The global Electric Parking Brake Market was valued at USD 7542.73 million in 2019 and is expected to reach USD 14394.13 million by the year 2026, at a CAGR of 9.77%.
The Global “Electric Parking Brake Market” Report provides an assessment from 2021 to 2027. This research report categorizes global markets by business, geographic, type, and end-use industries. This report lists some key elements from the basics to advanced market information that is fundamental for management. The analysis thoroughly delivering insights into the market for better business decisions, considering multiple aspects that can decide direction of evaluation of industry.
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The electric parking brake or EPB is an advanced version of the traditional parking brake or handbrake. This system is sometimes referred to as the “electric parking brake.” Technically, this system is a subpart of the more advanced “brake-by-wire” system. Traditional parking brakes use a cable that connects the handbrake lever to the brake shoe. When the driver operates the lever, the tension in the cable increases and the brake shoe (or pad) is pressed against the brake drum (or disc). The main function of the parking brake is to keep the vehicle stationary when parking. In addition, these brakes also play an important role in avoiding backward movement of the vehicle, which resumes movement on the slope. In general, the parking brake only works on the rear wheels of the vehicle.
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Leading players involved in the Electric Parking Brake Market includes:
ZF, Continental, Chassis Brakes International, Küster, Aisin, Mando, Hyundai Mobis, Zhejiang Libang Hexin, Wuhu Bethel Automotive
This report on Electric Parking Brake market includes major key factors that are proved to drive their businesses in a healthy direction for instance, key trends, the industry’s current drawbacks, and opportunities for stakeholders and shareholders to bring the future. The market has also been reviewed in terms of profit. Dynamics such as market drivers, redemptions and opportunities combine to help you gather statistics on future growth in the global market of- Electric Parking Brake.
The analysis also divides the Electric Parking Brake Market on the grounds of main Product Type:
Caliper Integrated EPB, Cable Puller EPB
The analysis also divides the Electric Parking Brake Market on the Applications:
Sedans, SUVs, Others
Regional Segment Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
- South America (Brazil, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, South Africa, etc.)
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Our sincere research progresses forward and expounds the factors affecting the global Electric Parking Brake market with the help of drivers, restraints, trends, opportunities and challenges which are mentioned to be some of said obliging business standards. In addition, this report can be employed by both newest key players struggling in the global market and also by the seniors who have successfully grown in this industry.
The report provides practical and true information about every segment of the Global Electric Parking Brake market size, growth, latest developments, revenue value, demand, types and application of specific products. Electric Parking Brake Market growth is studied the roles of key vendors involved in the industry, including competitive analysis, company overview, financial summary, and SWOT analysis. This market report offers several presentations and illustrations of the market which consists of graphs and charts.
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Key Purpose to Buy this Report:
- Gain a comprehensive understanding of the global Electric Parking Brake market through insightful analysis of the market.
- Understand the most prominent driving and control measures in Electric Parking Brake market.
- Learn about the market strategies that each major organization is approved.
- Understand the future prospects and outlook for the Electric Parking Brake market.
The report also summarized the high revenue that has been generated across locations like, North America, Japan, Europe, Asia, and India along with the facts and figures of market. It focuses on the major points, which are necessary to make positive impacts on the market like policies, international transactions, assumption, and supply demand in the global Electric Parking Brake market. Additionally, many of the market participants are anticipated to make a foray into the emerging economies that are yet to be explored so as to find new opportunities.
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