Automotive Purge Pump Market: Global Industry Analysis and Forecast (2023-2029)

Automotive Purge Pumps Market is expected to reach USD 1212.41 million by 2029, with a CAGR of 52.3% between 2023 and 2029.

An automobile active purge pump is an electric option for lowering the vehicle's hydrocarbon evaporative emissions. The automobile active purge pump actively removes hydrocarbon-laden air from the exhaust canister, which is used to manage the vehicle's evaporative hydrocarbon emissions. It is a component of Continental AG's evaporative fuel processing system, which was presented as a new advanced solution to fulfill strict hydrocarbon evaporation requirements and legislation across the world. The need to reduce emissions as a result of increased pollution generated by vehicles across the world. This increased worry about emissions may be addressed by incorporating an automotive active purge pump into automobiles.

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Dynamics
The automotive active purge pump is used to aggressively purge the hydrocarbon (HC) emissions from the charcoal canister, as well as to store the fuel vapors. The increase in vehicle owner awareness about emissions and fuel economy is expected to drive the automotive purge pump market over the forecast period.

Governments all over the globe are continually putting rigorous standards and regulations on the automobile sector in order to reduce carbon emissions, which are mostly generated by gasoline or diesel cars. This is a significant aspect that would most likely drive the automotive active purge pump market over the forecast period. Gasoline fuel (petrol) is highly flammable and readily evaporates. The exhaust gases include benzene, which is hazardous to one's health if breathed. Additionally, there is a growing concern in megacities regarding photochemical haze, which is created by a mix of exhaust fumes and sunshine. As a result, contemporary gasoline automobiles feature an on-board mechanism to reduce hydrocarbon (HC) emissions. Because of environmental concerns, there has been an increase in popular demand for electric cars, as well as government attention and subsidies in recent years, which is driving the growth of the market during the forecast period.

Despite its various benefits, the automobile active purge pump has a few downsides. Battery-powered electric vehicles emit no emissions and do not require an operating purge pump. This is anticipated to have an impact on the automotive active purge pump market throughout the forecast period.
Segment Analysis
Passenger vehicles accounted for the highest market share in the global automotive active purge pump market because to their higher sales share compared to commercial vehicles, accounting for over 75% of total vehicle sales. Additionally, the segment investigated is expected to maintain its dominance during the forecast period. Rising demand for personal mobility, along with a growing global population, are the primary causes ascribed to the segment's strong rise.
Market Regional Insight
Europe dominated the global market and is expected to maintain its position during the forecast period. This is mostly due to increased awareness of rigorous pollution requirements, which has prompted the region's adoption of automobile active purge pumps. Additionally, the region is home to significant automobile manufacturers, which are expected to be a vital contributor to the region's market growth for automotive active purge pumps. Aside from that, the Asia Pacific region appears to be the most opportune area in the global market due to the increased adoption of pollution control features in vehicles in order to reduce CO2 emissions from the transportation industry.

The market in the United States is estimated to be $7.8 million, while China is expected to grow at a CAGR of 62.2 percent. The market in the United States is expected to be worth $7.8 million by 2022. China, the world's second-biggest economy, is expected to reach a market size of US$124.5 million by 2029, with a CAGR of 62.2 percent from 2023 to 2029. Other notable geographic markets include Japan and Canada, which are expected to increase at 42.9 percent and 48.4 percent, respectively, between 2023 and 2029. Germany is expected to expand at a CAGR of 45.4 percent in Europe.

Report Objectives:

Landscape analysis of the Automotive Purge Pump Market
Competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
The potential impact of micro-economic factors on the market
External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Automotive Purge Pump Market dynamics, structure by analyzing the segments project the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Automotive Purge Pump Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 63.78Mn.


Forecast Period 2023 to 2029 CAGR:
52.3%
Market Size in 2029:
US $ 1212.41 Mn.


 Segments Covered:
by Material Type
Metal
Non Metal


by Component
Dc Motor
Sensors
Actuator
Valves


by Manufacturing Process
Cutting
Vacuum Forming
Injection Molding


by Sale Channel
OEM
Aftermarket


by Vehicle Type
Passenger Vehicle
Commercial Vehicle



Automotive Purge Pump Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive Purge Pump Market: Key Players
1. Continental AG
2. Agilent Technologies
3. Robert Bosch GmbH
4. Denso Corporation
5. Allied-Nippon Limited
6. Akebono Brake Company
7. Hitachi Chemical Co. Ltd.
8. Nisshinbo Holdings Inc.
9. HELLA GmbH & Co. KGaA
10.Potential Active Purge Pump Manufacturers
11.Vitesco Technologies

Frequently Asked Questions

1. What is the projected market size & growth rate of the Automotive Purge Pump Market?
Ans- Automotive Purge Pump Market was valued at USD 63.78 million in 2022 and is projected to reach USD 1212.41 million by 2029, growing at a CAGR of 52.3 % during the forecast period.

2. What are the key driving factors for the growth of the Automotive Purge Pump Market?
Ans- The increase in vehicle owner awareness about emissions and fuel economy is expected to drive the market over the forecast period.

3. Which Region accounted for the largest Automotive Purge Pump Market share?
Ans- Europe dominated the global market and is expected to maintain its position during the forecast period.

4. What makes Europe a Lucrative Market for Automotive Purge Pump Market?
Ans- the region is home to significant automobile manufacturers, which are expected to be a vital contributor to the region's market growth for automotive active purge pumps.

5. What are the top players operating in Automotive Purge Pump Market?
Ans- Continental AG, Agilent Technologies, Robert Bosch GmbH, Denso Corporation, Allied-Nippon Limited, and Akebono Brake Company.