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Automotive Brake Booster and Master Cylinder Market Size

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

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Automotive Brake Booster and Master Cylinder Market Size

The global automotive brake booster and master cylinder market size was valued at USD 14.3 billion in 2024 and is projected to grow at a CAGR of 5.3% between 2025 and 2034. The increasing adoption of electric vehicles (EVs) and autonomous vehicles (AVs) is significantly driving the growth of the market. EVs require advanced braking systems, such as electric brake boosters, due to the absence of engine vacuum typically used in traditional braking systems.

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For instance, according to the International Energy Agency (IEA), almost 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. Electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase.

Automotive Brake Booster and Master Cylinder Market Report Attributes
Report Attribute	Details
Base Year:	2024
Automotive Brake Booster and Master Cylinder Market Size in 2024:	USD 14.3 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	5.3%
2034 Value Projection:	USD 22.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Component, Vehicle, Propulsion, Technology, Sales Channel
Growth Drivers:	The rising adoption of EVs and autonomous vehicles Growing awareness about road safety and regulatory mandates for advanced braking systems Technological advancements in innovations such as electric brake boosters Growing vehicle production in emerging markets
Pitfalls & Challenges:	High cost of advanced technologies Market saturation in developed economies

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These systems enhance energy efficiency and integrate seamlessly with electric powertrains. Similarly, AVs, which rely on highly responsive braking systems for safety, are fueling the demand for more advanced and precise brake boosters and master cylinders. As the need for improved vehicle safety, performance, and integration with autonomous technologies rises, the market for advanced braking components continues to expand, especially with the global shift towards EVs and AVs.

Moreover, increased awareness of road safety and stringent regulatory mandates are driving the growth of the automotive brake booster and master cylinder market. As consumers become more safety-conscious, the demand for vehicles equipped with advanced braking technologies, such as electronic brake boosters and anti-lock braking systems (ABS), is rising.

Governments worldwide are enforcing stricter safety regulations, requiring the integration of these systems in both new vehicles and retrofits. These mandates ensure higher safety standards, reducing accidents and fatalities. Consequently, automakers are adopting advanced braking solutions, fueling market growth. This trend is particularly strong in regions like North America, Europe, and parts of Asia-Pacific, where regulatory compliance is a major focus.

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.