Automotive Brake Booster Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
Due to an increase in road accidents, the need for car safety systems has
skyrocketed. The need for brake boosters has risen in tandem with the
development in the number of high-speed vehicles. Brake boosters improve
driving safety by providing adequate braking systems, resulting in increased
safety measures and future growth of the brake booster industry. The vehicle
braking system is an important part of the vehicle's safety equipment. The
components of a vehicle's braking system transform the force delivered by the
driver into the necessary braking effect in an optimum manner, ensuring the
vehicle's safe and pleasant deceleration. Most current automobiles, which
contain a vacuum-assisted braking system that considerably increases the
applied force, use brake boosters. A black round-shaped canister is fitted at
the back of the engine compartment as an automobile brake booster. There are
two types of brake boosters for automobiles: hydraulic brake boosters and
vacuum brake boosters.
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A vacuum brake booster is a metal canister with a valve and a diaphragm. The
hydraulic brake booster uses hydraulic pressure generated by the power steering
pump to give the needed power support for the brakes to be deployed. In recent
years, demand for automobile safety solutions in both passenger and commercial
vehicles has steadily increased. The demand for safety extends to both
passengers in vehicles and pedestrians. In emergencies, the brake booster
assists the braking system in gaining control of the vehicle's speed and
preventing accidents. The abrupt emergence of an obstruction in front of the
automobile is an evident risk of driving. In some cases, where the obstruction
is near to the car and the vehicle speed is great, the driver is unable to
avoid a collision. The braking system, which includes the brake booster and
automated emergency braking, assists in decelerating the car in this
circumstance by recognizing the existence of an object.
According to UnivDatos Market Insights (UMI)’ research
report “Automotive Brake Booster Market”,
the market is expected to witness a CAGR growth of around 7% during
the forecast period 2021-2027F. Global Automotive Brake Booster Market is
experiencing significant growth due to the rising demand for vehicle
safety systems and development of semi-autonomous and autonomous vehicles.
Based on brake type, the market is segmented into Drum
Brake and Disc Brake. The Disc Brake segment generated revenue of USD X billion
in 2020 and is expected to grow at a CAGR X% during the forecasted period.
Though disc brakes use the same fundamental principles as drum brakes to slow a
vehicle (friction and heat), its design is significantly superior. Disc brakes
employ a thin rotor and a small caliper to stop wheel movement instead of
a metal drum that houses all of the essential components. Disc brakes are more
efficient in displacing heat and, as a result, stop your car far more
efficiently than drum brakes, which is why disc brake demand is increasing at a
faster pace than drum brake demand
Based on technology, the market is segmented into Electric
Brake Booster and Conventional Vacuum Brake Booster. The Conventional Vacuum
Brake Booster segment generated revenue of USD X billion in 2020 and is
expected to grow at a CAGR X% during the forecasted period. The need for brake
boosters is being driven by continued innovation and development in the product
development of braking systems to protect the safety of passengers and
pedestrians. The growth of electric brake boosters has been fueled by the
growing automobile industry and the desire for more efficient braking systems.
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Based on type, the market is segmented into Single
Diaphragm Booster, Dual Diaphragm Booster, and Others. The Single Diaphragm
Booster segment generated revenue of USD X billion in 2020 and is expected to
grow at a CAGR X% during the forecasted period. A circular diaphragm is coupled
to an eccentric shaft with its center offset from the central pivot point of
each end mount bracket assembly via a pushrod in a single-diaphragm device. The
two brackets are attached at a 90-degree angle to either end plate, with one
side acting as a piston head pushing rod and the other housing the pushrod pin.
When compared to other types of electric brake boosters, this one may deliver
more braking force and performs well in difficult settings such as stop-and-go
traffic or emergency stops.
Based on vehicle type, the market is segmented into
Passenger Vehicle and Commercial Vehicle. The Passenger Vehicle segment
generated revenue of USD X billion in 2020 and is expected to grow at a CAGR X%
during the forecasted period. The continuous rise in demand for passenger
vehicles along with government initiatives for stringent safety norms and a
greater emphasis on performance as well as the efficiency of vehicles has
encouraged manufacturers to focus on brake booster and brake distribution technologies
has given a boost to the passenger segment
Asia Pacific to Grab Lion’s Share
Based on the estimation, during the projection period of 2021-2027, Asia
Pacific dominates the market, due to the increasing rate of adoption of
automotive brake boosters in vehicle braking systems and the developing
automotive industry in China, India, and ASEAN nations, Asia Pacific is
expected to occupy a substantial share of the worldwide market over the
forecast period. Because of the vast number of automobile manufacturing
businesses and OEMs in the area, the Asia Pacific market is likely to dominate
brake booster demand. Furthermore, the expanding EV industry in China is
boosting the need for electric brake boosters in the area. Furthermore, China's
electric vehicle sector is flourishing, thanks to massive investments in
charging infrastructure and innovation. In China, for example, a record 1.3
million electric vehicles were sold in 2020, with sales likely to continue to
rise. All these factors will further boost the market growth of the automotive
brake booster market.
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According to UnivDatos Market Insights (UMI)’, the key players with a
considerable market share in the Global Automotive Brake Booster Market are
includes Nissin Kogyo Co., Ltd., Bethel Automotive Safety Systems Co., Ltd.,
Aisin Seiki Co., Ltd., ZF Friedrichshafen AG, Robert Bosch GmbH, Mando
Corporation, Hyundai Mobis Co., Ltd., TRW Automotive Holdings Corp.,
Continental AG, Wanxiang Group Corporation etc.
- In Jan 2020, Bosch launched a new, EUR 18.8 mn production line
at its factory in Mirków, near Wrocław. The plant will produce the
iBooster 2 second-generation braking system component mainly used in
hybrid and electric vehicles. The iBooster system increases driving safety
by shortening the stopping distance, works with driver assistance systems,
and also plays an important role in the emergency braking process and when
braking with active cruise control
“Global Automotive Brake Booster Market”
provides comprehensive qualitative and quantitative insights on the
industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitor's
capabilities on different parameters. This will help companies in the
formulation of go to market strategies and identifying the blue ocean for its
offerings.
For more informative information, please visit us – https://univdatos.com/report/automotive-brake-booster-market/
Market Segmentation:
- By Brake Type (Drum Brake and Disc Brake)
- By Technology (Electric Brake Booster and Conventional Vacuum Brake Booster)
- By Type (Single
Diaphragm Booster, Dual Diaphragm Booster and Others)
- By Vehicle Type (Passenger Vehicle and Commercial Vehicle)
- By Region (North America (United States, Canada, Rest of North America),
Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific
(China, Japan, India, Australia, Rest of APAC), and Rest of World)
- By Company (Nissin Kogyo Co., Ltd., Bethel Automotive Safety Systems Co.,
Ltd., Aisin Seiki Co., Ltd., ZF Friedrichshafen AG, Robert Bosch GmbH,
Mando Corporation, Hyundai Mobis Co., Ltd., TRW Automotive Holdings Corp.,
Continental AG, Wanxiang Group Corporation)
Key questions answered in the study:
- What are the current and future trends of the Global Automotive
Brake Booster industry?
- How the industry has been evolving in terms of end-user demand
and product category?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the Global
Automotive Brake Booster industry?
- What is the customer orientation, purchase behavior, and
expectations from the Global Automotive Brake Booster suppliers across
various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE BRAKE BOOSTER MARKET COVID-19 IMPACT
6 AUTOMOTIVE BRAKE BOOSTER MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY BRAKE TYPE
8 MARKET INSIGHTS BY TECHNOLOGY
9 MARKET INSIGHTS BY TYPE
10 MARKET INSIGHTS BY VEHICLE TYPE
11 MARKET INSIGHTS BY REGION
12 AUTOMOTIVE BRAKE BOOSTER MARKET DYNAMICS
13 AUTOMOTIVE BRAKE BOOSTER MARKET OPPORTUNITIES
14 AUTOMOTIVE BRAKE BOOSTER MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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