Electric Parking Brake Market : Global Trends, Growth, and Forecast

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 Report Overview

The Electric Parking Brake market report is based on primary and secondary data, and uses tools such as SWOT, PORTER, PESTLE, and the bottom-up approach to analyze the data. The segment-wise and region-wise analysis of the Electric Parking Brake market helps to understand the market structure and is useful for investors who are considering investing in the market.

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Electric Parking Brake Market 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

Electric Parking Brake Key Players

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

Electric Parking Brake Market Report Scope and Research Methodology

The report provides data on emerging trends, market drivers, growth opportunities, and restraints that could change the market dynamics of the Electric Parking Brake industry. It offers an in-depth analysis of the Electric Parking Brake market segments and their sub-segments and regions.

The Electric Parking Brake market report aims to provide historical data and forecast revenue growth at global, regional, and country levels. The key methodology used by the MMR team is data triangulation, which involves data mining, analysis of the impact of data variables on the Electric Parking Brake market, and primary (industry expert) validation. Secondary data was collected from the annual or financial reports of market players along with paid and free databases. Primary data was collected by interviewing Electric Parking Brake industry experts. The bottom-up approach was used to estimate the regional and global Electric Parking Brake market size. PESTLE analysis was used to provide macro and microeconomic factors influencing the market growth. SWOT analysis was used to provide strengths, weaknesses, opportunities, and threats of market players and the Electric Parking Brake industry.

Electric Parking Brake Market Regional Insights

Major countries in each region are included in the report according to their revenue contribution to the global Electric Parking Brake market. The study includes a region-wise detailed analysis of the Electric Parking Brake market. The regions are: North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. 

 

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Key questions answered in the Electric Parking Brake Market are:

  • What are Electric Parking Brake?
  • What was the Electric Parking Brake Market size in 2021?
  • What is the expected Electric Parking Brake Market size by the end of the forecast period?
  • What are the global trends in the Electric Parking Brake Market?
  • What are the upcoming industry End-Use Industry and trends for the Electric Parking Brake Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Electric Parking Brake Market? 
  • How is the intervention from regulatory authority shaping the Electric Parking Brake Market?
  • What growth strategies are the players considering to increase their presence in Electric Parking Brake?
  • Who are the leading companies and what are their portfolios in Electric Parking Brake Market? 
  • What are the major challenges that the Electric Parking Brake Market could face in the future? 
  • Who held the largest market share in Electric Parking Brake Market? 

Key Offerings:

  • Market Share and Size 
  • Market Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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