Press release
Automotive Electric Vacuum Pump Market (Updated Research Report) Growth Analysis And Forecast 2020-2027
Automotive Electric Vacuum Pump Market
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Regions covered
North America (the U.S. and Canada), Europe (Germany, the U.K., France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and the Middle East & Africa
Companies covered
Continental AG, Hella GmbH & Co. KGaA, Mikuni Corp., Ningbo Tuopu Group Co. Ltd., Rheinmetall AG, Youngshin Precision Co. Ltd., LPR Global, GZ Motorsports, Johnson Electric, and Robert Bosch.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increase in investments in research and development of vacuum pumps, exponential growth in the adoption of electric vacuum pumps, and increase in demand for lightweight and fuel-efficient vehicles are driving the growth of the market. However, malfunctioning of electric vacuum pump and durability problems are expected to hamper the growth of the market. Contrarily, increase in demand for superior performing brakes can be seen as an opportunity for the market investments.
The automotive electric vacuum pump market trends are as follows:
Malfunctioning of electric vacuum pump and durability problems
The major restraint of automotive electric vacuum pump is the problem of generating insufficient vacuum at the application of brakes. These pumps work without any problems for a short while but after certain period, it tends to be oily and unreliable as they are designed for an oil-free environment. Rapid development in technology of braking systems such as introduction of vacuum-free technology may restrain the growth of vacuum pumps in the market. For example, General Motors is working towards the adoption of vacuum-free braking systems for its vehicle which will lead to more durable braking system and prevent the malfunction in the vacuum. Therefore, decline in demand for vacuum pumps for braking system will hamper the growth of the automated electric vacuum pump market.
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Key benefits of the report:
1 This study presents the analytical depiction of the automotive electric vacuum pump industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive electric vacuum pump market.
3 The current market is quantitatively analyzed from 2019 to 2027 to highlight the automotive electric vacuum pump market growth scenario.
4 We can also determine vacuum pump will remain a significant revenue shareholder in the automotive electric vacuum pump market through the predictable future.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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