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Electrical Park Brake (EPB) Market by Vehicle Type (Electric–hydraulic Caliper Systems and Cable-pull Systems), Components (Caliper Integrated System, Electronic Control Unit, Sensors and Actuators) and Application (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Aug 2021 | 635 Views
 
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COVID-19

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Electrical Park Brake (EPB) Market Outlook -2027

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.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Vehicle Type, Components and Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

ZF Friedrichshafen AG, Continental AG, SKF, Electric Mobility Controls, Toshiba Electronic Devices, Storage Corporation, Allegro Micro Systems, LLC, AISIN SEIKI Co., and WABCO

 

COVID-19 scenario analysis:

  • COVID-19 has rapidly affected the salesin theautomotive industry,thus hampering the growth of electrical park brake (EPB) market.
  • The market was expected to register significant growth due to rapid growth of theautomobile sector.However,due to COVID-19, the market is expected to decline in the near future.
  • Sales play a major role in the vehicle sector and industries are facing slower production due to lockdown and low demand.This is expected toeventually decrease the sales of the top companies.
  • Due to no demand in the COVID-19 situation, recession is estimated to decrease the overall sales and revenue.
  • COVID-19 resulted in shutting down all the businesses.This also reduced the disposable income of people, leading to decrease indemand forautomobile.

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 segments covered:

Segments

Sub-segments

Vehicle Type

  • Electric–hydraulic Caliper Systems
  • Cable-pull Systems

Component

  • CaliperIntegrated System
  • Electronic Control Unit
  • Sensors
  • Actuators

Application

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Key benefits of the report:

  • This study presents the analytical depiction of the electrical park brake (EPB) industry market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electrical park brake (EPB) market share.
  • The current market is analyzed from 2020 to 2027 to highlight the electrical park brake (EPB) market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the electrical park brake (EPB) market research report:

  • What are the leading market players active in Electrical Park brake (EPB) market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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