Technavio, a tech-focused market research firm, has published a new report on the global automotive EPB market, which is expected to experience a steady growth rate with a CAGR of more than 8% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global automotive EPB market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global automotive EPB market into the following key regions: the Americas, APAC, and EMEA.
Geographical segmentation of the global automotive EPB market for 2015 (market share %)
|
EMEA |
53.56% |
|
APAC |
24.70% |
|
Americas |
21.73% |
Source: Technavio
EMEA: largest revenue generating region for automotive EPB
During 2015, EMEA dominated the global market for EPB with a market share of close to 54%. The growth of the market is attributable to the high uptake of automotive EPB systems, which is due to the improving car sales in the Eurozone and the rising adoption of EPB in vehicles by OEMs. The presence of global automobile manufacturers and major luxury brands such as BMW, Audi, and Mercedes-Benz in the region makes EMEA one of the largest markets with a high potential for growth.
According to Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics, “EPB manufacturers are collaborating with automobile manufacturers to developing EPB system for the low-priced automobile segment. Continental is currently developing EPB concept for drum brakes. The company is also planning to combine drum brakes with EPB to offer push-button operation in compact and affordable cars. This, in turn, will offer the same comfort, safety, and convenience function as available in premium vehicles.”
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Automotive EPB market in APAC
The automotive EPB market in APAC accounted for almost 25% of the global market during 2015. The demand for EPB systems region is fueled primarily by the rising demand for safety features from consumers in developing countries such as China. Furthermore, the regional Chinese players are likely to follow the globally well-established players in innovating EPB products and may win over the existing market leaders in terms of pricing. Several globally established suppliers like TRW and Continental are collaborating with OEMs to increase the penetration levels in APAC.
Automotive EPB market in the Americas
The EPB market in the Americas accounted for more than 2 million units in 2015 and is expected to reach around 3 million units by 2020. The US’s drive toward upgrading SAE automation levels and embracing ADAS in the overall passenger cars market, especially the luxury cars is likely to be the fundamental driver for the growth of the automotive EPB market in the Americas. Furthermore, the prevalence of regulations such as CAFE and NCAP in the US is driving the market for advanced in-vehicle systems such as EPB to enhance functionalities of ADAS and active safety systems.
The top leading vendors operating in the global automotive EPB market are:
- Aisin Seiki
- Continental
- ZF TRW
Other prominent vendors in the market include ADVICS, Akebono, Bosch, DURA Automotive Systems, HYUNDAI MOBIS, KUSTER Automotive Control Systems, Mando-Hella Electronics, and SKF.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive EPB Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Regenerative Braking System Market 2016-2020
- Global Automotive Advanced Emergency Braking System Market 2016-2020
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