Electric Parking Brake Market | Growth, Trends and Forecast 2028 |...

Electric Parking Brake Market | Growth, Trends and Forecast 2028

Posted 2022-09-09 06:24:15

Global Electric Parking Brake Market was valued at USD 9.08 billion in 2021 and is expected to reach USD 17.45 billion by the year 2028, at a CAGR of 9.77%.

Electric parking brakes are not only replacing the conventional hand brakes in modern vehicles, but also adding valuable features such as space management, interior styling, and crashworthiness of new automobiles. In addition, electric brake systems are also facilitating reduction of power consumption as well as vehicle weight, which signifies that electric parking brakes can soon become an integral part of new-age automobiles.

Manufacturers are also focusing on enhancing the safety for light commercial and heavy commercial vehicles with the help of advanced designs of electric parking brakes. Such advancements in modern automotive engineering are transforming run-of-the-mill automotive models, indicating a potential for innovation with the next-generation technologies in the electric parking brakes market.

Request a free sample: - https://introspectivemarketresearch.com/request/11746

Electric Parking Brake Market - Size, Competitive Landscape and Segmentation Analysis:

Electric Parking Brake Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.

Key Player of Electric Parking Brake Market:

· ZF

· Continental

· Chassis Brakes International

· Küster

· Aisin

· Mando

· Hyundai Mobis

· Zhejiang Libang Hexin

· Wuhu Bethel Automotive

By Type, Electric Parking Brake has been segmented into:

· Caliper Integrated EPB

· Cable Puller EPB

By Application, Electric Parking Brake has been segmented into:

· Sedans

· SUVs

· Others

Market Segment by Regions and Countries Level Analysis:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of South America)

Inquiry before purchasing: https://introspectivemarketresearch.com/inquiry/11746

COVID-19 scenario analysis:

· Owing to economic uncertainties, the expansion of companies would freeze and investments would reduce. Further, with stoppage in revenue generation, the R&D activities of electric parking brake would face a major challenge.

· Besides, the recession caused due to the novel coronavirus pandemic would affect the sales of high-end vehicles.

· Moreover, the automakers are focusing to manufacture cheaper cars to survive during the pandemic. For instance, Nissan is manufacturing cheap e-cars.

· Electric parking brakes being widely used in high-end vehicles, the demand for it would witness a negative progression.

Get Discount on Full Report of the Electric Parking Brake Market @:

https://introspectivemarketresearch.com/discount/11746

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1-773-382-1047

Email: sales@introspectivemarketresearch.com

LinkedIn | Twitter | Facebook