About Electric Brake Booster
Electric Brake Booster, a brake system that is assisted by an electric motor, and as a new approach replaces the conventional vacuum booster with a motor that works on the master cylinder plunger to add force when a driver presses the brake pedal. The booster makes hybrid and electric vehicles even more efficient while enhancing safety through shorter braking distances. With the enhancement of technology, newly introduced electric brake boosters are directed towards making the brake booster suitable for the forthcoming trend of electric and hybrid electric vehicles
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 26.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and German Vendors will contribute the maximum growth to Global Electric Brake Booster market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bosch (Germany), Continental AG (Germany), HITACHI (Japan), General Motor (ACDelco) (United States), Ford Motor Company (United States), FTE automotive GmbH (Germany), Aisin Seiki (Japan), Bendix Corporation (United States) and CARDONE Industries (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Crown Automotive (United States), STMicroelectronics (Switzerland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Electric Brake Booster market by Type (One-Box and Two-Box), Application (Electric Vehicle (EV), Heavy Electric Vehicle (HEV)/Plug-in Hybrid Electric Vehicle (PHEV) and Others) and Region.
On the basis of geography, the market of Electric Brake Booster has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Electric Brake Booster market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growth in the Sales of Electric Vehicle in Developed Economies
Market Growth Drivers:
Increasing Demand for Performance and Rising Vehicle Ownership Worldwide and rising concerns about the factors like zero emission, vehicle weight reduction
Challenges:
High Price of Product and Maintenance Cost
Restraints:
Lack of Adoption and Awareness of Electric Brake Boosters in Underdeveloped Economies
Opportunities:
Surging Demand for Enhancing Driver Confort and Passenger Safety and Increasing Demand for Fuel-Efficient, High-Performance, and Low-Emission Vehicles
Market Leaders and their expansionary development strategies
In June 2021,Ford announced it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Electriphi’s team and services will be integrated into Ford Pro a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences.
In January 2021, ZF launches a series of products for the new EV braking system. The latest in ZF brake control solutions will be established as standard in Volkswagen's ID.3 and ID.4 models as well as in Volkswagen Group's globally marketed modular e-drive system MEB platform. With its new brake control, ZF can help to meet high comfort and safety requirements. Furthermore, it optimizes the recovery of braking energy – increasing the range and everyday usability of electric vehicles.
Key Target Audience
Electric Brake Booster OEMs Manufacturers, Raw Material Suppliers, Electric Brake Booster Supplier/Distributor, Electric Brake Booster System/Component Manufacturers, Automobile Organizations/Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.