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
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.
of the global EPB market by vehicle type
•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.
automotive market segmentation by geography
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
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.
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?