Electric Parking Brake System Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
22129 | Date :
Jan, 2023 | Pages :
192 | Region : Global |
Publisher : RI
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.
With the fast increase of automobile production, the electric parking brake market will develop fast in next years. The prospect of electric parking brake industry is good. The growth rate of European automobile production may be low, but the high penetration of electric parking brake keeps it as large market demand. The fast growing rate of automotive electric parking brake system makes it more common for general cars, not only belong to luxury cars.
In the next years, the growth rate of Chinese automobile production will be higher than other regions. Almost all of top electric parking brake manufacturers have built plants in China and they have occupied large share of electric parking brake market.
There is large technical gap between electric parking brakes produced by Chinese manufacturers and foreign manufacturers. To expand the market share, these domestic manufacturers must invest more money and time on research and development.
As the policies published by Chinese government support domestic electric parking brake industry, both the foreign manufacturers and domestic manufacturers can get some favorable condition. The number of new competitors may be more and some may prefer to cooperate with foreign manufacturers to maximize the advantages of both sides.
The market share of traditional brake is still large and the complete replacement of traditional brake still need a long time. Correspondingly, new brake technologies may appear in the future.
The Global Electric Parking Brake System Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Electric Parking Brake System Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Caliper Integrated EPB
Cable Puller EPB In Market segmentation by applications :
Sedans
SUVs
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Electric Parking Brake System Market for the forecast period 2023 - 2030?
• What are the driving forces in the Electric Parking Brake System Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Electric Parking Brake System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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