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Allied Market Research

Aftermarket Electric Vacuum Pump Market by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles Ceramic), Type (Leaf Type, Swing Piston Type, and Diaphragm Type), Applications (Electric Vehicle and Internal Combustion Engines): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07967
Pages: NA
Jun 2021 | 527 Views
 
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Aftermarket Electric Vacuum Pump Market Outlook - 2027 

Aftermarket electric vacuum pump is a device which is installed in the vehicle from the aftermarket, to ensure the enhanced & consistent performance of the braking power of the vehicle.  The vacuum pump removes the gas particles from the sealed pump in order to reduce the pressure and make adequate space for vacuum. Furthermore, installing an electric vacuum pump in the vehicle preserves the operating liquids for a longer period of time, thereby, increases engine life, boosting the horsepower and improving the performance. Moreover, the main function of an electric vacuum pump is to exhaust out the air from brake booster chamber which providing vacuum assistance, and later can be used for applying brakes. Therefore, the demand for vacuum assistance & eliminating of air particles from the brake is expected to boost the market growth for the aftermarket electric vacuum pump in the near future.

Market scope and structure analysis:

                    Report Metric

                                                          Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered 

  Vehicle Type, Type, Applications and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, 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 and 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.


COVID-19 scenario Analysis: 

  • The aftermarket electric vacuum pump industry is an evolving sector due to which it has to struggle for the survival in the market during the coronavirus pandemic which in turn has disrupted all type of operations for the aftermarket electric vacuum pump manufacturers worldwide.
  • As the governments all over the world have declared lockdowns over the past few months due to covid-19, the requirement for rebalancing the risks and liquidating the assets is essential in order to optimize the flexibility of the producers for the aftermarket electric vacuum pump market. 
  • The pandemic has experienced a negative impact on the global aftermarket electric vacuum pump industry’s profitability and production costs for the year 2020, a major deviation is noticed in the growth of vacuum pump manufacturers due to coronavirus.
  • Majority of aftermarket electric vacuum pump manufacturers are facing issues such as security risks and workforce unavailability due to the government declared lockdowns owing to the pandemic.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Exponential growth in the adoption of aftermarket electric vacuum pumps, increase in demand for lightweight & fuel-efficient vehicles and increase in investments in research & development of vacuum pumps are driving the growth of the market. However, durability problems & malfunctioning of electric vacuum pump is 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 aftermarket electric vacuum pump market trends are as follows:

Durability problems and malfunctioning of electric vacuum pump 

A major restraint for automotive aftermarket electric vacuum pump is the challenge of generating insufficient vacuum during the application of brakes. The vacuum pump works without any complications for a short period of time, however, after a certain period, the vacuum pump has a tendency to turn out to be oily and unreliable as primarily electric pumps are designed for an oil-free environment. Furthermore, rapid development in technology of braking systems such as introduction of vacuum-free technology may restrain the growth of electric vacuum pumps in the market. For instance, General Motors is working towards the adoption of vacuum-free braking systems for their vehicle fleet which will lead to considerately durable braking system and further prevent the malfunctioning while generating the vacuum. Therefore, the durability problems & malfunctioning of electric vacuum pump, will hamper the growth for the aftermarket electric vacuum pump market during the forecast period.

Key segments covered:

          Segments

                             Sub-segments

  Vehicle Type

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles Ceramic

  Type

  • Leaf Type
  • Swing Piston Type
  • Diaphragm Type

  Applications

  • Electric Vehicle
  • Internal Combustion Engines

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the aftermarket electric vacuum pump industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the aftermarket electric vacuum pump market.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the aftermarket electric vacuum pump market growth scenario.
  • We can also determine vacuum pump will remain a significant revenue shareholder in the aftermarket electric vacuum pump market through the predictable future.

Questions answered in the aftermarket electric vacuum pump market research report:

  • Which are the leading market players active in the aftermarket electric vacuum pump market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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