Automotive Purge Pump Market: Global Industry Analysis and Forecast (2024-2030)

The Automotive Purge Pump Market size was valued at USD 97.15 Million in 2023 and the total Automotive Purge Pump revenue is expected to grow at a CAGR of 52.3% from 2024 to 2030, reaching nearly USD 1846.50 Million. 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.Automotive Purge Pump MarketTo know about the Research Methodology :- Request Free Sample Report

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 2023. China, the world's second-biggest economy, is expected to reach a market size of US$124.5 million by 2030, with a CAGR of 62.2 percent from 2024 to 2030. Other notable geographic markets include Japan and Canada, which are expected to increase at 42.9 percent and 48.4 percent, respectively, between 2024 and 2030. 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.

Automotive Purge Pump Market Scope: Inquiry Before Buying

Automotive Purge Pump Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 97.15 Mn.
Forecast Period 2024 to 2030 CAGR: 52.3% Market Size in 2030: USD 1846.50 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 was the Global Automotive Purge Pump Market size in 2023? Ans: The Global Automotive Purge Pump Market size was USD 97.15 Million in 2023. 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.
1. Global Automotive Purge Pump Market: Research Methodology 2. Global Automotive Purge Pump Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Purge Pump Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Automotive Purge Pump Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Automotive Purge Pump Market Segmentation 4.1 Global Automotive Purge Pump Market, by Material Type (2023-2030) • Metal • Non Metal 4.2 Global Automotive Purge Pump Market, by Component (2023-2030) • Dc Motor • Sensors • Actuator • Valves 4.3 Global Automotive Purge Pump Market, by Manufacturing Process (2023-2030) • Cutting • Vacuum Forming • Injection Molding 4.4 Global Automotive Purge Pump Market, by Sale Channel (2023-2030) • OEM • Aftermarket 4.5 Global Automotive Purge Pump Market, by Vehicle Type (2023-2030) • Passenger Vehicle • Commercial Vehicle 5. North America Automotive Purge Pump Market (2023-2030) 5.1 North American Automotive Purge Pump Market, by Material Type (2023-2030) • Metal • Non Metal 5.2 North America Automotive Purge Pump Market, by Component (2023-2030) • Dc Motor • Sensors • Actuator • Valves 5.3 North America Automotive Purge Pump Market, by Manufacturing Process (2023-2030) • Cutting • Vacuum Forming • Injection Molding 5.4 North America Automotive Purge Pump Market, by Sale Channel (2023-2030) • OEM • Aftermarket 5.5 North America Automotive Purge Pump Market, by Vehicle Type (2023-2030) • Passenger Vehicle • Commercial Vehicle 5.6. North America Automotive Purge Pump Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Automotive Purge Pump Market (2023-2030) 6.1. European Automotive Purge Pump Market, by Material Type (2023-2030) 6.2. European Automotive Purge Pump Market, by Component (2023-2030) 6.3 European Automotive Purge Pump Market, by Manufacturing Process (2023-2030) 6.4 European Automotive Purge Pump Market, by Sale Channel (2023-2030) 6.5 European Automotive Purge Pump Market, by Vehicle Type (2023-2030) 6.6. European Automotive Purge Pump Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Purge Pump Market (2023-2030) 7.1. Asia Pacific Automotive Purge Pump Market, by Material Type (2023-2030) 7.2. Asia Pacific Automotive Purge Pump Market, by Component (2023-2030) 7.3 Asia Pacific Automotive Purge Pump Market, by Manufacturing Process (2023-2030) 7.4 Asia Pacific Automotive Purge Pump Market, by Sale Channel (2023-2030) 7.5 Asia Pacific Automotive Purge Pump Market, by Vehicle Type (2023-2030) 7.6. Asia Pacific Automotive Purge Pump Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Automotive Purge Pump Market (2023-2030) 8.1. Middle East and Africa Automotive Purge Pump Market, by Material Type (2023-2030) 8.2. Middle East and Africa Automotive Purge Pump Market, by Component (2023-2030) 8.3 Middle East and Africa Automotive Purge Pump Market, by Manufacturing Process (2023-2030) 8.4 Middle East and Africa Automotive Purge Pump Market, by Sale Channel (2023-2030) 8.5 Middle East and Africa Automotive Purge Pump Market, by Vehicle Type (2023-2030) 8.6. Middle East and Africa Automotive Purge Pump Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Automotive Purge Pump Market (2023-2030) 9.1. Latin America Automotive Purge Pump Market, by Material Type (2023-2030) 9.2. Latin America Automotive Purge Pump Market, by Component (2023-2030) 9.3 Latin America Automotive Purge Pump Market, by Manufacturing Process (2023-2030) 9.4 Latin America Automotive Purge Pump Market, by Sale Channel (2023-2030) 9.5 Latin America Automotive Purge Pump Market, by Vehicle Type (2023-2030) 9.6. Latin America Automotive Purge Pump Market, by Country (2023-2030) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Agilent Technologies 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Continental AG 10.3. Agilent Technologies 10.4. Robert Bosch GmbH 10.5. Denso Corporation 10.6. Allied-Nippon Limited 10.7. Akebono Brake Company 10.8. Hitachi Chemical Co. Ltd. 10.9. Nisshinbo Holdings Inc. 10.10. HELLA GmbH & Co. KGaA 10.11. Potential Active Purge Pump Manufacturers 10.12. Vitesco Technologies
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