Research Reports
Electric Parking Brake System Market Surges to USD 11.351 Billion by 2031, Propelled by 11.3% CAGR – Verified Market Reports
Published by Jessica Weisman-Pitts
Posted on July 10, 2024
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Published by Jessica Weisman-Pitts
Posted on July 10, 2024
The Global Electric Parking Brake System Market is projected to grow at a CAGR of 11.3% from 2024 to 2031, according to a new report published by Verified Market Reports. The report reveals that the market was valued at USD 5.61 Billion in 2024 and is expected to reach USD 11.351 Billion by the end of the forecast period.
The Electric Parking Brake (EPB) System Market is experiencing significant growth driven by several key factors. One of the primary drivers is the increasing demand for enhanced vehicle safety and comfort features. Electric parking brakes offer several advantages over traditional mechanical systems, including faster response times, space-saving designs, and integration with vehicle electronics for enhanced functionality.
Scope Of The Report
ATTRIBUTES DETAILS STUDY PERIOD 2021-2030 BASE YEAR 2023 FORECAST PERIOD 2024-2030 HISTORICAL PERIOD 2021-2022 UNIT VALUE (USD BILLION) KEY COMPANIES PROFILED ZF TRW, Continental, Dura, Mando, AISIN, Hyundai Mobis, Zhejiang Libang Hexin, Wuhu Bethel SEGMENTS COVERED By Type – Caliper Integrated EPB, Cable Puller EPB
By Application – Sedans, SUVs, Others
By Geography – North America, Europe, APAC, Middle East Asia & Rest Of World.
Electric Parking Brake System Market Overview
Electric Parking Brake System Market Key Players Shaping the Future
Major players, including ZF TRW, Continental, Dura, Mando, AISIN, Hyundai Mobis, Zhejiang Libang Hexin, Wuhu Bethel and more, play a pivotal role in shaping the future of the Electric Parking Brake System Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.
To get market data, market insights, and a comprehensive analysis of the Global Electric Parking Brake System Market, please Contact Verified Market Reports
Electric Parking Brake System Market Segment Analysis
Electric Parking Brake System Market Segment Analysis Market is segmented on the basis of By Type, By Application And By Geography
By Type
By Application
By Geography
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