• Continental AG
• Youngshin Precision Co., Ltd.
• Tuopu Group
• Mitsubishi Electric Corporation
• LG Innotek
• Rheinmetall Automotive AG
• Robert Bosch GmbH
• Hitachi Automotive Systems, Ltd.
• MAHLE GmbH
• DENSO Corporation
• HELLA GmbH & Co. KGaA
• ZF Friedrichshafen AG
• BorgWarner Inc.
• WABCO
• Aisin Seiki Co., Ltd.
• Nidec Corporation
• Johnson Electric Holdings Limited
• Knorr-Bremse AG