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 Electric Parking Brake System Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

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 2021-2027.

First, this report covers the present status and the future prospects of the global Electric Parking Brake System market for 2015-2027.

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

Electric Parking Brake System Market by Type
Caliper Integrated EPB
Cable Puller EPB
Electric Parking Brake System Market by Application
Sedans
SUVs

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.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Electric Parking Brake System market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Electric Parking Brake System market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Electric Parking Brake System market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

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 - 2027?
• What are the driving forces in the Electric Parking Brake System market for the forecast period 2021 - 2027?
• 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?

For any other requirements, please feel free to contact us and we will provide you customized report.

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