The demand analysis of automotive brake pumps can be discussed in detail from the aspects of market size, technology development trends, market demand growth and competitive landscape.
Market size
According to the data of China Research Institute of Industry, the market size of automotive brake vacuum pumps in my country reached 9.629 billion yuan in 2022. Although it decreased slightly year-on-year (0.38%), the overall market size is still huge. It is expected that the annual market size will reach 5 billion yuan in 2023, and the proportion of the global market will increase to 20%. In the global market, the global automotive vacuum pump market sales reached 2.351 billion US dollars in 2023, and it is expected to reach a higher level in 2030.
Technology development trend
With the development of electronic technology, automotive brake pumps are developing towards the trend of electrification. Traditional mechanical vacuum pumps are gradually eliminated, and electronic vacuum pumps and linear brakes have become the inevitable trend of the future brake industry. Compared with mechanical vacuum pumps, electronic vacuum pumps are more advanced and intelligent. They can be selectively turned on according to the operating conditions of the car to provide a stable vacuum source, which is suitable for pure electric and hybrid models. In addition, technological innovation is accelerating, and upstream and downstream enterprises in the industrial chain are strengthening cooperation to jointly promote the intelligent, automated and digital transformation of the industry.
Market demand growth
The booming automobile market has driven the growth in demand for auto parts, especially the rapid development of the new energy vehicle market has brought new growth points to the brake vacuum pump market. The demand for high-performance and high-reliability brake vacuum pumps has increased, especially in electric and hybrid vehicles, which have to be equipped with additional vacuum pumps due to the lack of vacuum sources. Consumers' increased requirements for automobile safety performance have also further promoted market demand.
