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Substantial Growth In Production And Sales Provide Positive Outlook To Electric Brake Booster Market

According to the latest study by Fact.MR, the electric brake booster market is expected to show significant growth over the forecast period (2021-2031) and shall surpass net valuation of business to US$ 900 Mn by 2021. Substantial growth in production and sales seems to provide a positive outlook to the overall industry. Moreover, constant demand from the automotive industry is projected to propel the demand over the next decade.

Stringent Safety Regulations to Drive the Market Growth

With increase in safety recalls about faulty auto parts such as seat belts, airbags and brake systems, demand for more efficient auto components has increased multifold.

For instance, safety calls by various automotive giants such as Fiat, Mazda, Nissan and Citroen including the call for the failure of brake booster water shield have made manufacturer more vigilant regarding the development of braking systems.

Moreover, strict regulations and guidelines to make braking components more efficient are projected to drive the demand for electric brake booster over the forecast period.

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Key Segments

By Type

By Electric Vehicle Type

By Sales Channel

By Vehicle Type

By Region

Who are the Key Manufacturers and Suppliers of Electric Brake Booster?

Some of the key players in this industry are

The aforementioned players have mainly relied on organic growth strategies such as product launches to expand their market share. For instance:-

The aforementioned key innovations by leading players will drive the market growth for electric brake booster over the projected forecast period.

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