Press release
Electric Parking Brake Market: Recent Industry Trends and Projected Industry Size by 2017 - 2025
Globally, automotive industry is witnessing significant technological advancements in the conventional systems. In order to replace the usual lever operated hand brake system, manufacturers devised a modern electric parking brake. Some of the key drivers of global electric parking brake market include, increasing penetration of autonomous vehicle technology and increasing concerns towards road safety.
Furthermore, Adoption of electric parking brake allows significant weight saving compared to mechanical parking brake systems which aids in enhanced fuel economy and reduced emissions. Electronic control of electric parking brake allows for integration with other safety technologies, thus drives the global electric parking brake market. Previously, electric parking brake technology was limited to premium passenger cars, which was limiting its growth.
In order to cater car manufacturers’ expectations to reduce cost, weight and size, manufacturers are offering caliper integrated versions. In this system, the controls and power stages are integrated into the ESC controller. Moreover, manufacturers are striving to develop low cost electric parking brake system for compact and mid-size vehicles. With the aim of providing smart functionality & identifying when to apply and release the electric parking brake, manufacturers are integrating ECU into the vehicle’s network architecture. This facilitates the evaluation of data from engine, transmission, position of clutch, throttle and wheel sensors.
Global Electric Parking Brake Market: Market Segmentation
Global electric parking brake market can be segmented on the basis of product type and application of use. On the basis of product type, global electric parking brake market can be segmented as Electric-Hydraulic Caliper System, Cable-Pull System. On the basis of application, global electric parking brake market can be segmented as Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles.
Global Electric Parking Brake Market: Regional Outlook
Global electric market is expected to grow at moderate CAGR in European region, due to relatively high adoption of electric parking brake technology in the region. In Americas region, investments in new auto factories in Mexico and developing auto ancillary business are providing firm potential for supply of electric parking brake components. Consequently adoption of electric parking brake technology is expected to witness significant growth in the region.
Sales of automotive in U.S. are expected to remain stagnant for coming few years. Middle East and Africa, a laggard in this technology, is likely to observe strong and consistent automobile sales growth and thus, electric parking brake market is anticipated to grow at significant rate in the region. In Asia Pacific region adoption of this technology is increasing significantly. China, being one of the prominent auto market is expected to boost annual automobile sales with installation of electric parking brakes.
Electric Parking Brake Market: Key Participants
Examples of some of the market participants in the global electric parking brake market discerned across the value chain include: Küster Holding GmbH, DURA, Hitachi Automotive Systems, Ltd., Continental AG, SKF Group, ZF TRW, Aisin Seiki Co., Ltd., Mando.
Request for more detailed information (TOC And Sample): https://www.persistencemarketresearch.com/samples/17455
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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: Recent Industry Trends and Projected Industry Size by 2017 - 2025 here
News-ID: 690644 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
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…
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…
