Automotive Electric Vacuum Pump Market Surges $1.93 Bn by 2034

Automotive Electric Vacuum Pump Market Size and Growth

The global automotive electric vacuum pump market size is anticipated to reach USD 1.93 billion by 2034 over the next decade. Asia Pacific leads the electric vacuum pump market, driven by strong government support for electric vehicles. Europe is set for the highest growth, with major players like BMW and Audi. The BEV segment dominates, fueled by rising fuel costs, while passenger cars, especially electric hatchbacks, top consumer preferences.

The automotive electric vacuum pump market size is calculated at USD 1.35 billion in 2024 and is anticipated to reach around USD 1.93 billion by 2034, growing at a CAGR of 3.74% from 2025 to 2034.

Automotive Electric Vacuum Pump Market Size 2023 - 2034

Unlock Infinite Advantages: Subscribe to Annual Membership

Automotive Electric Vacuum Pump Market Overview

The automotive electric vacuum pump market is an integral sector of the automotive industry. This industry deals in manufacturing and distribution of vacuum pumps for electric vehicles. These pumps are used to create vacuum for the brake booster for enhancing safety of drivers while travelling. It is designed for different vehicles consisting of passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). The growing demand for plug-in hybrid vehicles (PHEV) to curb emission and provide enhanced mileage has contributed to the industrial development. This market is likely to rise significantly with the growth of the electric vehicles industry in different parts of the globe.

Number of PHEVs Sold in Europe in Million Units (2020-23)

  • According to the International Energy Agency, in Europe, around 1.4 million PHEVs were sold in 2020 that increased to 4.5 million units in 2023.

Highlights of Automotive Electric Vacuum Pump Market

  • Asia Pacific dominated the automotive electric vacuum pump market due to the increasing government initiatives for developing the electric vehicle industry.
  • Europe is projected to grow with the highest CAGR due to the presence of several companies including BMW, Audi, Volkswagen, Porsche and some others.
  • The battery electric vehicle (BEV) segment held the largest share of the market due to the growing prices of fuel in different parts of the globe.
  • The passenger car segment led the market due to the rising consumer preference towards electric hatchbacks for daily uses.
  • According to the world in data, around 1.39 million electric vehicles were sold in U.S. in 2023.
  • According to the India Brand Equity Foundation, in 2023 around 15.29 million electric vehicles were registered in India.
  • According to the East Asia Forum, around 8 million EVs are expected to manufactured in China during 2023.
  • According to the IEA, the global electric car sales of EVs was around 14 million, i,e 18% of the overall vehicle sales in 2023.

Industry Leader Announcement

In April 2023, Markus Wittig, the Head of the Business Line Passenger Car Aftermarket of ZF Friedrichshafen AG announced that, "The TRW-branded electronic brake booster once again underscores our holistic approach to ensuring that ZF OE innovations are available to our workshop partners at an early stage. It is firmly anchored in our DNA to provide the aftermarket with first-hand technical know-how and to optimally prepare it for the challenges of the future."

Competitive Landscape

The automotive electric vacuum pump market is a fragmented market with the presence of numerous players. Some of the prominent market players of this industry consists of Rheinmetall Automotive AG, HELLA GmbH & Co. KGaA, Johnson Electric, Continental AG, ZF Friedrichshafen, Robert Bosch GmbH and some others. These companies are constantly engaged in research & development activities related to automotive vacuum pumps and adopting strategies such as partnerships, joint ventures, product launches, business expansion and some others to sustain their position in the industry.

Rheinmetall Sensors and Actuator Segment Revenue in Million Euros (2022-23)

  • According to the annual report of Rheinmetall, the revenue of sensors and actuators segment in 2022 was 1382 million euros that increased to 1421 million euros in 2023.

Market Segments

By Electric Vehicle Type

  • Hybrid Electric Vehicle
  • Plug-In Hybrid Electric Vehicle
  • Battery Electric Vehicle

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commerical Vehicles

By Region

  • North America
    • US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Insight Code: 1486
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Last Updated: 28 January 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

It assists in creating vacuum pressure for systems like braking, emission control, and power steering.

The market is expanding due to the increasing demand for fuel-efficient and eco-friendly vehicles, especially electric and hybrid models.

Technological advancements, stricter emission regulations, and the rise of electric vehicles are key drivers.

Ready to talk to a Towards Automotive consultant?

We offer automotive expertise for market projections and customizable research, adaptable to diverse strategic approaches.

Contact Us