Global Electric Parking Brake Market Growth, Size, Share, Opportunities, Industry Analysis & Forecast to 2029

Global Electric Parking Brake Market size was valued at USD 1.78 Bn. in 2021 and the total Electric Parking Brake revenue is expected to grow at a CAGR of 12.0% from 2022 to 2029, reaching nearly USD 4.41 Bn.

Electric Parking Brake Market Overview:

The Maximize Market Research report on Electric Parking Brake market covers recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Market research of Electric Parking Brake market covers current and future trends that are driving the development of the market.

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Regional Analysis:

In the regional and country sections of the Electric Parking Brake market analysis, individual market impacting factors and changes in market regulation that impact current and future market trends are also discussed. Consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and downstream and upstream value chain analysis are some of the major indicators used to forecast market conditions for each country. This research covers North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, and Korea, ASEAN countries, rest of APAC, South America, Brazil, Middle East and Africa.

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.

Electric Parking Brake Market 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

More than fifteen significant market participants from various regions are featured in the Electric Parking Brake report. In contrast, when studying the market and estimating its size, the report took into account all industry leaders, followers, and new entrants with investors. The Electric Parking Brake report also includes recommendations for a future hot spot in the Asia Pacific region. The impact of major countries' manufacturing policies on demand is discussed in this report.

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Global Electric Parking Brake Market research report offers:

• The global Electric Parking Brake market is defined, as well as the examination of several affecting elements such as drivers, restraints, and opportunities.
• Porter's Five Force Analysis and SWOT analysis are used to define, characterize, and analyse the market competition landscape, with a focus on global main manufacturers.
• Several types available for the product’s application have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.
• Extensive analysis into the global Electric Parking Brake competitive landscape
• Identification and analysis of micro and macro elements that influence and will influence market growth.
• A complete list of major market players in the global Electric Parking Brake industry.
• In the global Electric Parking Brake market, it provides a descriptive study of demand-supply chaining.
• Estimation of the market size along with historic and forecasted trend analysis.
• Figures, charts, graphs, and illustrations are used to clearly describe the market.

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