Global Automotive Brake Booster Market is expected to foresee steady growth. The Asia Pacific holds the largest share!
- Himanshu Patni
- April 1, 2022
- AUTOMOTIVE, NEWS
- Automotive Brake Booster Market, Automotive Brake Booster Market growth, Automotive Brake Booster Market share, Automotive Brake Booster Market size, Automotive Brake Booster Market trends
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Global Automotive Brake Booster Market is expected to grow at a CAGR of around 7% during the forecast period 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.
Pandemics and natural disasters, such as COVID-19, are unpredictably devastating to many of the world’s main economies. COVID-19 has also had an impact on Automotive Brake Booster demand and sales. During COVID-19, many factors have impacted the growth of the automotive brake’s booster market, such as a fall in demand for automobiles and reduced cash flow, affected the transportation sector which restricted the use of vehicles, slowed down the production process which further led to supply chain disruptions and halt in productions of the automotive brake booster.
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For a better understanding of the market adoption of Automotive Brake Booster, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World. Asia Pacific is expected to dominate the Automotive Brake Booster, 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.
Global Automotive Brake Booster Market Segmentation
Market Insight, by Brake Type
- Drum Brake
- Disc Brake
Market Insight, by Technology
- Electric Brake Booster
- Conventional Vacuum Brake Booster
Market Insight, by Type
- Single Diaphragm Booster
- Dual Diaphragm Booster
Market Insight, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Market Insight, by Region
- North America Automotive Brake Booster Market
- United States
- Rest of North America
- Europe Automotive Brake Booster Market
- United Kingdom
- Rest of Europe
- Asia Pacific Automotive Brake Booster Market
- South Korea
- Rest of Asia-Pacific
- Rest of World Automotive Brake Booster Market
Top Company Profiles
- 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