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.Market Breakup by Type
- Electric
 - Mechanical
 
Market Breakup by Vehicle Type
- Passenger Vehicle
 - Light Commercial Vehicle
 - Heavy Commercial Vehicle
 
Market Breakup by Sales Channel
- Aftermarket
 - OEM
 
Market Breakup by Region
- North America
 - Europe
 - Asia-Pacific
 - Latin America
 - Middle East and Africa
 
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
 
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Companies Mentioned
The key companies featured in this Automotive Vacuum Pump market report include:- HELLA GmbH & Co. KGaA
 - Rheinmetall Automotive AG
 - Continental AG
 - MS Motorservice International GmbH
 - Robert Bosch GmbH
 - Youngshin Precision, Co. Ltd
 

