The global automotive vacuum brake booster market reached a value of USD 316.1 million in 2023 and is expected to grow at a CAGR of 7.4% during the forecast period. The market is projected to expand from USD 333.5 million in 2024 to USD 680.9 million by 2034.
Camshaft-driven vacuum brake boosters dominate the market, holding the largest value share, and are expected to account for 58.8% of the market by 2034, growing at a CAGR of 6.8%.
The rising installation of brake boosters in modern vehicles, which utilize vacuum-aided brake systems, is expected to drive demand. Additionally, the ability of vacuum brake boosters to enhance vehicle safety is anticipated to further fuel market growth.
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Key Takeaways from Automotive Vacuum Brake Booster Market
- North America holds a significant market share. This could be attributed to the countries like Canada and the US being subject to strict norms by the regulatory bodies regarding implementation of vacuum brake boosters all across North America. The US Department of Energy states that sales of the new-fangled light-duty plug-in vehicles (inclusive of all-electric vehicles and plug-in hybrid electric vehicles) did reach 608K in the year 2021 (as compared to 308K in the year 2020).
- The Asia-Pacific is expected to grow at the fastest rate in the automotive vacuum brake booster market. This could be reasoned with growing demand for various autonomous vehicles in China and India. The start-ups are looking forward to safeguard the market in the years to come. ARTPARK, in August 2021, did announce plan of setting up the very first test track in India to cater to driverless vehicles in Karnataka.
- Europe is expected to come in as ‘second’ in the years to come on the analogous grounds as North America.
“The key participants are emphasizing on development of cutting-edge products by conduction of extensive research”, – says an analyst from Future Market Insights.
Competitive Arena
- Continental AG has its ‘Generation III Aluminum Booster’ that does feature weight reduction (100% aluminium with reduced thickness of wall) with an ultrashort length of installation. The company claims to supply the vacuum brake boosters in tandem as well as single design, that too, in every needed size. The products are being made available in traditional steel and in ‘lightweight aluminium housing’ versions. Tie rod version does feature weight reduction to a greater extent.
- Brake boosters facilitate reduction with respect to pedal force that should be applied by the driver for achieving the braking effect that is desired. Vacuum brake boosters are known for their optimal braking power and low weight.
Top Key Players
- HELLA GmbH & Co. KGaA
- Johnson Electric Holdings Limited
- AISIN SEIKI Co., Ltd.
- WABCO
- Bosch Limited
- SHW AG
- Continental AG
- Rheinmetall Automotive AG
- DENSO CORPORATION
- Delphi Technologies
What does the Report act as a booster to the market?
- The research study is based on vehicle type (passenger cars, compact cars, mid-sized cars, luxury, SUVs, LCVs (Light Commercial Vehicles), and HCVs (Heavy Commercial Vehicles).
- With growing demand for innovation in vehicle safety systems, the global automotive vacuum brake booster market is bound to grow atrociously in the forecast period.
Key Segmentations
By Vehicle Type:
- Passenger Cars
- Compact Cars
- Mid-Sized Cars
- Luxury
- SUVs
- Commercial Vehicles
- LCVs (Light Commercial Vehicles)
- HCVs (Heavy Commercial Vehicles)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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