Driving Efficiency and Safety: Exploring the Electric Parking Brake Market

The Global To Be At The Apex Of Electric Parking Brake Market

Persistence Market Research published a report on the electric parking brake market. The report includes the global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report studies the global electric parking brake market and offers an in-depth analysis for the next ten years. The report also covers forecast factors and macroeconomic factors that are anticipated to drive the growth of the global electric parking brake market. The report on the electric parking brake market also discusses latest trends and potential opportunities in the market across the value chain, along with restraints that are expected to hamper the growth of the market.

The global electric parking brake market was valued at ~ US$ 830 Million in 2014, and is expected to exceed US$ 1.2 Billion by the end of 2019, and CAGR of ~ 12% between 2019 and 2029, and is estimated to reach a global value of ~ US$ 4.2 Billion by the end of 2029.

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FACTS AT A GLANCE

Companies: Continental AG, Hyundai Mobis, SKF Group, Aisin Seiki Co., Ltd., Akebono Brake Industry Co., Ltd., Hitachi, Ltd., Brembo S.p.A., Robert Bosch GmbH, Sanken Electric Co., Ltd., ZF Friedrichshafen AG, Shougang Group Co., Ltd., Toshiba Corporation,  HELLA GmbH & Co. KGaA, and DURA Automotive Systems.

Coverage: All major geographies and key segments

Segments: Electric Parking Brake Market Segmented By Electric-Hydraulic Caliper Systems, Cable-Pull Systems Product with Passenger Cars Vehicle, Light Commercial Vehicles, Heavy Commercial Vehicles

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia, Asia-Pacific (China, India, ASEAN, South Korea), Japan, Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Persistence Market Research (PMR) has published a research report on the global electric parking brake market, which serves as summarization of the potential growth of the market. PMR’s extensive study provides readers with a detailed explanation on the market dynamics, including the trends and avenues of growth for various stakeholders through the forecast period of 2019 – 2029. The study offers complete analysis of various market dynamics that are influencing the growth of the electric parking brake market. It also provides accurate qualitative as well as quantitative judgment on the future growth of the market.

This study includes insights about the factors that are influencing the expansion of electric parking brakes industry, including world GDP indicators and other macro and micro economic factors that are driving or hindering market growth. Thus a comprehensive analysis on the demand, as well as the pricing of electric parking brake has been presented in a detailed manner in the PMR study.

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Information represented in the study on the electric parking brake market can help stakeholders including manufacturers, retailers, suppliers and distributors adopt favorable strategies. Readers can also find an assessment on how the demand for electric parking brake is changing trends across various end-use industries in PMR’s study. This study also offers key takeaways about the global as well as regional markets for electric parking brake, which can help decision-makers in the market to construct strategies for the coming years.

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