This market research report presents a comprehensive analysis of the sale of electric parking brakes in passenger cars, light commercial vehicles, and heavy commercial vehicles. This research report presents segmentation analysis of the global electric parking brake EPB market with market shares for APAC, Americas, and EMEA 2014-2019. It includes an insightful study of the leading vendors such as Aisin Seiki, Continental, and ZF TRW.
Technavio has released updated information on the automotive market, with the publication of its new market research report, global EPB market. The global electric parking brake (EPB) market is expected to grow at a CAGR of 8% between 2015 and 2019, owing to the growing demand for safety and control. The EMEA region dominates the global market for EPB, occupying around 53% of the total market share. This region is expected to lead the market during the forecast period, thanks to the strong demand for manual transmission systems.
“EPBs in vehicles are replacing the handbrake and foot pedal with a control switch and electrical cables. This reduces the gross weight of the vehicle, and provides adequate interior space for the auto manufacturers to enhance safety and entertainment features. Various companies are combining EPBs with safety systems to help the driver in avoiding road fatalities. Several emerging markets are also increasing their demand for advanced active safety systems such as EPBs and driver assistance systems,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
EPBs enhance emergency braking and help in preventing potentially dangerous situations such as rolling back on slopes. As they are electrically controlled, they can be easily integrated with various safety systems and sensors in automobiles. Manufacturers are enhancing the utilities of EPB systems by integrating them with other vehicle functions. For instance, integration of EPBs with the ignition system will automatically activate the EPBs as soon as the vehicle is turned on.
The leading vendors in the global EPB market are Aisin Seiki, Continental, and ZF TRW. This market is capital-intensive, owing to the need for advanced technological expertise. The market will witness the entry of many large companies and startups during the forecast period.
A more detailed analysis is available in the Technavio report, Global Electric Parking Brake (EPB) Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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