According to the research report titled ‘Asia Pacific Automotive Electric Vacuum Pump Market Forecast 2027 By Propulsion Type, By Application, By Vehicle, By Sales Channel, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific automotive electric vacuum pump market to surpass a valuation of USD 620 million by 2027.

Rising prevalence of actuators in automotive with advanced driving assistance system (ADAS), sunroofs, and electric rear doors is propelling Asia Pacific automotive electric vacuum pump market growth.

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Furthermore, rigorous research & development activities by major industry players for electric vacuum pumps, focusing on expanding their presence in untapped areas is likely to contribute significantly to market remuneration during the forecast timeline.

Emergence and subsequent adoption of electric vehicles, in consort with focused efforts for producing fuel-efficient & compact automobiles with lessened emissions will augment the industry outlook.

Since the onset of the Covid-19 pandemic, Asia Pacific automotive electric vacuum pump industry has experienced a major blow with regards to revenue generation due to major disruptions in supply chain operations.

Based on propulsion type, the electric vehicle (EV) segment is expected to reach 2.7 million units of electric vacuum pumps by the end of 2027, owing to robust government policies and the indispensable role of these vehicles in reducing carbon footprint. Electric vehicles require charge point operators, which consequently impacts the demand for automotive electric vacuum pumps, contributing to market value.

Considering vehicle type, industry share from HCV (heavy commercial vehicle) segment is slated to record a healthy CAGR of 6.5% through 2027, creditable to burgeoning sales of heavy-duty trucks in emerging economies, alongside flourishing tourism sector.

From the application perspective, the brake segment is expected to register a CAGR of 4.5% through 2027, as electric vacuum pumps, preferably 5cc vacuum pumps, are being utilized in hydraulic and pneumatic brakes to mitigate noise and negative pressure.

Moving on to sales channel, the OEM segment is anticipated to exceed a valuation of USD 595 million by the end of the assessment timeline, as OEMs are the preferred mode of deployment for major companies that are aiming to introduce advanced fuel-efficient technologies into the industry space.  

Lastly, the competitive framework of Asia Pacific automotive electric vacuum pump market sphere is defined by established companies such as BASF SE, GZ Motorsports, Continental AG, Ixetic Bad Homburg GmbH, LPR Global Inc., WABCO Vehicle Control Systems, and Robert Bosch GmbH.