Press release
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 Forecast 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.
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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.
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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…
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