Lewes, DE -- (SBWIRE) -- 02/01/2017 -- Report forecast the global automotive EPB market to grow at a CAGR of 8.45% during the period 2016-2020.

EPB is an innovation in the braking technology, which has replaced the conventional handbrake with a push button. This in turn creates more in-vehicle space and also enhances drivers' comfort, safety, and convenience.

The report covers the present scenario and the growth prospects of the global automotive EPB market for 2016-2020. To calculate the market size, the report considers automotive EPBs that are original equipment (OE) stock fit equipped in passenger cars.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the range of consumer needs and OEM offerings has widened to include safety, performance, stability, and comfort. These parameters are being refined and improved every day. This evolution has outgrown the utility of conventional mechanical components, which lack the capabilities to solve several emerging automotive challenges. This evolution has led to an upsurge in the growth rate of the automotive electronics market, which has far surpassed the growth of the actual automotive industry. Also, from the perspective of car makers, special features are the only way to showcase product differentiation for sustaining competition. Thus, these aspects are an inherent driver for the replacement of traditional hand brakes with EPBs.

Further, the report states that auto OEMs are subjected to heavy cost pressures due to the dynamism in the regulatory environment and demanding consumer base. Environment and safety standards are pressurizing OEMs to find means to comply with regulations, while not passing the additional costs to consumers. Controlling emissions is bound to increase the cost of the vehicle. For instance, according to the National Automobile Dealers Association, the US CAFE standards (that should become effective in 2016) may hike the manufacturing cost of a vehicle by $1,000. In addition, OEMs need to innovate on drivetrain technologies to suit lower emission standards. Dynamism in standards will further affect the cost of R&D and production processes.

Global Automotive EPB Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automotive EPB market: Aisin Seiki, Continental, and ZF TRW

Other Prominent Vendors in the market are: ADVICS, Akebono, Bosch, DURA Automotive Systems, HYUNDAI MOBIS, KUSTER Automotive Control Systems, Mando-Hella Electronics, and SKF

Market driver
- OEMs and Tier-1 suppliers prioritizing weight reduction of brake systems
- For a full, detailed list, view our report

Market challenge
- Incorrect system tuning can impede driving experience: Effects of false positives and negatives
- For a full, detailed list, view our report

Market trend
- Electric cars and adoption of smarter automotive products: Sensor fusion
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages and 17 Exhibits "Global Automotive Electronic Parking Brake Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Market challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-automotive-electronic-parking-brake-market-2016-2020

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