adherence to stringent laws formulated by governments is driving the Automotive Active Purge Pump Market

Latest News:- Automotive Active Purge Pump Market: Passenger is expected to lead the Vehicle Type segment during 2024-2028

Technavio analyzes that the Automotive Active Purge Pump Market is expected to grow at a CAGR of 39.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2029 million.There are various factors that contribute to the growth of the market. In compliance with stringent regulations set forth by governments worldwide, the automotive active purge pump market is witnessing significant growth. These laws, aimed at reducing emissions and enhancing fuel efficiency, necessitate the use of advanced purge systems in vehicles. Active purge pumps play a crucial role in ensuring effective evaporative emission control, making them an essential component in modern automobiles. Consequently, the market for these pumps is poised for steady expansion in the coming years.

The global automotive industry is experiencing significant advancements, particularly in the passenger vehicle sector. These technological innovations are primarily driven by stringent emission regulations, fuel efficiency standards, and safety requirements, as well as the imperative to reduce manufacturing costs. The passenger vehicle segment dominates the global automotive market, with the OICA reporting a total production of 67.15 million units in 2019. In Europe, mid-sized crossovers saw a 8% increase in sales in 2019, amounting to 872,500 units, representing a 5% market share. Non-metal components, such as DC motors, sensors, actuators, valves, and cutting-edge technologies like vacuum forming and injection molding, are essential to meeting the evolving demands of this sector. 

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Automotive Active Purge Pump Market Segmentation

• Vehicle Type
  • Passenger
  • Commercial
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Agilent Technologies Inc.
• Continental AG
• DENSO Corp.
• Dial Manufacturing Inc.
• Eaton Corp plc
• Geotech Environmental Equipment Inc.
• HELLA GmbH and Co. KGaA
• Robert Bosch GmbH
• Sauermann Group
• Vitesco Technologies Group AG

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Research Analysis Overview

The Automotive Active Purge Pump market is driven by the increasing demand for emission control systems in Electric Vehicles (EVs) and traditional Passenger Vehicles (PVs) and Commercial Vehicles (CVs) due to stricter emission regulations. These systems help reduce Hydrocarbon emissions and improve Fuel efficiency, contributing to lower Carbon emissions and a smaller Carbon footprint. Components like DC Motors, Sensors, Actuators, Valves, and Metal or Non-Metal parts are used in manufacturing these pumps through processes such as Cutting, Vacuum Forming, and Injection Molding. OEMs and Aftermarket players are investing in Onboard technology, On-board diagnostics (OBD), and Low-emission vehicles like Hybrid and Battery-powered Electric Vehicles to meet emission awareness and reduce Air pollution from Hydrocarbon evaporation in Diesel and Gasoline vehicles.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Key growth drivers for the automotive components and equipment market include the rise of electronic components in automobiles, increasing sales of EVs, motorcycles, and PCs, and stringent emission regulations. These factors have significantly boosted the demand for emission control systems, such as automotive active purge pumps, aimed at reducing hydrocarbon emissions, improving fuel efficiency, and minimizing carbon footprint, contributing to the mitigation of air pollution.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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