Market Overview:
The global automotive electronic parking brake market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, and the rising awareness about safety features in vehicles. In terms of type, the FMVSS 105 segment is expected to hold a major share of the global automotive electronic parking brake market during the forecast period. This can be attributed to regulations in developed countries such as North America and Europe that mandate installation of electronic parking brakes in new passenger cars.
Product Definition:
An automotive electronic parking brake is a device that uses an electric motor to apply the brakes on a vehicle, using pressure from the hydraulic system. The importance of an automotive electronic parking brake is that it can hold a vehicle in place without using the engine, which can save fuel and wear on the engine.
FMVSS 105:
FMVSS 105 is the Federal Motor Vehicle Safety Standards No. 105, it's also known as the rear parking brake standard. It was established by National Highway Traffic Safety Administration in 2005 to improve safety in vehicles with rear wheel drive. This standard is designed to prevent vehicle from moving forward if driver fails to apply brakes while parked, which may result into crash or avoidable accident.
The automotive electronic parking brake market size was valued at USD 1,15 billion in 2015.
FMVSS 135:
FMVSS 135 is an Federal Motor Vehicle Safety Standards that was established by the National Highway Traffic Safety Administration. This regulation deals with brake systems and their components in motor vehicles. It includes requirements for electronic parking brakes in all heavy trucks and buses with gross vehicle weight rating of more than 6,000 pounds.
The purpose of this standard is to provide safety requirements related to the application.
Application Insights:
The passenger cars segment dominated the global automotive electronic parking brake market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing demand for passenger vehicles with advanced safety features such as anti-lock braking system and Electronic Stability Control (ESC) in countries, such as India and China. Furthermore, stringent government regulations on reducing road accidents by improving driver behavior are expected to boost product demand over the forecast period.
Electronic stability control is a feature that helps avoid skidding by providing enhanced wheel traction through antiskid brakes and tire grip monitoring systems on all types of roads at all speeds under any weather condition.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to stringent regulations regarding road safety and growing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Europe is also estimated to witness considerable growth over the coming years due to increasing R&D activities by various companies as well as a rise in consumer preference towards electric cars with electronic parking brakes.
Asia Pacific is anticipated to be one of the fastest-growing regions from 2018 to 2030, owing both passenger car and heavy commercial vehicle segments are witnessing high demand across developing countries such as India, China, Indonesia among others. Moreover, rising disposable income coupled with government initiatives encouraging people towards adopting green cars will drive industry growth further.
Growth Factors:
- Increasing demand for safety features in vehicles
- Rising disposable income of consumers
- Technological advancements in automotive electronic parking brake systems
- Stringent government regulations for vehicle safety standards
- Growing popularity of electric and hybrid vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Electronic Parking Brake Market Research Report
By Type
FMVSS 105, FMVSS 135, ECE 13H
By Application
Passenger Cars, Commercial Vehicles
By Companies
Continental, Bosch, Aisin Seiki, ZF TRW, ADVICS, Akebono, KUSTER Automotive Control Systems, DURA Automotive Systems, HYUNDAI MOBIS, SKF, Continental
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Electronic Parking Brake Market Report Segments:
The global Automotive Electronic Parking Brake market is segmented on the basis of:
Types
FMVSS 105, FMVSS 135, ECE 13H
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- Bosch
- Aisin Seiki
- ZF TRW
- ADVICS
- Akebono
- KUSTER Automotive Control Systems
- DURA Automotive Systems
- HYUNDAI MOBIS
- SKF
- Continental
Highlights of The Automotive Electronic Parking Brake Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- FMVSS 105
- FMVSS 135
- ECE 13H
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Electronic Parking Brake Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive electronic parking brake is a system that uses sensors to detect when a car has come to a complete stop. When this happens, the system will apply the brakes automatically.
Some of the major companies in the automotive electronic parking brake market are Continental, Bosch, Aisin Seiki, ZF TRW, ADVICS, Akebono, KUSTER Automotive Control Systems, DURA Automotive Systems, HYUNDAI MOBIS, SKF, Continental.
The automotive electronic parking brake market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Electronic Parking Brake Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Electronic Parking Brake Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Electronic Parking Brake Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Electronic Parking Brake Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Electronic Parking Brake Market Size & Forecast, 2018-2028 4.5.1 Automotive Electronic Parking Brake Market Size and Y-o-Y Growth 4.5.2 Automotive Electronic Parking Brake Market Absolute $ Opportunity
Chapter 5 Global Automotive Electronic Parking Brake Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Electronic Parking Brake Market Size Forecast by Type
5.2.1 FMVSS 105
5.2.2 FMVSS 135
5.2.3 ECE 13H
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Electronic Parking Brake Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Electronic Parking Brake Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Electronic Parking Brake Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Electronic Parking Brake Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Electronic Parking Brake Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Electronic Parking Brake Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Electronic Parking Brake Market Size Forecast by Type
9.6.1 FMVSS 105
9.6.2 FMVSS 135
9.6.3 ECE 13H
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Electronic Parking Brake Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Electronic Parking Brake Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Electronic Parking Brake Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Electronic Parking Brake Market Size Forecast by Type
10.6.1 FMVSS 105
10.6.2 FMVSS 135
10.6.3 ECE 13H
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Electronic Parking Brake Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Electronic Parking Brake Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Electronic Parking Brake Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Electronic Parking Brake Market Size Forecast by Type
11.6.1 FMVSS 105
11.6.2 FMVSS 135
11.6.3 ECE 13H
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Electronic Parking Brake Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Electronic Parking Brake Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Electronic Parking Brake Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Electronic Parking Brake Market Size Forecast by Type
12.6.1 FMVSS 105
12.6.2 FMVSS 135
12.6.3 ECE 13H
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Electronic Parking Brake Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Electronic Parking Brake Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Electronic Parking Brake Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Electronic Parking Brake Market Size Forecast by Type
13.6.1 FMVSS 105
13.6.2 FMVSS 135
13.6.3 ECE 13H
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Electronic Parking Brake Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Electronic Parking Brake Market: Competitive Dashboard
14.2 Global Automotive Electronic Parking Brake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Bosch
14.3.3 Aisin Seiki
14.3.4 ZF TRW
14.3.5 ADVICS
14.3.6 Akebono
14.3.7 KUSTER Automotive Control Systems
14.3.8 DURA Automotive Systems
14.3.9 HYUNDAI MOBIS
14.3.10 SKF
14.3.11 Continental