Automotive Electronic Parking Brake Market

Apr 2020| VMR2525A| Verified Market Research

Report Highlights

Automotive Electronic Parking Brake Market Size And Forecast

Automotive Electronic Parking Brake Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.

Global Automotive Electronic Parking Brake Market Outlook

Growing sales of automotive are driving the growth of the market. The emergence of electric vehicles and autonomous vehicles is set to provide an opportunity for the market. Growing penetration of vehicles with greater electronic content and consumers' preference for safe, stable, and comfortable vehicle is favoring the demand pace. Besides this automobile manufacturer is prioritizing weight reduction of braking systems to reduce the overall weight of the vehicle, manufacturers are constantly striving to make driving easier for their customers, and an example of this is the electronic brake. Many manufacturers are replacing the usual lever-operated system with a more modern and less labor-intensive equivalent in their car models which is significantly to contribute revenue growth during the forecast period. However, when it falls it can be expensive to repair which restrain the growth of such a system.

Global Automotive Electronic Parking Brake Market Competitive Landscape

The Global Automotive Electronic Parking Brake Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., Toshiba Electronic Devices & Storage Corporation, Mando-Hella Electronics Corp., Hyundai Mobis Co., Ltd., Continental AG, Kster Holding GmbH, Robert Bosch GmbH, DURA Automotive Systems, and TBK Co., Ltd.

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