Harrisburg, NC -- (SBWire) -- 03/03/2019 --Global Electric Parking Brake Market Insights, Forecast to 2025

The electric parking brake is gradually replacing the conventional hand brake which is operated by mechanical lever linked with wire & rope. Electric parking brake actually adds new functionality to the automotive vehicle, and it can be installed in automotive vehicles of any size and power capacity. Moreover, an electric parking brake is operated by a switch in the cabin that electronically applies the braking effort and holds the vehicle in place during parking. Electric parking brake also prevents the vehicle from rolling down on a gradient or hill. The electric parking brake (EPB) is electronically controlled and consists of the EPB switch, the electronic control unit (ECU) and the EPB caliper.

Global electric parking market is triggered by the adoption of advanced driver assistance systems (ADAS) in all the segments of vehicle, in order to provide safety, comfort and convenience to driver. Globally, the technology of electric parking brake which was pioneered in the year 2000 is now gaining traction worldwide.

The Global Electric Parking Brake market was valued at 1650 Million US$ in 2017 and is projected to reach 5890 Million US$ by 2025, at a CAGR of 17.2% during the forecast period.

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Top Leading Companies are: TRW,KUSTER,Continental,DURA,AISIN,Mando,SKF,Hyundai Mobis,Wuhu Bethel,APG,Zhejiang Wanchao

Globally, automotive industry is witnessing significant technological advancements in the conventional systems. In order to replace the usual lever operated hand brake system, manufacturers devised a modern electric parking brake. Some of the key drivers of global electric parking brake market include, increasing penetration of autonomous vehicle technology and increasing concerns towards road safety. Furthermore, Adoption of electric parking brake allows significant weight saving compared to mechanical parking brake systems which aids in enhanced fuel economy and reduced emissions. Electronic control of electric parking brake allows for integration with other safety technologies, thus drives the global electric parking brake market. Previously, electric parking brake technology was limited to premium passenger cars, which was limiting its growth.

Contents of the 15 Chapters for This Electric Parking Brake Market Study:-

Chapter 1, to describe Electric Parking Brake Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Electric Parking Brake , with sales, revenue, and price of Electric Parking Brake , in 2017 and 2019;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Electric Parking Brake, for each region, from 2013 to 2019;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;

Chapter 12, Electric Parking Brake market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;

Chapter 13, 14 and 15, to describe Electric Parking Brake sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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Electric Parking Brake Market, by Type:

Electric-hydraulic Caliper Systems
Cable-pull Systems

Electric Parking Brake Market, by End User:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

In order to cater car manufacturers' expectations to reduce cost, weight and size, manufacturers are offering caliper integrated versions. In this system, the controls and power stages are integrated into the ESC controller. Moreover, manufacturers are striving to develop low cost electric parking brake system for compact and mid-size vehicles. With the aim of providing smart functionality & identifying when to apply and release the electric parking brake, manufacturers are integrating ECU into the vehicle's network architecture.

Global electric market is expected to grow at moderate CAGR in European region, due to relatively high adoption of electric parking brake technology in the region. In Americas region, investments in new auto factories in Mexico and developing auto ancillary business are providing firm potential for supply of electric parking brake components. Consequently adoption of electric parking brake technology is expected to witness significant growth in the region. Sales of automotive in U.S. are expected to remain stagnant for coming few years. Middle East and Africa, a laggard in this technology, is likely to observe strong and consistent automobile sales growth and thus, electric parking brake market is anticipated to grow at significant rate in the region.

In Asia Pacific region adoption of this technology is increasing significantly. China, being one of the prominent auto market is expected to boost annual automobile sales with installation of electric parking brakes.

The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Electric Parking Brake Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Electric Parking Brake Market Carrier and assist manufacturers and investment organization to better grasp the development course of Electric Parking Brake Market.

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Important attributes of the report:

The 360-degree Electric Parking Brake overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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