Global Electric Parking Brake (EPB) Market 2015-2019

Research scope of the global electric parking brake market

In this report, Technavio market research analysts have pinpointed the key factors impacting the market shares and growth prospects of the global EPB market from 2015 to 2019. To calculate the market size, analysts have considered the production units of EPB in the market by OEMs.

With the traditional markets in Europe and the Americas experiencing a decline in demand, the automotive industry in developing economies is sustaining the growth of electric parking brakes. Many international vehicle manufacturers such as GM, which already has 28 production plants in China and plans to open three more in the next few years, will buoy the market demand for EPBs during the forecast period. On the basis of production units, the global automotive market is expected to reach over 118 million units by 2019.

Segmentation of the global EPB market by vehicle type

• Passenger cars 
• Light commercial vehicles            
• Heavy commercial vehicle market

The global light commercial vehicle market was valued at over 18 million units in 2014. This segment has the highest growth rate among all other segments of the electric parking brake market. Light commercial vehicles have a compact, rugged design. These include three sub-segments: large pickups, medium pickups, and small pickups. These vehicles have low operating costs, they are powerful yet fuel-efficient and are mostly used for intra-city operations.

Global automotive market segmentation by geography              

• APAC    
• Americas            
• EMEA   

The research report estimates, in terms of unit sales, the electric parking brake market in the Americas accounted for close to 3 million units in 2014. Technavio market research analysts anticipate the market to grow at a fast pace over the next four years. Adoption of EPB in the vehicles, especially large commercial vehicles and SUVs helps in reducing weight by 20 lbs. Its increased adoption is expected to improve the fuel economy of vehicles in the region.

Vendor analysis of the electric parking brake market

During the forecast period, EPB manufacturers in collaboration with the automobile manufacturers will focus on developing EPB system for the low-priced automobile segment. For instance, Continental is developing EPB concept for the drum brakes. The company has been designing the EPB system, especially for the compact and affordable vehicles. The company is planning to combine drum brakes with EPB, to offer push-button operation in compact and affordable cars. With emerging markets such as India and China, witnessing an increase in the demand for advanced active safety systems and driver assistance systems, many market vendors will introduce many such low-cost offerings in the forecast period.

• Aisin Seiki
• Continental       
• ZF TRW

The other prominent vendors of the market include Advics, DURA Automotive Systems, Hyundai, KUSTER Automotive, and SKF.

Key questions answered in the report

• What are the key factors driving the global electric parking brake market?
• What are the key market trends impacting the growth of the global electric parking brake market?
• What are the various opportunities and threats faced by the vendors in the global electric parking brake market?
• Trending factors influencing the market shares for EMEA, APAC, and Americas?
• Key outcome of the five forces analysis on the global electric parking brake market?
• Growth forecast of the global electric parking brake market until 2019?

Technavio also offers customization on reports based on specific client requirement.

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