Market Size of Automotive Vacuumless Braking Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Vacuumless Braking Market Analysis
The automotive vacuumless braking market was valued at USD 2.85 billion in the current year and is projected to grow to USD 3.93 Billion by the next five years, registering a CAGR of 5.5% in terms of revenue during the forecast period.
Over the medium term, the major factor propelling the development of brake technology is the demand for weight reduction per wheel for improved efficiency and recovery and dissipation of heat through regenerative braking. The growth in autonomous vehicles that will need intensive smart use of brake and steering technology is expected to positively affect the market.
The emergence of hybrid and electric drives over conventional engines, in addition to driver assistance systems, has the requirement of vacuumless braking solutions for the braking system. The industry is growing due to the increased manufacturing of passenger cars, trucks, buses, and other commercial vehicles. The market value is positively impacted by increasing road conditions and the construction of new ones, as well as expanding infrastructure development initiatives.
The electric-assist braking is supporting the growth of automated driving. As cars are becoming automated, electric brake operates the brakes precisely. An electric boost can form hydraulic pressure more quickly, which in turn is likely to witness major growth for the market during the forecast period.
Automotive Vacuumless Braking Industry Segmentation
Automotive vacuumless braking is a technology that is used to enhance the performance of a vehicle. The automotive vacuumless braking market is segmented into vehicle type, electric vehicle, sales channel, and geography. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on electric vehicles, the market is segmented into battery electric vehicles, plug-in hybrid electric vehicles, and other vehicles. Based on the sales channel, the market is segmented into OEM and aftermarket. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, the market size and forecast have been done based on the value (USD).
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Electric Vehicle Type | |
| Battery Electric Vehicle (BEV) | |
| Plug-in Hybrid Electric Vehicle (PHEV) | |
| Other Electric Vehicle Types |
| By Sales Channel Type | |
| OEM | |
| Aftermarket |
| By Geography | |||||||
| |||||||
| |||||||
| |||||||
|
Automotive Vacuumless Braking Market Size Summary
The automotive vacuumless braking market is experiencing significant growth, driven by the increasing demand for advanced braking technologies that enhance vehicle efficiency and safety. The shift towards hybrid and electric vehicles, along with the rise of autonomous driving, is propelling the need for vacuumless braking solutions. These systems are crucial for reducing vehicle weight and improving heat recovery through regenerative braking. The market is further bolstered by the expansion of infrastructure and the growing production of passenger cars, trucks, and buses. The Asia-Pacific region, particularly China, India, and Japan, is expected to lead the market growth due to rising disposable incomes and increased vehicle manufacturing capabilities.
Key players in the automotive vacuumless braking market, such as Robert Bosch GmbH, Brembo S.p.A., and Continental AG, are investing in research and development to innovate and expand their product offerings. The development of next-generation braking systems, like the iBooster, highlights the industry's focus on enhancing braking performance and compatibility with vacuumless systems. Collaborations and investments in manufacturing facilities, particularly in regions with low production costs, are supporting the market's expansion. As vehicle modernization and safety standards rise, the demand for vacuumless brakes in the aftermarket segment is also expected to increase, further driving market growth.
Automotive Vacuumless Braking Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Industry Attractiveness - Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Vehicle Type
-
2.1.1 Passenger Cars
-
2.1.2 Commercial Vehicles
-
-
2.2 By Electric Vehicle Type
-
2.2.1 Battery Electric Vehicle (BEV)
-
2.2.2 Plug-in Hybrid Electric Vehicle (PHEV)
-
2.2.3 Other Electric Vehicle Types
-
-
2.3 By Sales Channel Type
-
2.3.1 OEM
-
2.3.2 Aftermarket
-
-
2.4 By Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Rest of North America
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 United Kingdom
-
2.4.2.3 France
-
2.4.2.4 Rest of Europe
-
-
2.4.3 Asia-Pacific
-
2.4.3.1 India
-
2.4.3.2 China
-
2.4.3.3 Japan
-
2.4.3.4 South Korea
-
2.4.3.5 Rest of Asia-Pacific
-
-
2.4.4 Rest of the World
-
2.4.4.1 Brazil
-
2.4.4.2 Mexico
-
2.4.4.3 United Arab Emirates
-
2.4.4.4 Other Countries
-
-
-
Automotive Vacuumless Braking Market Size FAQs
What is the current Automotive Vacuumless Braking Market size?
The Automotive Vacuumless Braking Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Automotive Vacuumless Braking Market?
Continental AG, Robert Bosch GmbH, Brembo S.p.A., Aptiv PLC (Delphi) and Hitachi Automotive Systems are the major companies operating in the Automotive Vacuumless Braking Market.
