AUTOMOTIVE ACTIVE PURGE PUMP MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Global automotive active purge pump market is estimated to be valued at US$ 199.96 Mn in 2024 and is expected to reach US$ 283.94 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

Report Description:

Global automotive active purge pump market has been witnessing growth over the last few years due to stringent emission norms. An active purge pump is used in gasoline direct injection vehicles to remove residual fuel vapors from the canister and pump it into the intake manifold to be burnt. With countries across the world tightening emission standards year on year to reduce air pollution, demand for active purge pumps from automakers increases significantly. These pumps minimize evaporative emissions from vehicles by actively purging fuel vapors from the charcoal canister and pumping it into the engine to be burnt along with fresh air and fuel. Original equipment manufacturers are focused on developing innovative purge pump technologies that can meet evolving emission standards in a cost-effective manner that support advancements in active purge pump designs.

Market Dynamics:

Global automotive active purge pump market growth is driven by stringent emission norms pushing automakers to adopt technologies like active purge pumps that reduce emissions. However, higher part and installation costs associated with active purge pumps pose a challenge for its widespread adoption. Original equipment manufacturers are focused on lowering active purge pump costs through value engineering and economies of scale which can boost their adoption rates. The development of miniature and highly efficient active purge pump technologies presents an opportunity for component suppliers to expand into new vehicle categories and markets. Advancements in vehicle propulsion technologies like hybrids and electric vehicles also provide opportunities for active purge pump suppliers to develop customized solutions catering to such emerging platforms.

Key features of the study:

- This report provides in-depth analysis of the global automotive active purge pump market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global automotive active purge pump market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Continental AG, Denso Corporation, Vitesco Technologies, Hyundai Kefico, Agilent Technologies, Robert Bosch GmbH, Rheinmetall Automotive, Sauermann, TSURUMI AMERICA INC., HELLA GmbH & Co. KGaA, Dial Manufacturing, Inc., Marelli Corporation, Akebono Brake Company, Allied-Nippon Limited, Hitachi Automotive Systems Ltd., Aruba ClearPass

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global automotive active purge pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive active purge pump market

Market Segmentation

• By Components
• • Sensors
  • DC Motor
  • Valves
  • Actuators
•  By Vehicle Type
• • Commercial Vehicle
  • Passenger Vehicle
• By Sales Channel
• • Aftermarket
  • Original Equipment Manufacturers (OEMs)
• By Regional
• • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Key Players
  • Continental AG
  • Denso Corporation
  • Vitesco Technologies
  • Hyundai Kefico
  • Agilent Technologies
  • Robert Bosch GmbH
  • Rheinmetall Automotive
  • Sauermann
  • TSURUMI AMERICA INC.
  • HELLA GmbH & Co. KGaA
  • Dial Manufacturing, Inc.
  • Marelli Corporation
  • Akebono Brake Company
  • Allied-Nippon Limited
  • Hitachi Automotive Systems Ltd.
  • Aruba ClearPass