The Automotive EVP (Electric Vacuum Pump)– Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research and development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global Automotive EVP (Electric Vacuum Pump) market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.
This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.
The global automotive EVP (Electric Vacuum Pump) market size is anticipated to reach USD 2.40 billion by 2026 on account of the increasing demand for more efficient vehicles worldwide. Automotive electric pumps help to provide more power to the driver of the vehicle by monitoring the change in the brake booster tank space created by vacuum sensors. The implementation of EVPs is on the rise owing to the safety regulations imposed by various governments about driving safety. As per a recently published report by Fortune Business Insights titled, “Automotive EVP (Electric Vacuum Pump) Market Size, Share and Industry Analysis, By Electric Vehicle Type (BEV, HEV, PHEV), By Vehicle Type (Passenger Car, LCV, HCV) and Regional Forecasts, 2019-2026,” the market value stood at USD 1.11 billion in 2018. It will rise at a CAGR of 10.2% between 2019 and 2026.
An Overview of the Impact of COVID-19 on the automotive EVP (Electric Vacuum Pump) market:
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Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
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- Regular report updates
- A comprehensive overview of the market and its growth parameters such as drivers, restraints, challenges, and opportunities
- A detailed discussion of the table of segmentation with market figures
- Major automotive electric vacuum pump market trends, key industry developments, and other interesting insights
- Competitive landscape, and list of players operating in the market with prime strategies adopted by them
Increasing Demand for Mobility Services to Aid in Expansion of Market
The rise in popularity and adoption of electric vehicles worldwide is a major automotive EVP market growth driver. Besides this, the development of EVs with engine-independent vacuum generation for brake boosters is expected to augment market growth. Besides, these vacuum pumps are capable of boosting the efficiency of the engine by preventing improper braking, reducing the level of carbon emissions, and preserving fuel, thereby promoting the market. Furthermore, the increasing demand for mobility services on a global basis is expected to add impetus to the market in the forthcoming years.
Browse Summary of this Research Insights with Detailed TOC:
Players Investing Heavily in RandD to Develop Efficiently and Advanced Electric Vaccum Pumps
A few players operate the market for the automotive electric vacuum pump. These vendors are aiming to satisfy the increasing demand of consumers concerning consistent and smooth brake, and overall reliable performance. Thus, players are investing in research and development of various types of EVPs such as UP5.0, UP32, UP30, AND UP28 promising enhanced performance. Such initiatives will help players gain momentum in the market and earn high automotive electric vacuum pump market revenue in the forthcoming years.
List of Vendors Operating in the Automotive EVP Market are the following:
- Hella GmbH and Co. KGaA
- Robert Bosch GmbH
- Rheinmetall Automotive AG
- Continental AG
- Mikuni Corp
- Tuopu Group
- Youngshin Precision Co., Ltd.
- Other vendors
Asia Pacific to Dominate the Market Owing to Increasing Adoption of Electric Vehicles
Geographically, the global automotive electric vacuum pump market is widespread into the region of Europe, North America, Asia Pacific, and the Rest of the World. Each of these regions is further categorized based on nations. Among these, Asia Pacific is dominating the market with the most significant number of automobile production and sale in the region. This, coupled with the increasing adoption of electric vehicles in nations such as Japan and China. Besides this, Original Equipment Manufacturers (OEMs) are strategizing on multiplying production volume and introducing rapid technological advancement into industries in developing nations such as China and India.
Europe will emerge as the second-largest and witness notable growth owing to stringent regulations imposed on controlling emission levels and the rise in the adoption of electric vehicles in this region.
On the other side, North America will hold a significant automotive electric vacuum pump market share on account of the presence of popular manufacturing companies for automobiles and the increasing need to introduce fuel-efficient measures in them, especially for the pickup trucks.
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Merger, Acquisitions, and Partnerships
- Distributor Analysis For Major Players
- Growth and Penetration Analysis
- Porter’s Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Automotive Electric Vacuum Pump Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Market Analysis, Insights and Forecast By Electric Vehicle Type
- Market Analysis, Insights and Forecast By Region
- North America
- Asia pacific
- Rest of the World
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Major Industry Developments of the Automotive Electric Vacuum Pump (EVP) Market include:
May 2018 Hella GmbH and Co. kGaA developed an electric vacuum pump for brake system in automobiles with high-efficiency for engines running on diesel, turbo, gasoline, electric, hybrid, supercharged engines as well as for full-electric power trains.
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