Global Automotive Active Purge Pump Market

Automotive Active Purge Pump Market Size, Share, Growth Analysis, By Vehicle Type(Commercial Vehicle and Passenger Vehicle), By Component(Sensors, DC Motor, Valves, Actuators), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2067 | Region: Global | Published Date: February, 2024
Pages: 209 | Tables: 62 | Figures: 75

Automotive Active Purge Pump Market Regional Insights

On the basis of region, global automotive active purge pump market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Europe is the leading market for automotive active purge pump. The market in Europe is the most developed. Germany is a centre of automotive technology advancement, driving the market for automotive active purge pumps in Europe due to increased car sales in recent years. Due to the widespread use of automotive active purge pumps in automobiles, the United Kingdom is a major contributor to the Europe automotive active purge pumps market. During the forecast period, Germany is likely to be one of the most attractive markets for automotive active purge pump sales. According to research, Germany will account for more than 44% of Europe's automotive active purge pump industry during the forecast period. Emission-control regulations in Europe are very strict. Portable Emission Monitoring Systems (PEMS) are widely used in the United States because they provide a complete emissions profile for real-world engine use. As a result of the implementation of these tests, WLTP was adopted in 2017. These tests are used to determine control, gaseous and particulate emissions from road vehicles. The automotive active purge pump market is driven by an increasing focus on creating technology that will help automobiles perform better.

Asia Pacific automotive active purge pump is the fastest growing market region. China's ever-growing population has necessitated an increase in vehicle production, which has increased the demand for automotive active purge pumps in both the OEM and aftermarket segments. Also, the region's high production and high consumption characteristics have fuelled the expansion of the China automotive active purge pump market. Growing awareness of automotive active purge pumps and an increase in the frequency of accidents in this region have helped the market growth during the forecast period. China dominates the APAC automobile active purge pump market, accounting for nearly 52% of sales. China will be the largest market for automotive active purge pump during the forecast period. China is the world's largest passenger vehicle producer, accounting for more than 34% of total passenger vehicle production. This factor has a direct impact on the automotive active purge pump demand and sales in the region. The Chinese government announced a new pollution standard that requires cars to have particulate matter filtration systems and exhaust gas trapping systems, which will fuel the growth of the automotive active purge pump market during the forecast period.

North America is likely to account for a significant share of the global automotive active purge pump market due to the strong adoption of automotive vehicles in this region. Also, increased driving awareness and high disposable income are some of the major factors fuelling the expansion of the automotive active purge pump market. Growing demand for automotive cars in the region, along with rising environmental awareness, is expected to fuel the growth of the automotive active purge pump market during the forecast period. The United States accounted for about 85% of the North American automobile active purge pump industry. The United States is a mature automotive market with early access to high-technology and high-cost automotive components. A significant proportion of commercial vehicles in the country are used for freight and by fleet owners. The basic objective of these industries is to reduce fuel consumption. Also, the market in the United States will be pushed by the increase in demand for fuel-efficient vehicles as well as the implementation of strict emission standards. Government policies, availability of resources, high per capita income, strong financial grip on the global economy, and increasing purchasing power parity are some of the reasons that contribute to the huge share and maximum growth of the US.

Due to the presence of poor economies, especially in Africa, LAMEA has the smallest share of the worldwide automotive active purge pump market. Due to the lack of awareness about automobile active purge pumps, Brazil is expected to have a low to moderate market share. Also, lack of major competitors in the region and the lack of government support are some of the factors contributing to the slow growth of the automotive active purge pump market. However, this situation is expected to change during the forecast period due to the growing industrialization and developing automotive sector, as well as unrealized potential opportunities in this region.

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Automotive Active Purge Pump Market size was valued at USD 3144.71 million in 2021 and is poised to grow from USD 3370.81 million in 2022 to USD 5874.47 million by 2030, growing at a CAGR of 7.19% in the forecast period (2023-2030).

automotive active purge pump market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of automotive active purge pump market. 'Robert Bosch GmbH', 'Continental AG', 'Denso Corporation', 'Delphi Technologies', 'Johnson Matthey', 'Cummins Inc.', 'BorgWarner Inc.', 'Aisan Industry Co. Ltd.', 'Rheinmetall Automotive AG', 'Marelli Corporation', 'Hitachi Automotive Systems Ltd.', 'Sogefi S.p.A.', 'Mahle GmbH', 'Stackpole International', 'Eberspaecher Group', 'Toyoda Gosei Co. Ltd.', 'Trelleborg AB', 'Haldex AB', 'Ningbo Tuopu Group Co. Ltd.', 'DiSanzo Technologies, Inc.'

Increasing sales of passenger vehicle

Weight and cost reduction are the two major factors driving the automotive active purge pump market. Due to strict environmental regulations and increasing demand for fuel-efficient vehicles, automotive manufacturers are looking for lightweight components to reduce weight, which can help meet the demand for lower emissions and improved mileage. Tier-II suppliers are now focusing on manufacturing lighter weight raw materials through technological advancements while maintaining component structural strength, which is likely to positively impact the growth of automotive active purge pump market during the forecast period.

On the basis of region, automotive active purge pump market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Europe is the leading market for automotive active purge pump. The market in Europe is the most developed. Germany is a centre of automotive technology advancement, driving the market for automotive active purge pumps in Europe due to increased car sales in recent years. Due to the widespread use of automotive active purge pumps in automobiles, the United Kingdom is a major contributor to the Europe automotive active purge pumps market. During the forecast period, Germany is likely to be one of the most attractive markets for automotive active purge pump sales. According to research, Germany will account for more than 44% of Europe's automotive active purge pump industry during the forecast period. Emission-control regulations in Europe are very strict. Portable Emission Monitoring Systems (PEMS) are widely used in the United States because they provide a complete emissions profile for real-world engine use. As a result of the implementation of these tests, WLTP was adopted in 2017. These tests are used to determine control, gaseous and particulate emissions from road vehicles. The automotive active purge pump market is driven by an increasing focus on creating technology that will help automobiles perform better.

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Global Automotive Active Purge Pump Market

Report ID: SQMIG25A2067

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