Germany Electric Parking Brake Market, By Type (USD million)

Year ELECTRIC-HYDRAULIC CALIPER SYSTEM CABLE-PULL SYSTEM
2017 $ 67.9 $ 24.5
2018 $ 69.8 $ 25.0
2019 $ 71.8 $ 25.5
2020 $ 73.0 $ 25.8
2021 $ 74.6 $ 26.1
2022 $ 76.9 $ 26.7
2023 $ 80.0 $ 27.6
2024 $ 84.0 $ 28.8
2025 $ 89.3 $ 30.4
2026 $ 96.3 $ 32.6
2027 $ 105.7 $ 35.5
2028 $ 118.3 $ 39.4
2029 $ 135.2 $ 44.7
2030 $ 158.4 $ 52.0
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Germany Electric Parking Brake Market, By Type (USD million)

Synopsis
The above chart is Germany Electric Parking Brake Market, By Type (USD million)

Market Dynamics

the global automotive industry has been constantly evolving with the advancement of technology. one of the significant technological innovations in the automotive sector is the introduction of electric parking brakes (epb). epb is an advanced braking system that offers better control, convenience, and safety to drivers compared to traditional handbrakes. in germany, epb is gaining popularity among automobile manufacturers and consumers due to its various benefits. epb comes in two types - manual and automatic. the manual epb usually consists of a switch or lever, which the driver pulls to activate the brake. on the other hand, automatic epb uses sensors and electronic control units to activate the brake as soon as the engine is turned off. this technology eliminates the need for the pedal and lever mechanism, resulting in more space in the vehicle cabin, providing a sleeker and modern look. enhanced safety is one of the major factors driving the demand for electric parking brakes in germany. epb comes with an auto-hold function, which engages the brake automatically when the vehicle is stationary, making it easier for drivers in traffic or on steep surfaces. this feature not only provides better control and stability but also prevents the vehicle from rolling back. additionally, epb also ensures the absence of human error, providing a safer and smoother parking experience. moreover, epb offers greater convenience to drivers, especially in urban areas with heavy traffic. it eliminates the need for physical effort and allows the driver to hold the brake for a longer time without any discomfort. this feature is particularly useful in stop-and-go traffic conditions, making everyday driving less stressful. epb also contributes to the sustainability of the automotive industry by reducing carbon emissions. compared to traditional handbrakes, epb is lighter in weight and requires fewer components, resulting in lesser fuel consumption and emission of harmful pollutants. in conclusion, the demand for electric parking brakes in germany is increasing due to its numerous advantages, such as enhanced safety, convenience, and sustainability. as more automobile manufacturers continue to adopt this technology, we can expect to see a significant shift towards epb in the country's automotive market, offering a better driving experience to the consumers.

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