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Global “Automotive Electric Vacuum Pump Market” report provided deep analysis of the vendor landscape to give you a complete picture of current and future competitive scenarios of the global market. The market report elaborates the various affecting factors like market share, competitive intelligence and growth opportunity. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The Automotive Electric Vacuum Pump market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The global Automotive Electric Vacuum Pump market to grow at a CAGR of close to 16%% during the period 2019-2023.
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About Automotive Electric Vacuum Pump Market:
Electric vacuum pumps are used in vehicle braking systems as a source of vacuum for brake boosters. automotive electric vacuum pump market analysis considers the application of automotive electric vacuum pumps in passenger vehicles and commercial vehicles. Our analysis also finds the use of automotive electric vacuum pumps in APAC, Europe, MEA, North America, and South America. In 2018, the passenger vehicles segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the presence of stringent regulations related to fuel efficiency will play a significant role in the passenger vehicles segment to maintain its market position. Also, our global automotive electric vacuum pump market looks at factors such as the rising sales of vehicles equipped with electric vacuum pump-enabled brake boosters, increase in vehicleâ€™s fuel efficiency with the use of electric vacuum pumps, and the presence of stringent regulations and standards related to emissions. However, the high cost of electric vacuum pumps, vehicle recalls due to the use of faulty electric vacuum pumps, and the decreasing car ownership due to the availability of smart mobility solutions may hamper the growth of the global automotive electric vacuum pump market size over the forecast period
Use of electric vacuum pumps improves the fuel efficiency of vehiclesUnlike mechanical vacuum pumps, electric vacuum pumps allow engine-independent vacuum generation for brake boosters. The electric vacuum pumps turn on only when the brakes are applied and remain off otherwise. This results in higher fuel efficiency when compared to mechanical vacuum pumps. Owing to its contribution toward the vehicleâ€™s fuel efficiency, automobile manufacturers are increasingly adopting electric vacuum pumps. This is expected to be one of the crucial factors driving the growth of the global automotive electric vacuum pump market size at a CAGR of close to 16% during the forecast period.The advent of advanced diagnostic solutions to enable quick fault diagnosis and repair of braking systemsThe automotive industry is consistently evolving with the advent of new technologies. One of the recent trends in the automotive remote diagnostics is the development of advanced connected technology called the prognosis solution or predictive maintenance. In predictive maintenance, a remote diagnostic center receives information over a network link and prepares an appropriate fault detection and isolation response. This serves as a proactive preventive measure in automobiles, especially in areas such as braking systems. This growing trend in the automotive industry will have a positive impact on the growth of the market.
Some Key Players of Global Automotive Electric Vacuum Pump Market Are:
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Highlights of the Automotive Electric Vacuum Pump market report:
Important Key questions answered in Automotive Electric Vacuum Pump market report:
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Detailed TOC of Automotive Electric Vacuum Pump Market Report 2019-2023:
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY APPLICATIONMarket segmentation by applicationComparison by applicationPassenger vehicles – Market size and forecast 2018-2023Commercial vehicles – Market size and forecast 2018-2023Market opportunity by applicationPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonAPAC – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023North America – Market size and forecast 2018-2023South America – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 10: TRENDSDevelopments to replace vacuum pumpsUse of advanced materials in electric vacuum pumpsAdvent of advanced diagnostic solutions to enable quick fault diagnosis and repair of braking systemsPART 11: VENDOR LANDSCAPEOverviewLandscape disruptionCompetitive scenarioPART 12: VENDOR ANALYSISVendors coveredVendor classificationMarket positioning of vendorsContinental AGHella GmbH and Co. KGaAMikuni Corp.Ningbo Tuopu Group Co. Ltd.Rheinmetall AGYoungshin Precision Co. Ltd.PART 13: APPENDIXResearch methodologyList of abbreviationsDefinition of market positioning of vendorsContact Us:
Name: Ajay More
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