Electric Parking Brake Market Size is Valued at USD 12.00 Billion in 2023 and is Projected to Reach USD 25.31 Billion by 2032, Growing at a CAGR of 9.77% From 2024-2032.

Electric parking brakes are not only replacing the conventional hand brakes in modern vehicles, but also adding valuable features such as space management, interior styling, and crashworthiness of new automobiles. In addition, electric brake systems are also facilitating reduction of power consumption as well as vehicle weight, which signifies that electric parking brakes can soon become an integral part of new-age automobiles. Manufacturers are also focusing on enhancing the safety for light commercial and heavy commercial vehicles with the help of advanced designs of electric parking brakes. Such advancements in modern automotive engineering are transforming run-of-the-mill automotive models, indicating a potential for innovation with the next-generation technologies in the electric parking brakes market.

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Segmentation of Electric Parking Brake Market:

By Type

·         Caliper Integrated EPB

·         Cable Puller EPB

By Application

·         Sedans

·         SUVs

·         Others

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By Region:

·         North America (U.S., Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

Points Covered in The Electric Parking Brake Report

·         The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

·         The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.

·         The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

·         Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

·         The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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