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).
Market Potential and Pitfalls
The global 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. These pumps have several functions like air pressure detection, hydrocarbon evaporative leak detection, and hose off emission detection, which is likely to favor the market growth in the coming years. The low investment for active purge manufacturing unit will further create growth opportunities for the new entrants. Moreover, the increased awareness regarding fuel efficiency and emission among the vehicle owners is considered to boost the market growth.
On the contrary, the development and innovation regarding hydrocarbon emission products are considered to be one of the major concerns restricting the growth of the market across the globe. Also, the surging demand for battery-operated electric vehicles coupled with the high prices of active purge pumps is predicted to curb the growth of the market in the foreseeable future.
Automotive Active Purge Pump Market: 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.