Commandité

Automotive Vacuum Brake Booster Industry Set to Hit USD 680.9 Million by 2034, with a CAGR of 7.4%

0
2KB

The global automotive vacuum brake booster industry 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.

Key Takeaways from Automotive Vacuum Brake Booster Industry

  • 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.

In-Depth Market Analysis: A Complete Report

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 Industry ?

  • 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.
Commandité
Rechercher
Commandité
Catégories
Lire la suite
Autre
Mobile-Responsive Website Designing Company Near Me
In today’s fast-paced digital world, your website is the face of your business. Whether...
Par marketingviadigital1 2025-03-27 12:23:17 0 1KB
Autre
Variable Data Printing Labels Market, Insights, Growth and Investment Feasibility Till 2032
Variable Data Printing Labels Market Overview Variable Data Printing Labels Market Size was...
Par davidblogs30 2024-09-05 10:34:11 0 2KB
Health
Medicated Wipes Market Forecast, Latest Innovations, Business Opportunities and Competitive Landscape
The medicated wipes market has witnessed substantial growth in recent years, driven by increasing...
Par akshada 2023-12-21 08:07:27 0 4KB
Autre
How to Choose the Best CPA Networks for Your Campaigns
In the fast-paced world of affiliate marketing, choosing the right CPA (Cost Per Action) network...
Par KrilloilsupplementsinPakistan 2024-10-21 17:20:11 0 2KB
Autre
What Are The Steps Involved In Selling A House?
Selling a house can seem like a daunting task, but breaking it down into manageable steps makes...
Par fabiancaldwell 2025-01-04 05:11:50 0 1KB
Commandité
google-site-verification: google037b30823fc02426.html