NEW YORK, Feb. 18, 2022 /PRNewswire/ -- The automotive active purge pump market report by Technavio infers that the adherence to stringent laws formulated by governments is driving this market's growth, resulting in the market growth of USD 1.06 billion from 2021 to 2026.
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Market Scope
The automotive active purge pump market report covers the following areas:
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market. Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG.
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Key Market Segmentation
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Regional Market Outlook
Europe will contribute to 43% of the market growth during the forecast period. The growth of this region can be attributed to the high production and sales volumes of passenger cars and the presence of several high-end passenger car brands, including Mercedes-Benz, BMW AG, and Audi AG. If we look at the country-wise market growth, Germany, France, and the UK will contribute the highest market growth.
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Latest Trends and Drivers in the Automotive Active Purge Pump Market
Fumes from gasoline fuel are composed of benzene, which can lead to health hazards when inhaled. Photochemical smog is another major concern and is caused by a combination of sunlight and exhaust fumes. Thus, modern petrol-based vehicles are integrated with onboard systems that reduce hydrocarbon emissions. Such factors are anticipated to boost the demand for active purge pumps during the forecast period.
Automotive suppliers are using lighter components for weight reduction to meet the demand for low emissions and improved mileage. Tier-II suppliers are focusing on developing light raw materials through technological advances without compromising on structural strength. These factors are expected to positively impact the growth of the global automotive active purge pump market during the forecast period.
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Value Chain Analysis
The value chain of the global automotive components and accessories market, which is the parent market of the global automotive active purge pump market, includes the following core components:
Key Highlights
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Automotive Active Purge Pump Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 27.49% |
Market growth 2022-2026 |
USD 1.06 billion |
Market structure |
Concentrated |
YoY growth (%) |
29.97 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 43% |
Key consumer countries |
Germany, US, Japan, France, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Vehicle type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio
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