Electric Brake Booster Market Size, Trends and Insights By Brake Type (Disc Brake, Drum Brake), By Technology (Electric Brake Booster , Conventional Vacuum Brake Booster), By Type (Single Diaphragm Booster, Dual Diaphragm Booster, Others), By Vehicle Type (Commercial Vehicle, Passenger Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Aisin Seiki Co. Ltd.
- Robert Bosch GmbH
- TRW Automotive
- Hyundai Mobis
- Continental AG
- Mando Corporation
- Others
Reports Description
Stringent government regulations for vehicle safety are bolstering market growth.
According to Custom Market Insights (CMI), The Global Electric Brake Booster Market size was worth around USD 2.3 billion in 2021 and is expected to reach USD 3.6 billion in 2022 and is predicted to grow to around USD 14 billion by 2030 with a compound annual growth rate (CAGR) of roughly 30% between 2022 and 2030. The report analyses the Electric Brake Booster market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Brake Booster market.
Electric Brake Booster Market: Overview
An automotive brake booster is a safety feature that helps with smooth brake activation and reduces the amount of pedal effort needed for stopping. It is put in front of the driver’s knees, under the hood of a car, or on the engine compartment’s firewall. It is a preventive technique used to reduce the likelihood of brake failure, produce an efficient braking system, and provide assistance in the event of panic braking. Additionally, it ensures the car can stop smoothly and decelerate safely.
Electric Brake Booster Market: COVID–19 Impact Analysis
The COVID-19 epidemic caused a decrease in the auto industry, which harmed demand for electric cars, two-wheelers, and three-wheelers. According to the Society of Electric Vehicle Manufacturers, the total number of electric vehicle registrations decreased by 20% in 2021 to 236,802 units from 295,683 in 2020. Electric two-wheelers (E2W), the largest of the three categories, saw a 6% decline in sales. Sales of electric two-wheeler units decreased from 152,000 in 2020 to 143,837 in 2021. 103,000 low-speed E2Ws and 40,836 high-speed E2Ws were sold in 2021.
Electric three-wheelers were most impacted by the outbreak. In 2020, the E3W category sold 88,378 units, a 37% decrease from the 140,683 units sold the year before. The resultant decline in vehicle production also had a significant effect on the market for electric brake boosters.
Electric Brake Booster Market: Growth Drivers
Government support for the adoption of EVs
To provide lightweight and cost-effective solutions, manufacturers are working to create upgraded products without sacrificing performance. The new production aims to create an integrated and compact brake system that can meet current and future demands for high-performance emergency braking assistance, vacuum-free braking, and energy recovery. Modern vehicles now employ electric brakes instead of traditional hand brakes since they bring practical features, including interior aesthetics, space management, and crashworthiness. Electric braking systems also help to reduce power usage and vehicle weight, which suggests that they may soon be a standard feature in new-generation cars.
Stringent safety regulations
The demand for more efficient auto parts has multiplied due to safety recalls involving faulty vehicle components, including seat belts, airbags, and braking systems.
For instance, manufacturers are now more cautious about the development of braking systems due to safety calls from numerous automotive giants, including Fiat, Mazda, Nissan, and Citroen, as well as the call for the failure of the brake booster water shield.
Moreover, over the forecast period, the demand for electric brake boosters is expected to be driven by tight rules and guidelines to make braking components more efficient.
Electric Brake Booster Market: Segmentation Analysis
In our research scope, the Electric Brake Booster market is segmented into brake type, technology, and vehicle type. Based on brake type, the electric brake booster market is segmented into drum and disc brakes. Both drum and disc brakes use friction and heat to halt a moving object, but disc brakes have a much better overall design. To stop wheel movement, disc brakes use a thin rotor and a tiny calliper instead of a metal drum containing all the necessary parts. Because disc brakes displace heat more effectively than drum brakes and stop your automobile far more effectively; as a result, disc brake demand is rising more quickly than drum brake demand.
Based on technology, the conventional vacuum brake booster segment led the market in 2021. The ongoing innovation and improvement in the design of braking systems to ensure the safety of pedestrians and passengers are driving the demand for brake boosters. In addition, the need for more effective braking systems and the expanding vehicle industry have spurred the growth of electric brake boosters.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 2.3 Billion |
| Projected Market Size in 2030 | USD 14 Billion |
| Market Size in 2022 | USD 3.6 Billion |
| CAGR Growth Rate | 30% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Aisin Seiki Co. Ltd., Robert Bosch GmbH, TRW Automotive, Hyundai Mobis, Continental AG, Mando Corporation, Hitachi, Nissin Kogyo, Jilin Dongguang Aowei Brake System Co. Ltd., Zhejiang VIE Science & Technology Co., Wanxiang Group Corporation, BWI Group, FTE automotive Group, APG, Liuzhou Wuling Automobile Industry Co. Ltd, Wuhu Bethel, CARDONE, and Others |
| Key Segment | By Brake Type, Technology, Type, Vehicle Type, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Electric Brake Booster market is estimated to grow annually at a CAGR of around 30% over the forecast period (2022-2030).
- In terms of revenue, the Electric Brake Booster market was valued at around USD 2.3 billion in 2021 and is projected to reach USD 14 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the fixed segment was estimated to witness a high CAGR during 2022-2030.
- By technology segmentation, the conventional vacuum brake booster segment is estimated to hold a larger market share in 2021.
- By type, the single diaphragm booster segment was estimated to hold the maximum market share in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- 2020: Several lubricants for electric vehicles were unveiled by Kluber Lubrication, a unit of the Freudenberg Group, at the Pragati Maidan Auto Expo 2020 – Components (EVs). According to the manufacturer, these specialized lubricants can assist extend and improve EV battery performance, increase parking brake effectiveness, optimize brake booster performance, and assure actuator reliability at temperatures ranging from -65°C to 200°C, resulting in efficient output.
Regional Landscape
The Asia Pacific currently dominates the market and is anticipated to hold a sizable part of the global market over the projection period. The growth is due to the rising automotive brake booster usage rate in vehicle braking systems and the expanding automotive industry in China, India, and ASEAN countries. The Asia Pacific market is projected to dominate demand for brake boosters due to the region’s large number of OEMs and vehicle manufacturing companies. Additionally, the growing demand for electric brake boosters in the area is being driven by China’s burgeoning EV industry. In addition, China’s electric vehicle industry is thriving due to significant expenditures in innovation and charging infrastructure.
Competitive Landscape
Our report offers quantitative and qualitative insights into the Electric Brake Booster market and significant development initiatives adopted by the key players. Further, it provides competitive details and market share analysis. The report also includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
Prominent Players:
- Aisin Seiki Co. Ltd.
- Robert Bosch GmbH
- TRW Automotive
- Hyundai Mobis
- Continental AG
- Mando Corporation
- Hitachi
- Nissin Kogyo
- Jilin Dongguang Aowei Brake System Co. Ltd.
- Zhejiang VIE Science & Technology Co.
- Wanxiang Group Corporation
- BWI Group
- FTE automotive Group
- APG
- Liuzhou Wuling Automobile Industry Co. Ltd
- Wuhu Bethel
- CARDONE
The global Electric Brake Booster market is segmented as follows:
By Brake Type
- Disc Brake
- Drum Brake
By Technology
- Electric Brake Booster
- Conventional Vacuum Brake Booster
By Type
- Single Diaphragm Booster
- Dual Diaphragm Booster
- Others
By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric Brake Booster Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electric Brake Booster Market : snapshot
- Chapter 3. Global Electric Brake Booster Market – Industry Analysis
- 3.1 Electric Brake Booster Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Government support for the adoption of EVs
- 3.2.2 Stringent safety regulations
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Brake Type
- 3.7.2 Market attractiveness analysis By Technology
- 3.7.3 Market attractiveness analysis By Type
- 3.7.4 Market attractiveness analysis By Vehicle Type
- Chapter 4. Global Electric Brake Booster Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric Brake Booster Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric Brake Booster Market – Brake Type Analysis
- 5.1 Global Electric Brake Booster Market overview: By Brake Type
- 5.1.1 Global Electric Brake Booster Market share, By Brake Type, 2021 and 2030
- 5.2 Disc Brake
- 5.2.1 Global Electric Brake Booster Market by Disc Brake, 2022 – 2030 (USD Billion)
- 5.3 Drum Brake
- 5.3.1 Global Electric Brake Booster Market by Drum Brake, 2022 – 2030 (USD Billion)
- 5.1 Global Electric Brake Booster Market overview: By Brake Type
- Chapter 6. Global Electric Brake Booster Market – Technology Analysis
- 6.1 Global Electric Brake Booster Market overview: By Technology
- 6.1.1 Global Electric Brake Booster Market share, By Technology, 2021 and 2030
- 6.2 Electric Brake Booster
- 6.2.1 Global Electric Brake Booster Market by Electric Brake Booster, 2022 – 2030 (USD Billion)
- 6.3 Conventional Vacuum Brake Booster
- 6.3.1 Global Electric Brake Booster Market by Conventional Vacuum Brake Booster, 2022 – 2030 (USD Billion)
- 6.1 Global Electric Brake Booster Market overview: By Technology
- Chapter 7. Global Electric Brake Booster Market – Type Analysis
- 7.1 Global Electric Brake Booster Market overview: By Type
- 7.1.1 Global Electric Brake Booster Market share, By Type, 2021 and 2030
- 7.2 Single Diaphragm Booster
- 7.2.1 Global Electric Brake Booster Market by Single Diaphragm Booster, 2022 – 2030 (USD Billion)
- 7.3 Dual Diaphragm Booster
- 7.3.1 Global Electric Brake Booster Market by Dual Diaphragm Booster, 2022 – 2030 (USD Billion)
- 7.4 Others
- 7.4.1 Global Electric Brake Booster Market by Others, 2022 – 2030 (USD Billion)
- 7.1 Global Electric Brake Booster Market overview: By Type
- Chapter 8. Global Electric Brake Booster Market – Vehicle Type Analysis
- 8.1 Global Electric Brake Booster Market overview: By Vehicle Type
- 8.1.1 Global Electric Brake Booster Market share, By Vehicle Type, 2021 and 2030
- 8.2 Commercial Vehicle
- 8.2.1 Global Electric Brake Booster Market by Commercial Vehicle, 2022 – 2030 (USD Billion)
- 8.3 Passenger Vehicle
- 8.3.1 Global Electric Brake Booster Market by Passenger Vehicle, 2022 – 2030 (USD Billion)
- 8.1 Global Electric Brake Booster Market overview: By Vehicle Type
- Chapter 9. Electric Brake Booster Industry – Regional Analysis
- 9.1 Global Electric Brake Booster Industry Regional Overview
- 9.2 Global Electric Brake Booster Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Electric Brake Booster Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Electric Brake Booster Industry, by Brake Type, 2022 – 2030
- 9.4.1 North America Electric Brake Booster Industry, by Brake Type, 2022 – 2030 (USD Billion)
- 9.5 North America Electric Brake Booster Industry, by Technology, 2022 – 2030
- 9.5.1 North America Electric Brake Booster Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.6 North America Electric Brake Booster Industry, by Type, 2022 – 2030
- 9.6.1 North America Electric Brake Booster Industry, by Type, 2022 – 2030 (USD Billion)
- 9.7 North America Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030
- 9.7.1 North America Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Electric Brake Booster Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Electric Brake Booster Industry, by Brake Type, 2022 – 2030
- 9.9.1 Europe Electric Brake Booster Industry, by Brake Type, 2022 – 2030 (USD Billion)
- 9.10 Europe Electric Brake Booster Industry, by Technology, 2022 – 2030
- 9.10.1 Europe Electric Brake Booster Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.11 Europe Electric Brake Booster Industry, by Type, 2022 – 2030
- 9.11.1 Europe Electric Brake Booster Industry, by Type, 2022 – 2030 (USD Billion)
- 9.12 Europe Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030
- 9.12.1 Europe Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Electric Brake Booster Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Electric Brake Booster Industry, by Brake Type, 2022 – 2030
- 9.14.1 Asia Pacific Electric Brake Booster Industry, by Brake Type, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Electric Brake Booster Industry, by Technology, 2022 – 2030
- 9.15.1 Asia Pacific Electric Brake Booster Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Electric Brake Booster Industry, by Type, 2022 – 2030
- 9.16.1 Asia Pacific Electric Brake Booster Industry, by Type, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030
- 9.17.1 Asia Pacific Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Electric Brake Booster Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Electric Brake Booster Industry, by Brake Type, 2022 – 2030
- 9.19.1 Latin America Electric Brake Booster Industry, by Brake Type, 2022 – 2030 (USD Billion)
- 9.20 Latin America Electric Brake Booster Industry, by Technology, 2022 – 2030
- 9.20.1 Latin America Electric Brake Booster Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.21 Latin America Electric Brake Booster Industry, by Type, 2022 – 2030
- 9.21.1 Latin America Electric Brake Booster Industry, by Type, 2022 – 2030 (USD Billion)
- 9.22 Latin America Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030
- 9.22.1 Latin America Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Electric Brake Booster Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Electric Brake Booster Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Electric Brake Booster Industry, by Brake Type, 2022 – 2030
- 9.24.1 The Middle-East and Africa Electric Brake Booster Industry, by Brake Type, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Electric Brake Booster Industry, by Technology, 2022 – 2030
- 9.25.1 The Middle-East and Africa Electric Brake Booster Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Electric Brake Booster Industry, by Type, 2022 – 2030
- 9.26.1 The Middle-East and Africa Electric Brake Booster Industry, by Type, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030
- 9.27.1 The Middle-East and Africa Electric Brake Booster Industry, by Vehicle Type, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Aisin Seiki Co. Ltd.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Robert Bosch GmbH
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 TRW Automotive
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Hyundai Mobis
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Continental AG
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Mando Corporation
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Hitachi
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Nissin Kogyo
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Jilin Dongguang Aowei Brake System Co. Ltd.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Zhejiang VIE Science & Technology Co.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Wanxiang Group Corporation
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 BWI Group
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 FTE automotive Group
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 APG
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Liuzhou Wuling Automobile Industry Co. Ltd
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Wuhu Bethel
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 CARDONE
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.1 Aisin Seiki Co. Ltd.
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- Aisin Seiki Co. Ltd.
- Robert Bosch GmbH
- TRW Automotive
- Hyundai Mobis
- Continental AG
- Mando Corporation
- Hitachi
- Nissin Kogyo
- Jilin Dongguang Aowei Brake System Co. Ltd.
- Zhejiang VIE Science & Technology Co.
- Wanxiang Group Corporation
- BWI Group
- FTE automotive Group
- APG
- Liuzhou Wuling Automobile Industry Co. Ltd
- Wuhu Bethel
- CARDONE
- Others
FAQs
“Asia Pacific” region will lead the global Electric Brake Booster market during the forecast period 2022 to 2030.
The key factors driving the market are government support for the adoption of EVs and stringent safety regulations.
The key players operating in the Electric Brake Booster market are Aisin Seiki Co. Ltd., Robert Bosch GmbH, TRW Automotive, Hyundai Mobis, Continental AG, Mando Corporation, Hitachi, Nissin Kogyo, Jilin Dongguang Aowei Brake System Co. Ltd., Zhejiang VIE Science & Technology Co., Wanxiang Group Corporation, BWI Group, FTE automotive Group, APG, Liuzhou Wuling Automobile Industry Co. Ltd, Wuhu Bethel, CARDONE.
The global Electric Brake Booster market is expanding growth with a CAGR of approximately 30% during the forecast period (2022 to 2030).
The global Electric Brake Booster market size was valued at USD 2.3 Billion in 2021 and it is projected to reach around USD 14 Billion by 2030.