According to the SNS Insider report, The Electric Parking Brake Market Size was valued at USD 2.89 billion in 2023 and is expected to reach USD 9.47 billion by 2031, growing at a CAGR of 16% over the forecast period from 2024 to 2031.
The Electric Parking Brake Market Size & Share Report Forecast research covers information about each major industry's production, market share, revenue, and growth rate as well as regional, application, and type-specific data. The global market report includes a thorough analysis of the region with the highest growth rate, an impression of the geographical level break-up, regions with the highest market revenue, market size, position, upcoming technologies, geographical break-up, regulatory policies, and significant company profiles and business strategies.
The study also includes qualitative and quantitative market analysis for the anticipated period. A variety of corporate prospects and growth potential are also included in the research report. The Electric Parking Brake Market Size & Share Report Forecast analysis offers executives a business plan by outlining market risks and constraints as well as the effects of various regulatory regimes. This is done to assist industries in making decisions and achieving their main goals more effectively.
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Key Players
ZF Friedrichshafen AG (Germany)
Continental AG (Germany)
Aisin Seiki Co., Ltd. (Japan)
Mando-Hella Electronics Corp. (South Korea)
DURA Automotive Systems (US)
Küster Holding GmbH (Germany)
TBK Co., Ltd. (Tokyo)
Svenska Kullagerfabriken AB (Sweden)
Hyundai Mobis Co., Ltd. (South Korea)
Wuhu Bethel Automotive Safety Systems Co., Ltd (China)
Zhejiang Wanchao Electric Appliance Co., Ltd. (China)
Market Segmentation
All target market categories have been looked at in light of recent and projected trends. The four categories of company, type, application, and geography make up the worldwide market (country). Revenue and predictions by location (country), kind, and application are the current focus of the in-depth segmental analysis. To fully explain the industry to readers, the report segmented the Electric Parking Brake Market Size & Share Report Forecast by platform, product, capacity, and geography.
By System Type
Cable Pull System
Electric-Hydraulic Caliper Systems
By Vehicle Type
Light Commercial Vehicle
Passenger Vehicle
Heavy Commercial Vehicle
Regional Outlook
There are several major regions that make up the Electric Parking Brake Market Size & Share Report Forecast, and each has its own revenue, market share, sales, and growth rates. Some of the significant geographic areas included during the market study include Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa. Latin America is anticipated to have a small market share in value while North America is anticipated to maintain its global leadership and gain significant market share in both volume and value.
COVID-19 Impact Analysis
Infecting millions of individuals worldwide, the COVID-19 epidemic started to spread in the first half of 2020, causing major nations to implement foot restrictions and work stoppage orders. Nearly every business, including the Electric Parking Brake Market Size & Share Report Forecast, has suffered substantial harm, with the exception of the medical supply and life support goods industries.
Competitive Landscape
The competitive analysis section of the global Electric Parking Brake Market Size & Share Report Forecast provides details and insights on the companies. Among the information provided are statistics on competition, market overview by firm status, and business revenue predictions by region. To boost market revenue, these companies use product launches, alliances, research and development, and partnerships.
Report Objective
The research report investigates parent industry trends, micro and macroeconomic data, regulating factors, and market attractiveness on a segment-by-segment basis. The study also illustrates how a variety of market variables have an impact on geography and market segmentation for Electric Parking Brake Market Size & Share Report Forecast. The study is based on first-hand knowledge, qualitative and quantitative analysis by industry analysts, and suggestions from major market participants and value chain actors.
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