Press release
Electric Parking Brake System Market Rewriting Long Term Growth Story | Aisin Seiki, Continental AG, TBK
Electric Parking Brake System Market
Some of the key players profiled in the study are Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), DURA Automotive Systems (United States), TBK Co. Ltd. (Japan), Hyundai Mobis Co., Ltd. (South Korea), Küster Holding GmbH (Germany), Mando-Hella Electronics Corp. (South Korea), AB SKF (Sweden), ZF Friedrichshafen AG (Germany), Wuhu Bethel Automotive Safety Systems Co., Ltd. (China).
Get an Inside Scoop of Study, Request now for Sample Study @ https://www.htfmarketintelligence.com/sample-report/global-electric-parking-brake-system-market
According to HTF Market Intelligence, the Global Electric Parking Brake System market to witness a CAGR of 9.8% during forecast period of 2023-2028. Global Electric Parking Brake System Market Breakdown by Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) by Type (Electric-Hydraulic Caliper System, Cable-Pull System) by Component (Electronic Control Unit (ECU), Actuator, Switch) by Technology (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TCS), Electronic Brake-Force Distribution (EBD)) by Brake Type (Disc Brake, Drum Brake) by Sales Channel (OEMs, Aftermarket) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
In February , 2021 "HELLA, a globally known automotive supplier, plans to transfer to Mando its 50% ownership stake in the South Korean joint venture Mando HELLA Electronics (MHE). A matching agreement has now been signed by the two partners. to provide access to all of our product offerings and to better fulfil the rising aspirations of South Korean clients in terms of global coverage, particularly in the fields of electrification and autonomous driving''.
Definition:
An electric parking brake (EPB) system is a type of parking brake system that uses an electric motor instead of a traditional mechanical handbrake to hold the vehicle stationary when parked. The EPB system is operated by a switch or button located on the vehicle's dashboard or center console. When the switch is activated, the electric motor applies the brakes to prevent the vehicle from moving. The EPB system also offers additional features, such as automatic release when the accelerator pedal is pressed and hill-hold assist. The EPB system is typically found in newer vehicles and is becoming increasingly popular due to its ease of use, reliability, and safety benefits. The electric parking brake system market includes a range of products from different manufacturers and is expected to grow significantly in the coming years due to increasing demand for advanced safety features in vehicles.
Market Trends:
• Increasing demand for electric and hybrid vehicles.
• Growing adoption of brake-by-wire technology in vehicles.
• Advancements in electronic control units (ECUs) and sensors used in electric parking brake systems.
• Growing trend of integrating electric parking brake systems with other vehicle safety and assistance systems.
Market Drivers:
• Government regulations mandating the use of advanced safety features in vehicles.
• Growing awareness about vehicle safety among consumers.
• Increasing demand for convenience and comfort features in vehicles.
• Technological advancements and cost reduction in electric parking brake systems.
Market Opportunities:
• Expansion of the electric parking brake system market in emerging economies.
• Integration of electric parking brake systems with autonomous driving technologies.
• Increasing adoption of electric parking brake systems in commercial vehicles.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Electric Parking Brake System Market: Electric-Hydraulic Caliper System, Cable-Pull System
Key Applications/end-users of Electric Parking Brake System Market: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Book Latest Edition of Global Electric Parking Brake System Market Study @ https://www.htfmarketintelligence.com/buy-now?format=1&report=1719
With this report you will learn:
• Who the leading players are in Electric Parking Brake System Market?
• What you should look for in a Electric Parking Brake System
• What trends are driving the Market
• About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Electric Parking Brake System vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
List of players profiled in this report: Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), DURA Automotive Systems (United States), TBK Co. Ltd. (Japan), Hyundai Mobis Co., Ltd. (South Korea), Küster Holding GmbH (Germany), Mando-Hella Electronics Corp. (South Korea), AB SKF (Sweden), ZF Friedrichshafen AG (Germany), Wuhu Bethel Automotive Safety Systems Co., Ltd. (China)
Who should get most benefit from this report insights?
• Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Electric Parking Brake System
• Marketers and agencies doing their due diligence in selecting a Electric Parking Brake System for large and enterprise level organizations
• Analysts and vendors looking for current intelligence about this dynamic marketplace.
• Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
Make an enquiry to understand outline of study and further possible customization in offering @ https://www.htfmarketintelligence.com/enquiry-before-buy/global-electric-parking-brake-system-market
Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Electric Parking Brake System Market
Electric Parking Brake System Size (Sales Volume) Comparison by Type (2023-2028)
Electric Parking Brake System Size (Consumption) and Market Share Comparison by Application (2023-2028)
Electric Parking Brake System Size (Value) Comparison by Region (2023-2028)
Electric Parking Brake System Sales, Revenue and Growth Rate (2023-2028)
Electric Parking Brake System Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
Analyse competitors, including all important parameters of Electric Parking Brake System
Electric Parking Brake System Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
Get Detailed TOC and Overview of Report @ https://www.htfmarketintelligence.com/report/global-electric-parking-brake-system-market
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.
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