Press release
Electric Parking Brake Market Highlighting Lucrative Avenues Across Major Geographies During 2018-2027 | Major Players - Aisin Seiki Co., Continental AG, DURA Automotive Systems, TBK Co., Hyundai Mobis Co., Küster Holding GmbH, Mando-Hella Electronics Co
To Get Sample Copy of Report visit @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2536
The electronic parking brake is weightless, compact in size which henceforth enhances the fuel economy and reduce carbon emission. The vehicle OEMs are emerging with different innovative technologies to advance the performance of the electric parking brake system, reduce cost, weight and size. Technological advancement and an introduction of electric and hybrid vehicles are majorly anticipated to propel the electric parking brake market over the forecast period across the globe. However, the high cost of Electric Parking Brake and environmental regulation to curb the carbon emission is subjected to hamper the market growth over the forecast period. However, the growth of the market is expected to face hindrance due to the high cost of the electric parking brake and lack of skilled technicians for the electronic system in vehicle.
This report assesses trends that are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to electric parking brake manufacturers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA).
Global Electric Parking Brake Market: Segmentation
The sections, by type, component, vehicle type, and sales channel in the electric parking brake market evaluate the present scenario as well as growth prospects of the regional electric parking brake market for 2018–2027. The APEJ electric parking brake market has been estimated to dominate the global electric parking brake market by value owing to the phenomenal rise in the sales of passenger vehicles, accounting for a maximum revenue share of the market by 2017 end. Europe and North America electric parking brake markets are expected to account for over 35% collaborative revenue share, of the global electric parking brake market by 2027 end. Among the emerging markets, the MEA electric parking brake market is estimated to exhibit a significant CAGR of more than 7.5% over the forecast period, followed by Japan with a CAGR of about 7.0%.
To provide in-depth insights into the pattern of demand for the electric parking brake market, the market is segmented by type. It includes Electric-Hydraulic Caliper System and Cable-Pull System. Electric-Hydraulic Caliper System segment is expected to dominate the electric parking brake market over the forecast period, regarding value, which accounted for more than 65% value share in 2017.
Get complete report with Comprehensive table of contents @ https://www.factmr.com/report/2536/electric-parking-brake-market
To provide in-depth insights into the pattern of demand for the electric parking brake market, the market is segmented by component. It includes below Electronic Control Unit, Actuator and Switch. Electronic Control Unit segment is expected to dominate the electric parking brake market over the forecast period, regarding value, which accounted for more than 35% value share in 2017.
The section – electric parking brake market analysis, by vehicle type comprehensively analyzes the market by vehicle type in which electric parking brake are installed. The market is segmented into Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle. The segment, passenger car in electric parking brake market accounted for the highest market share of more than 45% in 2017.
The section – electric parking brake market analysis, by sales channel comprehensively analyzes the market by different sales channel through which the electric parking brake are sold. The market is segmented into OEM and Aftermarket. OEM segment accounted for the highest market share in 2017. However, the aftermarket segment is also subjected to witness a healthy CAGR of more than 5% during the forecast period due to the expansion of automotive sector across the developing economies.
Also, increasing demand for electric parking brake in the APEJ region is driving the prominent manufacturers to strategically enter in the APEJ market with an objective to target the opportunities in the region. The electric parking brake market in North America and Europe region has been steady over the last decade, and hence, the companies are targeting emerging economies markets to increase their sales revenues.
APEJ Region Critical in the Electric Parking Brake Market
The APEJ region is estimated to account for more than 25% market share in the global electric parking brake market in 2017, and this share is expected to grow by a massive rate, causing the APEJ market to grab more than 30% market share by the end of 2027. The rapid economic growth and increases in the sales of passenger car in China, India and South Korea is subjected to increase the demand for electric parking brakes over the forecast period.
Global Electric Parking Brake Market: Competition Dashboard
Fact.MR has profiled some of the most prominent company’s active in the global electric parking brake market such as Aisin Seiki Co., Ltd., Continental AG, DURA Automotive Systems, TBK Co., Ltd., Hyundai Mobis Co., Ltd., Küster Holding GmbH, Mando-Hella Electronics Corp., Svenska Kullagerfabriken AB, ZF Friedrichshafen AG and Wuhu Bethel Automotive Safety Systems Co., Ltd. The top market players in the electric parking brake market are focusing on product development and innovation. Electric parking brake manufacturers are focusing on developing technological advanced and innovative solutions which can meet the changing customer requirements.
Make an Enquiry before buying this report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2536
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Parking Brake Market Highlighting Lucrative Avenues Across Major Geographies During 2018-2027 | Major Players - Aisin Seiki Co., Continental AG, DURA Automotive Systems, TBK Co., Hyundai Mobis Co., Küster Holding GmbH, Mando-Hella Electronics Co here
News-ID: 1532386 • Views: …
More Releases from Fact.MR
Non-Alcoholic Wine Market to Expand at 10% CAGR, Reaching $5.2 Billion by 2033
The global demand for non-alcoholic wine is predicted to grow at a 10% CAGR between 2023 and 2033. The global non-alcoholic wine market is currently valued at $2 billion and is expected to grow to $5.2 billion by 2033.
Increased demand for nonalcoholic wine in Middle Eastern nations like Kuwait and the UAE will drive market expansion. Athletes and pregnant women are the primary consumers of non-alcoholic wine. The health ramifications…
Personal Floatation Devices Market Soars, Expected to Hit US$ 8,014 Million by 2 …
The global personal floatation devices market is expected to be valued at US$ 3,178.7 million in 2022, growing at a CAGR of 9.7% to US$ 8,014 million by the end of 2032.
The personal flotation device market is transitioning from 'distributor-based' sales to direct-to-customer online channels. Catering to the needs of last-mile consumers is a profitable opportunity for manufacturers, and utilising online sales channels can help businesses capitalise on the emerging…
Paper Bottle Market Expected to Expand at 6.2% CAGR by 2033
The Paper Bottles Market is estimated to reach US $ 53.31 million by 2033, with a 6.2% growth rate during the forecast period.
Paper bottle sales are fast increasing, owing to both the growing need for alternatives to plastic bottles and the degradability and eco-friendliness of these containers. Paper bottle sales are expected to rise as demand for beverages rises and effective storage becomes more important.
Get Free Sample Copy of This…
Halloumi Cheese Market Surges Past US$ 1.2 Billion Mark by 2033, Fueled by 10.4% …
It is anticipated that halloumi cheese market will be valued at US$ 445 million in 2023 and surpass US$ 1.2 billion by the end of 2033. It is projected that the worldwide market for halloumi cheese will grow at an astounding rate of 10.4% CAGR till 2033.
Cyprus, a Middle Eastern nation, is the birthplace of halloumi cheese, which has been made there by local farmers for generations. Since this nation…
More Releases for Electric
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok …
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market.
For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276
What you can expect from…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
