Electric Parking Brake Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Electric Parking Brake Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Electric Parking Brake Market by thorough analysis, and projections are made up to 2030.
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Electric Parking Brake Market Scope and Methodology:
Research in the Electric Parking Brake Market combines quantitative and qualitative methods. Through a variety of research methods, including primary and secondary research, subject matter expert advice, and quantitative and qualitative market data, information is gathered. Primary research makes use of important data from in-person and/or telephone interviews, questionnaires, industry experts' comments, and other sources.
The Maximize Market Research team performed secondary research using a range of sources, such as corporate websites, annual reports, financial data, reports and SEC filings, internal and external proprietary databases, pertinent patent and regulatory databases, and financial information. In order to obtain information on topics like the dominance of a certain brand and the prices of services and goods in each nation and area, MMR Market Reports reached out to a number of important opinion leaders in the same sector, including senior and mid-level managers of major corporations and end-user executives.
Electric Parking Brake Market Regional Insights
The analysis delves deep into the markets of Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Electric Parking Brake market is a key aspect of the regional analysis provided in the report. The report contains data on product import and export, market size, and growth rate for each country. Additionally, the report has also offer a synopsis of the latest advancements in the global Electric Parking Brake market across different countries and regions.
Electric Parking Brake Market Segmentation
by Vehicle Type
1. Passenger Vehicle
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle
by System Type
1. Cable Pull System
2. Electric-hydraulic Caliper Systems
by Component
1. CaliperIntegrated System
2. Electronic Control Unit
3. Sensors
4. Actuators
In 2021, the electric parking brake market was dominated by the Electric-hydraulic Caliper Systems segment, which held the highest share of approximately 78% based on System Type. At the conclusion of the forecast period, the segment is anticipated to continue to dominate with the greatest growth rate, roughly 11.8%. The comfortable and safe driving environment as well as increased vehicle and driver safety are credited with accounting for the lion's share of the market.
The caliper-integrated design has gained popularity and is expected to be preferred due to its simplicity over the forecast period, but the cable puller design was once popular and is still in use. Because it has an additional electric motor that operates the electronic parking brake by transferring pressure to the pistons through a transmission and pressing on the brake pads and discs, the EPB brake caliper also functions as the central component of the EPB. Consequently, the parking brake is integrated into the EPB brake caliper and requires less space.
In the caliper-integrated design, there is a bidirectional electric motor in every caliper. This electric motor causes the caliper piston to be mechanically driven out in order to generate the required clamping force on the rotor. To provide the necessary force, the majority of systems would use a gear reduction drive with a small electric motor. There are several benefits to the caliper-integrated EPB design configuration. Brake wires, along with the related hardware and packaging, are no longer necessary.
One more benefit is that using a single hydraulic simplifies the process of making cars. Automakers are gradually integrating electronic parking brakes with calipers into their cars due to these advantages. Consequently, it leads to an increase in segment revenue over the projection period.
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Electric Parking Brake Market Key Players
1. Hyundai Mobis
2. SKF Group
3. Aisin Seiki Co., Ltd.
4. Akebono Brake Industry Co., Ltd.
5. Hitachi, Ltd.
6. Toshiba Corporation
7. Brembo S.p.A.
8. Robert Bosch GmbH
9. Sanken Electric Co., Ltd.
10. ZF Friedrichshafen AG
11. Shougang Group Co., Ltd.
12. HELLA GmbH & Co. KGaA
13. Dura Automotive Systems
14. TRW Inc.
15. KUSTER Holding GmbH
16. Continental AG
17. DURA Automotive Systems
18. Aisin Corporation
19. Mando Corporation
20. AB SKF
21. Hyundai Mobis
22. Wuhu Bethel
23. APG
24. Zhejiang Wanchao
25. Mando
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Key questions answered in the Electric Parking Brake Market are:
- What is Electric Parking Brake?
- What was the Electric Parking Brake Market size in 2023?
- What will be the CAGR at which the Electric Parking Brake Market will grow?
- What growth strategies are the players considering to increase their presence in Electric Parking Brake?
- Who are the key players in the Electric Parking Brake Market?
- Who are the leading companies and what are their portfolios in Electric Parking Brake Market?
- What is the growth rate of the Electric Parking Brake Market?
- What are the upcoming industry applications and trends for the Electric Parking Brake Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Parking Brake Market?
- What are the different segments of the Electric Parking Brake Market?
- What segments are covered in the Electric Parking Brake Market?
- Which are the factors expected to drive the Electric Parking Brake market growth?
For further inquiries and market scope exploration, reach out to us: https://www.maximizemarketresearch.com/market-report/global-electric-parking-brake-market/70313/
Key Offerings:
- Market Size, Share, Size & Forecast by different segment | 2022-2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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