Automotive Electronic Parking Brake Market Size to Grow by 10.50 mn units through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the automotive electronic parking brake market and it is expected to grow by 10.50 mn units, decelerating at a CAGR of almost 20.07% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Automotive Electronic Parking Brake Market: Emerging Trends to Impact Market Growth

Introduction of compact and affordable cars to emerge as a key trend in the industrial automotive electronic parking brake market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Automotive Electronic Parking Brake Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB SKF, ADVICS Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, DURA Automotive Systems, Hitachi Ltd., Hyundai Mobis Co. Ltd., KÜSTER Holding GmbH, Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of 20.07%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 10.50 mn units through 2021-2025.
    
3. What is a key factor driving this market?
   Rapidly increasing electronic content per vehicle will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   54% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AB SKF, ADVICS Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, DURA Automotive Systems, Hitachi Ltd., Hyundai Mobis Co. Ltd., KÜSTER Holding GmbH, Robert Bosch GmbH, and ZF Friedrichshafen AG
    
7. What are the market segments covered in this report?
   The market is segmented by Type (Passenger Cars and Commercial Vehicles) and Geography (APAC, North America, Europe, MEA, and South America)