Press release
Automotive Electric Vacuum Pump Market 2023-2032, Key Players, Detailed Analysis And Growth Strategies
Automotive Electric Vacuum Pump Global Market
The Business Research Company's Automotive Electric Vacuum Pump Global Market Report 2023 identifies increasing adoption of electric vehicles as the major driver for the Automotive Electric Vacuum Pump market's growth in the forecast period. The electric vehicle is automotive that can be powered by an electric motor that takes electricity from a battery and can be charged from an external source. An automotive electric vacuum pump reduces the load on the engine lubrication system without a mechanical pump by lubricating the vacuum pump. It allows a more compact pump design, boosting engine efficiency.
The global automotive electric vacuum pump market is expected to grow from $16.26 billion in 2022 to $18.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive electric vacuum pump market is expected to reach $28.03 billion in 2027 at a CAGR of `11.3%.
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Major competitors in the Automotive Electric Vacuum Pump market are Robert Bosch GmbH, Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Valeo SA, TRW Automotive Holdings Corp.,MAHLE GmbH, Atlas Copco, Hella GmbH & Co. KGaA, Rheinmetall Automotive AG, Ingersoll Rand, MANN+HUMMEL Group, Delphi Technologies, The Johnson Electric Group.
A key trend in the Automotive Electric Vacuum Pump market includes Technological advancement. Major companies operating in the automotive electric vacuum pump market are focused on developing innovative technologies to meet specific demands and sustain their position in the market.
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The Automotive Electric Vacuum Pump market is segmented -
1) By Product Type: Diaphragm Type, Leaf Type, Swing Piston Type
2) By Propulsion Type: Electric Vehicle (EV), Internal Combustion Engine (ICE)
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Electric Vacuum Pump market.
The Business Research Company's "Global Automotive Electric Vacuum Pump Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Electric Vacuum Pump Market Include:
1. Executive Summary
2. Automotive Electric Vacuum Pump Market Characteristics
3. Automotive Electric Vacuum Pump Market Trends And Strategies
4. Automotive Electric Vacuum Pump Market - Macro Economic Scenario
5. Automotive Electric Vacuum Pump Market Size And Growth
……
27. Automotive Electric Vacuum Pump Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Electric Vacuum Pump Market
29. Automotive Electric Vacuum Pump Market Future Outlook And Potential Analysis
30. Appendix
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