Press release
Electric Parking Brake Market to Record CAGR of 12% Rise in Growth by 2029
Electric Parking Brake Market
Persistence Market Research (PMR) has published a research report on the global electric parking brake market, which serves as summarization of the potential growth of the market. PMR's extensive study provides readers with a detailed explanation on the market dynamics, including the trends and avenues of growth for various stakeholders through the forecast period of 2019 - 2029. The study offers complete analysis of various market dynamics that are influencing the growth of the electric parking brake market. It also provides accurate qualitative as well as quantitative judgment on the future growth of the market.
This study includes insights about the factors that are influencing the expansion of electric parking brakes industry, including world GDP indicators and other macro and micro economic factors that are driving or hindering market growth. Thus a comprehensive analysis on the demand, as well as the pricing of electric parking brake has been presented in a detailed manner in the PMR study.
Click on the link for sample report: https://www.persistencemarketresearch.com/samples/17455
Information represented in the study on the electric parking brake market can help stakeholders including manufacturers, retailers, suppliers and distributors adopt favorable strategies. Readers can also find an assessment on how the demand for electric parking brake is changing trends across various end-use industries in PMR's study. This study also offers key takeaways about the global as well as regional markets for electric parking brake, which can help decision-makers in the market to construct strategies for the coming years.
Drivers and Restraints:
Drivers:
• Increasing demand for safety features in vehicles: Electric parking brakes offer improved safety features compared to traditional handbrakes. This is because electric parking brakes are more effective in preventing rollbacks and also provide better control and stability to the vehicle.
• Government regulations: Many governments around the world are mandating the use of electric parking brakes in vehicles as a safety measure. For example, the European Union has made it mandatory for all new vehicles to be equipped with electric parking brakes starting from 2023.
Restraints:
• High cost: Electric parking brakes are more expensive than traditional handbrakes. This may act as a restraint to the growth of the market, especially in regions where cost is a major factor in purchasing decisions.
• Maintenance issues: Electric parking brakes require specialized maintenance and repair, which can be more costly than traditional handbrakes. This may discourage some consumers from choosing electric parking brakes.
Research Methodology
A robust and unique methodology has been implemented by the authors of PMR's study on the electric parking brake market to reach to conclusions about the growth landscape. Market-specific statistics and data, which are validated by several resources - both secondary and primary resources - have helped analysts to come up with accurate insights on how the electric parking brake market will grow during the forecast period.
Secondary resources that have played a significant role in the production of this report, consist of various white papers, government statistics, regulations and research papers that shed light on the sales potential of electric parking brakes. Primary resources that have contributed to the production of this study include discussions with key opinion leaders, enterprise size expert inputs and data triangulation.
Also interviews were conducted by analysts with brand managers of market players in the supply chain of the electric parking brake market, and their respective c-level executives. Industry experts and investors were also approached to fetch industry-validated data about the global electric parking brake market. Thus primary and secondary resources provide exclusive information about the market, which acts a mark of reliability and affirmation from electric parking brake market players and makes PMR's estimates on the future prospects of the electric parking brake market more reliable and accurate.
Segmentation of Electric Parking Brake Market
PRODUCT TYPE
• Electric-Hydraulic Caliper Systems
• Cable-Pull Systems
VEHICLE TYPE
• Passenger Cars
• Compact Cars
• Mid Sized Cars
• Luxury Cars
• SUVs
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
SALES CHANNEL
• OEMs
• Aftermarket
REGION
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa
Click on the link for customized report: https://www.persistencemarketresearch.com/request-customization/17455
FAQ
1. What are the risks of investing in electric parking brake markets in developing countries?
2. Which strategies proved successful for leading players in the electric parking brake landscape to gain a competitive edge?
3. Which geographical regions will prove to be the most lucrative for electric parking brake providers in the coming years?
4. How are the recent trends in the automotive and manufacturing industry impacting the growth of electric parking brake landscape?
5. What are the critical challenges faced by manufacturers in the electric parking brake market?
This report covers a thorough analysis of:
• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain
Regional analysis includes:
• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)
Click on the link to purchase the full report: https://www.persistencemarketresearch.com/checkout/17455
Report highlights:
• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint
Related reports:
Automotive Brake System Market: https://www.persistencemarketresearch.com/market-research/automotive-brake-system-market.asp
Aerospace Galley Trolley and Container Market: https://www.persistencemarketresearch.com/market-research/aerospace-galley-trolley-and-container-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
The Automotive and Transportation division of PMR provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.
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