Electric Parking Brake Market to Observe around 9.77% CAGR During 2023-2030

Global Electric Parking Brake Market was valued at USD 9.08 billion in 2021 and is expected to reach USD 17.45 billion by the year 2028, at a CAGR of 9.77%.

The “Electric Parking Brake Market Analysis to 2030” is a specialized and in-depth study of the Electric Parking Brake industry with a focus on the Electric Parking Brake market trend. The report aims to provide an overview of the Electric Parking Brake market with detailed market segmentation by component, application, end-user, and geography. The Electric Parking Brake market is expected to witness high growth during the forecast period. The report includes key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Players Covered in Electric Parking Brake Market:

ZF, Continental, Chassis Brakes International, Küster, Aisin, Mando, Hyundai Mobis, Zhejiang Libang Hexin

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Market Segmentation:

By Type

•          Caliper Integrated EPB
•          Cable Puller EPB

By Application 

•          Sedans
•          SUVs
•          Others

 Electric Parking Brake Market Regional Analysis/Insights:

•              North America (U.S., Canada, Mexico)
•              Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•              Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western

Europe)

•              Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•              Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•              South America (Brazil, Argentina, Rest of SA)

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Global electric market is expected to grow at moderate CAGR in European region, due to relatively high adoption of electric parking brake technology in the region. In Americas region, investments in new auto factories in Mexico and developing auto ancillary business are providing firm potential for supply of electric parking brake components. Consequently adoption of electric parking brake technology is expected to witness significant growth in the region. Sales of automotive in U.S. are expected to remain stagnant for coming few years. Middle East and Africa, a laggard in this technology, is likely to observe strong and consistent automobile sales growth and thus, electric parking brake market is anticipated to grow at significant rate in the region. In Asia Pacific region adoption of this technology is increasing significantly. China, being one of the prominent auto market is expected to boost annual automobile sales with installation of electric parking brakes.

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