Electric Parking Brake Market Size, Share, Trends, Key Players Analysis of Aisin Seiki, Continental AG, DURA Automotive, TBK Co, Hyundai Mobis | Global Forecast 2023

Electric Parking Brake Market By Type, Sales Channel, Component, Vehicle Type, And Regional Forecast To 2023. Global The electric parking brake market is expected to grow over the CAGR of around 7% during the period 2019 to 2023.

Key Players:
The key players in electric parking brake system market are Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), DURA Automotive Systems (US), TBK Co., Ltd. (Tokyo), Hyundai Mobis Co., Ltd. (South Korea), Küster Holding GmbH (Germany), and Mando-Hella Electronics Corp. (South Korea), Svenska Kullagerfabriken AB (Sweden), ZF Friedrichshafen AG (Germany), Wuhu Bethel Automotive Safety Systems Co., Ltd (China), Zhejiang Wanchao Electric Appliance Co., Ltd. (China) are among others.

Get Sample Copy of Report @
https://www.marketresearchfuture.com/sample_request/6924

Market Overview:
An electric parking brake is used in vehicles to stop or holds the vehicle on the flat ground or hill roads. The main advantage of using electronic parking brake is it has less components, compact in size and less weight as compare to traditional mechanical brake system. Electric parking brake uses electronic control unit (ECU), actuator mechanism and electric switch which ensures optimum brake power and efficient operation. Also, it is used in driver support functions such as hill start assist functions.

The factors that are responsible for the growth of electric parking brake market are stringent environment regulations regarding road safety, increasing adoption of automated vehicle technology and increasing demand for driver assisted systems, increasing demand for fuel efficient vehicles, and among others. The key driver which drives the growth of the market is increasing adoption of electric parking brake in the vehicles due to reduced weight and convenient as compare to other mechanically operated brakes which further improves the fuel economy and reduced emissions

Electric Parking Brake Market Segmentation:
By Type
Electric-Hydraulic Caliper System
Cable-Pull System

By Sales Channel
OEM
Aftermarket

By Component
Electronic Control Unit
Actuator
Switch

By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

Regional Analysis:
On the basis of region, the market is segmented based on North America, Asia-Pacific, Europe, and Rest of the World. North America is expected to dominate the market in future due to increase in adoption of electric parking brake in the vehicles. Also, in Mexico there is increasing number of auto ancillary production companies which supplies electric parking brake market. The increase in sales of vehicles in the US will result in the growth of electric parking brake market in future.

Access Electric Parking Brake Market Report @
https://www.marketresearchfuture.com/reports/electric-parking-brake-market-6924

Table of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future
Phone No: +1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.