Automotive Electric Parking Brake Market to witness Huge Growth by 2027 – AISIN SEIKI, Allegro MicroSystems, Brembo, Continental, EMC
The electric parking brake is also known as the automatic parking brake (APB). This system offers the driver more comfort and convenience. Moreover, as the h and lever is not utilized, the car manufacturers have more liberty of choice as to where they place the operating parts in the vehicle. The electric park brake comes with features such as hill- or auto-hold. The hill-hold feature stops the vehicle rolling away accidentally when setting off or st and ing still. On the other h and , auto-hold keeps the brake pressure applied after the driver releases the pedal. Some of the functionality of the electric parking brake includes dynamic emergency brake function, adaptive hill-start assistant, parking brake, and brake pad wear control.
The “Global Automotive Electric Parking Brake Market Analysis to 2027″ is a specialized and in-depth study of the automotive electric parking brake industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive electric parking brake market with detailed market segmentation by component, type, vehicle type, sales channel, and geography. The global automotive electric parking brake market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive electric parking brake market players and offers key trends and opportunities in the market.
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The report enables you to-
- Formulate significant competitor information, analysis, and insights to improve R&D strategies
- Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
- Identify and understand important and diverse types of Automotive Electric Parking Brake under development
- Develop market entry and market expansion strategies
- Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
- In-depth analysis of the product’s current stage of development, territory and estimated launch date
The strong competition in the automotive sector, the increasing electronic content per vehicle, and the government’s urge to make safer vehicles have resulted in the m and atory installation of advanced driver assistance systems such as EPB by the automakers. This has not only offered lucrative opportunities for the present players but also expected to result in escalating the market’s competitive environment. Further, the rise in the adoption of electric vehicles is another factor of the automotive electric parking brake market growth.
The global automotive electric parking brake market is segmented on the basis of component, type, vehicle type, and sales channel. Based on component, the market is segmented as caliper integrated system, brake systems, electronic control unit, sensors, and actuators. Further, based on type, the automotive electric parking brake market is divided into electric-hydraulic caliper system, and full electric drive-by-wire systems. Furthermore, on basis of vehicle type, automotive electric parking brake market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive electric parking brake market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive electric parking brake market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive electric parking brake market from both dem and and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automotive electric parking brake market for each region.
The reports cover key developments in the automotive electric parking brake market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive electric parking brake market are anticipated to lucrative growth opportunities in the future with the rising dem and for automotive electric parking brake in the global market. Below mentioned is the list of few companies engaged in the automotive electric parking brake market.
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The report also includes the profiles of key automotive electric parking brake companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
– AISIN SEIKI Co., Ltd.
– Allegro MicroSystems, LLC
– Brembo S.p.A.
– Continental AG
– EMC, LLC (The AEVIT)
– HELLA GmbH & Co. KGaA
– Hyundai Mobis
– Küster Holding GmbH
– ZF Friedrichshafen AG
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
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- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.