Global Electric Parking Brake Market: Executive Summary on Trends, Latest Developments, Growth Drivers & Risks, Favourite Brands, and Regional Leaders Overview (Includes Business Impact of COVID-19)

                                          
“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 2028.”, 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$ 5,465.7 Mn in 2018 to reach US$ 9,414.1 Mn by 2028 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), 2018–2028

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.
Key Market Segments:
Type

Electric-hydraulic Caliper Systems
Cable-pull Systems

Application

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Key Market Players included in the report:

TRW
KUSTER
Continental
DURA
AISIN
Mando
SKF
Hyundai Mobis
Wuhu Bethel
APG
Zhejiang Wanchao


Key Insights Covered: Global Electric Parking Brake  Market

1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Electric Parking Brake  industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Electric Parking Brake  industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Electric Parking Brake  industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Electric Parking Brake  industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Electric Parking Brake  industry.

Research Methodology: Global Electric Parking Brake  Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.