Passenger Car in Electric Parking Brake Market Accounted for the Highest Market Share of More than 45% in 2017.
June 17, 2019 by Steve Blade
An electric parking brake is installed in an automotive to stop or holds the vehicle on the flat ground or hill roads. The vital advantage of using electronic parking brake is that it has less components, compact, robust and light weight as compared to traditional mechanical brake system. Electric parking brake works in function with electronic control unit (ECU), actuator mechanism and electric switch which guarantees optimum brake power and efficient operation. Electric parking brake system also comprises driver support functions such as hill start assist functions, which assist the driver to stabilize or stop the vehicle on steep or hilly road.
The electronic parking brake has been used in BMW models since the E6X7 series models which first burst into the scene in 2002. Apart from being the first model to feature the new system, BMW was also the first production car globally to feature electronic parking system.
Though manual parking brakes can lock up the rear wheels and offer an easy way to initiate a slide for the vehicle if desired, it succumbs to electric parking brake. Given manual parking brakes require to have nearly the same tension on it for the brakes to evenly engage, the inapt adjustment may lead the car to roll backwards if parked on hill.
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To provide in-depth insights into the pattern of demand for the electric parking brake market, the market is segmented by type. It includes Electric-Hydraulic Caliper System and Cable-Pull System. Electric-Hydraulic Caliper System segment is expected to dominate the electric parking brake market over the forecast period, regarding value, which accounted for more than 65% value share in 2017.
To provide in-depth insights into the pattern of demand for the electric parking brake market, the market is segmented by component. It includes below Electronic Control Unit, Actuator and Switch. Electronic Control Unit segment is expected to dominate the electric parking brake market over the forecast period, regarding value, which accounted for more than 35% value share in 2017.
Globally, automotive industry is experiencing noteworthy technological advancements in the conventional systems. In order to substitute the typical lever operated hand brake system, vendors devised a novel electric parking brake. Primary drivers of global electric parking brake market include, growing diffusion of autonomous vehicle technology and growing inclination towards road safety. Moreover, espousal of electric parking brake permits substantial weight saving compared to conventional mechanical parking brake systems which supports in enhanced fuel economy and reduce carbon emissions.
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The report also delineates executive summary, overview section, which are aimed at revealing a thorough analysis of the electric parking brake market. Besides, the market overview section peruses into supply chain, cost structure and pricing analysis along with PESTLE analysis to present a thorough analysis on the electric parking brake market. Moreover, the overview section also sheds light on Porters’ Five Force analysis which is known to help in assimilating competitive scenario with regards to electric parking brake market.
Electric Parking Brake Market: Competitive Landscape
Key competitors in electric parking brake market are Aisin Seiki Co., Ltd., Continental AG, DURA Automotive Systems, TBK Co., Ltd., Hyundai Mobis Co., Ltd., Küster Holding GmbH, Mando-Hella Electronics Corp., Svenska Kullagerfabriken AB, ZF Friedrichshafen AG and Wuhu Bethel Automotive Safety Systems Co., Ltd.
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