The latest report by IMARC Group, titled “Automotive Brake Booster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global automotive brake booster market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive brake booster market reached a volume of 114.5 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 182.6 Million Units by 2027, exhibiting at a CAGR of 7.9% during 2022-2027. An automotive brake booster represents a safety component located between the brake pedal and master cylinder. It assists in amplifying the force applied on the foot pedal when transferring that force to the master cylinder, facilitating smooth brake actuation, reducing the pedal pressure required to stop or de-accelerate the vehicle, etc. An automotive brake booster enhances brake efficiency and provides a comfortable driving experience by minimizing the effort needed for applying brakes. Consequently, it is extensively installed in modern vehicles as a preventive braking measure to eliminate the chances of brake failure, create an effective braking mechanism, aid in panic braking, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Automotive Brake Booster Market Trends:
The growing demand for active vehicle safety systems, such as anti-lock braking systems (ABS), traction control systems (TCS), electronic stability programs (ESP), etc., is primarily driving the automotive brake booster market. Additionally, the widespread adoption of hybrid and electric vehicles (EVs) is further catalyzing the market growth. Besides this, the shifting consumer preferences from mechanical and hydraulic braking systems towards automotive brake boosters that help in minimizing the overall vehicle weight and enhancing driver safety as well as comfort are positively influencing the global market. Moreover, the rising investments in R&D activities for introducing innovative brake booster and brake distribution technologies are acting as significant growth-inducing factors. Apart from this, the development of high-end intelligent product variants compatible with upgraded automobile models to improve their performance and efficiency is anticipated to fuel the automotive brake booster market over the forecasted period.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aisin Seiki Co., Ltd.
- Hyundai Mobis
- TRW Automotive
- Mando Corporation
- Robert Bosch GmbH
- Nissin Kogyo
- Jilin Dongguang Aowei Brake System Co., Ltd.
- Wanxiang Group Corporation
- Zhejiang VIE Science & Technology Co.
- FTE automotive Group
- BWI Group
- Wuhu Bethel
- Liuzhou Wuling Automobile Industry Co., Ltd.
Breakup by Product:
- Single Diaphragm Booster
- Dual Diaphragm Booster
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by End-User:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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