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Vehicles Electronic Parking Brake (EPB) Market: The Key To Successful Business Strategy Forecast Till 2031

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DavidLevy
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Market Overview and Report Coverage

A Vehicles Electronic Parking Brake (EPB) is an electronically controlled parking brake system that has replaced the traditional handbrake lever in many vehicles. It offers convenience and safety features such as automatic engagement and disengagement, hill-start assist, and integrated brake hold function.

The future outlook for the Vehicles Electronic Parking Brake (EPB) Market is promising, with a projected growth rate of % during the forecasted period. This growth can be attributed to the increasing demand for advanced safety features in vehicles, as well as the rising adoption of electric and autonomous vehicles. The current market trends show a shift towards electric vehicles and the integration of electronic parking brake systems in luxury and mid-range vehicles.

Overall market growth analysis indicates a steady increase in the adoption of Vehicles Electronic Parking Brake (EPB) systems, driven by technological advancements and the need for improved vehicle safety and performance. The market forecast predicts a rise in demand for EPB systems in emerging markets, as well as in the commercial vehicle sector. With the automotive industry moving towards electrification and automation, the Vehicles Electronic Parking Brake (EPB) Market is poised for significant growth in the coming years.

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Market Segmentation

The Vehicles Electronic Parking Brake (EPB) Market Analysis by types is segmented into:

  • Caliper Integrated EPB
  • Cable Puller EPB

 

The Vehicles Electronic Parking Brake (EPB) market can be categorized into two main types: Caliper Integrated EPB and Cable Puller EPB. Caliper Integrated EPB systems integrate the parking brake mechanism into the caliper of the brake system, providing quick and precise control. On the other hand, Cable Puller EPB systems use electronically-controlled cables to engage the parking brake, offering flexibility in installation and maintenance. Both types of EPB systems are becoming increasingly popular in the automotive industry for their advanced technology and improved performance.

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The Vehicles Electronic Parking Brake (EPB) Market Industry Research by Application is segmented into:

  • Sedans
  • SUVs
  • Others

 

The Electronic Parking Brake (EPB) is used in vehicles such as sedans, SUVs, and others to provide a more convenient and efficient way of engaging the parking brake. In sedans, the EPB helps to improve space utilization in the cabin, while in SUVs, it offers enhanced safety and control when parking on inclines. The EPB is also utilized in other types of vehicles to provide drivers with a simple and reliable method of securing their vehicle when parked.

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In terms of Region, the Vehicles Electronic Parking Brake (EPB) Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Vehicles Electronic Parking Brake (EPB) market?

The global vehicles electronic parking brake (EPB) market is experiencing several emerging and current trends. One major trend is the increasing demand for advanced safety features in vehicles, driving the adoption of EPBs as a more efficient and reliable alternative to traditional mechanical parking brakes. Additionally, the integration of EPBs with automated parking systems and electric vehicles is becoming more prevalent. The market is also witnessing a shift towards the development of smart EPBs with integrated electronic control units for improved functionality and performance. Overall, the market is expected to continue growing as technological advancements and safety regulations drive innovation in the automotive industry.

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Major Market Players

The global market for Electronic Parking Brake (EPB) systems is highly competitive, with key players such as ZF, Continental, Chassis Brakes International, Küster, Aisin, Mando, Hyundai Mobis, Zhejiang Libang Hexin, and Wuhu Bethel Automotive. Each of these companies offers a range of EPB systems with varying features and capabilities, catering to the diverse needs of the automotive industry.

ZF is a leading player in the EPB market, with a strong presence in Europe, North America, and Asia. The company has experienced significant growth in recent years, driven by the increasing adoption of electronic parking brakes in both passenger and commercial vehicles. Continental is another major player in the market, known for its innovative EPB solutions that offer superior performance and reliability.

In terms of market size, the global EPB market is expected to reach a value of over $5 billion by 2025, with a compound annual growth rate of around 6%. This growth is fueled by the rising demand for advanced safety features in vehicles, as well as the increasing focus on automation and electrification in the automotive industry.

Some of the key trends in the EPB market include the development of integrated EPB systems that combine electronic parking brakes with other functions such as automatic hold and hill start assist. Additionally, manufacturers are focusing on enhancing the performance and efficiency of EPB systems through the use of advanced materials and technologies.

While specific sales revenue figures for individual companies are not publicly available, it is worth noting that players such as ZF and Continental are likely to have a significant market share in the global EPB market, given their strong brand reputation and product offerings. Overall, the competitive landscape of the EPB market is dynamic and evolving, with opportunities for growth and innovation for companies that can adapt to changing market trends and customer needs.

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