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Global Automotive Vacuum Pump Market: By Type: Electric, Mechanical; By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle; By Sales Channel: Aftermarket, OEM; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Vacuum Pump Market Outlook
The global automotive vacuum pump market is being aided by the automotive pump market, which is expected to grow at a CAGR of about 6.5% in the forecast period of 2022-2027.
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Increasing Demand for Passenger Vehicles to Augment the Growth of the Automotive Vacuum Pump Industry Globally
Based on vehicle type, the passenger vehicles segment is witnessing a robust growth and is expected to account for a significant share in the industry in the forecast period. The rising sales of passenger cars owing to the escalating consumer disposable incomes, particularly in emerging nations, are facilitating the market growth. Meanwhile, commercial vehicles are anticipated to spur the growth of the automotive vacuum pump market in the forecast period owing to the increasing adoption of light and heavy commercial vehicles in various industries and SMEs.
The Asia Pacific to Significantly Boost the Automotive Vacuum Pump Industry Growth
The Asia Pacific accounts for a major share in the industry owing to the rising demand for and increased production of automobiles in the region, which, in turn, is increasing the demand for automotive vacuum pump at a rapid pace. The increase in production volume by the OEMs in emerging nations such as India and China is anticipated to augment the demand for automotive vacuum pump. Additionally, the increase in per capita income, low taxes on purchasing vehicles, and the establishment of enhanced manufacturing facilities in the region is also boosting the industry growth. Over the forecast period, the adoption of advanced technologies by the key players and the increasing focus on improving the fuel efficiency of vehicles are projected to augment the demand for automotive electric vacuum pump, thus, aiding the industry growth.
Automotive Vacuum Pump: Market Segmentation
A vacuum pump is a device that is used to eliminate gas molecules from a sealed volume by sucking air and its elements. Its main objective is to generate a partial vacuum within a capacity. These pumps support the functioning of mechanical devices and are commonly used in automotive accessories and the braking systems, among others. They are classified into various types and used in various processes for different requirements of vacuum and displacement levels.
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Based on type, the market is bifurcated into:
- Electric
- Mechanical
By vehicle type, the industry can be segmented into:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Based on sales channel, it is categorised as:
- Aftermarket
- OEM
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Expanding Automotive Sector and the Advancements in Technology to Bolster the Growth of the Automotive Vacuum Pump Industry
The growth of the automotive sector and the increasing sales of passenger vehicles are driving the growth of the automotive vacuum pump industry. Moreover, the escalating demand for high performance cars is also expected to foster the industry's growth. The development of lightweight, fuel-efficient, and compact vehicles by various vehicle manufacturers and the development of electric vacuum pump with engine-independent vacuum generation for brake boosters are slated to fuel the industry. Other factors like the technological advancements and expanding automotive aftermarket industry are also aiding market growth.
Key Industry Players in the Global Automotive Vacuum Pump Market
The report gives a detailed analysis of the following key players in the global automotive vacuum pump market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- HELLA GmbH & Co. KGaA
- Rheinmetall Automotive AG
- Continental AG
- MS Motorservice International GmbH
- Robert Bosch GmbH
- Youngshin Precision, Co. Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Vehicle Type, Sales Channel, Region |
| Breakup by Type | Electric, Mechanical |
| Breakup by Vehicle Type | Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle |
| Breakup by Sales Channel | Aftermarket, OEM |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Continental AG, MS Motorservice International GmbH, Robert Bosch GmbH, Youngshin Precision, Co. Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Automotive Vacuum Pump Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Vacuum Pump Historical Market (2017-2021)
8.3 Global Automotive Vacuum Pump Market Forecast (2022-2027)
8.4 Global Automotive Vacuum Pump Market by Type
8.4.1 Electric
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Mechanical
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Automotive Vacuum Pump Market by Vehicle Type
8.5.1 Passenger Vehicle
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Light Commercial Vehicle
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Heavy Commercial Vehicle
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Automotive Vacuum Pump Market by Sales Channel
8.6.1 Aftermarket
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 OEM
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Automotive Vacuum Pump Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 HELLA GmbH & Co. KGaA
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Rheinmetall Automotive AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Continental AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 MS Motorservice International GmbH
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Robert Bosch GmbH
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Youngshin Precision, Co. Ltd
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Automotive Vacuum Pump Market: Key Industry Highlights, 2016 and 2026
2. Global Automotive Vacuum Pump Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Automotive Vacuum Pump Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Automotive Vacuum Pump Historical Market: Breakup by Vehicle Type (USD Billion), 2017-2021
5. Global Automotive Vacuum Pump Market Forecast: Breakup by Vehicle Type (USD Billion), 2022-2027
6. Global Automotive Vacuum Pump Historical Market: Breakup by Sales Channel (USD Billion), 2017-2021
7. Global Automotive Vacuum Pump Market Forecast: Breakup by Sales Channel (USD Billion), 2022-2027
8. Global Automotive Vacuum Pump Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Automotive Vacuum Pump Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Automotive Vacuum Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Automotive Vacuum Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Automotive Vacuum Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Automotive Vacuum Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Automotive Vacuum Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Automotive Vacuum Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Automotive Vacuum Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Automotive Vacuum Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Automotive Vacuum Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Automotive Vacuum Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Automotive Vacuum Pump Market Structure
Key Questions Answered in the Report
The global automotive vacuum pump market is projected to grow at a CAGR of 6.5% between 2022 and 2027.
The major drivers of the market include the escalating demand for high performance cars, technological advancements, expanding automotive aftermarket industry, increase in per capita income, low taxes on purchasing vehicles, establishment of enhanced manufacturing facilities, and increasing focus on improving the fuel efficiency of vehicles.
The growth of the automotive sector and the increasing sales of passenger vehicles are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Electric and mechanical are the two types of automotive vacuum pumps in the market.
By vehicle type, the industry can be segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
Based on the sales channel, it is categorised as aftermarket and OEM.
The major players in the industry are HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Continental AG, MS Motorservice International GmbH, Robert Bosch GmbH, and Youngshin Precision, Co. Ltd, among others.
Analyst Review
The global automotive vacuum pump market was driven by the increasing sales of passenger vehicles in the historical period. Aided by technological advancements and the growth of the automotive sector, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Electric and mechanical are the two types of automotive vacuum pumps in the market. By vehicle type, the industry can be segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Based on the sales channel, it is categorised into aftermarket and OEM. The major regional markets for automotive vacuum pump are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are HELLA GmbH & Co. KGaA, Rheinmetall Automotive AG, Continental AG, MS Motorservice International GmbH, Robert Bosch GmbH, and Youngshin Precision, Co. Ltd, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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