Automotive Active Purge Pump Market to Grow by USD 1.06 bn | Technavio

NEW YORK, Feb. 18, 2022 /PRNewswire/ — The automotive active purge pump market report by Technavio infers that the adherence to stringent laws formulated by governments is driving this market’s growth, resulting in the market growth of USD 1.06 billion from 2021 to 2026.

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Market Scope

The automotive active purge pump market report covers the following areas:

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market. Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG.

View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

Segmentation by vehicle type:

Passenger:

The passenger segment will contribute largely to the overall market growth during the forecast period.
The growth is attributed to the significant increase in the demand for passenger vehicles owing to the rise in disposable income of individuals, especially those belonging to the middle-class population.

Commercial

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Regional Market Outlook

Europe will contribute to 43% of the market growth during the forecast period. The growth of this region can be attributed to the high production and sales volumes of passenger cars and the presence of several high-end passenger car brands, including Mercedes-Benz, BMW AG, and Audi AG. If we look at the country-wise market growth, Germany, France, and the UK will contribute the highest market growth.

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Latest Trends and Drivers in the Automotive Active Purge Pump Market

Market Driver:

Adherence to stringent laws formulated by governments:

Fumes from gasoline fuel are composed of benzene, which can lead to health hazards when inhaled. Photochemical smog is another major concern and is caused by a combination of sunlight and exhaust fumes. Thus, modern petrol-based vehicles are integrated with onboard systems that reduce hydrocarbon emissions. Such factors are anticipated to boost the demand for active purge pumps during the forecast period.

Market Trend:

Weight and cost reduction:

Automotive suppliers are using lighter components for weight reduction to meet the demand for low emissions and improved mileage. Tier-II suppliers are focusing on developing light raw materials through technological advances without compromising on structural strength. These factors are expected to positively impact the growth of the global automotive active purge pump market during the forecast period.

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Value Chain Analysis

The value chain of the global automotive components and accessories market, which is the parent market of the global automotive active purge pump market, includes the following core components:

Inputs
Inbound logistics
Operations
Distribution and logistics
Marketing and sales
Service
Innovation

Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist automotive active purge pump market growth during the next five years
Estimation of the automotive active purge pump market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive active purge pump market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive active purge pump market vendors

Automotive Brake-by-wire Systems Market by Vehicle Type and Geography – Forecast and Analysis 2022-2025

Automotive Active Purge Pump Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 27.49%
Market growth 2022-2026	USD 1.06 billion
Market structure	Concentrated
YoY growth (%)	29.97
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	Europe at 43%
Key consumer countries	Germany, US, Japan, France, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021 – 2026

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Vehicle type

Market segments
Comparison by Vehicle type
Passenger – Market size and forecast 2021-2026
Commercial – Market size and forecast 2021-2026
Market opportunity by Vehicle type

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
Europe – Market size and forecast 2021-2026
North America – Market size and forecast 2021-2026
APAC – Market size and forecast 2021-2026
South America – Market size and forecast 2021-2026
MEA – Market size and forecast 2021-2026
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Agilent Technologies Inc.
Continental AG
DENSO Corp.
Dial Manufacturing Inc.
Eaton Corp. Plc
Geotech Environmental Equipment Inc.
HELLA GmbH and Co. KG
Robert Bosch GmbH
Sauermann Group
Vitesco Technologies Group AG

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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