In this report, Fior Markets covers the present scenario (with the base year being 2017) and the growth prospects of global Electric Parking Brake market for 2018-2023.
Electric parking brake (EPB) 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.
Europe is the largest supply area of electric parking brake, the production market share of Europe was 35% in 2015. North America is the second supply area with the production market share of 29%.
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Europe is the biggest consumption area of electric parking brake, the consumption of Europe was more than 4300 K units in 2015 with the consumption market share of 44%. North America is the second consumption area with the consumption market share of 33% in 2015.
Market competition is not intense. The top 5 manufacturers occupied the global production market share of 80%. TRW, KUSTER, Continental, DURA, AISIN are the leaders of the industry. With the key technologies and patents, they formed the global market channel of the industry.
The electric parking brake is developing in recent years, and it has a huge demand in the future market.
Over the next five years, LPI(Fior Markets) projects that Electric Parking Brake will register a 17.5% CAGR in terms of revenue, reach US$ 4340 million by 2023, from US$ 1650 million in 2017.
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.
To calculate the market size, Fior Markets considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Electric-hydraulic Caliper Systems
- Cable-pull Systems
Segmentation by application:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
This report also splits the market by region:
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Hyundai Mobis
- Wuhu Bethel
- Zhejiang Wanchao
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Electric Parking Brake consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Electric Parking Brake market by identifying its various subsegments.
Focuses on the key global Electric Parking Brake manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Parking Brake with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Parking Brake submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.