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Global Electric Parking Brake System Market Growth 2023-2029

Global Electric Parking Brake System Market Growth 2023-2029

Product Code:457160

Published Date: Feb 08,2023

Pages: 90

Region: Global

Category: Machinery & Equipment

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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.

LPI (LP Information)' newest research report, the “Electric Parking Brake System Industry Forecast” looks at past sales and reviews total world Electric Parking Brake System sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Parking Brake System sales for 2023 through 2029. With Electric Parking Brake System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Parking Brake System industry.

This Insight Report provides a comprehensive analysis of the global Electric Parking Brake System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Parking Brake System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Parking Brake System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Parking Brake System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Parking Brake System.

The global Electric Parking Brake System market size is projected to grow from US$ 8958 million in 2022 to US$ 19460 million in 2029; it is expected to grow at a CAGR of 19460 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Parking Brake System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
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?
What are the influences of COVID-19 and Russia-Ukraine war?