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The electric parking brake is one of those features which has trickled down from higher segment cars to mass segment and can now be considered a bare minimum requirement across mid and high-end segments globally. BMW was the first OEM to offer electric parking brakes in its 2002 Model 7 Series, quickly followed by Volvo in 2006 and Audi in 2007.
Among the mass segment manufacturers, GM has been using electric parking brakes on select models since 2009, PSA and VW since 2008, Mazda Since 2015 and Ford Since 2009.
To learn more about the Global Automotive Brakes Market, read our report
The electric parking brake market was earlier driven by weight savings (which can range from 10lbs in compact cars to 20lbs in pickup trucks), cockpit enhancement and now vehicle electrification.
In terms of interior space, the absence of a lever frees up space, which can be used to accommodate a bigger storage space or semi-autonomous feature in future, especially when vehicle refresh/new generation launch timelines have been declining globally.
A major issue plaguing the electric parking brake market globally is the amount of recalls issued in the past 2-3 years owing to faulty gear, circuit board and software. The issues are particularly pronounced in the MY 2015-2016 manufactured vehicles affecting 5 or more platforms and ~ 0.8 Million vehicles.
In the US and China, where average transaction prices of new cars were ~$34,500,000 and $21,700 respectively in 2019, 7 out of the top 10 best-selling SUVs have Electric parking brakes as a standard fitment across all variants.
In China, the market leader of SUVs, Great Wall Motors-owned Haval offers Electric parking brakes as a standard fitment on its best-sellers H2 and H6.
As of March 2020, China has now overtaken Europe as the world`s biggest Electric Parking brake market.
Among the fast-growing EV segment, mass-segment EVs like Nissan Leaf and Renault ZOE offer electric parking brakes as optional, whereas Chevrolet Bolt and upcoming Corsa-e have it as a standard fitment.
Going forward, we expect the electric parking brake to become fully integrated into the brake system with a common cable harness and sensor powering multiple ADAS functions.
The market size of electric parking brake was estimated at XX M units and $YY B in 2023, growing at –% CAGR till 2030.
To learn more about the Global Air Brake System Market, read our report
Rising demand for electric parking brakes over traditional brakes as a result of a growing need for storage space is the key growth driver for the global car electric parking brakes market.
Other factors, including the automotive industry’s rise in leading economies around the world, could boost the global automobile electric parking brakes market in the approaching years. Calliper-integrated electric parking brakes are expected to contribute the most to the whole market due to rising product demand because they use an electric motor and an ECU. Furthermore, electric parking brakes are very reliable and require less force to operate, which could fuel the global market’s rise in the coming years.
ZF launches the industry’s first front Electric Park Brake, which enables fitment in smaller vehicles. Front Electric Park Brake is ideal for smaller vehicles and provides enhanced safety and comfort; the start of series production is currently taking place in Korea and China. ZF has introduced a Front Electric Park Brake, a first for the industry, expanding the applicability of Electric Park Brake (EPB) systems to a wider variety of vehicles.
This technology allows automakers to eliminate the traditional handbrake lever and park brake pedal from interior designs while fitting smaller vehicles with cutting-edge braking systems. The deletion of the handbrake lever in the cockpit was historically exceedingly challenging for designers of small and very small automobiles but is now standard in upper, medium, and compact class vehicles thanks to an Electric Park Brake (EPB).
ZF now permits the installation of this technology in smaller car classes thanks to the industry’s first Front EPB being produced in series. For instance, a little switch may take the place of the manual brake lever, giving the interior more room and allowing for more interior design options. China and Korea are currently starting their first seasons of television shows.
Front EPB technology from ZF is a true advancement in the field. Now, even makers of tiny and extremely tiny cars can benefit from the EPB’s advantages. Car drivers gain from increased comfort and safety. Improved features for tiny cars: The EPB not only has the traditional park brake function, but it also makes it easier to start up hills, for instance, with the Auto-Hold function. The stop-and-go feature of the braking system considerably improves driving comfort in city traffic or congestion.
Additionally, the front axle’s increased static load distribution contributes to improved safety when parking the car on slick surfaces. ZF’s front axle EPB requires only minor adjustments to the front axle callipers and eliminates the parts required for manual park brake operation within the rear drum- and disc brakes while combining the required electronic parts and software into an existing ESC control unit. This can help the rear manual park brake system weigh less in the vehicle. It serves as another illustration of how ZF adapts technology to the unique needs of particular vehicles and markets.
In this manner, we apply the electric parking brake’s product advantages to various vehicle categories. ZF invented the electric park brake (EPB) technology for the rear axle and has given the world’s roads more than 75 million vehicles with EPB. Hitachi Automotive launches new automated parking brakes for pickups, SUVs and LCVs.APB HD, a new heavy-duty automated parking brake from Hitachi Automotive Systems, was created specifically for pickup trucks, vans, SUVs, and light commercial vehicles (LCVs).
The new brake system was created by the company’s Brake Business Unit in Europe and is currently being manufactured in both North America and Europe. The new brake system was first installed on new cars by several Hitachi Automotive Systems customers in September in Europe and October in North America. The Asia-Pacific area will be the first to put the brake system into production. Automated parking brakes account for more than 25% of the global parking brake market, and their popularity is growing.
Hitachi Automotive Systems is now the third largest producer of automated parking brakes in the globe, according to the company’s market study, following its acquisition of Chassis Brakes International. The new brake system is appropriate for a wide range of pickup trucks, vans, SUVs, and light commercial vehicles with a gross vehicle weight rating of 3.5 tonnes or less. It has a significant weight advantage over alternative methods, such as electronic Drum-in-Hat, and can save 6.6 pounds (3kg) or more.
Schemer pointed out that Hitachi’s automatic parking brakes provide automakers with a number of other benefits in addition to weight savings, including enhanced safety, durability, and autonomous driving features, such as automated valet parking (AVP). Future e-mobility noise, vibration, and harshness (NVH) regulations are also taken into account when designing Hitachi APBs.
One of the biggest producers of automobile braking systems in the world is Hitachi Automotive Systems Brake Business Unit. Through original equipment manufacturers and aftermarket distribution channels, it offers disc brakes, drum brakes, electro-mechanical parking brakes, and rotors specifically for passenger cars, light trucks, and two-wheeler vehicles.
The operations of the Hitachi Automotive Systems Brake Business Unit span Europe, Asia, South Africa, North America, and South America. More than 9,500 people work for it at production plants, engineering centres, and sales offices spread throughout 17 nations.
Continental and ZF are among the leading electric parking brake suppliers in the passenger car segment globally, supplying multiple OEMs and platforms. Suppliers like Chassis Brakes International, Hyundai Mobis and Mando have also established players and are supplying to multiple OEMs.
ZF launched the world`s first front axle-mounted electric parked in March 2020. It is a comparatively low-cost product which can be fitted in A-segment vehicles, which comprise ~28% of new car sales(~4 Million units) in Europe. The commercial vehicle segment has the potential to become the next most important segment for electric parking brake suppliers presently due to low electric parking brake penetration.
Akebono, ZF, and TRW have already made a move in that direction by launching their compact, high-braking force electric parking brakes. The global automobile electric parking brakes market is extremely competitive, with numerous major competitors projected to account for a significant portion of the overall industry in the future. Hyundai, a leading automaker, has unveiled a new self-driving electronic steering system with features including braking and steering technology, as well as location identification, to improve driver safety.
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