Automotive Electric Vacuum Pump Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to automotive electric vacuum pump market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Automotive Electric Vacuum Pump Market News

  • In April 2023, ZF Friedrichshafen, a leading Germany company known for its automotive technology expertise announced the launch of a new electronic brake booster for electric vehicles. The launch of TRW Electronic Brake Booster is part of ZF’s efforts to maximize its aftermarket portfolio for electric vehicle spare parts.
  • In May 2022, Advik Hi-Tech, a renowned automotive component manufacturer and supplier announced that it had entered into an exclusive technology licensing agreement with Entecnia. The collaboration is expected to leverage both companies' expertise to develop and supply electric vacuum pumps for passenger car braking systems.

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Automotive Electric Vacuum Pump Market size was valued at USD 1.3 Billion in 2023 and is poised to grow from USD 3.35 Billion in 2024 to USD 1.8 Billion by 2032, growing at a CAGR of 3.7% during the forecast period (2025-2032).

Automotive electric vacuum pump companies should focus on making their offerings more affordable to boost revenue generation. Targeting countries such as China, India, Germany, the United States, and the United Kingdom can help companies maximize their sales potential in the future. Developing compact design automotive electric vacuum pumps can also help market players stand out from the competition going forward. 'Hella GmbH & Co. KGaA', 'Rheinmetall Automotive AG', 'Continental AG', 'Dalian Haina New Energy Auto Parts Manufacturing Co., Ltd.', 'Youngshin Precision Co., Ltd.', 'Mikuni Corp.', 'YT STABLE TECH. CORP.', 'Robert Bosch GmbH', 'Lvxiang Electric Vehicle Co. Ltd.', 'GZ Motorsports', ' LPR Global', 'ZF Friedrichshafen', 'Ningbo Tuopu Group Co. Ltd.', 'Johnson Electric'

Increasing electrification of the automotive industry is driving up the sales of electric and hybrid vehicles around the world. Electric vacuum pumps are critical for providing consistent vacuum levels in electric and hybrid vehicles that lack traditional internal combustion engines, which is slated to benefit the global automotive electric vacuum pump market outlook.

Lightweight and Compact Design: Automotive electric vacuum pump manufacturers should invest in the R&D of lightweight and compact designs for their offerings. This can help vehicle manufacturers increase the efficiency of their vehicles as well as make more space for other essential components as well. Focusing on this automotive electric vacuum pump market trend also helps automotive manufacturers achieve their weight reduction goals.

Robust automotive manufacturing activity and high sales of electric vehicles allow the Asia Pacific region to emerge as the top revenue generator in the global automotive electric vacuum pump industry through 2032. The presence of leading automotive manufacturers, supportive government initiatives for EV component manufacturing, and advancements in electric vacuum pump technologies are cementing the dominance of this region. China, South Korea, Japan, and India are estimated to be the most opportune markets for automotive electric vacuum pump vendors in this region. Rapid surge in sales of EVs in China makes it the most rewarding market for automotive electric vacuum pump vendors in the Asia Pacific.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Automotive Electric Vacuum Pump Market
Automotive Electric Vacuum Pump Market

Report ID: SQMIG25A2384

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE