Automotive Electric Vacuum Pump Market Size, Trends and Insights By Propulsion (EV, ICE), By Application (Brake, Engine), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Sales Channel (OEM, Aftermarket), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Continental AG
- HELLA GmbH & Co. KGaA
- Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd.
- Others
Reports Description
The surging demand for fuel-efficient vehicles is boosting the market
According to Custom Market Insights (CMI), The Global Automotive Electric Vacuum Pump Market was worth around USD 1.3 billion in 2021 and is expected to reach USD 1.51 billion in 2022 and is predicted to grow to around USD 3.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 14% between 2022 and 2030.
The report analyses the Automotive Electric Vacuum Pump market’s drivers and restraints and the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Automotive Electric Vacuum Pump market.
Automotive Electric Vacuum Pump Market: Overview
The pneumatic operation of the brake booster and other components, such as the vacuum for the direct fuel injection system, are both adequately supported by automotive electric vacuum pumps (EVPs). Compared to mechanical pumps, which result in fuel savings of between 0.3 and 0.6 km for every three litres of fuel, these increase the fuel efficiency of the cars, which reduces carbon emissions by up to two grams of CO2/km. Other engine parts, including central locking systems, wastegate valves on the exhaust-gas turbocharger, and exhaust gas recirculation valves, also require a vacuum provided by vacuum pumps.
Automotive Electric Vacuum Pump Market: COVID–19 Impact Analysis
The automobile industry has been dramatically impacted by the COVID-19 pandemic, which has resulted in a significant drop in car production and inventory. However, the market for vehicle electric vacuum pumps is seeing long-term value grab potential as electric mobility gains traction. Manufacturers are growing their operations in China because the nation has one of the largest fleets of electric vehicles, followed by the United States.
Industry experts anticipate that sales will keep improving in 2022. However, based on the downturns experienced in 2020 due to the coronavirus pandemic, it is estimated that it may even take up to 3-5 years for the automobile sector to return to normal. As a result, it is anticipated that newly registered passengers in electric mobility would maintain economies in the automobile electric vacuum pump industry.
Automotive Electric Vacuum Pump Market: Growth Drivers
Enhanced vehicle fuel efficiency
The automotive electric vacuum pump market is expanding due to the increased fuel efficiency of using automotive EVPs. Depending on demand, it can be turned on and off. As a result, it is possible to prevent mechanical pumps from idling and wasting energy. Additionally, on-demand pump operation increases the likelihood that the pump will have a longer useful life while also prolonging the motor’s lifespan. The lack of a mechanical pump also lessens the strain on the engine’s lubrication system because there is no need for an additional oil supply for the vacuum pump. As a result, pumps can be designed to be smaller, which increases engine efficiency.
Furthermore, avoiding erroneous braking lowers excessive CO2 emissions and so conserves fuel, increasing a vehicle’s fuel efficiency even in challenging driving situations. Therefore, the market will gain from developing automotive EVPs that allow engine-independent vacuum generation for brake boosters throughout the projected period. Additionally, the adoption of highly fuel-efficient automobiles with automotive EVPs is being fueled by a surge in global awareness of global warming, the need for mobility services, and vehicle safety.
Improved safety
The engine’s camshaft powers the automotive electric vacuum pump, which can also be powered by the alternator shaft in some systems. Any machine that has excellent performance will gain from it. For example, a brake booster tank’s air must be drained to create a vacuum, which can then be utilized to apply the brakes. This is the primary purpose of an automotive electric vacuum pump.
An electric vacuum pump for cars will lengthen engine life, boost horsepower, and keep the oil clean for longer. In addition, it improves the vehicle’s capacity for safety. With vacuum sensors to track changes in the brake booster tank’s space, the automotive electric vacuum pump ensures that drivers have enough power. With extensive use in cars for safety purposes, the automotive electric vacuum pumps market is expanding. Additionally, it keeps the engine running longer, extending motor life.
Automotive Electric Vacuum Pump Market: Segmentation Analysis
In our research scope, the moringa market is segmented into propulsion, vehicle type, application, and sales channel. Based on propulsion type, the electric vehicle is estimated to hold a dominant market position in 2021 owing to the demand from the aftermarket sector and the recent increase in new energy vehicle manufacturing and sales. Additionally, during the forecast period, the market for new energy cars, such as BEVs and PHEVs, is anticipated to rise in emerging nations.
Based on the sales channel, the market is categorized into OEM and aftermarket segments. Because EV production is rising internationally to reduce carbon emissions, the OEM category is predicted to hold the top spot in the market. In addition, the start of the COVID-19 pandemic has had an impact on the manufacture of electric vehicles all around the world. However, the effect is anticipated to diminish starting in 2021, restarting electric car manufacture and reviving the EVP market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 1.3 Billion |
| Projected Market Size in 2030 | USD 3.2 Billion |
| Market Size in 2022 | USD 1.51 billion |
| CAGR Growth Rate | 14% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Continental AG, HELLA GmbH & Co. KGaA, Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd., Robert Bosch GmbH, Johnson Electric, Magna International Inc., Rheinmetall Automotive AG, Toupo Group, Valeo SA, WABCO, YT STABLE TECH. CORP., Youngshin Precision, Co. Ltd., and Others |
| Key Segment | By Propulsion, Application, Vehicle Type, Sales Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Automotive Electric Vacuum Pump market is estimated to grow annually at a CAGR of around 14% over the forecast period (2022-2030).
- In terms of revenue, the Automotive Electric Vacuum Pump market size was valued at around USD 1.3 billion in 2021 and is projected to reach USD 3.2 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on propulsion segmentation, the electric vehicle segment was estimated to hold the maximum market share in 2021.
- Based on application type segmentation, the brake segment was the top revenue-generating category in 2021.
- Based on vehicle type segmentation, the passenger car segment was the top revenue-generating category in 2021.
- Based on sales channel segmentation, the OEM segment was the top revenue-generating category in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- May 2022: ADVIK and Entecnia, a Spanish company, collaborate technically on electric vacuum pumps for xEV and ICE Braking Systems.
Regional Landscape
The automotive electric vacuum pump market is estimated to be the largest in the Asia Pacific because of developing nations like China and India. With the improvement of technology in these areas, OEMs plan to expand their manufacturing capacity in terms of volume and establish new facilities. The rise of the automotive industry in the Asia Pacific has been fueled by an increase in car production, which has also fueled the market for automotive electric vacuum pumps. With the implementation of new technology in their output, Western European nations like Germany, France, and the UK are increasing their production of automotive electric vacuum pumps. North America and Latin America are following, with a few of the largest automotive manufacturing companies in these regions.
Competitive Landscape
The industry is heavily consolidated, with the top five manufacturers controlling about half of the global Automotive EVP (Electric Vacuum Pump) market. To obtain an advantage over rival businesses, well-known corporations collaborate with producers of electric vehicles. Due to the growing market need for electric vacuum pumps, several manufacturers are investing in these technologies. For instance, Continental AG created the one-box braking system, which reduces fuel consumption and carbon emissions by weighing the size and quantity of brake system components.
Prominent Players:
- Continental AG
- HELLA GmbH & Co. KGaA
- Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd.
- Robert Bosch GmbH
- Johnson Electric
- Magna International Inc.
- Rheinmetall Automotive AG
- Toupo Group
- Valeo SA
- WABCO
- YT STABLE TECH. CORP.
- Youngshin Precision Co. Ltd.
The global Automotive Electric Vacuum Pump market is segmented as follows:
By Propulsion
- EV
- ICE
By Application
- Brake
- Engine
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Sales Channel
- OEM
- Aftermarket
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Automotive Electric Vacuum Pump Market, (2022 – 2030) (USD Billion)
- 2.2 Global Automotive Electric Vacuum Pump Market : snapshot
- Chapter 3. Global Automotive Electric Vacuum Pump Market – Industry Analysis
- 3.1 Automotive Electric Vacuum Pump Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Enhanced vehicle fuel efficiency
- 3.2.2 Improved safety
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Propulsion
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By Vehicle Type
- 3.7.4 Market attractiveness analysis By Sales Channel
- Chapter 4. Global Automotive Electric Vacuum Pump Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Automotive Electric Vacuum Pump Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Automotive Electric Vacuum Pump Market – Propulsion Analysis
- 5.1 Global Automotive Electric Vacuum Pump Market overview: By Propulsion
- 5.1.1 Global Automotive Electric Vacuum Pump Market share, By Propulsion, 2021 and 2030
- 5.2 EV
- 5.2.1 Global Automotive Electric Vacuum Pump Market by EV, 2022 – 2030 (USD Billion)
- 5.3 ICE
- 5.3.1 Global Automotive Electric Vacuum Pump Market by ICE, 2022 – 2030 (USD Billion)
- 5.1 Global Automotive Electric Vacuum Pump Market overview: By Propulsion
- Chapter 6. Global Automotive Electric Vacuum Pump Market – Application Analysis
- 6.1 Global Automotive Electric Vacuum Pump Market overview: By Application
- 6.1.1 Global Automotive Electric Vacuum Pump Market share, By Application, 2021 and 2030
- 6.2 Brake
- 6.2.1 Global Automotive Electric Vacuum Pump Market by Brake, 2022 – 2030 (USD Billion)
- 6.3 Engine
- 6.3.1 Global Automotive Electric Vacuum Pump Market by Engine, 2022 – 2030 (USD Billion)
- 6.1 Global Automotive Electric Vacuum Pump Market overview: By Application
- Chapter 7. Global Automotive Electric Vacuum Pump Market – Vehicle Type Analysis
- 7.1 Global Automotive Electric Vacuum Pump Market overview: By Vehicle Type
- 7.1.1 Global Automotive Electric Vacuum Pump Market share, By Vehicle Type, 2021 and 2030
- 7.2 Passenger Cars
- 7.2.1 Global Automotive Electric Vacuum Pump Market by Passenger Cars, 2022 – 2030 (USD Billion)
- 7.3 Commercial Vehicles
- 7.3.1 Global Automotive Electric Vacuum Pump Market by Commercial Vehicles, 2022 – 2030 (USD Billion)
- 7.1 Global Automotive Electric Vacuum Pump Market overview: By Vehicle Type
- Chapter 8. Global Automotive Electric Vacuum Pump Market – Sales Channel Analysis
- 8.1 Global Automotive Electric Vacuum Pump Market overview: By Sales Channel
- 8.1.1 Global Automotive Electric Vacuum Pump Market share, By Sales Channel, 2021 and 2030
- 8.2 OEM
- 8.2.1 Global Automotive Electric Vacuum Pump Market by OEM, 2022 – 2030 (USD Billion)
- 8.3 Aftermarket
- 8.3.1 Global Automotive Electric Vacuum Pump Market by Aftermarket, 2022 – 2030 (USD Billion)
- 8.1 Global Automotive Electric Vacuum Pump Market overview: By Sales Channel
- Chapter 9. Automotive Electric Vacuum Pump Industry – Regional Analysis
- 9.1 Global Automotive Electric Vacuum Pump Industry Regional Overview
- 9.2 Global Automotive Electric Vacuum Pump Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Automotive Electric Vacuum Pump Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030
- 9.4.1 North America Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030 (USD Billion)
- 9.5 North America Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030
- 9.5.1 North America Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030 (USD Billion)
- 9.6 North America Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030
- 9.6.1 North America Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.7 North America Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030
- 9.7.1 North America Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Automotive Electric Vacuum Pump Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030
- 9.9.1 Europe Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030 (USD Billion)
- 9.10 Europe Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030
- 9.10.1 Europe Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030 (USD Billion)
- 9.11 Europe Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030
- 9.11.1 Europe Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.12 Europe Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030
- 9.12.1 Europe Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Automotive Electric Vacuum Pump Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030
- 9.14.1 Asia Pacific Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030
- 9.15.1 Asia Pacific Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030
- 9.16.1 Asia Pacific Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030
- 9.17.1 Asia Pacific Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Automotive Electric Vacuum Pump Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030
- 9.19.1 Latin America Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030 (USD Billion)
- 9.20 Latin America Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030
- 9.20.1 Latin America Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030 (USD Billion)
- 9.21 Latin America Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030
- 9.21.1 Latin America Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.22 Latin America Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030
- 9.22.1 Latin America Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030
- 9.24.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Propulsion, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030
- 9.25.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Application, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030
- 9.26.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030
- 9.27.1 The Middle-East and Africa Automotive Electric Vacuum Pump Industry, by Sales Channel, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Continental AG
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 HELLA GmbH & Co. KGaA
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd.
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Robert Bosch GmbH
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Johnson Electric
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Magna International Inc.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Rheinmetall Automotive AG
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Toupo Group
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Valeo SA
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 WABCO
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 YT STABLE TECH. CORP.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Youngshin Precision Co. Ltd.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.1 Continental AG
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- Continental AG
- HELLA GmbH & Co. KGaA
- Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd.
- Robert Bosch GmbH
- Johnson Electric
- Magna International Inc.
- Rheinmetall Automotive AG
- Toupo Group
- Valeo SA
- WABCO
- YT STABLE TECH. CORP.
- Youngshin Precision Co. Ltd.
- Others
FAQs
“Asia-Pacific” region will lead the global Automotive Electric Vacuum Pump market during the forecast period 2022 to 2030.
The key factors driving the market are enhanced vehicle fuel efficiency and improved safety.
The key players operating in the Automotive Electric Vacuum Pump market are Continental AG, HELLA GmbH & Co. KGaA, Dalain Haina New Energy Auto Parts Manufacturing Co. Ltd., Robert Bosch GmbH, Johnson Electric, Magna International Inc., Rheinmetall Automotive AG, Toupo Group, Valeo SA, WABCO, YT STABLE TECH. CORP., Youngshin Precision, Co. Ltd.
The global Automotive Electric Vacuum Pump market is expanding growth with a CAGR of approximately 14% during the forecast period (2022 to 2030).
The global Automotive Electric Vacuum Pump market size was valued at USD 1.3 Billion in 2021 and it is projected to reach around USD 3.2 Billion by 2030.