The Electric Parking Brake System (EPB) is an electro-hydraulic brake system for modern automobiles that replaces the traditional mechanical handbrake. This system uses a small electric motor to apply and release the brake caliper at the rear wheels during a parking manoeuvre. The EPB system was developed to increase safety, convenience, and reduce environmental pollution caused by the traditional system.
The EPB system is powered by the vehicle’s battery and an electronic control unit that operates the motor and monitors performance. When the driver presses the EPB switch, the brake caliper is automatically applied, and when the switch is released, the caliper is released. This system reduces driver fatigue since it no longer requires the driver to manually pull the lever or push the foot pedal to engage the parking brake.
The global Electric Parking Brake System market was valued at US$ 9157.2 million in 2022 and is anticipated to reach US$ 19540 million by 2029, witnessing a CAGR of 11.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Electric Parking Brake System Market available at: https://www.themarketreports.com/report/global-electric-parking-brake-system-market-research-report
This report aims to provide a comprehensive presentation of the global market for Electric Parking Brake System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Parking Brake System.
Global Electric Parking Brake System key players include ZF TRW, Continental, Küster, Dura, Mando, etc. Global top five manufacturers hold a share over 80%.
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