April 18th, 2023
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%.
An electric parking brake is a system used for the vehicle to stop on the flat ground or on the hill from moving. The less components, compact size and easy to handle as compared to the traditional mechanical brake system has an advantage for the electric brake system. Electric parking brake comprises of ECU (electronic control unit), electric switch and actuator mechanism that guarantees optimum brake power and efficiency in operation. Also, it is used in driver support functions such as hill start assist functions. According to the analyst, the major driving factors for the Electric Parking Brake market size 2020 is expected to be USD 8250.62 million due to the strict environment regulations regarding the road and traffic safety there has been an increased adoption for the automated vehicle technology.
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The global Electric Parking Brake Market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Electric Parking Brake industry.
Major Key Players Covered Electric Parking Brake Market: -
· Chassis Brakes International
· Hyundai Mobis
· Zhejiang Libang Hexin
· Wuhu Bethel Automotive
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Segmentation of Electric Parking Brake Market: -
· Caliper Integrated EPB
· Cable Puller EPB
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Market Analysis and Insights: Global Electric Parking Brake Market
The market for Electric Parking Brake is divided into regions, countries, companies, types, applications, and sales channels. Players, stakeholders, and other market participants in the global Electric Parking Brake Market will get an advantage by utilising the study as a valuable resource. For the years 2022-2028, the segmentation study focuses on sales, revenue, and forecasts by region, nation, firm, type, application, and sales channels.
Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities by Segment
Chapter 4: Market Landscape
Chapter 5: Electric Parking Brake Market by Type
Chapter 6: Electric Parking Brake Market by Component
Chapter 7: Electric Parking Brake Market by End-User
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
To be continue…
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