Press release
Automotive Vacuum Brake Booster Market is exhibit to considerable growth at a CAGR of 7.4% in the forecast period from 2022 to 2032
Automotive Vacuum Brake Booster Market
As per FMI, the automotive vacuum brake booster market is projected to be valued at US$ 346.8 Million in 2032.
The global automotive vacuum brake booster market size is expected to reach US$ 289.1 Million in 2022 and exhibit considerable growth at a CAGR of 7.4% in the forecast period from 2022 to 2032.
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Countries, such as Mexico, Thailand, Indonesia and China, having excessive traffic congestion are estimated to contribute the most to the adoption rate of automotive vacuum brake booster solutions. Continuous braking actuation is required due to the excessive traffic congestion. Automotive vacuum brake booster solutions decrease the probability of braking system failure and ensure the safety in occasional cases of panic braking.
Currently, automotive vacuum brake booster solutions for light motor vehicle category hold the largest market share of the global automotive vacuum brake booster market. The sub-segment is estimated to register the highest growth rate in the global automotive vacuum brake booster market during the forecast period.
Automotive Vacuum Brake Booster: Regional Market Outlook
Strong funding sanctioned by automotive vacuum brake booster integrators and initiatives undertaken by governments of developing countries to ensure road safety and enhance automotive standards are estimated to enable the automotive vacuum brake booster market in South Asia to record the highest growth rate during the forecast period. Currently, the automotive vacuum brake booster market in Western Europe holds the largest market share of the global automotive vacuum brake booster market.
This dominance may be owed to the constant supply and demand for enhanced automotive systems. Growing integration of technologies ensuring road safety is also estimated to propel the automotive vacuum brake booster market in the Western Europe region. Ever-rising demand for consumer comfort in the automotive industry is projected to boost the growth of the automotive vacuum brake booster market in the North America region during the forecast period. However, automotive design related complexities are expected to restrict the growth of the automotive vacuum brake booster markets in all the regions.
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Automotive Vacuum Brake Booster: Market Key Players
Some of the major participants operating in the global automotive vacuum brake booster market include,
AISIN SEIKI Co., Ltd.;
Bosch Limited;
Continental AG;
HELLA GmbH & Co. KGaA;
Delphi Technologies;
DENSO CORPORATION;
Johnson Electric Holdings Limited;
SHW AG;
Rheinmetall Automotive AG; and
WABCO,
Among other automotive vacuum brake booster vendors.
Automotive Vacuum Brake Boosters regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Automotive Vacuum Brake Booster: Market Segmentation
With respect to the vehicle type, the global automotive vacuum brake booster market can be segmented into the following,
Passenger Cars
Compact Cars
Mid-Sized Cars
Luxury
SUVs
Commercial Vehicles
LCVs (Light Commercial Vehicles)
HCVs (Heavy Commercial Vehicles)
Automotive Vacuum Brake Boosters Report Highlights:
Detailed overview of parent market of the Automotive Vacuum Brake Boosters market
Changing Automotive Vacuum Brake Boosters market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments in Automotive Vacuum Brake Boosters
Automotive Vacuum Brake Boosters market competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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