Market Overview:
The global automotive parking brake market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. In addition, the increasing awareness about safety features in vehicles is also propelling the growth of this market. The drum brake type segment is expected to dominate the global automotive parking brake market during the forecast period from 2018 to 2030. This segment accounted for a majority share of 78% in 2017 and is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030.
Product Definition:
An automotive parking brake is a brake system used to keep a vehicle stationary. It is usually actuated by the driver pressing a pedal, and engaged by a lever or handle.
Drum Brake Type:
The drum brake type is the oldest and most basic form of the parking brake. It uses a simple mechanical system to apply pressure on drums, which act as a friction device to stop vehicles. The braking effect is proportional to how much force you apply on the pedal; more force means stronger braking.
Disc Brake Type:
The disc brake type is used in the automotive parking brake market. The primary function of a parking brake is to hold the vehicle stationary while it is being shifted from Park to any other position. It’s an essential component for vehicles with rear wheel drive and four-wheeled layouts as it provides maximum leverage when applied by hand.
A typical hydraulic system uses a caliper, piston, and fluid reservoir (pressure source).
Application Insights:
The passenger cars segment dominated the global automotive parking brake market in 2017 and is expected to maintain its lead over the forecast period. The increasing number of young population, especially in countries such as India and China, has led to a significant increase in demand for passenger cars. This trend is expected to continue over the forecast period, thereby driving growth.
Commercial vehicles are also estimated to witness considerable growth during the same period owing to rising industrialization and urbanization projects across developing nations such as Brazil, Indonesia and others. These projects mainly focus on providing affordable housing units along with efficient public transportation systems that link major cities together which will eventually boost product demand globally over the coming years.
Automotive manufacturers are continuously focusing on enhancing their vehicle designs along with technological advancements while introducing new features into their existing products so as to offer enhanced customer services which will eventually drive industry expansion further down the road ahead.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in total volume owing to high demand from developing countries such as India, China, and Japan. Moreover, increasing sales of premium cars are also driving the regional growth. For instance, according to OICA 2018 statistics on automobile production; China produced 15 million units of luxury vehicles including passenger cars and trucks in 2017 which was 20% higher compared to 2016.
Europe is anticipated to be one of the fastest growing regions with CAGR exceeding 5%. The region has been witnessing an increase in demand for advanced automotive features such as parking brakes since last few years due to which companies have started offering innovative products catering this need. Companies like ZF Friedrichshafen AG & Co., Hoyer KGaA mbH & Co.
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry
- Rising disposable income of consumers
- Technological advancements in parking brake systems
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Parking Brake Market Research Report
By Type
Drum Brake Type, Disc Brake Type
By Application
Passenger Cars, Commercial Vehicles
By Companies
ADVICS (Japan), Continental (Germany), Magna International (Canada), Aisin Seiki (Japan), Hyundai Mobis (Korea), Hitachi Automotive Systems (Japan), Mando (Korea), Brembo (Italy), F-TECH (Japan), LISI Group (France), ADVICS (Japan), DURA Automotive Systems (USA), SL (Korea), Fawer Automotive Parts (China), Zhejiang Asia-Pacific Mechanical & Electronic (China), erae Automotive Systems (Korea), Tata AutoComp Systems (India), LEAD (Japan), Al Ko Kober (Italy), Ficosa International (Spain)
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Parking Brake Market Report Segments:
The global Automotive Parking Brake market is segmented on the basis of:
Types
Drum Brake Type, Disc Brake Type
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:
- ADVICS (Japan)
- Continental (Germany)
- Magna International (Canada)
- Aisin Seiki (Japan)
- Hyundai Mobis (Korea)
- Hitachi Automotive Systems (Japan)
- Mando (Korea)
- Brembo (Italy)
- F-TECH (Japan)
- LISI Group (France)
- ADVICS (Japan)
- DURA Automotive Systems (USA)
- SL (Korea)
- Fawer Automotive Parts (China)
- Zhejiang Asia-Pacific Mechanical & Electronic (China)
- erae Automotive Systems (Korea)
- Tata AutoComp Systems (India)
- LEAD (Japan)
- Al Ko Kober (Italy)
- Ficosa International (Spain)
Highlights of The Automotive 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:
- Drum Brake Type
- Disc Brake Type
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 parking brake is a system that helps to keep a vehicle stationary while it is parked. It uses the weight of the car and its inertia to hold it in place.
Some of the major players in the automotive parking brake market are ADVICS (Japan), Continental (Germany), Magna International (Canada), Aisin Seiki (Japan), Hyundai Mobis (Korea), Hitachi Automotive Systems (Japan), Mando (Korea), Brembo (Italy), F-TECH (Japan), LISI Group (France), ADVICS (Japan), DURA Automotive Systems (USA), SL (Korea), Fawer Automotive Parts (China), Zhejiang Asia-Pacific Mechanical & Electronic (China), erae Automotive Systems (Korea), Tata AutoComp Systems (India), LEAD (Japan), Al Ko Kober (Italy), Ficosa International (Spain).
The automotive parking brake market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive 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 Parking Brake Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive 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 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 Parking Brake Market Size & Forecast, 2018-2028 4.5.1 Automotive Parking Brake Market Size and Y-o-Y Growth 4.5.2 Automotive Parking Brake Market Absolute $ Opportunity
Chapter 5 Global Automotive 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 Parking Brake Market Size Forecast by Type
5.2.1 Drum Brake Type
5.2.2 Disc Brake Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive 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 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 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 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 Parking Brake Analysis and Forecast
9.1 Introduction
9.2 North America Automotive 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 Parking Brake Market Size Forecast by Type
9.6.1 Drum Brake Type
9.6.2 Disc Brake Type
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 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 Parking Brake Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive 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 Parking Brake Market Size Forecast by Type
10.6.1 Drum Brake Type
10.6.2 Disc Brake Type
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 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 Parking Brake Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive 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 Parking Brake Market Size Forecast by Type
11.6.1 Drum Brake Type
11.6.2 Disc Brake Type
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 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 Parking Brake Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive 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 Parking Brake Market Size Forecast by Type
12.6.1 Drum Brake Type
12.6.2 Disc Brake Type
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 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 Parking Brake Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive 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 Parking Brake Market Size Forecast by Type
13.6.1 Drum Brake Type
13.6.2 Disc Brake Type
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 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 Parking Brake Market: Competitive Dashboard
14.2 Global Automotive Parking Brake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADVICS (Japan)
14.3.2 Continental (Germany)
14.3.3 Magna International (Canada)
14.3.4 Aisin Seiki (Japan)
14.3.5 Hyundai Mobis (Korea)
14.3.6 Hitachi Automotive Systems (Japan)
14.3.7 Mando (Korea)
14.3.8 Brembo (Italy)
14.3.9 F-TECH (Japan)
14.3.10 LISI Group (France)
14.3.11 ADVICS (Japan)
14.3.12 DURA Automotive Systems (USA)
14.3.13 SL (Korea)
14.3.14 Fawer Automotive Parts (China)
14.3.15 Zhejiang Asia-Pacific Mechanical & Electronic (China)
14.3.16 erae Automotive Systems (Korea)
14.3.17 Tata AutoComp Systems (India)
14.3.18 LEAD (Japan)
14.3.19 Al Ko Kober (Italy)
14.3.20 Ficosa International (Spain)