Expanded Electric Brake Booster Market Predicted to Achieve USD 25.95 Billion by 2033
The electric brake booster market is poised for significant growth in the coming years, with the Asia Pacific region leading the charge. This region, known for its strong automotive production capabilities and stringent safety regulations, holds a dominant market share of 43.1%, valued at approximately USD 1.98 billion in 2024.
The market's expansion is driven by several factors, including the increasing emphasis on energy efficiency and sustainability, the shift towards electrification in the automotive industry, and the integration of advanced driver-assistance systems (ADAS). The Asia Pacific region's growing preference for fuel-efficient vehicles, coupled with rising disposable incomes and urbanization in countries like India and China, further support the adoption of electric brake boosters.
Key players in the global electric brake booster market for 2024 include Aisin Seiki Co. Ltd., Robert Bosch GmbH, TRW Automotive, Hyundai Mobis, Continental AG, Mando Corporation, Hitachi, Nissin Kogyo, Jilin Dongguang Aowei Brake System Co. Ltd., Zhejiang VIE Science & Technology Co., Wanxiang Group Corporation, BWI Group, FTE automotive Group, APG, Liuzhou Wuling Automobile Industry Co. Ltd, Wuhu Bethel, CARDONE.
Notable developments in the market include BorgWarner Inc.'s acquisition of Eldor Corporation S.p.A.'s Electric Hybrid Systems (EHS) business for €75 million in 2023. IHI Corporation, not BorgWarner Inc., was the company that signed this contract.
The market for electric brake boosters is also influenced by the shift towards battery electric vehicles (BEVs), which currently dominate the market with a 50.1% share. There is a rising trend toward integrating electric brake boosters with ADAS, making them essential components in electric and hybrid vehicles for efficient energy use and braking control.
The market's compound annual growth rate (CAGR) is a robust 18.90% from 2024 to 2033, indicating a promising future for the electric brake booster industry. The Global Electric Brake Booster Market is projected to reach USD 25.95 billion by 2033.
In the segment breakdown, the Hydraulic Pump segment holds a 47.3% market share, while the Vacuum Booster leads the market with a 61.3% share.
Companies like Brembo continue to push for innovation in the automotive industry, expanding their product offerings for the aftermarket in 2024. ZF also secured a significant business deal in the brake-by-wire technology sector in 2025.
In conclusion, the electric brake booster market is set to maintain its leading position throughout the forecast period, driven by technological advancements and the shift towards electrification in the automotive sector. The future remains promising for this industry, underpinned by the continued growth of the global automotive sector and the ongoing transition to greener, more energy-efficient transportation solutions.
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