According to a market report by Lucintel, the future of the automotive active purge pump market looks promising with opportunities in this industry. The active purge pump market is expected to grow with a CAGR of 63% from 2019 to 2024. The major drivers for this market are stringent government regulations, and increase in demand for fuel-efficient vehicles.
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Within the automotive active purge pump market, passenger cars, and light commercial vehicles are the major end use industries. Passenger car is the largest end use market segment for automotive active purge pump.
North America will remain the largest region over the forecast period due to an increasing demand for the commercial vehicles and presence of leading players in the market.
Continental, Agilent Technologies, Robert Bosch, and Denso Corporation are among the major manufacturers of the automotive active purge pump.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive active purge pump market by material type, by component, by manufacturing process, by sales channel, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Active Purge Pump Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive active purge pump market by material type, by component, by manufacturing process, by sales channel, by end use, and by region as follows:
By Material Type [$M shipment analysis for 2013 – 2024]
By Component [$M shipment analysis for 2013 – 2024]
DC Motor
Sensors
Actuator
Valves
Others
By Manufacturing Process [$M shipment analysis for 2013 – 2024]
Cutting
Vacuum Forming
Injection Molding
Others
By Sales Channel [$M shipment analysis for 2013 – 2024]
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicle
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
China
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-active-purge-pump-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.