Electric Parking Brake (EPB) - Global Strategic Business Report

The global market for Electric Parking Brake (EPB) was valued at US$2.9 Billion in 2024 and is projected to reach US$6.9 Billion by 2030, growing at a CAGR of 15.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Electric Parking Brake (EPB) Market - Key Trends and Drivers Summarized

What Makes Electric Parking Brake (EPB) Systems a Game-Changer in Modern Vehicles?

Electric Parking Brake (EPB) systems have revolutionized how drivers engage and control their vehicle's parking brake. Unlike traditional hand or foot-operated mechanical brakes, EPB systems use electronic controls to engage the brakes with a simple push of a button. This technology not only enhances convenience but also integrates seamlessly with advanced driver-assistance systems (ADAS) to improve safety and efficiency. As vehicles become more automated, EPB systems are becoming increasingly common, especially in luxury and mid-range models. The ability of EPB systems to automatically engage or release based on driving conditions adds to their appeal. With advancements in vehicle automation and the increasing emphasis on safety features, the EPB market is poised for robust growth, reshaping modern braking systems.

How Is the Electric Parking Brake Market Structured?

Types of EPB systems include cable-pull and caliper-integrated systems. Cable-pull systems are generally more cost-effective and are often used in mid-range vehicles, while caliper-integrated systems are found in high-end models due to their superior performance and integration with other electronic systems. Vehicle categories encompass passenger cars, light commercial vehicles, and heavy commercial vehicles, with passenger cars dominating the market. The increasing adoption of EPB systems in electric and hybrid vehicles is particularly noteworthy, as they align with the technological advancements and compact designs of these vehicles. Distribution channels include OEMs and the aftermarket, with OEMs holding a larger share due to the integration of EPB systems in new vehicle models. Regionally, Europe and North America lead in EPB adoption, driven by stringent safety regulations and high consumer demand for advanced vehicle features, while the Asia-Pacific region is experiencing rapid growth as automakers in emerging economies adopt EPB technology.

What Trends Are Influencing Electric Parking Brake Technology?

Several trends are driving innovation in EPB technology. The integration of EPB systems with ADAS features, such as hill-start assist and automatic emergency braking, is one of the most significant advancements, enhancing both convenience and safety. The growing focus on vehicle electrification has spurred the development of EPB systems that are compatible with electric and hybrid powertrains, contributing to efficient space utilization and reducing vehicle weight. The rise of autonomous vehicles has also impacted EPB technology, as these systems are crucial for automated parking and safety features. Manufacturers are investing in the miniaturization of EPB components, allowing for more compact and lightweight designs that improve fuel efficiency. Additionally, advancements in sensor technology are enabling EPB systems to provide more accurate and responsive braking control. The increasing use of smart software and connectivity features has also made remote control and diagnostics of EPB systems a reality, adding another layer of convenience for vehicle owners.

What Factors Are Driving the Growth in the Electric Parking Brake Market?

The growth in the electric parking brake market is driven by several factors, including the rising demand for advanced safety features, the trend toward vehicle electrification, and regulatory requirements for improved braking systems. One of the primary drivers is the automotive industry's shift toward more automated and tech-savvy vehicles, where EPB systems offer both safety and efficiency benefits. The increasing integration of EPB systems with ADAS technologies has made them essential for modern vehicles, contributing to their widespread adoption. The push for lightweight vehicle designs has also fueled the demand for EPB systems, which are more compact and efficient than traditional mechanical brakes. The surge in electric and hybrid vehicle production has created additional opportunities for EPB technology, as these vehicles require advanced and integrated braking solutions. Furthermore, consumer preference for convenience and ease of use has driven automakers to equip more models with EPB systems. Finally, stringent safety regulations and crash standards worldwide have accelerated the adoption of EPB systems, making them a standard feature in new vehicle models.

Report Scope

The report analyzes the Electric Parking Brake (EPB) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Electric Hydraulic Caliper Systems, Cable Pull Systems); End-Use (Passenger Cars End-Use, Commercial Vehicles End-Use).

Geographic Regions/Countries

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Electric Hydraulic Caliper Systems segment, which is expected to reach US$4.3 Billion by 2030 with a CAGR of a 15.9%. The Cable Pull Systems segment is also set to grow at 14.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $788.5 Million in 2024, and China, forecasted to grow at an impressive 20.5% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ADVICS CO., Ltd., Aisin Corporation, Akebono Brake Industry Co., Ltd., Allegro MicroSystems, Inc., APG Performance and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Electric Parking Brake (EPB) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Parking Brake (EPB) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Electric Parking Brake (EPB) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 36 major companies featured in this Electric Parking Brake (EPB) market report include:

• ADVICS CO., Ltd.
• Aisin Corporation
• Akebono Brake Industry Co., Ltd.
• Allegro MicroSystems, Inc.
• APG Performance
• Brembo SpA
• Continental AG
• Disc Brakes Australia
• Dura-Shiloh
• Electronic Mobility Controls LLC