Automotive Brake Booster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global automotive brake booster market is expected to grow at a CAGR of around 8% during 2019-2024. An automotive brake booster is a safety component which assists in smooth actuation of the brake and minimizes the amount of pedal pressure required for braking. It is placed on the firewall of an engine’s compartment, under the hood of a car or in front of the driver’s legs. It is a preventive braking measure employed to avert the chances of brake failure, create an effective braking mechanism and help in case of panic braking. Besides this, it also ensures that the vehicle comfortably comes to a halt and is deaccelerated safely.
Automobile manufacturers are rapidly replacing mechanical and hydraulic braking systems with brake boosters as they aid in reducing the overall weight of the car and incorporating additional safety and comfort. Moreover, the rising demand for active vehicle safety technologies including regenerative braking, traction control system (TCS), anti-lock braking system (ABS) and electronic stability program (ESP) is compelling manufacturers to integrate these technologies along with high-end brake booster systems in upgraded automobile models. They are also funding research and development activities to introduce technologically advanced products that are compatible with electric and hybrid vehicles. Apart from this, factors including stringent safety norms and a greater emphasis on performance as well as the efficiency of vehicles have encouraged manufacturers to focus on the brake booster and brake distribution technologies in the passenger car segment. Further, the demand for automotive brake booster is being propelled by the burgeoning automotive industry, emerging auto parts manufacturers and increasing vehicle ownership around the world.
IMARC Group’s latest report provides a deep insight into the global automotive brake booster market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global automotive brake booster market in any manner.
Historical, Current and Future Market Trends
Market Breakup by Product:
Single Diaphragm Booster
Dual Diaphragm Booster
Market Breakup by Vehicle Type:
Market Breakup by End-User:
Market Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.
Key Questions Answered in This Report:
How has the global automotive brake booster market performed so far and how will it perform in the coming years?
What are the key regional markets in the global automotive brake booster industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global automotive brake booster industry?
What are the key driving factors and challenges in the global automotive brake booster industry?
What is the structure of the global automotive brake booster industry and who are the key players?
What is the degree of competition in the global automotive brake booster industry?
What are the profit margins in the global automotive brake booster industry?
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