Skip to main content

Electric Parking Brake Market Revenue Growth Predicted by 2029

 The electric parking brake (EPB) market is a rapidly growing segment of the automotive industry, driven by increasing demand for advanced safety and convenience features in vehicles. EPBs use electric motors instead of traditional mechanical systems to engage and disengage the brake, providing several benefits over traditional systems.

One of the major advantages of EPBs is their ability to automatically engage the brake when the vehicle is parked, improving safety by preventing the vehicle from rolling away. EPBs also improve convenience by eliminating the need for manual engagement of the parking brake, and can be integrated with other advanced driver assistance systems (ADAS) such as hill hold control and automatic emergency braking.

The market for EPBs is driven by several factors, including increasing consumer demand for advanced safety and convenience features in vehicles, and government regulations mandating the use of advanced braking systems in vehicles. Additionally, the increasing adoption of electric vehicles (EVs) is also expected to drive market growth, as EPBs are well-suited for use in EVs due to their low power consumption and lack of mechanical components.

For More Info@ https://www.persistencemarketresearch.com/market-research/electric-parking-brake-market.asp

The market for EPBs is segmented by vehicle type, with passenger cars and light commercial vehicles being the largest segments. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to be the largest market for EPBs, driven by the increasing demand for advanced safety and convenience features in vehicles in countries such as China and India.

Key players in the market include Bosch, Continental, Aisin Seiki, and Mando Corporation. These companies are investing heavily in research and development to develop advanced EPB systems and expand their market share.

Overall, the market for electric parking brake is expected to witness a substantial growth in the forecast period due to increasing demand for advanced safety and convenience features in vehicles, and government regulations mandating the use of advanced braking systems in vehicles.

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Perineal Care Market : Value Chain, Stakeholder Analysis and Trends by 2032

 The perineal care market is a segment of the healthcare industry that focuses on products and services designed to maintain hygiene and manage health concerns in the perineal area. The perineal region includes the genital and anal areas, and effective perineal care is crucial for maintaining personal comfort and preventing various health issues, particularly in aging populations and individuals with limited mobility. One of the primary drivers of the perineal care market is the growing aging population worldwide. As people age, they may experience mobility issues, incontinence, and an increased risk of developing conditions like pressure ulcers. Proper perineal care is essential in preventing complications and maintaining the quality of life for elderly individuals, leading to increased demand for perineal care products and services. In addition to the elderly population, perineal care is vital in healthcare settings, particularly in hospitals and long-term care facilit
Post a Comment
Read more

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Key Players, Industry Overview, Applications and Analysis 2031

  The   U.S. automotive and aircraft leather aftermarket  is projected to reach a valuation of   US$ 7.8 Bn   in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at   3.6% CAGR,   with the market valuation reaching   US$ 11.1 Bn   in 2031. Automotive and aircraft interior genuine leather is designed to provide comfort and to improve the visual appeal of the interiors. It also leaves the vehicle with a remarkable appearance and feel. It is used widely in midrange and premium passenger vehicles and in business class aircraft. The interior of a vehicle and aircraft that adds to the aesthetic appeal, is also a major factor that influences consumer buying decision. Longer operational life and extended warranties are some factors aiding the growth of the market. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-14237 Leather manufacturers are providing customizat
3 comments
Read more