HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Continental AG, MS Motorservice International GmbH, Robert Bosch GmbH, and Youngshin Precision, Co. Ltd, among others, are the key players in the global market for automotive vacuum pump.
The global automotive vacuum pump market is being aided by the growth of the market for global automotive pumps, and is expected to grow at a CAGR of about 6.5% in the forecast period of 2022-2027.
A vacuum pump is a machine that draws in air and its constituent parts to remove gas molecules from a sealed space. To create a partial vacuum inside a capacity is its primary goal. These pumps help mechanical equipment function properly and are frequently utilised in setups like braking systems and car accessories.
The expansion of the automotive sector is driving the growth of the automotive vacuum pump market. The increasing sales of passenger vehicles due to the rising consumer disposable incomes, especially in developing countries, is facilitating the market development. Also, the increasing demand for high-performance vehicles is anticipated to promote the development in the sector.
The development of lightweight, fuel-efficient, and compact cars by different vehicle manufacturers and electric vacuum pumps for brake boosters with engine-independent vacuum production are expected to drive the automotive vacuum pump market growth. Other factors, such as technological advances and the growing automotive aftermarket sector, are also helping in the market development. Meanwhile, commercial vehicles are expected to stimulate the development of the automotive vacuum pump market in the projected year, due to the growing use of light and heavy commercial vehicles in different sectors and SMEs.
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HELLA GmbH & Co. KGaA is a German automotive components supplier that operates on a global scale. The company creates and manufactures lighting and electrical solutions for the automotive sector. The business is a major trade organisation for automobile accessories, parts, diagnostics, and services in Europe.
Rheinmetall Automotive is an international integrated technology group. Rheinmetall leverages its high level of competence in its core technologies to address long-term megatrends, identify potential new markets with strong growth potential, and develop cutting-edge solutions for a secure and liveable future. The business is a well-known direct supplier to the global automobile sector in addition to a development partner. In 2021, Rheinmetall had around 25,000 workers working at 133 offices and production facilities around the world, generating USD 5.6 billion in revenue.
With a focus on automotive safety, brake systems, engine and chassis components, interior electronics, tachographs, tyres, and other parts for the automotive and transportation sectors, Continental AG is a manufacturer of automobile parts. The business creates cutting-edge technologies and services for connected, and sustainable human and commercial transportation.
The Motorservice Group is Rheinmetall's worldwide aftermarket sales organisation. It is a global leader in the independent aftermarket for engine components. Along with its primary business, the spare parts specialist is responsible for the sales and distribution of personal health protection products, Pedelec systems, and digital services across the Rheinmetall Group.
Bosch is a German-based global engineering and technology company. Bosch is working to realise a vision of mobility that is fun, secure, and environmentally friendly. It draws on its expertise in software, sensor technology, and services along with its own IoT cloud, to offer integrated, cross-domain solutions to its clients from a single source.
Youngshin Precision Co. Ltd is a global auto component producer and exporter that studies and produces critical automotive components, including engines, chassis, and powertrain components, and provides them to automotive OEMs worldwide. Youngshin Precision is also creating key components to adapt to the future developments in the automotive industry.
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