Automotive Electronic Parking Brake Market - 2021-2025
The automotive electronic parking brake market size is expected to reach a value of 10.50 million units, at a decelerating CAGR of 20.07%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as rapidly increasing electronic content per vehicle are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.
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Automotive Electronic Parking Brake Market Segments
Get actionable insights on the automotive electronic parking brake market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by type (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, MEA, and South America) in this automotive electronic parking brake market report to pursue growth opportunities.
Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic automotive electronic parking brake market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.
Automotive Electronic Parking Brake Market Vendors and Competitive Analysis
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The automotive electronic parking brake market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the automotive electronic parking brake market is concentrated and the vendors are deploying growth strategies such as innovating their product portfolios to gain a competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players. The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update. For detailed insights on complete key vendor profiles buy the full automotive electronic parking brake market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis. |
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Automotive Electronic Parking Brake Market - Region Opportunities 2021-2025
54% of the automotive electronic parking brake market growth will originate from APAC during the forecast period. China is the key market for the automotive electronic parking brake market in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!
APAC has been exhibiting a significant growth rate for automotive electronic parking brake market vendors. Factors such as the growing demand for automotive safety is accelerating the automotive electronic parking brake market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.
The automotive electronic parking brake market share growth in APAC will be slower than the growth of the market in North America and Europe. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Automotive Electronic Parking Brake Market Insights by Type
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The automotive electronic parking brake market share growth by the passenger cars segment will be significant during the forecast period. Factors such as the increasing consumer expectation, stiffer competition prompting OEMs to add features to maintain the market share, and government regulations demanding additional safety and security features will drive the passenger cars segment growth in the automotive electronic parking brake market during 2021-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive electronic parking brake market size.
From the automotive electronic parking brake market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentation will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.
Automotive Electronic Parking Brake Market Drivers & Trends
Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the automotive electronic parking brake market growth is the high-cost pressure on OEMs. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.
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The rapidly increasing electronic content per vehicle is a key driver augmenting the automotive electronic parking brake market growth. The range of consumer needs and OEM offerings has widened to include safety, performance, stability, and comfort. These parameters are being refined and improved every day. This evolution has outgrown the utility of conventional mechanical components, which lack the capabilities to solve several emerging automotive challenges. This evolution has led to an upsurge in the growth rate of the automotive electronics market, which has far surpassed the growth of the actual automotive industry. Also, from the perspective of car makers, special features are the only way to showcase product differentiation for sustaining competition. Thus, these aspects are an inherent driver for the replacement of traditional hand brakes with electronic parking brakes. |
Technavio research analysts have done an in-depth analysis of the automotive electronic parking brake market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.
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Automotive Electronic Parking Brake Market Report Outlook
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive electronic parking brake market growth during the next five years
- Precise estimation of the automotive electronic parking brake market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive electronic parking brake market across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive electronic parking brake market vendors
Buy the Automotive Electronic Parking Brake Market report now to reimage your business strategies!
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Automotive Electronic Parking Brake Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 20.07% |
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Market growth 2021-2025 |
10.50 mn units |
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Market structure |
Concentrated |
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YoY growth (%) |
22.79 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 54% |
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Key consumer countries |
China, US, Germany, France, UK, and Norway |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AB SKF, ADVICS Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, DURA Automotive Systems, Hitachi Ltd., Hyundai Mobis Co. Ltd., KÃSTER Holding GmbH, Robert Bosch GmbH, and ZF Friedrichshafen AG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |