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Electric Vacuum Break Booster Market Share

Report ID: GMI11685
Published Date: Oct 2024
Report Format: PDF

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Electric vacuum break booster Company Market Share

Electric Vacuum Brake Booster Market Company Share, 2023

Robert Bosch, Hyundai, and Nissin Kogyo (Hitachi) collectively held a substantial market share of over 18% in the electric vacuum break booster industry in 2023. Robert Bosch, Hyundai, and Nissin Kogyo (Hitachi) hold significant share of the electric vacuum brake booster market due to several factors. These firms have secured significant market shares due to their extensive automotive technology expertise, strong manufacturing capabilities, and substantial investments in research and development.

Robert Bosch, a global leader in automotive components, utilizes its long-standing experience in braking systems and innovation to produce high-quality EVBB solutions. These products are designed to meet the changing needs of the automotive industry. Bosch's reputation for reliability and performance has established them as a preferred supplier for numerous automakers.

Hyundai has established a strong position in the Electric Vehicle Brake Booster (EVBB) market through significant investments in electrification and advanced braking technologies. The company's focus on developing electric and hybrid vehicles aligns with the benefits of EVBBs, allowing for effective integration into new models and improved vehicle performance and safety.

Nissin Kogyo, a well-known brake system manufacturer, leverages its engineering expertise and automotive industry partnerships to maintain a competitive edge. As a part of Hitachi, the company has access to advanced technologies and resources, enabling rapid innovation and adaptation to market changes. Both Hyundai and Nissin Kogyo utilize their market positions, technological capabilities, and quality standards to secure significant shares in the expanding EVBB market. Their collaborations with automotive manufacturers further strengthen their influence in shaping the future of braking technology within the industry.

Electric Vacuum Break Booster Market Companies

Major players operating in the electric vacuum break booster industry are:

Aisin Corp
Cardone SA
Cohline GmbH
Continental AG
Delphi Technologies
Hyundai Mobis
Infineon Technologies AG
Knorr-Bremse AG
Magneti Marelli
Mando Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric vacuum brake booster reached USD 2 billion in 2023 and is set to grow at a CAGR of 13.9% from 2024 to 2032, driven by the increasing adoption of electric and hybrid vehicles.

In 2023, the passenger cars segment accounted for over 60% of the market share and is expected to exceed USD 3.5 billion by 2032, due to the increasing need for advanced braking systems that improve safety and performance.

The OEM segment held around 74% of the market share in 2023, attributed to the well-established relationships and supply chains between automotive manufacturers and their component suppliers.

The U.S. market accounted for 74% revenue share in 2023 and is expected to exceed USD 4.5 billion by 2032, led by advanced technology and significant investment in research and development in the automotive industry.

Leading companies in the market include Aisin Corp, Cardone SA, Cohline GmbH, Continental AG, Delphi Technologies, Hyundai Mobis, Infineon Technologies AG, Knorr-Bremse AG, Magneti Marelli, and Mando Corporation.