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Automotive Brake Booster and Master Cylinder Market Share

Report ID: GMI12567
Published Date: Dec 2024
Report Format: PDF

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Automotive Brake Booster and Master Cylinder Market Share

Automotive Brake Booster and Master Cylinder Company Market Share, 2024

Hyundai Mobis, Robert Bosch GmbH, and Brembo collectively held a substantial market share of over 15% in the automotive brake booster and master cylinder industry in 2024. Hyundai Mobis focuses on enhancing electronic brake booster technologies for hybrid and electric vehicles by integrating advanced brake systems. The company invests in lightweight materials and compact designs to improve efficiency. Through strategic partnerships with automakers, Hyundai Mobis provides tailored solutions. Additionally, its innovation centers develop software-integrated braking systems to meet the growing demand for autonomous driving and ADAS functionality.

Robert Bosch GmbH emphasizes innovation in brake booster systems, particularly electric vacuum pumps and iBooster technology, tailored for EVs and hybrids. The company prioritizes R&D for regenerative braking integration and energy efficiency. Collaborations with OEMs and global expansion in production capabilities ensure cost-effective, high-performance solutions that align with sustainability goals.

Brembo leverages its expertise in high-performance braking systems to innovate lightweight, durable master cylinders for sports and premium vehicles. The company integrates electronics for enhanced control and focuses on sustainability by incorporating eco-friendly materials. Strategic acquisitions and partnerships strengthen its portfolio, while investments in smart braking technologies align with trends in autonomous and electric vehicles.

Automotive Brake Booster and Master Cylinder Market Companies

Major players operating in the automotive brake booster and master cylinder industry are:

Aisin
Brembo
Continental
DENSO
Hitachi Astemo
Hyundai Mobis
Knorr-Bremse
Magneti Marelli
Robert Bosch
ZF Friedrichshafen

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive brake booster and master cylinder reached USD 14.3 billion in 2024 and is set to grow at a 5.3% CAGR from 2025 to 2034, driven by the increasing adoption of electric and autonomous vehicles.

The vacuum-assisted segment accounted for over 65% of the market share in 2024 and is expected to exceed USD 15 billion by 2034 due to its widespread adoption in passenger and light commercial vehicles, offering an efficient and cost-effective braking solution.

The Asia Pacific market accounted for 40% of the revenue share in 2024 and is expected to exceed USD 9.5 billion by 2034, led by China's dominant position as the world's largest automotive producer and consumer.

The key players in the industry include Aisin, Brembo, Continental, DENSO, Hitachi Astemo, Hyundai Mobis, Knorr-Bremse, Magneti Marelli, Robert Bosch, and ZF Friedrichshafen.