Electric Parking Brake Market Comprehensive Research Study, Competitive Landscape and Forecast to 2027


Posted July 7, 2023 by nirankammr

Electric Parking Brake Market size was valued at USD 1.78 Bn. in 2021 and the total Electric Parking Brake revenue is expected to grow at a CAGR of 12.0% from 2022 to 2029, reaching nearly USD 4.41 Bn.
 
Electric Parking Brake Market Overview:

The Electric Parking Brake market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Electric Parking Brake Market, as well as the reasons for variations in the industry's growth in various locations.

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Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

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Segmentation:

by Vehicle Type

1. Passenger Vehicle
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle

by System Type

1. Cable Pull System
2. Electric-hydraulic Caliper Systems

by Component

1. CaliperIntegrated System
2. Electronic Control Unit
3. Sensors
4. Actuators

Key Players in the Electric Parking Brake Market are:

1. Hyundai Mobis
2. SKF Group
3. Aisin Seiki Co., Ltd.
4. Akebono Brake Industry Co., Ltd.
5. Hitachi, Ltd.
6. Toshiba Corporation
7. Brembo S.p.A.
8. Robert Bosch GmbH
9. Sanken Electric Co., Ltd.
10. ZF Friedrichshafen AG
11. Shougang Group Co., Ltd.
12. HELLA GmbH & Co. KGaA
13. Dura Automotive Systems
14. TRW Inc.
15. KUSTER Holding GmbH
16. Continental AG
17. DURA Automotive Systems
18. Aisin Corporation
19. Mando Corporation
20. AB SKF
21. Hyundai Mobis
22. Wuhu Bethel
23. APG
24. Zhejiang Wanchao
25. Mando

Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Electric Parking Brake market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Electric Parking Brake Market:

Due to a break in operations, end-user sectors where Electric Parking Brake are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Electric Parking Brake manufacturers, affecting the development of the Electric Parking Brake market in 2020. End-user business demand for Electric Parking Brake has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Electric Parking Brake Market Report are:

Which segment had the largest share in the Electric Parking Brake market in 2021?
What is the competitive landscape of the Electric Parking Brake market?
Which are the key drivers aiding the Electric Parking Brake market growth?
Which region has the maximum share in the Electric Parking Brake market?
What will be the CAGR of the Electric Parking Brake market during the forecast period (2022-2027)?
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Issued By MMR
Country India
Categories Affiliate Program , Blogging , Business
Tags electric parking brake market , electric parking brake market size , electric parking brake market share
Last Updated July 7, 2023