According to the 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 is expected to accumulate USD 620 million by the year 2027.
 

Preference for clean & sustainable mobility solutions supported by stringent emissions standards, presence numerous actuators in sunroofs, electric doors, and driver-assisted systems in vehicles, and significant investments in the R&D of electric vacuum pumps are driving the growth of Asia Pacific automotive electric vacuum pump market.
 

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Moreover, growing e-commerce sales of components, combined with upcoming business models & new partnerships among prominent players are bolstering the automotive sector, creating lucrative opportunities for businesses in this domain.
 

Speaking of the Covid-19 impact, the demand for electric vacuum pumps was severely undermined because of the lockdown, which had a direct impact on the automotive sector. To that end, reliable sources show that the sales of heavy truck significantly declined in China in June 2021. However, it is speculated that government incentives and support will enable the market to revive in the coming years.
 

Based on vehicle outlook, the HCV segment of Asia Pacific automotive electric vacuum pump industry is projected to grow at 6.5% CAGR during 2021-2027, due to expansion in tourism sector, and elevated sales of heavy-duty trucks in emerging nations.
 

Concerning propulsion type, the EV propulsion segment is predicted to reach 2.5 million units by the end of 2027, attributed to huge investments by leading automakers to establish footprints in nations like Malaysia and china, in consort with effective government regulations.
 

In terms of application spectrum, the braking segment is poised to expand at 4.5% CAGR during the projected timeframe, owing to surging demand for brake boosters, and emphasis on effective braking systems such as 5 cc vacuum pumps with lowered noises and negative pressure.
 

Moving on sales channel, the OEM segment is estimated to generate USD 595 million by the year 2027, on account of the top participants rolling out advanced technologies to improve fuel effectiveness. 
 

The competitive landscape of Asia Pacific automotive electric vacuum pump market is defined by companies such as G/Z Motorsports, WABCO, ixetic GmbH, Continental AG, YT Stable Tech. Corp., Robert Bosch GmbH, LPR Global, and BASF SE among others.