Demand For Electric Parking Brake Is Forecast To Expand 3x Across The Forecast Period 2021-2031

Electric Parking Brake Market Analysis by Type (Electric-Hydraulic Caliper System, Cable-Pull System Electric Parking Brake), by Component (Electronic Control Unit, Electric Parking Brake Actuator), by Vehicle Type, by Sales Channel, by Region – Global Insights 2021-2031

Newly released data from Fact.MR establishes that the global sales of electric parking brakes are expected to surpass a CAGR of 12% from 2021 to 2031, expected to be valued at nearly US$ 4 Bn. As of 2020, overall market revenue clocked a valuation of nearly US$ 1.3 Bn. The market is forecast to expand 3x across the forecast period.

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Prominent Key Players Of The Electric Parking Brake Market Survey Report:

  • TRW Inc.
  • KUSTER Holding GmbH
  • Continental AG
  • DURA Automotive Systems
  • Aisin Corporation
  • Mando Corporation
  • AB SKF
  • Hyundai Mobis
  • Wuhu Bethel
  • APG
  • Zhejiang Wanchao

Key Segments Covered

  • Type

    • Electric-Hydraulic Caliper System Parking Brake
    • Cable-Pull System Electric Parking Brake
  • Component

    • Electronic Control Unit
    • Electric Parking Brake Actuator
    • Electric Parking Brake Switch
  • Vehicle Type

    • Electric Parking Brake for Passenger Cars
    • Electric Parking Brake for Light Commercial Vehicles
    • Electric Parking Brake for Heavy Commercial Vehicles
  • Sales Channel

    • Electric Parking Brake Sales for OEM
    • Electric Parking Brake for Aftermarket

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the Electric Parking Brake Market report provide to the readers?

  • Electric Parking Brake fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Electric Parking Brake player.
  • Various regulations imposed by the governments on the consumption of Electric Parking Brake in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Electric Parking Brake.

The report covers following Electric Parking Brake Market insights and assessment that are helpful for all participants involved in the Electric Parking Brake market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Electric Parking Brake
  • Latest industry Analysis on Electric Parking Brake Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Electric Parking Brake Market and changing consumer preferences in major industries.
  • Changing Electric Parking Brake demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Electric Parking Brake major players
  • Electric Parking Brake Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Electric Parking Brake demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Electric Parking Brake Market report include:

  • How the market for Electric Parking Brake has grown?
  • What is the present and future outlook of the global Electric Parking Brake on the basis of region?
  • What are the challenges and opportunities for the Electric Parking Brake?
  • Why the consumption of Electric Parking Brake highest in region?
  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Electric Parking Brake market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Electric Parking Brake market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Electric Parking Brake market and assists to create strategies to overcome the obstacles that may hinder the growth of the Electric Parking Brake market.
  • Leverage: The Electric Parking Brake market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Electric Parking Brake market.

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