Electric Parking Brake Market by Vehicle Type, System Type, and Region

Electric Parking Brake Market Overview:

Market definition:… An electronic parking brake (EPB), commonly known as an electric parking brake or electric park brake, is a parking brake that is electronically controlled. The driver initiates the holding mechanism with a button, and the brake pads are electrically applied to the rear wheels. The electronic parking brake, sometimes known as the EPB, is a more modern version of a traditional parking brake or handbrake. The primary function of parking brakes is to prevent the vehicle from moving while parked. Additionally, these brakes are critical in preventing the backward momentum of vehicles that restart traveling on a hill. Parking brakes are often only used on a vehicle's rear wheels.

The report provides drivers which can be used as an advantage, restraints to overcome challenges and potential opportunities for the Electric Parking Brake market. The study analyses the primary adoption trend impacting the Electric Parking Brake industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Electric Parking Brake market, this study provides a full analysis of these trends and obstacles. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Electric Parking Brake market.

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Market Scope:

The report provides an in-depth analysis of the current market and forecasts performance over the forecast period. Our summary report profiles the key criteria of the Electric Parking Brake market to support you in making optimized business decisions. Market Overview provides detailed information on market size, regional share, benchmarking of the market players. The report helps in providing the complete knowledge of Electric Parking Brake market to redefine the business strategies and utilise them to full potential.

The qualitative and quantitative data provided in the Electric Parking Brake market study can help in understanding which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas. It also includes professional and in-depth research on the current situation of the industry by important manufacturers.

Segmentation:

The Electric-hydraulic Caliper Systems segment dominated the electric parking brake market in 2021, accounting for approximately 78% of the market. With the highest growth rate of about 11.8%, the segment is expected to maintain its dominance at the end of the forecast period. The majority of the segment is attributed to a more comfortable and safe driving experience, as well as improved driver and vehicle safety. The cable puller design was popular and is still used, but the caliper-integrated design has gained popularity and will likely be preferred during the forecast period due to its simplicity.

by Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

by System Type

• Cable Pull System
• Electric-hydraulic Caliper Systems

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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

The Report provides insights on what growth strategies are being adopted by  key players such as forming strategic alliances, new product innovation etc. The report provides knowledge about if you are competing not only with companies or with alternate solution. The report helps in understanding pricing of the competitors in the Electric Parking Brake market to analyse and create pricing strategy accordingly.

Regional Analysis:

The report shows detailed impact of COVID-19 on Electric Parking Brake market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Electric Parking Brake market during this crisis. In addition, report offers a set of concepts, which is expected to aid the decision and to plan a strategy for business. The research offers market size, growth rate, and country-level data, as well as demand and supply aspects that influence worldwide Electric Parking Brake market growth in different nations.

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Key Questions answered in the Electric Parking Brake Market Report are:

• Which product segment grabbed the largest share in the Electric Parking Brake market?
• How is the competitive scenario of the Electric Parking Brake market?
• Which are the key factors aiding the Electric Parking Brake market growth?
• Which region holds the maximum share in the Electric Parking Brake market?
• What will be the CAGR of the Electric Parking Brake market during the forecast period?
• Which application segment emerged as the leading segment in the Electric Parking Brake market?
• Which are the prominent players in the Electric Parking Brake market?
• What key trends are likely to emerge in the Electric Parking Brake market in the coming years?
• What will be the Electric Parking Brake market size by 2029?
• Which company held the largest share in the Electric Parking Brake market?