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According to our LPI (LP Information) latest study, the global Electric Parking Brake System market size was valued at US$ 8958 million in 2023. With growing demand in downstream market, the Electric Parking Brake System is forecast to a readjusted size of US$ 19460 million by 2030 with a CAGR of 11.7% during review period.
The research report highlights the growth potential of the global Electric Parking Brake System market. Electric Parking Brake System are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Electric Parking Brake System. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Electric Parking Brake System market.
Electric parking brake is a substitute of traditional handbrake. Electric parking brake eliminates the need for a parking brake lever or pedal and improves vehicle styling, space management and crashworthiness. It's a lot easier for automakers to design their interiors and to add new features and options.
Global Electric Parking Brake System key players include ZF TRW, Continental, Küster, Dura, Mando, etc. Global top five manufacturers hold a share over 80%.
Europe is the largest market, with a share over 40%, followed by North America and China, both have a share over 30% percent.
In terms of product, Caliper Integrated EPB is the largest segment, with a share over 90%. And in terms of application, the largest application is Sedans, followed by SUVs.
Key Features:
The report on Electric Parking Brake System market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Electric Parking Brake System market. It may include historical data, market Segmentation by Type (e.g., Caliper Integrated EPB, Cable Puller EPB), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Electric Parking Brake System market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Electric Parking Brake System market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Electric Parking Brake System industry. This include advancements in Electric Parking Brake System technology, Electric Parking Brake System new entrants, Electric Parking Brake System new investment, and other innovations that are shaping the future of Electric Parking Brake System.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Electric Parking Brake System market. It includes factors influencing customer ' purchasing decisions, preferences for Electric Parking Brake System product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Electric Parking Brake System market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Electric Parking Brake System market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Electric Parking Brake System market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Electric Parking Brake System industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Electric Parking Brake System market.
Market Segmentation:
Electric Parking Brake System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Caliper Integrated EPB
- Cable Puller EPB
Segmentation by application
- Sedans
- SUVs
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- ZF TRW
- Continental
- Küster
- Dura
- Mando
- AISIN
- Hyundai Mobis
- Zhejiang Libang Hexin
- Wuhu Bethel
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Parking Brake System market?
What factors are driving Electric Parking Brake System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Parking Brake System market opportunities vary by end market size?
How does Electric Parking Brake System break out type, application?