Global Electric Parking Brake Market Expected To Register A CAGR of 7.8% During The Period 2016-2020

Date: 2016-09-12

The Rising concerns about passenger safety have compelled automobile manufacturers to implement the integration of various safety systems. For instance, many high-end vehicles are equipped with rear back-up cameras, which help to prevent accidents during reversing. Automobile and EPB manufacturers plan to integrate EPBs with rear cameras, which will automatically stop the vehicle when an obstacle is detected.

Along the increasing production of vehicles, worldwide automobile production exceed 90 million in 2015, and 93 million automobiles expected be produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015, under increasing production of vehicles. 

EPB is the innovation for the premium vehicle segment electronic systems, according to research, over 36% of new vehicles are premium vehicle which will be installed Electric Parking Brake.

The report forecasts the global electric parking brake market to register a CAGR of 7.8% during the period 2016-2020.

Electric park brakes (EPB) are used on passenger vehicles to hold the vehicle stationary on grades and flat roads. This was accomplished traditionally using a manual parking brake. With electric park brakes, the driver activates the holding mechanism with a button and the brake pads are then electrically applied onto the rear brakes. This is accomplished by an electronic control unit (ECU) and an actuator mechanism. There are two mechanisms that are currently in production: 1. Cable puller systems and 2. Caliper integrated systems. EPB systems can be considered a subset of Brake-by-wire technology.

The electric parking brake market is divided into Auto hold function and Dynamic automatic brake release function as segments based on EPB function.
Electric Parking Brake market share by type as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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