Electric Parking Brake System Market (Updated Version Available)

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.
With the fast increase of automobile production, the electric parking brake market will develop fast in next years. The prospect of electric parking brake industry is good. The growth rate of European automobile production may be low, but the high penetration of electric parking brake keeps it as large market demand. The fast growing rate of automotive electric parking brake system makes it more common for general cars, not only belong to luxury cars.

In the next years, the growth rate of Chinese automobile production will be higher than other regions. Almost all of top electric parking brake manufacturers have built plants in China and they have occupied large share of electric parking brake market.

There is large technical gap between electric parking brakes produced by Chinese manufacturers and foreign manufacturers. To expand the market share, these domestic manufacturers must invest more money and time on research and development.

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.

The market share of traditional brake is still large and the complete replacement of traditional brake still need a long time. Correspondingly, new brake technologies may appear in the future.


The report offers detailed coverage of Electric Parking Brake System industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Electric Parking Brake System by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Electric Parking Brake System market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Electric Parking Brake System market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
ZF TRW
Continental
Küster
Dura
Mando
AISIN
Hyundai Mobis
Zhejiang Libang Hexin
Wuhu Bethel

At the same time, we classify Electric Parking Brake System according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Caliper Integrated EPB
Cable Puller EPB
Market by Application
Sedans
SUVs
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electric Parking Brake System market for the forecast period 2021 - 2025?
• What are the driving forces in the Electric Parking Brake System market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electric Parking Brake System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?