PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303539
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303539
Global Electric Parking Brake Market Size study & Forecast, by System Type, by Vehicle Type and Regional Analysis, 2023-2030
Global Electric Parking Brake Market is valued at approximately USD 1.99 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2023-2030. An electronic parking brake (EPB), is a type of parking brake that operates through electronic control. Instead of using a traditional lever or pedal, the driver activates the brake by pressing a button. When engaged, the EPB electronically applies the brake pads to the rear wheels, holding the vehicle in place securely. The Electric Parking Brake Market is expanding because of factors such as increasing demand for fuel-efficient vehicles and increasing adoption of automated vehicle technology. However, the use of electric parking brakes in automobiles is growing due to decreased weight. An increase in the demand for vehicles with lower fuel consumption. Over the past few decades, the significance of EPBs has steadily grown.
According to Statista in 2020, the global count of fuel cell electric vehicles (FCEVs) stands at around 16,000. However, estimates suggest that there will be a significant compound annual growth rate of approximately 95.4 percent from 2020 to 2030. These projections indicate that the worldwide FCEV fleet is expected to surge to approximately 13 million units by 2030. The increasing adoption of automated vehicle technology has led to the development of electric parking brakes (EPB) that are more efficient and accurate than conventional emergency brake systems. EPBs are equipped with an electronic system that brings your vehicle to a halt when the EPB button is engaged. According to Statista in 2023, the size of the worldwide market for driverless vehicles was around 106 billion dollars. According to projections, the market will be worth more than 2.3 trillion dollars by 2030. Consequently, it is anticipated that the market for autonomous vehicles would expand globally. In addition, technological advancement in electric parking brake and integration of advanced driver assistance systems would create a lucrative growth opportunity. However, high repair costs and complex installation stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Electric Parking Brake Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising automotive industry, increasing investments in R&D in the automotive sector, and the presence of key market players in the region is expected to be the primary growth for the North American electric parking brake market. Asia Pacific is the fastest growing region during the forecast period, owing to factors such as the growing automotive industry and the rising demand for personnel vehicles along with safety features, rising disposable income, and growing standard of living is expected to increase the electric parking brake market growth in the Asia-Pacific region.
Major market player included in this report are:
- Chassis Brakes International
- Continental AG
- DURA Automotive Systems LLC
- Hyundai Mobis Co.Ltd. (South Korea)
- Huayu Automotive Systems co. Ltd.
- Mando-Hella Electronics Corp.
- Svenska Kullagerfabriken AB (Sweden)
- Wuhu Bethel Automotive Co. Ltd.
- Zhejiang Wanchao Electric Appliance Co. Ltd. (China)
- Hitachi Ltd.
Recent Developments in the Market:
- In May 2023, Hitachi created an autonomous driving technology by utilising the findings of 3D sensing of the surrounding vehicle environment, that helps in safely and smoothly passing by incoming vehicles on tight highways and in other situations. Utilising 3D sensing data from new stereo cameras with enhanced cost advantages, Hitachi seeks to increase its cost competitiveness.
Global Electric Parking Brake Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered:System Type, Vehicle Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By System Type:
- Cable Pull System
- Electric-Hydraulic Caliper Systems
By Vehicle Type:
- Light Commercial Vehicle
- Passenger Vehicle
- Heavy Commercial Vehicle
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Electric Parking Brake Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Electric Parking Brake Market, by System Type , 2020-2030 (USD Billion)
- 1.2.3. Electric Parking Brake Market, by Vehicle Type , 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Electric Parking Brake Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Electric Parking Brake Market Dynamics
- 3.1. Electric Parking Brake Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for fuel-efficient vehicles
- 3.1.1.2. Increasing adoption of automated vehicle technology
- 3.1.2. Market Challenges
- 3.1.2.1. High repair costs
- 3.1.2.2. Complexity in installation
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological advancement
- 3.1.3.2. Integration of Advanced Driver Assistance Systems.
- 3.1.1. Market Drivers
Chapter 4. Global Electric Parking Brake Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Electric Parking Brake Market, by System Type
- 5.1. Market Snapshot
- 5.2. Global Electric Parking Brake Market by System Type , Performance - Potential Analysis
- 5.3. Global Electric Parking Brake Market Estimates & Forecasts by System Type 2020-2030 (USD Billion)
- 5.4. Electric Parking Brake Market, Sub Segment Analysis
- 5.4.1. Cable Pull System
- 5.4.2. Electric-Hydraulic Caliper Systems
Chapter 6. Global Electric Parking Brake Market, by Vehicle Type
- 6.1. Market Snapshot
- 6.2. Global Electric Parking Brake Market by Vehicle Type , Performance - Potential Analysis
- 6.3. Global Electric Parking Brake Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
- 6.4. Electric Parking Brake Market, Sub Segment Analysis
- 6.4.1. Light Commercial Vehicle
- 6.4.2. Passenger Vehicle
- 6.4.3. Heavy Commercial Vehicle
Chapter 7. Global Electric Parking Brake Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Electric Parking Brake Market, Regional Market Snapshot
- 7.4. North America Electric Parking Brake Market
- 7.4.1. U.S. Electric Parking Brake Market
- 7.4.1.1. System Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Vehicle Type breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Electric Parking Brake Market
- 7.4.1. U.S. Electric Parking Brake Market
- 7.5. Europe Electric Parking Brake Market Snapshot
- 7.5.1. U.K. Electric Parking Brake Market
- 7.5.2. Germany Electric Parking Brake Market
- 7.5.3. France Electric Parking Brake Market
- 7.5.4. Spain Electric Parking Brake Market
- 7.5.5. Italy Electric Parking Brake Market
- 7.5.6. Rest of Europe Electric Parking Brake Market
- 7.6. Asia-Pacific Electric Parking Brake Market Snapshot
- 7.6.1. China Electric Parking Brake Market
- 7.6.2. India Electric Parking Brake Market
- 7.6.3. Japan Electric Parking Brake Market
- 7.6.4. Australia Electric Parking Brake Market
- 7.6.5. South Korea Electric Parking Brake Market
- 7.6.6. Rest of Asia Pacific Electric Parking Brake Market
- 7.7. Latin America Electric Parking Brake Market Snapshot
- 7.7.1. Brazil Electric Parking Brake Market
- 7.7.2. Mexico Electric Parking Brake Market
- 7.8. Middle East & Africa Electric Parking Brake Market
- 7.8.1. Saudi Arabia Electric Parking Brake Market
- 7.8.2. South Africa Electric Parking Brake Market
- 7.8.3. Rest of Middle East & Africa Electric Parking Brake Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Chassis Brakes International
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Continental AG
- 8.3.3. DURA Automotive Systems LLC
- 8.3.4. Hyundai Mobis Co. Ltd. (South Korea)
- 8.3.5. Huayu Automotive Systems co. Ltd.
- 8.3.6. Mando-Hella Electronics Corp.
- 8.3.7. Svenska Kullagerfabriken AB (Sweden)
- 8.3.8. Wuhu Bethel Automotive Co. Ltd.
- 8.3.9. Zhejiang Wanchao Electric Appliance Co. Ltd. (China)
- 8.3.10. Hitachi Ltd.
- 8.3.1. Chassis Brakes International
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Electric Parking Brake Market, report scope
- TABLE 2. Global Electric Parking Brake Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Electric Parking Brake Market estimates & forecasts by System Type 2020-2030 (USD Billion)
- TABLE 4. Global Electric Parking Brake Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
- TABLE 5. Global Electric Parking Brake Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 6. Global Electric Parking Brake Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Electric Parking Brake Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Electric Parking Brake Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Electric Parking Brake Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Electric Parking Brake Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Electric Parking Brake Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Electric Parking Brake Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Electric Parking Brake Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14. Global Electric Parking Brake Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15. U.S. Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16. U.S. Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 17. U.S. Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 18. Canada Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 19. Canada Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20. Canada Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 21. UK Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 22. UK Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23. UK Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 24. Germany Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 25. Germany Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26. Germany Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 27. France Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 28. France Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29. France Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 30. Italy Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 31. Italy Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32. Italy Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 33. Spain Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 34. Spain Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35. Spain Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 36. RoE Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 37. RoE Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38. RoE Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 39. China Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 40. China Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41. China Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 42. India Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 43. India Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44. India Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 45. Japan Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 46. Japan Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47. Japan Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 48. South Korea Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 49. South Korea Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50. South Korea Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 51. Australia Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 52. Australia Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53. Australia Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 54. RoAPAC Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 55. RoAPAC Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56. RoAPAC Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 57. Brazil Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 58. Brazil Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59. Brazil Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 60. Mexico Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 61. Mexico Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62. Mexico Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 63. RoLA Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 64. RoLA Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65. RoLA Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 66. Saudi Arabia Electric Parking Brake Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 67. South Africa Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68. RoMEA Electric Parking Brake Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 69. List of secondary sources, used in the study of global Electric Parking Brake Market
- TABLE 70. List of primary sources, used in the study of global Electric Parking Brake Market
- TABLE 71. Years considered for the study
- TABLE 72. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1. Global Electric Parking Brake Market, research methodology
- FIG 2. Global Electric Parking Brake Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Electric Parking Brake Market, key trends 2022
- FIG 5. Global Electric Parking Brake Market, growth prospects 2023-2030
- FIG 6. Global Electric Parking Brake Market, porters 5 force model
- FIG 7. Global Electric Parking Brake Market, pest analysis
- FIG 8. Global Electric Parking Brake Market, value chain analysis
- FIG 9. Global Electric Parking Brake Market by segment, 2020 & 2030 (USD Billion)
- FIG 10. Global Electric Parking Brake Market by segment, 2020 & 2030 (USD Billion)
- FIG 11. Global Electric Parking Brake Market by segment, 2020 & 2030 (USD Billion)
- FIG 12. Global Electric Parking Brake Market by segment, 2020 & 2030 (USD Billion)
- FIG 13. Global Electric Parking Brake Market by segment, 2020 & 2030 (USD Billion)
- FIG 14. Global Electric Parking Brake Market, regional snapshot 2020 & 2030
- FIG 15. North America Electric Parking Brake Market 2020 & 2030 (USD Billion)
- FIG 16. Europe Electric Parking Brake Market 2020 & 2030 (USD Billion)
- FIG 17. Asia pacific Electric Parking Brake Market 2020 & 2030 (USD Billion)
- FIG 18. Latin America Electric Parking Brake Market 2020 & 2030 (USD Billion)
- FIG 19. Middle East & Africa Electric Parking Brake Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
