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.
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Important insights revealed in this Electric Parking Brake Market report will enhance the financial progression of the global market through which generating huge revenues is possible for business players. Along with covering regional analysis, it also attempts to shed light on competitive assessment for the forecast time span 2022-2028. Moreover, it flashes light on some efficient sources to apply in the business for accomplishing effective results and huge revenues. This Electric Parking Brake Market research report equally focuses on some of the most vital ways to deal with risks involved in the business. It further captures market challenges, market dynamics including drivers and restraints and pricing structure. By knowing this information, it becomes easy for market players to ease the business processes and lead business towards successful path.
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.
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Segmentation of Electric Parking Brake Market:
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)
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Points Covered in The Electric Parking Brake Report
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
COVID-19 scenario analysis:
Due to the lockdown restrictions across the globe during the pandemic, there was a hitch in the manufacturing of the electric parking brake and the shortage of component delivery and the supplies decreased the share of the market then it was expected. Automotive and transport industry faced serious ramifications due to the corona virus. But as there is a relaxation in the lockdown restrictions, electric parking brake market has picked up the pace and electric parking brake market value are expected to increase in the forecast period.
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