According to the latest study by Fact.MR, the electric brake booster market is expected to show significant growth over the forecast period (2021-2031) and shall surpass net valuation of business to US$ 900 Mn by 2021. Substantial growth in production and sales seems to provide a positive outlook to the overall industry. Moreover, constant demand from the automotive industry is projected to propel the demand over the next decade.
Stringent Safety Regulations to Drive the Market Growth
With increase in safety recalls about faulty auto parts such as seat belts, airbags and brake systems, demand for more efficient auto components has increased multifold.
For instance, safety calls by various automotive giants such as Fiat, Mazda, Nissan and Citroen including the call for the failure of brake booster water shield have made manufacturer more vigilant regarding the development of braking systems.
Moreover, strict regulations and guidelines to make braking components more efficient are projected to drive the demand for electric brake booster over the forecast period.
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Key Segments
By Type
- Single Diaphragm Booster
- Dual Diaphragm Booster
By Electric Vehicle Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Hybrid Electric Vehicle
By Sales Channel
- OEM
- Others
By Vehicle Type
- Passenger Vehicle
- Hatchback
- SUV/ MPV
- Sedan
- Commercial Vehicle
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Buses & Coaches
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- Malaysia
- Thailand
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- Northern Africa
- South Africa
- Other Africa
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Who are the Key Manufacturers and Suppliers of Electric Brake Booster?
Some of the key players in this industry are
- Aisin
- Bosch
- Continental
- TRW
- ACDelco
- FTE
- Bendix
- Cardone
- Ford Motor Company
- Crown Automotive
The aforementioned players have mainly relied on organic growth strategies such as product launches to expand their market share. For instance:-
- In 2017, Bosch launched iBooster which is an electromagnetic, vacuum independent brake booster. This innovation is expected to meet the demand for an advanced braking system. Advanced trends like vehicle light weighting are gaining the customers’ traction.
- Moreover, ZF Friedrichshafen AG has developed a brake system powered by an electric motor which replaces the conventional vacuum booster.
The aforementioned key innovations by leading players will drive the market growth for electric brake booster over the projected forecast period.
Stringent Safety Regulations to Drive the Market Growth
With increase in safety recalls about faulty auto parts such as seat belts, airbags and brake systems, demand for more efficient auto components has increased multifold.
For instance, safety calls by various automotive giants such as Fiat, Mazda, Nissan and Citroen including the call for the failure of brake booster water shield have made manufacturer more vigilant regarding the development of braking systems.
Moreover, strict regulations and guidelines to make braking components more efficient are projected to drive the demand for electric brake booster over the forecast period.
Asia Pacific Electric Brake Booster Market Outlook
Asia Pacific region is expected to dominate the brake booster demand attributed to the presence of a large number of automotive manufacturing companies and OEMs in the region. Additionally, growing EV market in China is fuelling the growth of electric brake booster in the region.
Moreover, the EV market in China is booming with huge investment in charging infrastructure and innovation. For instance, a record 1.3 million EVs were sold in China in 2020. All these factors have led to a significant rise in the demand for brake booster in China.
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