Published on : Sep 27, 2019
Albany, New York, September 27, 2019: Handbrake level has made way for button that leverages greater freedom in the interior layout and in designing the footwell area and center console. Moreover, keeping handbrake cables at bay has simplified production and assembly of the vehicle. Further, a few of the manufacturers have favored integrated option that provides compactness and has fewer components. Meanwhile, some other manufacturers pin hope on electromechanical actuator which has the advantage of facilitating any model to be made with or without electric parking brake (EPB).
Various lamps are used to caution the driver of the status of the EPB. Nevertheless, majority of the vehicles use ABS hydraulics in the event of an emergency. Accordingly, manufacturers are increasingly focusing on propelling the safety for heavy commercial and light commercial vehicles.
These insights are according to the intelligence report, titled, “Global Market Study on Electric Parking Brakes: The Future of Dynamic Automotive Engineering,” which has been of late added to Market Research Hub (MRH) exponential repository.
Competition among preeminent players who are investing substantially in sophisticated technology has escalated in the recent past. For example, BMW has rolled out M8 and M8 competition models that will have brake-by-wire technology. Furthermore, aftermarkets and OEMs are profoundly investing in R&D activities.
Assessing a host of factors, a value of ~US$ 4.2 billion is set to be observed in electric parking brakes market at a CAGR of ~12% by 2029-end.
Electric parking brakes are highly sought-after in electric-hydraulic caliper system, while cable-pull system will garner less share in the market. Nevertheless, electric parking brakes market is segregated into electric-hydraulic caliper system and cable-pull system with respect to product type.
Electric Parking Brakes Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the electric parking brakes market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the electric parking brakes market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on electric parking brakes.
An insightful and deep-dive assessment of the competitive assessment of the electric parking brakes market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the electric parking brakes market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Electric Parking Brakes Market: Research Methodology
Primary sources and secondary sources propel intelligence report on electric parking brakes market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on electric parking brakes market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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