Technavio Announces Top Nine Vendors in the Global Automotive Brake Booster Market from 2016 to 2020

LONDON

Technavio has announced the top nine leading vendors in their recentglobal automotive brake booster market 2016-2020report. The vendors are identified based on their revenue and market dominance in terms of experience, geographical presence, product portfolio, financials, and R&D.

Competitive vendor landscape

The global automotive brake booster market is highly fragmented and is made up of a large number of vendors. The competitive environment in this market may intensify in step with stringent safety norms and increase in consumer awareness. Dominant automotive economies like Europe, America, and Japan display the highest adoption and growth as most of the vehicles manufactured in these geographies are fitted with brake boosters along with advanced braking system.

“In the passenger car segment, APAC is one of the fastest-growing automobile markets with vibrant economies like China, India, and Japan. The region is witnessing high growth in the automotive brake booster market,” says Siddharth Jaiswal, a lead automotive components analyst from Technavio.

Some of the key automotive brake booster vendors in the world are from the most developed economies like Europe and Japan. They include Bosch, Continental, DENSO, ZF-TRW, and AISIN SEIKI to name a few.

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Top nine vendors in the global automotive brake booster market:

AISIN SEIKI

Established in 1965, AISIN SEIKI is a Japanese corporation headquartered in Kariya (Aichi), Japan. It is a Fortune global 500 company. The company develops and produces components and systems for the automotive industry. The Toyota Group of Companies holds a 30% stake in AISIN SEIKI.

Bosch

Founded in 1886, Bosch is a German multinational engineering and electronics company headquartered in Gerlingen, Stuttgart (Germany). It is the world’s largest supplier of automotive components, with a total revenue of USD 80 billion. Bosch’s core products include automotive components, industrial products, and building products. Automotive components contribute to 60% of the company’s total revenues. It has more than 350 subsidiaries. It is a worldwide company with plants located all over the world, the majority being in Germany.

Continental

Founded in 1871, Continental is a leading German automotive manufacturing company headquartered in Hanover, Germany. The company specializes in tires, brake systems, automotive safety, powertrain, and chassis components. It is structured as five divisions: Chassis and Safety, Powertrain, Interior, Tires, and ContiTech. Continental employs more than 208,000 employees in 55 countries around the world. In 2012, Continental was ranked third in the global automotive parts market.

DENSO

Established in 1949, DENSO is a global automotive components manufacturer headquartered in Kariya, Aichi Prefecture, Japan. It is the leading supplier of advanced automotive technology, systems, and components for major automakers. As of 2015, the company had 146,000 employees in 220 group companies. It is present in 188 locations worldwide. DENSO, being one of the largest global automotive suppliers of advanced technology, systems, and components, is heading toward an automotive strategy where cars have least impact on the environment and drivers have fewer worries about traffic accidents.

FTE automotive

Founded in 1943, FTE automotive is a German automotive manufacturing company that is headquartered in Ebern (Bavaria), Germany. The company is owned by Bain Capital. FTE automotive specializes in areas of drivetrain and brake system applications for the automotive industry. It is one of the leading OEM suppliers for passenger cars and commercial vehicles. In addition to OEM, the company offers an extensive range of spare parts with over 10,200 brake and clutch parts for almost 35,000 vehicle types. The company employs 3,800 employees around the world.

ATE

ATE is pioneer of technical innovation. Its product range comprises high-quality components. The company manufactures mainly wearing parts of brakes and hydraulic components. ATE specializes in full-range of brake system, comprehensive service support-brake center, SGL store system, and training activities.

Cardone

Cardone is the only manufacturer in the world with long-standing mechanical, hydraulic, and electronic parts repair. Founded in 1970 in North Philadelphia, the company now offers over 90 product lines and 46,000 SKUs of automotive hard parts. Cardone specializes in brakes, drivetrain, electronics, fuel/air systems, motors, pumps, and steering.

Dorman

The company is the leading supplier of original equipment dealer “exclusive” automotive and heavy-duty replacement parts, automotive hardware and brake parts, and fasteners to the automotive and heavy vehicle aftermarkets, and a supplier of household hardware and organizational products to mass merchandisers. It designs, packages, and markets over 150,000 different products manufactured to its specifications.

Federal-Mogul

Headquartered in Southfield, Michigan, Federal-Mogul motor parts is headquartered in Southfield, Michigan. The company offers and distributes a broad portfolio of products through more than 20 of the world’s most recognized brands in the global automotive aftermarket, while it also serves vehicle OEMs with products including braking, chassis, and windshield wiper applications. Its product catalog includes brakes, clutch, driveline, engine, filter and chemicals, gaskets and sealing systems, ignition, steering, and suspension systems.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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