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(Transportation-News.com, March 20, 2018 ) Market research analysts at Publisher predict that the global automotive EPB market will grow steadily during the next four years and post a CAGR of more than 8% by 2020. This market research analysis identifies the focus of original equipment manufacturers (OEMs) and Tier-1 suppliers towards reducing the weight of braking systems as one of the primary growth factors for the electronic parking brake market. To increase the fuel efficiency of their vehicles, players in the automotive industry are increasingly focusing on reducing the weight of the automotive components. This has resulted in the omission of hydraulic brake systems and has also led to the development of advanced technologies such as brake-by-wire (BBW). With the adoption of electronic parking brakes significantly reducing the weight of the vehicle by eliminating components such as the hand lever, the coming years will witness an increase in the number of vehicles equipped with EPBs.
Though the demand for safety systems is mainly from the developed regions such as the Americas and Europe, the economic growth of the emerging countries will result in the demand for advanced active safety systems and driver assistance systems, especially from the countries such as India and China. This will induce EPB manufacturers to collaborate with automotive companies to develop EPB systems for the low-level automobile segment as well. For instance, Continental has already started developing electronic parking brake systems for drum brakes to offer push-button operation in compact and affordable cars. This will result in the development of low-priced vehicles with the same comfort, safety, and convenience functions as in premium vehicles.
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Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of vendors. The intense competition in the automotive industry, the government’s urge to make safer vehicles, and the increasing electronic content per vehicle, will result in the mandatory installation of advanced driver assistance systems (ADAS) such as EPB by automotive manufacturers. This will not only offer lucrative opportunities for the existing players but will also result in intensifying the market’s competitive environment. In addition to the existing players, the market will also witness the entry of several new vendors, which will further intensify the competition among market players. To sustain the competition, vendors have the need to innovate their product portfolios by launching advanced EPBs to cater to several vehicle variants.
The leading vendors in the market are -
Aisin Seiki
Continental
ZF TRW
The other prominent vendors in the market are ADVICS, Akebono, Bosch, DURA Automotive Systems, HYUNDAI MOBIS, KUSTER Automotive Control Systems, Mando-Hella Electronics, and SKF.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
Complete Report is Available at: http://www.reportsweb.com/global-automotive-electronic-parking-brake-market-2016-2020
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