Electric Brake Booster Market Size, Share, Growth, And Industry Analysis, By Type (Two-Box and One-Box), By Application (BEV, HEV/PHEV and ICE Vehicle), and Regional Forecast to 2028

Updated On: 22 April 2024

Report Overview

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The global electric brake booster market size was USD 3003.3 million in 2022. As per our research, the market is expected to reach USD 13480 million in 2028, exhibiting a CAGR of 28.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the electric brake booster market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

An electric brake booster is a particular kind of brake booster that helps a vehicle's brakes be applied by using an electric motor. The terms electric vacuum pump and electric vacuum booster are also used to describe it. In conventional brake systems, the engine's vacuum is employed to help apply the brakes. In contrast, an electric motor is employed in electric brake accelerators to create the necessary vacuum, which is then utilized to help apply the brakes.

There are various reasons why the market for electric brake boosters is expanding. First off, there is a growing demand for alternative solutions such as electrical brake boosters due to the growing popularity of electric and hybrid vehicles, which may not produce enough suction to power conventional brake boosters. Also, compared to conventional systems, these brake boosters can offer better braking performance and dependability, which makes them a desirable alternative for both vehicle manufacturers and buyers. Furthermore, the market for electric boosters is expanding due to the development of cutting-edge technology and the rising need for safer and more efficient automobiles.

COVID-19 Impact: Growth of Environmental Concerns Gave Rise to Demand for EVs

Demand for electric and hybrid vehicles, which are more efficient and ecologically friendly, had increased, which is one of the key beneficial effects. As individuals had become more aware of their impact on the environment, the pandemic had expedited the shift towards more environmentally friendly modes of transportation. Since electric boosters are crucial parts of electric and hybrid vehicles, this raised demand for them. However, despite the pandemic's primarily negative effects on the world economy, it has helped the market for electronic brake boosters grow by promoting the adoption of more environmentally friendly and effective modes of transportation and raising awareness of their importance.

Latest Trends

"Usage of IBS in the Boosters to Improve Vehicle Safety Overall and Provide More Accurate Control"

The growing use of integrated braking systems (IBS) is one of the newest developments in the electric brake booster sector. The brake booster, master cylinder, and brake control module are all included in the IBS, which unifies several braking parts into a single system. This integrated strategy can increase overall vehicle safety and provides for more precise control over the braking system. Overall, the demand for more effective, dependable, and safe braking systems that can cater to the particular requirements of contemporary automobiles is what is driving these trends in the market for electronic brake boosters.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Two-Box and One-Box

• By Application Analysis

Based on application, the market can be divided into BEV, HEV/PHEV and ICE Vehicle

Driving Factors

"Growing Need for Electric and Hybrid Vehicles is Expanding the Market for the Brake Boosters"

The market for electrical brake boosters is being propelled by the rising popularity of electric and hybrid cars, which need electric brake boosters to help with braking. The development of more electric and hybrid vehicles is being driven by a shift towards more environmentally friendly modes of transportation as a result of growing environmental concerns. The demand for the brake boosters that can deliver dependable and effective braking performance in low-vacuum settings is causing the market for these devices to expand.

"Rising Emphasis on Safety by the Automobile Industry is Growing the Demand for the Electric Brakes"

The electric brake booster market growth is expanding as a result of the automobile industry's increasing emphasis on dependability and safety. When compared to conventional vacuum-powered systems, brake boosters can offer better braking performance and dependability, making them a desirable alternative for both vehicle makers and consumers. The automotive industry's top priorities will likely always be safety and dependability, hence the market for electric boosters is anticipated to expand.

Restraining Factors

"Lack of Regulations and Standards is Limiting the Market for Boosters "

Compared to conventional vacuum-powered braking systems, the adoption of brake boosters is still very limited. This is partially since hybrid and electric vehicles still make up a small share of the overall automobile market, and some automakers have been sluggish to adopt these technologies due to their higher price tags. Lack of regulation and standards for electric brake boosters is another limiting factor, which can make it challenging for producers to create and market their goods. Also, this may make it more challenging for customers to evaluate and select among different electrical brake booster systems, which may restrict the adoption of these systems.

Regional Insights

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"Presence of Top Automobile Manufacturers is Driving the Regional Market"

Asia Pacific is home to many of the top automobile producers in the world, which has fueled the region's electric brake booster market share expansion. The market has expanded as a result of the investments made by these manufacturers in the research and development of cutting-edge braking systems to enhance the performance and safety of their vehicles. In addition, electronic brake boosters are becoming more and more common in current cars, especially those with hybrid or electric powertrains that might not provide enough vacuum to operate the brake booster.

Key Industry Players

"Key Players Focus on Product Innovations to Remain Competitive in the Industry"

Manufacturers of electric brakes are always coming up with new ways to enhance their products' functionality, lower their costs, and conform to shifting legal requirements. They are able to remain competitive thanks to this.  Manufacturers of the brake boosters also spend money on marketing and advertising initiatives to promote their brands and goods. This could aid them in gaining more clients and expanding their market share.

List of Market Players Profiled

• Bosch (Germany)
• ZF (Germany)
• Hitachi (Japan)
• Continental (Germany)
• NASN Automotive (China)
• Trinov (France)
• WBTL (U.S.)

Report Coverage

This report covers the electric brake booster market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.