Global Electric Parking Brake Market was valued at USD 9.08 billion in 2023 and is expected to reach USD 17.45 billion by the year 2030, at a CAGR of 9.77%.
The Electric Parking Brake (EPB) Market is characterized by a comprehensive landscape. It involves advanced braking systems that utilize electric power for enhanced vehicle safety. This market segment showcases a notable shift from traditional mechanical parking brakes, reflecting a growing preference for innovative and electronically controlled braking solutions. The adoption of Electric Parking Brake technology is on the rise across the automotive industry, offering improved control and convenience in parking maneuvers. As a result, the market is witnessing a notable surge in demand, driven by the increasing integration of EPB systems in modern vehicles.
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Top Key Players of Electric Parking Brake Market:
ZF Continental Chassis Brakes International Küster Aisin Mando Hyundai Mobis Zhejiang Libang Hexin Wuhu Bethel Automotive
The latest research on the Electric Parking Brake market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Electric Parking Brake industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electric Parking Brake market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
In addition to investigating market intricacies, our study focuses extensively on the holistic ecosystem of the Electric Parking Brake market. We analyse the functions and interdependencies of diverse market stakeholders, offering insights into their roles within the industry. Furthermore, our wide-ranging geographical coverage facilitates a profound understanding of regional trends.
Electric Parking Brake Market Segmentation:
By Type
- Caliper Integrated EPB
- Cable Puller EPB
In the caliper-integrated design, each caliper incorporates a bidirectional electric motor responsible for mechanically driving the caliper piston. This motor facilitates the outward movement of the caliper piston, generating the necessary clamping force on the rotor. Typically, these systems employ a gear reduction drive coupled with a small electric motor to achieve the required force. The caliper-integrated Electric Parking Brake (EPB) design configuration offers numerous advantages due to its innovative approach and efficient force delivery mechanism.
By Application
- Sedans
- SUVs
- Others
By Region
- 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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Market Dynamics:
Various catalysts drive the Electric Parking Brake market, notably the ongoing technological advancements in the automotive sector and the increasing consumer demand for safety and comfort features. The incorporation of Electric Parking Brake (EPB) systems into contemporary vehicles is set to play a pivotal role in shaping the market landscape in the foreseeable future. This underscores the industry's response to evolving consumer preferences, aligning with the growing emphasis on innovative solutions for enhanced safety and convenience in automobiles.
Market Opportunities:
- Expansion of the electric parking brake system market in emerging economies.
- Integration of electric parking brake systems with autonomous driving technologies.
- Increasing adoption of electric parking brake systems in commercial vehicles.
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