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.
Scope of the Report:
This report focuses on the Electric Parking Brake System in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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 worldwide market for Electric Parking Brake System is expected to grow at a CAGR of roughly 11.2% over the next five years, will reach 11100 million US$ in 2023, from 5860 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Zhejiang Libang Hexin
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Caliper Integrated EPB
Cable Puller EPB
Market Segment by Applications, can be divided into
There are 15 Chapters to deeply display the global Electric Parking Brake System market.
Chapter 1, to describe Electric Parking Brake System Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Electric Parking Brake System, with sales, revenue, and price of Electric Parking Brake System, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Electric Parking Brake System, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Electric Parking Brake System market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Electric Parking Brake System sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source