Global Electric Parking Brake Market Growth 2023-2029

Global Electric Parking Brake Market Growth 2023-2029

Electric parking brake is a substitute of traditional handbrake. Electric parking brake eliminates the need for a parking brake lever or pedal and improves vehicle styling, space management and crashworthiness. It's a lot easier for automakers to design their interiors and to add new features and options.

LPI (LP Information)' newest research report, the “Electric Parking Brake Industry Forecast” looks at past sales and reviews total world Electric Parking Brake sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Parking Brake sales for 2023 through 2029. With Electric Parking Brake sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Parking Brake industry.

This Insight Report provides a comprehensive analysis of the global Electric Parking Brake landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Parking Brake portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Parking Brake market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Parking Brake and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Parking Brake.

The global Electric Parking Brake market size is projected to grow from US$ 6965.9 million in 2022 to US$ 11610 million in 2029; it is expected to grow at a CAGR of 11610 from 2023 to 2029.

Global electric parking brake key players include ZF, Continental, Küster, Dura, Mando, etc. Global top 5 manufacturers hold a share over 80%.

Europe is the largest market, with a share over 37%, followed by Asia-Pacific, have a share over 36%.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Parking Brake market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Caliper Integrated EPB

Cable Puller EPB

Segmentation by application

Sedans

SUVs

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ZF

Continental

Chassis Brakes International

Küster

Aisin

Mando

Hyundai Mobis

Zhejiang Libang Hexin

Wuhu Bethel Automotive

Advics (Aisin)

Huayu Automotive Systems

Hitachi Astemo

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Parking Brake market?

What factors are driving Electric Parking Brake market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Parking Brake market opportunities vary by end market size?

How does Electric Parking Brake break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.