Global Electric Parking Brake Market was valued at USD 9.08 billion in 2021 and is expected to reach USD 17.45 billion by the year 2028, at a CAGR of 9.77%.

An electric parking brake is a system used for the vehicle to stop on the flat ground or on the hill from moving. The less components, compact size and easy to handle as compared to the traditional mechanical brake system has an advantage for the electric brake system. Electric parking brake comprises of ECU (electronic control unit), electric switch and actuator mechanism that guarantees optimum brake power and efficiency in operation. Also, it is used in driver support functions such as hill start assist functions. According to the analyst, the major driving factors for the Electric Parking Brake market size 2020 is expected to be USD 8250.62 million due to the strict environment regulations regarding the road and traffic safety there has been an increased adoption for the automated vehicle technology and increased demand for the for fuel efficient and other vehicles.

The latest research on the Electric Parking Brake market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Electric Parking Brake industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electric Parking Brake market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Key Industry Players in Electric Parking Brake Market:

· ZF

· Continental

· Chassis Brakes International

· Küster

· Aisin

· Mando

· Hyundai Mobis

· Zhejiang Libang Hexin

· Wuhu Bethel Automotive

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The Report Will Contains A Crucial Chapter:

· Patent Analysis

· Regulatory Framework

· Technology Roadmap

· BCG Matrix

· Heat Map Analysis

· Price Trend Analysis

· Investment Analysis

· Company Profiling and Competitive Positioning

· Industry Value Chain Analysis

· Market Dynamics and Factors

· Porter’s Five Forces Analysis

· Pestle Analysis

· SWOT Analysis

Segmentation Analysis Includes,

By Type:

· Caliper Integrated EPB

· Cable Puller EPB

By Application:

· Sedans

· SUVs

· Others

By Region:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of SA)

An in-depth analysis of demand forecasts, market tendencies, and key micro and macro variables is included in the research. The factors that are driving and inhibiting the growth of the Electric Parking Brake market are also revealed in the report. Using analytical tools like Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electric Parking Brake market, the study provides insights into the industry. Further, it examines current market trends and gives predictions from 2022-2028. We have also highlighted upcoming market trends that will have an impact on demand within the anticipated time frame. In addition, the competition analysis included in each regional market sheds light on the market share of the major players. Experts in the industry-validated the accuracy of the information we gathered from Electric Parking Brake manufacturers, suppliers, consumers, trade groups, government agencies, trade journals, external databases, and our internal databases.

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The goal in purchasing this Report:

· A market analysis prediction of Electric Parking Brake market’s representation, supply and demand, capacity, in-depth investigations, etc.

· Both the report and the international series conduct a thorough investigation of the laws, regulations, and current policy.

· Additional factors are also mentioned, including imports, the setting of Electric Parking Brake market commodity prices, the supply and demand for industry products, and significant manufacturers.

· The report begins with Electric Parking Brake market statistics before moving on to crucial points and classifying dependent markets by market trend and application.

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Electric Parking Brake market:Global Analysis & Forecast2023-2029