Summary
Global Automotive Active Purge Pump Market Report: Information by Material (Metal, Non-Metal), Components (DC Motor, Sensors, Actuator), Manufacturing Process (Cutting, Vacuum Forming, Injection Molding), Sales Channel, Vehicle Type - Forecast till 2023
Automotive Active Purge Pump Market Overview
As per a detailed analysis by Market Research Future (MRFR), the global automotive active purge pump market is anticipated to register a CAGR of 11% during the forecast period (2018-2023). The surging demand for fuel-efficient vehicles is anticipated to favor the market growth across the globe. An active purge pump can be defined as an electromechanical device which is extensively used to reduce the hydrocarbon evaporative emissions from the vehicle.
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Competitive Dashboard
The key players operating in the global automotive active purge pump market comprises Agilent Technologies (U.S.), Continental AG (Germany), Denso Corporation (Japan), and Robert Bosch GmbH (Germany).
Potential and Pitfalls
The automotive active purge pump market is expanding at breakneck speed due to the surging demand for fuel-efficient vehicles. The swelling demand for passenger car sales across the globe and plummeting demand to minimize the carbon emissions are some of the top factors likely to dictate the growth trajectory of the automotive active purge pump market. Strict regulations imposed by the government regarding the environment is further estimated to trigger the demand for automotive active purge pump during the review period.
Segmental Analysis
The automotive active purge pump market has been segmented on the basis of components, material, sales channel, manufacturing process, and vehicle type.
Based on the manufacturing process, the market comprises vacuum forming, cutting, and injection molding.
Regional Frontiers
Globally, the automotive active purge pump market comprises Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Considering the global scenario, the European region is considered to dominate the global market owing to the deployment of innovative technologies in order to control emissions. Also, the high availability of automotive parts is likely to drive the market growth in this region. The regional market is also predicted to experience high growth due to the presence of strict European emission norms. Moreover, the surging sales of vehicles in this region, coupled with the rising awareness regarding the safety of the environment, will elevate the scope of the regional market.
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