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Home | Search Global IT News: IT News & Press Release Distribution: Global Automotive Electronic Parking Brake Market 2016-2020   (IT-NEWSWIRE.COM, April 13, 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. Get Request Sample Copy is Available at: http://www.reportsweb.com/inquiry&RW0001502482/sample 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. For Inquire before Buying at: http://www.reportsweb.com/inquiry&RW0001502482/buying Geographical segmentation and analysis of the automotive EPB market Americas APAC EMEA This market study estimates that in terms of geographical regions, the Americas was the major revenue contributor to the market during 2015. The increased investments towards the adoption of digital technologies to enhance human-machine interface (HMI) and safety has resulted in the increased adoption of EPBs among OEMs in this region. The presence of a number of automobile manufacturers and luxury brands such as BMW, Audi, and Mercedes-Benz in Europe and the continuous demand for advanced automotive technologies and design from countries in the Middle East will fuel the market’s growth prospects. Complete Report is Available at: http://www.reportsweb.com/global-automotive-electronic-parking-brake-market-2016-2020 About Us: ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. Contact Us: Phone: +1-646-491-9876 Email Id: sales@reportsweb.com The Insight Partners Sameer Joshi +91 9666111581 sam@theinsightpartners.com Source: EmailWire.Com Source: EmailWire.com

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