The latest report by IMARC Group, titled “Automotive Brake Booster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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 size reached 123.4 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 191.6 Million Units by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
An automotive brake booster refers to a security component that assists in the smooth actuation of the brake and reduces the amount of pedal pressure required for braking. It is placed on the firewall of the compartment of an engine, beneath the hood of a car, or in front of the legs of the driver. An automotive brake booster is a preventive braking measure utilized to create an effective braking mechanism, avert the chances of brake failure, and aid in case of panic braking. In addition, it also ensures that the automobile comfortably reaches a halt and is deaccelerated safely. As a result, an automotive brake booster finds widespread applications in passenger and commercial vehicles.
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:
Automobile manufacturers are replacing mechanical and hydraulic braking systems with this security component, as it aids in reducing the overall weight of the car and incorporating additional safety and comfort, which is among the primary factors driving the automotive brake booster market. Besides this, the escalating demand for active vehicle safety technologies, including traction control systems (TCS), regenerative braking, anti-lock braking systems (ABS), and electronic stability programs (ESP) in upgraded automobile models, is further augmenting the market growth. Moreover, the elevating focus of manufacturers on the brake booster and brake distribution technologies in passenger cars, owing to the launch of several policies by the government bodies to emphasize on performance and efficiency of vehicles, is also catalyzing the global market.
Apart from this, the extensive research and development (R&D) activities to introduce technologically advanced and innovative products that are compatible with electric and hybrid automobiles, the expanding auto parts manufacturers, and the increasing vehicle ownership are expected to bolster the automotive brake booster market in the coming years.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/automotive-brake-booster-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- Aisin Seiki Co., Ltd.
- Hyundai Mobis
- Continnetal
- TRW Automotive
- Mando Corporation
- Robert Bosch GmbH
- Nissin Kogyo
- Hitachi
- Jilin Dongguang Aowei Brake System Co., Ltd.
- Wanxiang Group Corporation
- Zhejiang VIE Science & Technology Co.
- FTE automotive Group
- APG
- BWI Group
- Wuhu Bethel
- CARDONE
- Liuzhou Wuling Automobile Industry Co., Ltd.
Key Market Segmentation:
Breakup by Product:
- Single Diaphragm Booster
- Dual Diaphragm Booster
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by End-User:
- OEMs
- Replacement
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 (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- 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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