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Magnesium Alloy Wheels Market Size, Trends, Analysis, and Outlook by Type (Drop Rims, Rotator Wheels, Spoke Wheels), Application (Passenger Car, Commercial Vehicle, Racing Car, Others), Manufacturing (Casting, Forging), End-User (OEM, Aftermarket), by Country, Segment, and Companies, 2024-2030

April 2024 | 209 pages | ID: M92AED1C87FAEN
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The global Electric Parking Brake System market size is poised to register 13.55% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Electric Parking Brake System market by Type (Electric-Hydraulic Caliper System, Cable-Pull System), Component (Electronic Control Unit (ECU), Actuator, Switch), Technology (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TCS), Electronic Brake-Force Distribution (EBD)), Brake (Disc Brake, Drum Brake), Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (OEMs, Aftermarket).
The Electric Parking Brake System Market is poised for significant evolution until 2030, driven by the increasing adoption of electric vehicles (EVs), and advancements in vehicle electrification technologies are expected to drive robust growth in the market for electric parking brake systems. As traditional mechanical parking brakes become less compatible with electric drivetrains, automakers are turning to electric parking brake systems for their efficiency, reliability, and integration capabilities. Secondly, advancements in electric brake-by-wire systems, motor technology, and electronic control units (ECUs) will contribute to the development of more sophisticated and intelligent electric parking brake systems, further accelerating market expansion. Further, changing consumer preferences toward convenience, safety, and comfort features in vehicles will drive demand for electric parking brake systems with integrated functionalities such as auto-hold, hill-start assist, and automated parking assistance. In addition, regulatory mandates aimed at improving vehicle safety and reducing emissions will create a conducive environment for market growth, fostering investment in electric parking brake system development and standardization. Furthermore, the integration of electric parking brake systems with vehicle-to-infrastructure communication networks and advanced driver assistance systems (ADAS) will enhance their functionality and effectiveness, driving adoption among automakers seeking to enhance vehicle performance, safety, and user experience. .

Electric Parking Brake System Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Electric Parking Brake System market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Electric Parking Brake System survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Electric Parking Brake System industry.

Key market trends defining the global Electric Parking Brake System demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Electric Parking Brake System Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Electric Parking Brake System industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Electric Parking Brake System companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Electric Parking Brake System industry
Leading Electric Parking Brake System companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Electric Parking Brake System companies.

Electric Parking Brake System Market Study- Strategic Analysis Review
The Electric Parking Brake System market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Electric Parking Brake System Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Electric Parking Brake System industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Electric Parking Brake System Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Electric Parking Brake System Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Electric Parking Brake System market segments. Similarly, Strong end-user demand is encouraging Canadian Electric Parking Brake System companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Electric Parking Brake System market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Electric Parking Brake System Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Electric Parking Brake System industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Electric Parking Brake System market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Electric Parking Brake System Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Electric Parking Brake System in Asia Pacific. In particular, China, India, and South East Asian Electric Parking Brake System markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Electric Parking Brake System Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Electric Parking Brake System Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Electric Parking Brake System market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Electric Parking Brake System.

Electric Parking Brake System Market Company Profiles
The global Electric Parking Brake System market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are AB SKF, Aisin Seiki Co. Ltd, Continental AG, DURA Automotive Systems, Hyundai Mobis Co. Ltd, K??ster Holding GmbH, Mando-Hella Electronics Corp, TBK Co. Ltd, Wuhu Bethel Automotive Safety Systems Co. Ltd, ZF Friedrichshafen AG.

Recent Electric Parking Brake System Market Developments
The global Electric Parking Brake System market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Electric Parking Brake System Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
Pricing Analysis
Value Chain Analysis
SWOT Profile
Market Dynamics- Trends, Drivers, Challenges
Porter’s Five Forces Analysis
Macroeconomic Impact Analysis
Case Scenarios- Low, Base, High

Market Segmentation:
Type
Electric-Hydraulic Caliper System
Cable-Pull System
Component
Electronic Control Unit (ECU)
Actuator
Switch
Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
Brake
Disc Brake
Drum Brake
Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Sales Channel
OEMs
Aftermarket

Geographical Segmentation:
North America (3 markets)
Europe (6 markets)
Asia Pacific (6 markets)
Latin America (3 markets)
Middle East Africa (5 markets)

Companies
AB SKF
Aisin Seiki Co. Ltd
Continental AG
DURA Automotive Systems
Hyundai Mobis Co. Ltd
K??ster Holding GmbH
Mando-Hella Electronics Corp
TBK Co. Ltd
Wuhu Bethel Automotive Safety Systems Co. Ltd
ZF Friedrichshafen AG.
Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Magnesium Alloy Wheels Market Overview and Key Findings, 2024
1.2 Magnesium Alloy Wheels Market Size and Growth Outlook, 2021- 2030
1.3 Magnesium Alloy Wheels Market Growth Opportunities to 2030
1.4 Key Magnesium Alloy Wheels Market Trends and Challenges
  1.4.1 Magnesium Alloy Wheels Market Drivers and Trends
  1.4.2 Magnesium Alloy Wheels Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Magnesium Alloy Wheels Companies

2. MAGNESIUM ALLOY WHEELS MARKET SIZE OUTLOOK TO 2030

2.1 Magnesium Alloy Wheels Market Size Outlook, USD Million, 2021- 2030
2.2 Magnesium Alloy Wheels Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. MAGNESIUM ALLOY WHEELS MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. MAGNESIUM ALLOY WHEELS MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
Type
Drop Rims
Rotator Wheels
Spoke Wheels
Application
Passenger Car
Commercial Vehicle
Racing Car
Others
Manufacturing
Casting
Forging
End-User
Original Equipment Manufacturer (OEM)
Aftermarket
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Magnesium Alloy Wheels Market, 2025
5.2 Asia Pacific Magnesium Alloy Wheels Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Magnesium Alloy Wheels Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Magnesium Alloy Wheels Market, 2025
5.5 Europe Magnesium Alloy Wheels Market Size Outlook by Type, 2021- 2030
5.6 Europe Magnesium Alloy Wheels Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Magnesium Alloy Wheels Market, 2025
5.8 North America Magnesium Alloy Wheels Market Size Outlook by Type, 2021- 2030
5.9 North America Magnesium Alloy Wheels Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Magnesium Alloy Wheels Market, 2025
5.11 South America Pacific Magnesium Alloy Wheels Market Size Outlook by Type, 2021- 2030
5.12 South America Magnesium Alloy Wheels Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Magnesium Alloy Wheels Market, 2025
5.14 Middle East Africa Magnesium Alloy Wheels Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Magnesium Alloy Wheels Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Magnesium Alloy Wheels Market Size Outlook and Revenue Growth Forecasts
6.2 US Magnesium Alloy Wheels Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Magnesium Alloy Wheels Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Magnesium Alloy Wheels Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Magnesium Alloy Wheels Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Magnesium Alloy Wheels Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Magnesium Alloy Wheels Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Magnesium Alloy Wheels Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Magnesium Alloy Wheels Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Magnesium Alloy Wheels Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Magnesium Alloy Wheels Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Magnesium Alloy Wheels Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Magnesium Alloy Wheels Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Magnesium Alloy Wheels Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Magnesium Alloy Wheels Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Magnesium Alloy Wheels Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Magnesium Alloy Wheels Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Magnesium Alloy Wheels Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Magnesium Alloy Wheels Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Magnesium Alloy Wheels Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Magnesium Alloy Wheels Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Magnesium Alloy Wheels Industry Drivers and Opportunities

7. MAGNESIUM ALLOY WHEELS MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. MAGNESIUM ALLOY WHEELS COMPANY PROFILES

8.1 Profiles of Leading Magnesium Alloy Wheels Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
APP TECH Inc
BBI Autosport LLC
Marchesini S.p.A.
Marvic Wheels S.r.l.
OZ Motorbike S.r.l.
Panther Wheel Inc
RAYS Co. Ltd
SMW Engineering GmbH

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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