Electric Parking Brake Market: Enhanced Safety

Electric Parking Brake Market Size is Valued at USD 12.00 Billion in 2023 and is Projected to Reach USD 25.31 Billion by 2032, Growing at a CAGR of 9.77% From 2024-2032.

Global "Electric Parking Brake for Commercial Vehicles Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market.

Key Prominent Players In The Electric Parking Brake Market:

  • ZF (Germany)
  • Continental (Germany)
  • Chassis Brakes International (Belgium)
  • Küster (Germany)
  • Aisin (Japan)
  • Mando (South Korea)
  • Hyundai Mobis (South Korea)
  • Zhejiang Libang Hexin (China)
  • Wuhu Bethel Automotive (China)
  • Others

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Global Electric Parking Brake Market Segmentation:

By Type          

  • Caliper Integrated EPB
  • Cable Puller EPB

By Application          

  • Sedans
  • SUVs
  • Others

Geographic Segment Covered in the Report:

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Electric Parking Brake market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Electric Parking Brake market segments and regions.

Electric Parking Brake Market Trend Analysis

Factors Influencing Growth:

Rising Vehicle Production: Increasing auto manufacturing globally fuels the demand for advanced automotive components like EPBs [1, 2].

Safety and Comfort Focus: Consumers prioritize features that enhance safety and driving experience, making EPBs attractive options [2, 3].

Electrification and Automation Trends: The growing focus on electric and autonomous vehicles necessitates compatible braking systems, propelling EPB adoption [3].

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