According to Custom Market Insights (CMI), The Global Electric Brake Booster Market size was worth around USD 2.3 billion in 2021 and is predicted to grow to around USD 14 billion by 2030 with a compound annual growth rate (CAGR) of roughly 30% between 2022 and 2030. The report analyses the Electric Brake Booster market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Brake Booster market.
Electric Brake Booster Market: Overview
An essential part of a vehicle’s safety equipment is the braking system. The details of a vehicle’s braking system optimally transform the force delivered by the driver into the required braking effect, ensuring a safe and pleasant vehicle deceleration. Most current automobiles use brake boosters because they have vacuum-assisted braking systems, which significantly increase the applied force.
An automotive brake booster is a spherical, black canister attached to the rear of the engine. Automotive brake boosters come in two varieties: vacuum boosters and hydraulic boosters. A metal canister called a vacuum brake booster houses a valve and a diaphragm. The hydraulic brake booster uses the power steering pump’s hydraulic pressure to supply the required power assistance for the brakes to operate.
Browse the full “Electric Brake Booster Market Size, Trends and Insights By Brake Type (Disc Brake, Drum Brake), By Technology (Electric Brake Booster , Conventional Vacuum Brake Booster), By Type (Single Diaphragm Booster, Dual Diaphragm Booster, Others), By Vehicle Type (Commercial Vehicle, Passenger Vehicle), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/electric-brake-booster-market/
Growth Factors
The need for brake boosters is being driven by ongoing innovation and improvement in the design of braking systems to ensure the safety of passengers and pedestrians. In addition, the quest for more effective braking systems and the expanding automobile industry have fueled the development of electric brake boosters.
Additionally, long-term manufacturing and sales of the target product will be supported by increased demand for lightweight and affordable components, particularly for the electric vehicle segment, and favourable government regulations boosting the sales of electric and hybrid cars.
A variety of opportunities for the sector will arise from consistent RD initiatives to build customer trust. For instance, producers are emphasizing the delivery of lightweight and economical, improvised goods. Future demand and sales will also be fueled by technologies like two-level braking and integrated, compact brake systems.
Segmental Overview
The market for Electric Brake boosters is segmented into brake type, technology, and vehicle type. Based on type, the single diaphragm booster segment led the electric brake booster market in 2021. In a single-diaphragm device, a pushrod connects a circular diaphragm to an eccentric shaft whose centre is offset from the pivot point of each end mount bracket assembly. The two brackets are fastened to either end plate at a 90-degree angle, with one as a pushrod for the piston head and the other holding the pushrod pin. This electronic brake booster may provide more braking force when compared to other models, and it works well in challenging conditions like stop-and-go traffic or emergency stops.
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Regional Overview
Due to numerous automobile OEMs and manufacturing firms, the Asia Pacific region is anticipated to dominate the brake booster demand. In addition, the region’s use of electric brake boosters is also expanding due to China’s growing EV industry. China’s EV market is also developing thanks to significant investments in innovation and charging infrastructure. For instance, China sold a record-breaking 1.3 million electric vehicles in 2020. As a result, the need for brake boosters in China has increased significantly due to all these factors.
Key Players Insights
A comprehensive study of the strategies adopted by the major players are included in our research report, along with the services offered, financial overview, SWOT analysis, and key developments and initiatives observed in the past three years. Further, we give our clients the leverage to modify the company list per their requirements.
Prominent Players
- Aisin Seiki Co., Ltd.
- Robert Bosch GmbH
- TRW Automotive
- Hyundai Mobis
- Continental AG
- Mando Corporation
- Hitachi
- Nissin Kogyo
- Jilin Dongguang Aowei Brake System Co., Ltd.
- Zhejiang VIE Science Technology Co.
- Wanxiang Group Corporation
- BWI Group
- FTE automotive Group
- APG
- Liuzhou Wuling Automobile Industry Co., Ltd
- Wuhu Bethel
- CARDONE
Table of Contents: https://www.custommarketinsights.com/report/electric-brake-booster-market/#table-of-contents
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