Global Electric Parking Brake Market By Type (Electric-hydraulic Caliper Systems, and Cable-pull Systems), By Application (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Electric Parking Brake Market By Type (Electric-hydraulic Caliper Systems, and Cable-pull Systems), By Application (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Electric Parking Brake Market by Product Type (Electric-hydraulic Caliper Systems, Cable-pull Systems), By Application (Sedan, SUVs, Others), and by Region -Global Forecast to 2030, which offers a holistic view of the global electric parking brake market through systematic segmentation that covers every aspect of the target market.

The global electric parking brake market is projected to be US$ 6106.5 Mn in 2020 to reach US$ 10517.8 Mn by 2030 at a CAGR of 5.7%.

Electric Park Brakes are used on passenger vehicles to hold the vehicle stationary on grades and flat roads. This was traditionally carried out using a manual parking brake. In an Electric Parking Brake system, the driver activates the holding mechanism with a switch and the brake pads are then electrically applied onto the rear brakes. There are two mechanisms that are used in the electric parking brake systems, one is cable puller systems and the other is caliper integrated systems.

Increasing adoption of automation technologies in vehicles and rising concern about road safety are expected to fuel growth of the target market.


Global Electric Parking Brake Market Revenue (US$ Mn), 2021 to 2030


Integration of EPB in small cars is expected to help in increasing the reach of the product and Usage of EPB aids in weight reduction that leads to fuel saving; this factors expected to fuel growth of the target market.

High prices and lesser penetration of the product may hinder the growth of the target market.


Global Electric Parking Brake Market by Formulation, 2018


Electric-hydraulic Caliper System accounts for the majority share in the global electric parking brake market.

On the basis of region, the market is segmented into United States, China, Europe, Japan, Southeast Asia, India, South America and Rest of the World. The Europe accounts for the majority share in the global electric parking brake market, followed by US.

The research report on the global electric parking brake market includes profiles of some of major companies such as ZF Friedrichshafen AG, Continental Aktiengesellschaft, Kuster Holding Gesellschaft Mit Beschrankter Haftung, DURA Automotive Systems, LLC, Mando Corporation, Wuhu Bethel Automotive Safety Systems Co., Ltd, Zhejiang Libang Hexin Intelligent Braking System Co. Ltd., Aisin Seiki Co., Ltd., Hyundai Motor Company etc.



Below are the active patents related to Electric Parking Brake Market.


Patent Number: US8370039B2

Electric parking brake having a control element for switching into a service mode

Abstract

During service and repair work on an electric parking brake (1) of a motor vehicle, there is the problem that, in order to switch into a service mode in which the parking brake (15) can be completely opened, in order for example to be able to exchange a brake cable, a special diagnosis unit must generally be used. A diagnosis unit of this type is however not always available in workshops. It is therefore proposed to carry out the switch into the service mode of the electric parking brake (1) with at least one control element (2,2 a) of the motor vehicle. Here, it is provided that, for safety reasons and in order to avoid an undesired switch into the service mode, the actuation of the at least one control element (2, 2 a) must take place according to a predefined input procedure.

Application File Date: 2007-01-10

Application Granted Date: 2013-02-05

Current Assignee: Continental Automotive GmbH

Patent Number: CN104129385A

Electronic parking brake system

Abstract

An electronic parking brake system. Disclosed is an electronic parking brake (EPB) system including an EPB actuator, having a motor, to operate the motor to generate parking brake force with respect to a wheel. The EPB system includes a test device connected to the EPB actuator to test a function, performance, or breakdown of the EPB actuator. The test device includes a connection cable provided at one side of a main body of the test device such that the connection cable is electrically connected to the EPB actuator, a diagnosis switch provided at a front of the main body to allow a user to input a diagnosis command for the EPB actuator, a diagnosis lamp provided at the front of the main body to indicate whether the EPB actuator has broken down, and a battery mounted in the main body to supply power for diagnosis to test the EPB actuator. When the diagnosis switch is in an input state, the test device supplies power from the battery to the EPB actuator to diagnose whether the EPB actuator is abnormal, and the diagnosis lamp is turned on or off based on the diagnosis result.

Application File Date: 2014-04-30

Application Granted Date:2017-01-11

Current Assignee: Mando Corp

Patent Number: US20090208281A1

Connecting device of parking cable for electric parking brake

Abstract

Disclosed is a connecting device of a parking cable for an electric parking brake, which connects an actuator for the electric parking brake with a parking cable. The connecting device includes a connector and a reaction force member. The connector includes a small diameter section having one side into which an outer peripheral surface of the parking brake is inserted, a large diameter section that extends from the small diameter section to have a diameter larger than that of the small diameter section, an axial cutout slit axially formed through upper and lower surfaces of an outer peripheral portion of the large diameter section such that protrusions circumferentially protruding from the actuator are inserted into the axial cutout slit through the large diameter section, a circumferential cutout slit that extends from an inner end of the axial cutout slit in a circumferential direction, and a cutout groove that axially extends from the circumferential cutout slit. The reaction force member is inserted into the large diameter section to press the protrusions such that the protrusions are seated in the cutout groove through the axial cutout slit and the circumferential cutout slit. According to the connecting device, the assembly work is facilitated, so the assembly efficiency can be improved and connection work using the connector can be easily performed.

Application File Date: 2009-02-06

Application Granted Date: 2012-06-12

Current Assignee: Mando Corp

Key Market Segments

By Type

  
Electric-hydraulic Caliper Systems
  
Cable-pull Systems

By Application

  
Passenger Cars
  
Light Commercial Vehicles
  
Heavy Commercial Vehicles


Key Market Players included in the report:


  
Aisin Seiki Co.Ltd. (Japan)
  
Akebono Brake Industry Co.Ltd.
  
Allegro Micro Systems LLC
  
APG
  
Brembo S.p.A.
  
Continental AG (Germany)
  
DURA Automotive Systems (US)
  
Electric Mobility Controls
  
HELLA GmbH & Co. KGaA,
  
Hitachi Automotive Systems
  
Hyundai Mobis Co.Ltd. (South Korea)
  
KUster Holding GmbH (Germany)
  
Mando-Hella Electronics Corp. (South Korea)
  
Robert Bosch GmbH
  
Sanken Electric Co.Ltd.
  
SKF Group (Sweden)
  
Storage Corporation
  
Svenska Kullagerfabriken AB (Sweden)
  
TBK Co.Ltd. (Tokyo)
  
Toshiba Electronic Devices
  
TRW
  
WABCO
  
Wuhu Bethel Automotive Safety Systems Co.Ltd (China)
  
ZF Friedrichshafen AG (Germany)
  
ZF TRW (US)
  
Zhejiang Wanchao Electric Appliance Co.Ltd. (China)


Below are the key development related to Electric Parking Brake Market in 2020 and 2021.


July 2021: Cambridge scooter startup takes on Silicon Valley giants. As cars crowd back onto the roads this summer, the search for ways to ease the traffic crunch is heating up again. A Cambridge startup, Superpedestrian, may have part of the answer: electric scooters for rent. Flush with $60 million it raised from venture capitalists in December, the spinoff from MIT’s Senseable City Laboratory is rapidly expanding the scooter rental service it started last year. By the end of July, its chunky green and grey Link scooters will be available in 40 cities, including Hartford, Cleveland, and Seattle in the United States and Lisbon, Stockholm, and Vienna in Europe. Superpedestrian’s scooters, packed with sensors, GPS, and a cellular connection, don’t need to be parked in a dock. Instead, the company scatters them around cities in convenient locations. Riders can download an app, scan a QR code on a scooter, then zip off at speeds up to 15 miles per hour and park on the sidewalk when finished. Trips typically run one or two miles and cost a few dollars. Superpedestrian also programs the scooters to limit where they can and cannot drive, or even create slow zones with a reduced top speed. Source

October 2020: Hitachi Automotive Systems Has New Automated Parking Brake. New system especially suited for pickups, SUVs and light commercial vehicles. Hitachi Automotive Systems, Ltd. is introducing a new heavy-duty automated parking brake (APB HD) especially designed for pickup trucks, vans, SUVs and light commercial vehicles. Developed by the companys Brake Business Unit in Europe, the new brake system already has gone into production in North America and Europe. Several Hitachi Automotive Systems customers will introduce the new brake system on new vehicles in September in Europe and October in North America. The brake system will go into production in the Asia-Pacific region in 2021.Automated parking brakes account for more than 25 percent of the global market for parking brakes and their popularity continues to grow. With its acquisition last year of Chassis Brakes International, Hitachi Automotive Systems is now the third largest supplier of automated parking brakes worldwide based on the companys analysis of the market. Source

October 2020: Hitachi Automotive Intros New Auto Parking Brake. Hitachi Automotive Systems, Ltd. is introducing a new heavy-duty automated parking brake (APB HD) especially designed for pickup trucks, vans, SUVs and light commercial vehicles. Developed by the company’s Brake Business Unit in Europe, the new brake system already has gone into production in North America and Europe. Several Hitachi Automotive Systems customers have introduced the new brake system on new vehicles in September in Europe and October in North America. The brake system will go into production in the Asia-Pacific region in 2021. Source