European Automotive EVP (Electric Vacuum Pump) Market size is predicted to cross USD 260 million by 2027, according to a latest forecast report by Graphical Research. The main function of the electric vacuum pump is to remove air in the brake booster chamber and generate a vacuum that can be used for braking.
In 2020, Europe accounted for over 20% volume share in overall market owing to strong automotive industry. OEMs continue to introduce various advanced internal combustion engine technologies to reduce carbon footprint and noise emissions. The average noise level of electric vacuum pumps is about 70-73 dB, which improves product utilization and provides profitable market opportunities.
Compared with mechanically driven pumps, electric vacuum pumps have many technical advantages. These are very efficient in terms of emissions, which escalates its adopting in ICE, electric and hybrid models thereby driving the industry growth. In addition, electric vacuum pumps are relatively inexpensive, making them a popular choice among automakers.
Browse detailed statistical insights from the report, “Europe Automotive Electric Vacuum Pump Market Forecast 2027 By Vehicle (Passenger Cars, LCV, HCV), By Application (Brake, Engine), By Propulsion Type (ICE, EV), By Sales Channel (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Based on propulsion type, the ICE segment is estimated to observe around 4% CAGR from 2021 to 2027. These does not require any engine power, which reduces the additional engine load, thus reducing energy consumption and carbon dioxide emissions. The product does not require oil lubrication, so it is maintenance-free, as compared to mechanical vacuum pumps which must be maintained every 1,200 hours of operation. These trends will support the segment.
In terms of vehicles, LCV segment will witness around 4.5% CAGR during the forecast timeline. The proliferating logistics industry is escalating the light commercial vehicle demand. Further, adoption of these vehicles in ride sharing to transport larger number of passengers will drive the product demand. For instance, in 2017, Daimler has formed a joint venture with Via to develop scalable on-demand travel sharing solution. The two companies intend to implement an on-demand passenger sharing rides in Europe.
The aftermarket segment will generate over USD 10 million during the forecasted timeframe. Increasing vehicle sales and aging fleet in the region are driving demand for aftermarket and maintenance services. Further, in response to the demand for environmentally friendly cars, the demand for replacement parts such as catalytic converters and electronic chips has increased to improve the fuel economy of old cars which is going to support the automotive aftermarket growth. These factors will support the industry growth.
The Europe automotive EVP (Electric Vacuum Pump) market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Propulsion Type
Europe Market, By Vehicle
- Passenger vehicles
Europe Market, By Application
Europe Market, By Sales Channel
The above information has been provided for the following countries:
- Rest of Europe