In a recent research report by Maximize Market Research, the Automotive Active Purge Pump Market is expected to surpass US $ 2.80 billion by the year 2027, from US $ 0.14 billion in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 64.8 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Active Purge Pump in the region, the Value – Chain analysis, and the PORTER’s analysis for the Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Material (Metal, Non-Metal), By Components (DC Motor, Sensors, Valves, Actuator), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Sales Channel (OEM, Aftermarket) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Sales Channel, the aftermarket sales channel segment is expected to grow at xx% during the forecast period. This is due to growing public awareness of emissions and the need to repair electronic components like sensors and ECUs regularly due to malfunction and reduced lifespan. In addition, current cars are to be equipped with automotive active purge pumps due to the emission legislation, which is expected to drive the segment’s growth during the forecast period.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Continental AG, Agilent Technologies, Robert Bosch GmbH, Denso Corporation, Dial Manufacturing Inc., TSURUMI PUMP, Sauermann, Geotech Environmental Equipment, Inc., HELLA GmbH & Co. KGaA, Robert Bosch GmbH, Sauermann Group, TSURUMI PUMP, Allied-Nippon Limited, Nisshinbo Holdings Inc., Akebono Brake Company) in the Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Automotive Active Purge Pump Market.”
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