Global Electric Parking Brake Market Size, Status, Top Players, Trends and Forecast to 2029

The report's goal is to present a thorough examination of the market together with perceptive findings, statistical data, historical data, and market information that has been verified by the sector. The market analysis for Electric Parking Brake also looks into how major firms compare to one another in terms of their offerings, costs, financial standing, product portfolios, growth plans, and geographic reach.

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Electric Parking Brake Market Overview:

In order to determine the total size of the Electric Parking Brake Market by country and segments, the report conducted a micro-level analysis of each nation. Using a bottom-up approach, the size of the regional and worldwide markets is estimated. The respected Electric Parking Brake Business Report examines the principal challenges that the sector may face in terms of sales, export, import, or revenue. This market report provides numerous market insights through a thorough investigation of the industry under review. This market research study details the key actions taken by the leading companies and brands, including advancements, product introductions, acquisitions, mergers, joint ventures, and competitive market research. It is an expert and thorough examination of the market's current situation. The large-scale Electric Parking Brake study helps to concentrate on the important components of the market, such as what the most current market trends are or what the consumer buying habits are.

Market Scope:

Using each primary and secondary study approaches, we researched the Electric Parking Brake Market from each viewpoint. This helped us benefit a higher knowledge of contemporary marketplace dynamics which include supply-call for imbalances, pricing traits, product preferences, client habits, and so on. The statistics is then compiled and analysed the use of quite a number marketplace estimation and statistics validation techniques. This Electric Parking Brake market study covers import and export consumption, supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits.

Electric Parking Brake Market Segmentation

According to System Type, the Electric-hydraulic Caliper Systems sector commanded a 78% market share in 2021 and dominated the market for electric parking brakes. At the end of the forecast period, the category is anticipated to continue to dominate with the greatest growth rate of almost 11.8%. The most significant market share is attributable to the comfortable and secure driving environment and increased driver and vehicle safety. The caliper-integrated design has grown in popularity and is probably going to be chosen during the projected period despite the fact that the cable puller design was well-liked and is still in use.. Since it is equipped with an additional electric motor that operates the electronic parking brake by delivering pressure to the pistons via a transmission, placing pressure on the brake pads and discs, the EPB brake calliper doubles as the EPB's central component. The parking brake is consequently integrated into the EPB brake calliper, saving space.

The caliper-integrated design incorporates a bidirectional electric motor in each calliper. With the help of an electric motor, the calliper piston is mechanically forced out to create the required clamping force on the rotor. The majority of systems would use a little electric motor and a gear reduction drive to generate the necessary force. The caliper-integrated EPB design configuration has a number of benefits. Brake wires, along with the related hardware and packaging, are no longer required. Because only one hydraulic is needed, the process of making cars is also made simpler. Automakers are increasingly putting caliper-integrated electronic parking brakes in their vehicles as a result of these advantages. As a result, sector revenue increases during the course of the anticipated year.

Electronic parking brakes are progressively taking the place of mechanical hand brakes in order to meet growing demands for safety, comfort, and networking. Electric-hydraulic Caliper allows automakers more creative freedom and options for inside vehicle design in addition to improving consumer safety and comfort. In theory, the Electric Parking Brake replaces the hand brake lever's mechanical activation with an electronic switch and electromechanical actuators that generate the necessary clamp forces. In turn, this will fuel the segment's growth since demand for electric hydraulic callipers is anticipated to increase during the forecast period.

Electric Parking Brake Key Players 

• Hyundai Mobis
• SKF Group
• Aisin Seiki Co., Ltd.
• Akebono Brake Industry Co., Ltd.
• Hitachi, Ltd.
• Toshiba Corporation
• Brembo S.p.A.
• Robert Bosch GmbH
• Sanken Electric Co., Ltd.
• ZF Friedrichshafen AG
• Shougang Group Co., Ltd.
• HELLA GmbH & Co. KGaA
• Dura Automotive Systems
• TRW Inc.
• KUSTER Holding GmbH
• Continental AG
• DURA Automotive Systems
• Aisin Corporation
• Mando Corporation
• AB SKF
• Hyundai Mobis
• Wuhu Bethel
• APG
• Zhejiang Wanchao
• Mando

Regional Analysis:

On the basis of geography, the Electric Parking Brake market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.

This analysis helps those who use the report to evaluate the market for Electric Parking Brake based on a number of factors including economies of scale, switching costs, brand loyalty, current distribution channels, capital investment, manufacturing rights and patents, government regulations, advertising impact and impact on The impact of consumer preferences. Key decision-makers in the industry should benefit from these condensed figures in their deliberations.

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