Automotive Brake Booster Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Brake Type (Drum Brake, Disc Brake); Technology (Electric Brake Booster and Conventional Vacuum Brake Booster); Type (Single Diaphragm Booster, Dual Diaphragm Booster, Others); Vehicle Type (Passenger Vehicle, Commercial Vehicle); Region and Country
Detailed Analysis of COVID-19 Impact on the Automotive Brake Booster Market
Global Automotive Brake Booster Market is anticipated to display a CAGR of around ~7% over 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.
Insights Presented in the Report
“Amongst Brake Type, Disc Brake segment dominated the market in 2020”
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.
“Amongst Type, Fixed segment dominated the market in 2020.”
Based on type, the market is segmented into Fixed and Moveable. The Fixed segment is expected to grow at a higher CAGR during the forecasted period. The majority of the regional airports adopt the fixed bridges whereas the airports with the requirement of adjustable heights refer the movable bridge.
“Amongst Technology, Conventional Vacuum Brake Booster segment dominated the market in 2020.”
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
“Amongst Type, Single Diaphragm Booster segment dominated the market in 2020.”
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
“Asia Pacific represents as the largest market.”
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. Some of the major players operating in the market 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.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional & country-level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Automotive Brake Booster Market|
|2.2.||Research Methodology of the Automotive Brake Booster Market|
|2.5.||Main Objective of the Automotive Brake Booster Market Study|
|5||AUTOMOTIVE BRAKE BOOSTER MARKET COVID-19 IMPACT|
|6||AUTOMOTIVE BRAKE BOOSTER MARKET REVENUE, 2019-2027F|
|8.1.||Electric Brake Booster|
|8.2.||Conventional Vacuum Brake Booster|
|9.1.||Single Diaphragm Booster|
|9.2.||Dual Diaphragm Booster|
|11.1.||NORTH AMERICA AUTOMOTIVE BRAKE BOOSTER MARKET|
|11.1.3.||Rest of North America|
|11.2.||EUROPE AUTOMOTIVE BRAKE BOOSTER MARKET|
|11.2.5.||Rest of Europe|
|11.3.||ASIA-PACIFIC AUTOMOTIVE BRAKE BOOSTER MARKET|
|11.3.5.||Rest of Asia Pacific|
|11.4.||REST OF WORLD AUTOMOTIVE BRAKE BOOSTER MARKET|
|13||AUTOMOTIVE BRAKE BOOSTER MARKET OPPORTUNITIES|
|14||AUTOMOTIVE BRAKE BOOSTER MARKET TRENDS|
|15||LEGAL & REGULATORY FRAMEWORK|
|16.1.||Demand Side Analysis|
|16.2.||Supply Side Analysis|
|17||VALUE CHAIN ANALYSIS|
|18.1.1.||Company Shares, By Revenue|
|19.1.||Nissin Kogyo Co., Ltd.|
|19.2.||Bethel Automotive Safety Systems Co., Ltd.|
|19.3.||Aisin Seiki Co., Ltd.|
|19.4.||ZF Friedrichshafen AG|
|19.5.||Robert Bosch GmbH|
|19.7.||Hyundai Mobis Co., Ltd.|
|19.8.||TRW Automotive Holdings Corp.|
|19.10.||Wanxiang Group Corporation|
Brake boosters are gradually replacing mechanical and hydraulic braking systems in automobiles because they help to reduce total vehicle weight while also adding safety and comfort. Furthermore, the growing demand for active vehicle safety technologies such as regenerative braking, traction control system (TCS), anti-lock braking system (ABS), and electronic stability program (ESP) is pressuring automakers to incorporate these features, as well as high-end brake booster systems, into upgraded vehicle models. They’re also investing in research and development to bring technologically superior items to market that are compatible with electric and hybrid automobiles. Apart from that, issues such as stricter safety regulations and a greater emphasis on vehicle performance and efficiency have prompted manufacturers to concentrate on brake booster and brake distribution technologies in the passenger car market. Furthermore, the booming automotive sector, developing auto parts manufacturers, and rising vehicle ownership throughout the world are all driving demand for automotive brake boosters.
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.
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
The detailed secondary study was conducted to obtain the historical market size of the Automotive Brake Booster through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Automotive Brake Booster, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are brake type, technology, type, vehicle type. Further regional & country-level analyses were conducted to evaluate the overall adoption of the Automotive Brake Booster in the global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing government incentives and demand for eco-friendly transportations etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Automotive Brake Booster across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Automotive Brake Booster in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Automotive Brake Booster. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of elevation system, type, product type, structure, and region.
The main objective of the Automotive Brake Booster Study
The current & future market trends of Automotive Brake Booster were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Automotive Brake Booster in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include sub-system and vehicle type
- Defined analysis of the regulatory framework for the Global Automotive Brake Booster industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Automotive Brake Booster for the major regions & countries
- Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World
- Company profiles of the Automotive Brake Booster players and the growth strategies adopted by them to sustain in the fast-growing market
- Deep dive regional & country level analysis of the industry