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Electric Brake Booster Market

Electric Brake Booster Market : Information by Type (Two-Box, One-Box), Application (EV, HEV/PEV) and Region-Forecast Till 2026.

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Market Overview

The global electric brake booster market is expected to grow at a CAGR of 24.96% during the forecast period, 2019–2026.

Pedal pressure needed for braking can be reduced using electric brake boosters. These boosters are primarily used in electric and hybrid vehicles. The demand for electric vehicles is on the rise, with considerable growth each year, which drives the electric brake booster market. For instance, the global fleet of electric vehicles grew by 54% to about 3.1 million in 2017 and is estimated to reach the 125 million mark by 2030. Leading manufacturers are also investing in developing and introducing different models to the market; however, their efforts are further complicating the underlying brake system technology. To overcome such issues and complications, manufacturers are offering programmable braking systems with a range of vehicle models. Bosch iBooster — an electromechanical brake booster – offers quick programming at the end of the production line, which can be installed to suit both right-hand-drive and left-hand-drive models.

Market Snapshot

market snapshot
Base Year
: 2017
Study Period
: 2016–2026
CAGR
: 24.96 %
Fastest Growing Market
: Europe
Largest Market
: China
Market Size
:
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Segmental Analysis

Today, most of the available systems depend on the vacuum generated by combustion engines using electrical energy; however, it is not flexible for the latest driver-assist systems. The next-generation drivetrains used in hybrid & electric vehicles, as well as highly efficient combustion engines, require new braking assist system. Tandem or two-box type electric brake boosters are primarily used in large size vehicles such as electric or hybrid cars as well as trucks and buses, or any other heavy vehicles.

Regional Analysis

The U.S. is projected to witness considerable growth in the global electric brake booster market and is expected to grow at a CAGR of 25.12% during the forecast period, 2019–2026. Researchers from various universities and top-tier automotive part suppliers have proposed serval schemes. For instance, TRW Inc. has developed a braking system with a controllable hydraulic booster that can control the pressure in the front caliper. This system is expected to be employed in an electric vehicle for performing regenerative braking on the front axle of a vehicle.

The Europe electric brake booster market is mainly influenced by the growing transportation sector. Continental AG’s hydraulic brake systems business unit of chassis & safety division manufactures around 10 million brake boosters per year at one of its largest facilities for braking components in Jicin, the Czech Republic.

China is experiencing significant growth in the global electric brake booster market. Various vendors are entering the Chinese market. For instance, Bosch Group is aiming to expand its manufacturing facility in China as the suppliers of technology and services related to electric brake booster systems are investing around EUR 100 million in a newly established manufacturing plant in Nanjing, China. This plant will produce Bosch’s iBooster and vacuum-independent electromechanical brake for its customer base present in Asia-Pacific.

Japan is projected to exhibit remunerative growth during the forecast period, 2019–2026. Key players in the region are engaged in manufacturing brake systems that can reduce the amount of pedal pressure required for braking and consequently, supplant the existing mechanical vacuum brake booster systems. Considering the electric vehicle revolution, affluent players in the electric brake booster market are developing products at a high rate, particularly suited for electric and hybrid vehicles.

Southeast Asia is projected to witness positive growth in the market. After eliminating auto duties in the year 2017, several Southeast Asian countries are finding ways to protect their emerging car industries from imports of automotive components. In 2017, the aggregate new car sales increased by 5% in Singapore, Indonesia, Thailand, Vietnam, the Philippines, and Malaysia, and the total number of units sold were around 3.4 million. Additionally, according to the Federation of Thai Industries (FTI), the Thai automobile market expanded by 13.4 % in 2017.

India is experiencing healthy growth in the electric brake booster market. The Indian automotive industry is growing at the fastest CAGR in the APAC region due to the country’re large population, heavy usage of personal and commercial vehicles, continuously growing demand for hybrid and electric vehicles, and rising disposable income.

Electric Brake Booster Market Regional Analysis
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Top Key Players of Electric Brake Booster Market

  1. Robert Bosch GmbH
  2. ZF Friedrichshafen AG
  3. Continental AG
  4. Hitachi Ltd

Report Scope

Report Metric Details
CAGR 24.96%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Type
    1. Two-Box
    2. One-Box
  2. By Application
    1. EV
    2. HEV/PEV
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM

Electric Brake Booster Market Segmentation

By Type

Two-Box

One-Box

By Application

EV

HEV/PEV

Regions Covered

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific

    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA

    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Electric Brake Booster Market?
Electric Brake Booster Market size will grow at approx. CAGR of 24.96% during the forecast period.
Some of the top prominent players in Electric Brake Booster Market are, Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Hitachi Ltd, etc.
China has been dominating the Electric Brake Booster Market, accounting for the largest share of the market.
The Europe region is projected to exhibit the highest rate of growth in the Electric Brake Booster Market.
The global Electric Brake Booster Market report is segmented as follows: By Type, By Application
Price Starts From
USD 995

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