Europe Automotive Electric Vacuum Pump Market Size Insights Forecasts to 2032 

• The Europe Automotive Electric Vacuum Pump Market Size was valued at USD XX Million in 2022.
• The Market Size is Growing at a CAGR of 4.2% from 2022 to 2032
• The Europe Automotive Electric Vacuum Pump Market Size is expected to reach USD XX Million by 2032

The Europe Automotive Electric Vacuum Pump Market size was valued at USD XX Million in 2022. The Europe Automotive Electric Vacuum Pump Market Size is projected to exceed USD XX Million by 2032, growing at a CAGR of 4.2% from 2022 to 2032. Europe's automotive electric vacuum pump market is at the forefront of the automotive industry's transition to electrification and improved performance, fueled by factors such as emission regulations, the shift to electric vehicles, and an emphasis on safety and fuel efficiency. This market is critical in shaping the region's automotive technology's future.   

Market Overview

An electromechanical device designed to create vacuum pressure within a vehicle's brake booster or other systems is known as an automotive electric vacuum pump. This vacuum aids in a variety of functions, including power brake assistance, emission control, and mechanical component control. Several factors are driving the growth of the European automotive electric vacuum pump market. For instance, the region's increasing adoption of electric and hybrid vehicles is increasing demand for electric vacuum pumps, as these vehicles frequently require such pumps for brake assistance, among other applications. Furthermore, strict emission regulations and the need for increased fuel efficiency are driving automakers to adopt advanced vacuum pump technologies to optimize engine performance. Furthermore, the growing consumer preference for safety features, including advanced braking systems, is propelling the market forward. Electric vacuum pumps are crucial in ensuring reliable and efficient brake operations in modern vehicles.

Report Coverage

This research report categorizes the market for Europe automotive electric vacuum pump market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe automotive electric vacuum pump market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe automotive electric vacuum pump market.

Driving Factors

One of the primary drivers of the automotive electric vacuum pump market is Europe's growing shift toward electric and hybrid vehicles. Because electric and hybrid vehicles lack the traditional vacuum source provided by internal combustion engines, electric vacuum pumps must be used for brake assistance and other functions. Electric vacuum pumps help improve the fuel efficiency of internal combustion engine vehicles by reducing engine load. This is particularly important in the European market, where fuel prices are relatively high, and consumers seek vehicles with better fuel economy. To meet emission targets and improve vehicle performance, leading automakers are incorporating electric vacuum pumps into their vehicle designs. OEMs are driving demand for these pumps across their product lines.

Restraining Factors

The installation of electric vacuum pumps in vehicles involves added costs, which can be a barrier to adoption, especially for budget-conscious consumers. Electric vacuum pump systems require additional components and integration, increasing the overall vehicle price.

Market Segment 

The Europe Automotive Electric Vacuum Pump Market share is segmented into vehicle and sales channel.

• The Passenger Cars segment accounted for a significant share of the Europe automotive electric vacuum pump market in 2022.           

The Europe automotive electric vacuum pump market is divided by vehicle into Passenger Cars, LCV, and HCV. Among these, the Passenger Cars segment accounted for a significant share of the Europe automotive electric vacuum pump market in 2022. This dominance is primarily due to the significant number of passenger cars on European roads and the increasing adoption of electric and hybrid passenger vehicles. As electric vehicles continue to gain popularity, the demand for electric vacuum pumps in passenger cars is expected to remain robust.             

• The OEM segment accounted for a significant share of the Europe automotive electric vacuum pump market in 2022.

Based on the sales channel, the Europe automotive electric vacuum pump market is classified into OEM, Aftermarket. Among these, the OEM segment accounted for a significant share of the Europe automotive electric vacuum pump market in 2022. The primary driver for the OEM segment is the increasing adoption of electric and hybrid vehicles in Europe. As automakers produce more electrified vehicles, the demand for electric vacuum pumps integrated into these vehicles also rises.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe automotive electric vacuum pump market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

List of Key Companies

• Hella KGaA Hueck & Co.
• Lvxiang Electric Vehicle Co., Ltd.
• Youngshin Precision, Co. Ltd
• mikuni corporation
• SDTec Co.,Ltd
• Johnson Electric.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the Europe Automotive Electric Vacuum Pump Market based on the below-mentioned segments:

Europe Automotive Electric Vacuum Pump Market, By Vehicle

• Passenger Cars
• LCV
• HCV

Europe Automotive Electric Vacuum Pump Market, By Application

• Brake
• Engine

Europe Automotive Electric Vacuum Pump Market, By Propulsion Type

• ICE
• EV

Europe Automotive Electric Vacuum Pump Market, By Sales Channel

• OEM
• Aftermarket

Europe Automotive Electric Vacuum Pump Market, By Country

• United Kingdom
• Germany
• Italy
• France
• Spain
• Netherlands
• Rest of Europe