Electronic Parking Brake(EPB) System Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
During 2018-2022, the key drivers included the rising demand for agrochemicals, where 4 CBCl played a crucial role in synthesizing plant protection chemicals. Additionally, its importance in the production of biopolymers and as an intermediate in pharmaceutical production was prominent. Despite the challenges presented by the pandemic, demand rebounded in 2022, aided by industrial growth and global economic recovery. The market also saw technological advancements in chemical manufacturing that made 4 CBCl more accessible, efficient, and cost-effective for large-scale production.
The future outlook from 2023 to 2033 suggests that the demand for 4 Chlorobutyryl Chloride is expected to grow at a steady pace, with significant acceleration anticipated in the later years of the decade. Emerging economies, particularly in Asia-Pacific, are projected to drive a large portion of this growth, as chemical industries in these regions continue to expand. Furthermore, increased investments in sustainable production methods and stricter environmental regulations may also influence demand patterns. The rise in bio-based chemicals and green chemistry applications is likely to spur innovation, thus increasing the relevance of 4 CBCl in new chemical applications. As companies look toward more sustainable and environmentally friendly production processes, 4 CBCl is expected to maintain its position as a key building block in several critical industries.
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The global 4 Chlorobutyryl Chloride (4 CBCl) market experienced significant fluctuations from 2018 to 2022, reflecting shifts in demand driven by various industrial sectors, including pharmaceuticals, agrochemicals, and plastics manufacturing. Over this period, the demand for 4 CBCl saw both peaks and valleys, with varying growth rates attributed to changes in regulatory frameworks, technological advancements, and global supply chain disruptions. While the market had a steady growth trajectory between 2018 and 2020, the pandemic-induced economic slowdown caused a sharp decline in 2021, followed by a gradual recovery in 2022. The market's performance during this period was primarily influenced by the growing need for more efficient chemical manufacturing processes and the increasing utilization of 4 CBCl in the production of specialty chemicals.
Furukawa Electric
Hitachi
KYUNGSHIN
Leoni
LS Cable & System
Prysmian
Sumitomo Electric Industries
TE Connectivity
Yazaki
Murata Manufacturing
Lucas Varity Langzhong Brake
Bethel Automotive Safety Systems
Continental AG
STMicroelectronics
Allegro MicroSystems
BWI Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electronic Parking Brake(EPB) System Market
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Electronic Parking Brake(EPB) System market share In 2023.
With Auto Hold
Without Auto Hold
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electronic Parking Brake(EPB) System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electronic Parking Brake(EPB) System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Parking Brake(EPB) System Market, By Type
6. Global Electronic Parking Brake(EPB) System Market, By Application
7. Global Electronic Parking Brake(EPB) System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electronic Parking Brake(EPB) System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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