Global Automotive Electric Vacuum Pump (EVP) Market to Reach USD 3,794.83 Million by 2030 | CAGR of 10.3%
Category : Automotive Services | Published Date : Nov 2024 | Type : Press Release
Automotive Electric Vacuum Pump (EVP) Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Automotive Electric Vacuum Pump (EVP) Market size was valued at USD 1,756.13 Million in 2022 and is projected to reach USD 3,794.83 Million by 2030, growing at a CAGR of 10.3% from 2023 to 2030. Automotive electric vacuum pumps are crucial for providing vacuum pressure to power brake boosters and for reducing load on the engine lubrication system, contributing to improved fuel efficiency and motor life in vehicles. These pumps play a significant role in modern automotive systems, especially in enhancing braking performance and ensuring proper engine function.
The report comprises the Automotive Electric Vacuum Pump (EVP) Market Share, Size & Industry Analysis, By Type (Diaphragm Type, Leaf Type, and Swing Piston Type), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (OEM and Aftermarket), Application (Brake, Engine), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Automotive Electric Vacuum Pump (EVP) Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for electric vacuum pumps in vehicles to improve fuel efficiency and reduce CO2 emissions is driving market growth, while high production costs act as a restraint.
Segmental Analysis :
Based on type, the market is segmented into diaphragm type, leaf type, and swing piston type.
- Diaphragm type accounted for the largest share in 2022 at 41.23%, driven by its efficiency in generating vacuum with minimal energy consumption and long lifespan. Diaphragm pumps offer reduced friction, leading to low maintenance costs.
- Swing piston type is expected to register the fastest growth during the forecast period due to its high vacuum power and energy efficiency, making it ideal for automotive applications requiring strong vacuum pressure.
Based on vehicle type, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles.
- Passenger cars held the largest market share in 2022 and are expected to grow at the fastest CAGR. The increasing demand for fuel-efficient vehicles and advancements in brake technologies are boosting the adoption of electric vacuum pumps in this segment.
Based on sales channel, the market is bifurcated into OEM and aftermarket.
- OEM accounted for the largest revenue share in 2022, as manufacturers increasingly prefer reliable and established brands for electric vacuum pumps.
- Aftermarket is projected to grow at the fastest rate, driven by consumer demand for replacement and upgradation of existing vacuum systems in vehicles.
Based on application, the market is segmented into brake and engine.
- Brake application dominated the market in 2022, driven by the critical role of electric vacuum pumps in enhancing braking performance. The integration of advanced braking systems in modern vehicles has further spurred demand in this segment.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific accounted for the largest market share in 2022, driven by the growth of the automotive sector and the increasing adoption of electric vacuum pumps in passenger cars and commercial vehicles in China and Japan.
- Europe is expected to witness the fastest growth during the forecast period due to stringent emission regulations and the early adoption of electric vehicle technologies.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 3,794.83 Million |
| CAGR (2023-2030) | 10.3% |
| By Type | Diaphragm Type, Leaf Type, Swing Piston Type |
| By Vehicle Type | Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles |
| By Sales Channel | OEM, Aftermarket |
| By Application | Brake, Engine |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape includes major industry players known for innovation and technological advancements. Key players actively engage in mergers, acquisitions, and collaborations to strengthen their market positions.
List of prominent players in the Automotive Electric Vacuum Pump (EVP) Industry:
- Atlas Copco AB
- Continental AG
- Hella GmBH & Co. KGaA
- Mikuni Corp.
- Rheinmetall Automotive AG
- Robert Bosch GmbH
- Tuopu Group
- VERDER India Pumps Pvt Ltd
- Youngshin Precision Co., Ltd.
- ZF Friedrichshafen AG
Recent Industry Developments :
- In April 2023, Atlas Copco completed the acquisition of Trillium US Inc., enhancing its portfolio in the electric vacuum pump market, particularly in North America.
- In May 2022, ZF Friedrichshafen AG introduced an integrated brake control system featuring vacuum-independent technology, marking a significant advancement in braking systems for electric vehicles.
