Report Code: A08756 | Pages: NA | ||
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Electrical parking brake (EPB) is a hand brake of a car, which is used to keep thevehicle motionless by applying the brakes of the vehicle. It consists of a hand lever, which is connected with the rear brakes. Electrical parking brake system is used to keep thevehicle stable while leaving it for parking. In addition, itis also helpful in emergency situations when brakes fail to operate. Electrical park brake (EPB) provides safety to the driver and ishighly reliable as it resists the backward movement of the vehicle over a slope.Moreover, italso reduces the chances of backward crashing,which boosts the growth of the electrical parking brake market in the coming years.
COVID-19 scenario analysis:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Top impacting factors that drivethe growth of the electrical parking brake system (EPB) market are consistent increase in adoption of electric vehicles and more reliability of electric parking brakes.However, high cost compared to mechanical brakes and lack of medical reimbursement hamper the growth of the market. Furthermore, increase insafety concerns and growth of self-driving carsprovide lucrative opportunitiesfor the electrical parking brake system (EPB) market.
Consistent increase in adoption of electric vehicles
Increasein adoption of automation technology in vehicles and rise indemand for electric vehicles help to increase the demand for electrical parking brake system (EPB). Electrical parking brake system provides safety and stability to the vehicle while leaving it on the slope. Therefore,its features help to propel the growth of the electrical parking brake system (EPB) market in near future.
More reliability of electric parking brakes
Electrical parking brake system provides more reliability in terms of safety and security. Electrical parking brake system helps driver to use electric brakes in case of brake failure or when the car is parked on a slope. Electrical parking brake system provides safety and reliability in case of any ups and downs of mechanical brakes.Therefore, these features help to boost thedemand for electrical parking brake systems,therebyleading to the growth of the market.
Key benefits of the report:
Questions answered in the electrical park brake (EPB) market research report:
Electrical Park Brake (EPB) Market Report Highlights
Aspects | Details |
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By Vehicle Type |
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By Component |
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By Application |
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By Region |
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Key Market Players | Storage Corporation, AISIN SEIKI Co, ZF Friedrichshafen AG, Electric Mobility Controls, Continental AG, SKF, Toshiba Electronic Devices, Allegro Micro Systems, LLC, WABCO |
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