Global Automotive Brake Booster Market– Market Size & Forecasting To 2032

Global Automotive Brake Booster Market– Market Size & Forecasting To 2032

MARKET ABSTRACT The automotive brake booster market is estimated to be USD 5.46 billion in 2023 and is projected to reach USD 7.09billion by 2032, growing at a CAGR of 2.95% during the forecast period. The rising R&D activities, high investments in theautomobile industry, stringent safety norms regarding vehicle safety and emerging auto parts manufacturers, plays asignificant role in growth of automotive brake booster market. In addition, rapid globalization, along with increasingdisposable incomes across developing countries such as China and India, has aresulted in increased vehicleownership rate which in turn will catalyze the demand for automotive brake boosters.

The brake booster is designed for minimum pedaling effort to generate greater braking force. Depending on the size ofthe diaphragm it raises the pedal force 2 to 4 times. The brake booster is located between the master cylinder andbrake pedal. It helps in smooth brake action while minimizing the amount of pedal pressure needed to stop anautomobile. Nowadays, manufacturers have developed high-end brake boosters that ensure vehicle deceleration issafe and comfortable.

Automotive brake booster market is segmented on the basis of product type, vehicle type, sales channel and region.

Vehicle type segment is divided into, passenger vehicles and commercial vehicles. Passenger vehicle segmentexpected to grow rapidly during the forecast period. On the basis of product type, the market has been segmented intosingle diaphragm booster, dual diaphragm booster and other. Sales channel segment comprises the OEMs andaftermarket.

By region, this market is segmented by North America, Asia Pacific, Europe, Middle East & Africa and South America.

Asia Pacific is likely to hold a significant market share during the forecast period due to the high rate of vehicle brakebooster adoption in the vehicle braking system coupled with growing automotive sector in China, India and ASEANcountries. North America and Europe regions is also expected to register a significant share in automotive brakebooster market owing to the involvement of key industry players and high penetration of electric vehicles. Automobilemanufacturers are rapidly replacing mechanical and hydraulic braking systems with brake boosters as they aid inreducing the overall weight of the car and incorporating additional safety and comfort. Such factors resulted toincrease the demand for automotive brake booster market in this region.

The competitive scenario highlights the performance of major companies operating in this market. This includesdetailed profiling of major companies and their competitive benchmarking. Product profiling provides key informationincluding products/solutions offered, key developments, company performances, and strategies adopted in the recentyears. Major companies profiled in the market include Aisin Seiki Co., Ltd., Hyundai Mobis, Continnetal, TRWAutomotive, 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. and others. These companies have adoptedproduct development, expansion, and merger strategies to consolidate market position amongst intense competition. Based on product type, the market is divided into single diaphragm booster, dual diaphragm booster and others.

Single Diaphragm Booster: A single diaphragm is used in this type of brake booster to increase the force delivered to the brake pedal by the driver. It is a typical type of brake booster seen in many automobiles, particularly compact passenger vehicles. The single diaphragm design is a low-cost method for improving brake performance.

Dual Diaphragm Booster: The dual diaphragm booster, also known as a tandem diaphragm booster, amplifies the brake pedal force by using two diaphragms. It has more braking power than a single diaphragm booster, making it suited for larger vehicles like trucks and SUVs. The dual diaphragm design improves braking performance while increasing safety.

Others: Various types of brake boosters that do not fit into the single or dual diaphragm designs are included in the others category. This could include specialised brake boosters for specific vehicle applications or one-of-a-kind designs not usually seen in the automotive sector.

Based on vehicle type, the market is divided into passenger cars and commercial vehicles

Passenger Cars: Brake boosters are commonly seen in sedans, hatchbacks, coupes, convertibles, and other passenger vehicle types. Vacuum brake boosters, which utilise engine vacuum to provide the necessary boost for improved braking performance, are commonly used in passenger cars. These brake boosters are designed to fit the needs of various passenger car sizes, weights, and powertrain configurations, resulting in effective braking performance and better road safety.

Commercial Vehicles: Commercial vehicles, such as trucks, buses, and other heavy-duty vehicles, use brake boosters to improve braking performance. Commercial vehicles, due to their bigger size, weight, and load-carrying capacity, frequently require more powerful and durable brake boosters to provide effective braking performance. Depending on the purpose and specifications of the vehicle, commercial vehicles may utilise vacuum brake boosters or hydraulic brake boosters.

Based on sales channel, the market is divided into OEMs and aftermarket OEMs (Original Equipment Manufacturers): OEMs install automotive brake boosters throughout the production process, making them a vital component in new automobiles. Brake boosters are included into the braking system to improve braking performance and assure vehicle safety. As part of their production process, OEMs purchase brake boosters from brake system suppliers.

Aftermarket Market: The demand for brake boosters as aftermarket parts to replace worn-out or broken brake boosters in current vehicles is referred to as the replacement market. When a vehicle's brake booster breaks or malfunctions, it may need to be changed in order to restore normal braking performance. Replacement brake boosters are often obtained from aftermarket providers, such as auto parts stores or internet sellers, and installed as a maintenance or repair necessity by repair shops or vehicle owners themselves.

Region-wise, the global automotive brake boosters market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America

North America is a key market for automotive brake boosters, and it includes the United States and Canada. Factors such as the expanding automobile industry, rising consumer preference for improved safety features, and severe vehicle safety laws are driving demand for brake boosters.

Europe: Another big market for automobile brake boosters is Europe, which includes countries such as Germany, France, and the United Kingdom. Due to tight safety rules and consumer desire for improved vehicle safety, the region has a strong automotive production base and a high adoption rate of modern automotive technology, such as brake boosters.

Asia-Pacific: The Asia-Pacific region, which includes China, Japan, and India, is a fast expanding market for car brake boosters. Increased automobile production and sales, urbanisation, increased disposable income, and expanding vehicle safety awareness are boosting demand for brake boosters in this region.

Middle East and Africa: The Middle East and Africa region, which includes nations such as Saudi Arabia, South Africa, and the United Arab Emirates, is a relatively minor market for automotive brake boosters. However, rising automotive production, infrastructural development, and increased vehicle safety awareness are projected to stimulate demand for brake boosters in this region.