Global Electrical Park Brake (Epb) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrical Park Brake (Epb) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electric parking brakes (EPB) are used in passenger vehicles to keep the vehicle stationary on grades and on flat roads.

Market Overview:

The latest research study on the global Electrical Park Brake (Epb) market finds that the global Electrical Park Brake (Epb) market reached a value of USD 6539.25 million in 2022. It’s expected that the market will achieve USD 8690.62 million by 2028, exhibiting a CAGR of 4.85% during the forecast period.

Electrical Park Brake (Epb) Market Forecast Under COVID-19

Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities.
However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together. COVID-19 will definitely affect the car sales in various regions and indirectly affect the Electric parking brakes (EPB) market.

Segmentation Overview:

Among different product types, Electric-Hydraulic Caliper System segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electrical Park Brake (Epb) market covered in Chapter 3:

Advics
Hitachi Automotive Systems, Ltd.
Küster Holding GmbH
Mando
Hyundai
ZF TRW
SKF Group
Continental AG
Aisin Seiki Co., Ltd.
DURA

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrical Park Brake (Epb) market from 2018 to 2029 is primarily split into:

Electric-Hydraulic Caliper System
Cable-Pull System

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrical Park Brake (Epb) market from 2018 to 2029 covers:

Passenger Vehicles
Commercial Vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)