Electric Parking Brake System Market to Witness Comprehensive Growth by 2025

Nov 03, 2020:  In this report, global Electric Parking Brake System Market will reach 10.26 Billion USD by the end of 2022 with a CAGR of 11.86%

The global Electric Parking Brake System market is valued at 5.86 Billion USD in 2017 and will reach 10.26 Billion USD by the end of 2022, growing at a CAGR of 11.86% during 2017-2022.

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.

Electric Parking Brake System can be divided into two categories--Caliper Integrated EPB and Cable Puller EPB. Caliper Integrated EPB production market share accounted for the highest proportion, with a figure of 85.58% in 2017, Cable Puller EPB account for 14.42%.

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The sales market share of global Electric Parking Brake System in sedans use, SUVs use and other vehicles use have been stable year by year, at 68.96%, 24.54% and 6.50% respectively in 2017. This indicates that the segment of the Electric Parking Brake System in the global market tends to be fixed without great changes. Among them, the Electric Parking Brake System market has the most promising sales prospects in Sedans use.

XYZ research center data shows that Europe is the biggest contributor to the Electric Parking Brake System revenue market, accounted for 42.30% of the total global market with a revenue of 2.48 Billion USD in 2017, followed by North America, 32.75% with a revenue of 1.92 Billion USD.

ZF TRW is the largest company in the global Electric Parking Brake System market, accounted for 67.47% of the revenue market share in 2017, followed by Continental and Zhejiang Libang Hexin, accounted for 19.76% and 2.92% of the revenue market share in 2017.

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As the policies published by Chinese government support domestic electric parking brake industry, both the foreign manufacturers and domestic manufacturers can get some favorable condition. The number of new competitors may be more and some may prefer to cooperate with foreign manufacturers to maximize the advantages of both sides.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Electric Parking Brake System in these regions, from 2014 to 2026 (forecast), covering

• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

• North America (United States, Canada and Mexico)

• Europe (Germany, France, UK, Russia and Italy)

• South America (Brazil, Argentina, Columbia)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Electric Parking Brake System market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• ZF TRW

• Continental

• Kuster

• Dura

• Mando

• AISIN

• Hyundai Mobis

• Zhejiang Libang Hexin

• Wuhu Bethel

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• Caliper Integrated EPB

• Cable Puller EPB

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Electric Parking Brake System for each application, including

• Sedans

• SUVs

• Others

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