Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Global Automotive Brake Booster Market- Market Size & Forecasting to 2032" report has been added to ResearchAndMarkets.com's offering.
The automotive brake booster market is estimated to be USD 5.46 billion in 2023 and is projected to reach USD 7.09 billion by 2032, growing at a CAGR of 2.95% during the forecast period.
Companies Mentioned
- Aisin Seiki Co. Ltd
- Hyundai Mobis Co. Ltd.
- Continental Ag
- Trw Automotive Holdings Corp.
- Mando Corporation
- Robert Bosch Gmbh
- Nissin Kogyo Co. Ltd.
- Hitachi Ltd.
- Jilin Dongguang
- Aowei Brake System Co. Ltd.
- Wanxiang Group Corporation
- Zhejiang Vie Science & Technology Co. Ltd
- Apg-Fte Automotive Co. Ltd.
- Beijing West Industries (Bwi) Group
- Cardone Industries Inc.
The rising R&D activities, high investments in the automobile industry, stringent safety norms regarding vehicle safety and emerging auto parts manufacturers, plays a significant role in growth of automotive brake booster market.
In addition, rapid globalization, along with increasing disposable incomes across developing countries such as China and India, has aresulted in increased vehicle ownership 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 of the diaphragm it raises the pedal force 2 to 4 times. The brake booster is located between the master cylinder and brake pedal. It helps in smooth brake action while minimizing the amount of pedal pressure needed to stop an automobile. Nowadays, manufacturers have developed high-end brake boosters that ensure vehicle deceleration is safe 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 segment expected to grow rapidly during the forecast period. On the basis of product type, the market has been segmented into single diaphragm booster, dual diaphragm booster and other. Sales channel segment comprises the OEMs and aftermarket.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 223 |
| Forecast Period | 2019 - 2032 |
| Estimated Market Value (USD) in 2019 | $4.93 Billion |
| Forecasted Market Value (USD) by 2032 | $7.09 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
Key Topics Covered:
1 Market Abstract
1.1 Automotive Brake Booster Market, by Product Type
1.2 Automotive Brake Booster Market, by Vehicle Type
1.3 Automotive Brake Booster Market, by Sales Channel
1.4 Automotive Brake Booster Market, by Region
2 Market Introductions
2.1 Market Scope
2.2 Market Properties/Behavior
2.3 Key Definitions-Content
3 Research Practice
3.1 Research Practice
3.1.1 Global Level Analysis
3.1.2 Country Level Analysis
3.1.3 Supply Side Analysis
3.1.4 Demand Side Analysis
3.1.5 Triangulation
3.2 Primary Data
3.3 Secondary Data
3.4 Market Evaluation & Forecasting Methodology
3.5 Assumptions/Limitations for the Study
3.6 What this Study Provides
3.7 Key Questions Answered by this Report
3.8 this Study is Intended For
4 Key Related Data
4.1 Competitive Positioning
4.1.1 Product Positioning
4.1.2 Revenue Positioning
4.1.3 Regional Reach Positioning
4.2 Vendor Matrix
4.3 Cost Analysis
4.4 Major Investments in Last Five Years by Global Players
4.5 Technological Advancement
4.6 Key Industry Trends in Major Countries
4.7 Covid- 19 Impact on Automotive Brake Booster Market
5 Impact Factor Analysis
5.1 Micro Economic Pointers
5.2 Macro Economic Pointers
5.3 Drivers, Restraints, Opportunities, Challenges Analysis
5.4 Porter's Five Force Model/Pestle Analysis/Value Chain Analysis
6 Market Development Analysis
6.1 New Product Development/Launch (2018-2023)
6.2 Mergers and Acquisitions (2015-2020)
6.3 Partnerships /Agreements/Collaborations (2015-2020)
7 Automotive Brake Booster Market, by Product Type
7.1 Introduction
7.2 Market Share Analysis
7.3 Single Diaphragm Booster
7.4 Dual Diaphragm Booster
7.5 Other
8 Automotive Brake Booster Market, by Vehicle Type
8.1 Introduction
8.2 Market Share Analysis
8.3 Passenger Vehicle
8.4 Commercial Vehicle
9 Automotive Brake Booster Market, by Sales Channel
9.1 Introduction
9.2 Market Share Analysis
9.3 Oems
9.4 Aftermarket
10 Automotive Brake Booster Market, Regional Analysis
11 Automotive Brake Booster Market, Company Analysis
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/jvlj6z
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