Automotive Brake Booster Market: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast (2021-2027)

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 XX billion in 2020 and is expected to grow at a CAGR XX% 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 XX billion in 2020 and is expected to grow at a CAGR XX% 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

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 XX billion in 2020 and is expected to grow at a CAGR XX% 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.

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Based on vehicle type, the market is segmented into Passenger Vehicle and Commercial Vehicle. The Passenger Vehicle segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% 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.

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.

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Market Segmentation:

1.     By Brake Type (Drum Brake and Disc Brake)

2.     By Technology (Electric Brake Booster and Conventional Vacuum Brake Booster)

3.     By Type (Single Diaphragm Booster, Dual Diaphragm Booster and Others)

4.     By Vehicle Type (Passenger Vehicle and Commercial Vehicle)

5.     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)

6.     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:

1.     What are the current and future trends of the Global Automotive Brake Booster industry?

2.     How the industry has been evolving in terms of end-user demand and product category?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Global Automotive Brake Booster industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Global Automotive Brake Booster suppliers across various countries?