The electric parking brake is also known as the automatic parking brake (APB). This system offers the driver more comfort and convenience. Moreover, as the h and lever is not utilized, the car manufacturers have more liberty of choice as to where they place the operating parts in the vehicle. The electric park brake comes with features such as hill- or auto-hold. The hill-hold feature stops the vehicle rolling away accidentally when setting off or st and ing still. On the other h and , auto-hold keeps the brake pressure applied after the driver releases the pedal. Some of the functionality of the electric parking brake includes dynamic emergency brake function, adaptive hill-start assistant, parking brake, and brake pad wear control.
The strong competition in the automotive sector, the increasing electronic content per vehicle, and the government’s urge to make safer vehicles have resulted in the m and atory installation of advanced driver assistance systems such as EPB by the automakers. This has not only offered lucrative opportunities for the present players but also expected to result in escalating the market’s competitive environment. Further, the rise in the adoption of electric vehicles is another factor of the automotive electric parking brake market growth.
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Leading Automotive Electric Parking Brake Market Players:
1. AISIN SEIKI Co. , Ltd.
2. Allegro MicroSystems, LLC
3. Brembo S. p. A.
4. Continental AG
5. EMC, LLC (The AEVIT)
6. HELLA GmbH Co. KGaA
7. Hyundai Mobis
8. K?ster Holding GmbH
10. ZF Friedrichshafen AG
The exclusive report on Automotive Electric Parking Brake Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a universal view of the market. The report gives an in-detailed information across global regions, including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research methodology model to formulate the report that help decision makers take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative information of the market backed by the primary interview of KOLs and SME’s. This model negates any drastic deviation in the market estimation and is used is used to estimate the Automotive Electric Parking Brake Market size and forecasts till 2027.
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Automotive Electric Parking Brake Market to 2027 – Global Analysis and forecast is a specialized and in-depth study of the Virtual Reality industry with a focus on the global market trend. The report provides an overview of global Automotive Electric Parking Brake Market with detailed market segmentation by product/application and regions.
The global Automotive Electric Parking Brake Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the key players and offers key trends and opportunities in the market.
The Automotive Electric Parking Brake Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Automotive Electric Parking Brake Market based on product and application. It also provides market size and forecast till 2027 for overall Automotive Electric Parking Brake Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America and Central America (SCAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Automotive Electric Parking Brake Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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