Market Overview
The global automotive active purge pump market is estimated to generate revenue of USD 311.4 million in 2024. This market is expected to witness a CAGR of 22.4% during 2024–2030, reaching USD 1,049.4 million by 2030. High levels of development and growing population demand regulations to mitigate the negative impacts of vehicles. With the global trend toward a greener environment, this factor is likely to buoy the market.
As vehicle usage rises, countries worldwide have established stringent emission standards. The allowable pollution output of a vehicle varies by category, prompting governments to implement strict measures to curb environmental effects. Emissions of harmful gases have always impacted air quality and visibility negatively.
Amendments in vehicle testing and certification provisions require the incorporation of automotive active purge pumps. These devices help minimize exhaust emissions and enhance fuel efficiency. Contemporary legislations in this context include EPA Tier III, Euro 6, and BS 6.
The market is expanding as global new vehicle sales increase rapidly. Automobile exhaust emissions include noxious gases such as sulfur dioxide, ammonia, nitrogen oxides, carbon dioxide, and carbon monoxide, which are harmful to both the environment and human health.
Key Insights
- In 2024, DC motors will account for a 40% revenue share, crucial for powering automotive purge pumps.
- DC motors, combined with control systems, automate purging for fuel efficiency and emission reduction.
- Sensors are projected to advance by 22.8% during the forecast period, ensuring precise timing and safety.
- Continuous monitoring by detectors improves pump functionality and prevents vehicle damage.
- In 2024, the non-metal category will hold a 65% industry share.
- Non-metal purge pumps are lightweight, durable, and adaptable to design changes.
- Advanced polymers provide stability under high temperatures and pressures, enhancing vehicle performance and fuel efficiency.
- The passenger vehicle category will hold the largest share and exhibit the highest CAGR of 22.6% during the forecast period.
- Injection-molding simplifies the production of complex purge pump parts.
- The vacuum-forming category is projected to grow at the highest CAGR during 2024–2030.
- OEMs will dominate the market in 2024 with a 65% share.
- OEMs require large quantities of active purge pumps for continuous assembly lines and have long-term purchase contracts with manufacturers.
- The aftermarket is projected to grow at the highest CAGR of 22.7% during 2024–2030.
- The aftermarket offers customizable, cost-effective solutions and meets the demand for compliance with strict emission regulations.
- Asia-Pacific will hold the largest share of around 45% in 2024 and is projected to grow at the highest CAGR of 23.0% during 2024–2030.
- Rapid urbanization and large populations increase vehicle sales and emissions, driving demand for active purge pumps.
- Implementation of air-cleaning regulations boosts the purchase of active purge pumps by OEMs and repair shops.
- Europe will hold a significant share in 2024 due to its status as a hub for automotive manufacturers.
Source: P&S Intelligence