Electronic Parking Brake(EPB) System Market size was valued at USD 7.5 Billion in 2024 and is projected to reach USD 12.8 Billion by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
The global Electronic Parking Brake (EPB) System market was valued at USD 5.61 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 10.6% from 2023 to 2030. The growing demand for advanced safety features in automobiles, along with stricter regulations concerning vehicle safety, is driving the adoption of EPB systems across the automotive sector. The shift towards electric and autonomous vehicles, which require advanced braking technologies, further accelerates market growth. Additionally, the increased production of electric vehicles (EVs) globally contributes significantly to the growing need for EPB systems, as they align with the shift towards automated and space efficient solutions. The market’s growth trajectory indicates a steady rise in consumer preference for these systems, as well as their integration into new vehicle models across various segments including sedans, SUVs, and commercial vehicles.
Regionally, Europe held the largest market share in 2022, accounting for approximately 35% of the total market, owing to the early adoption of EPB systems and a high concentration of automotive manufacturers in the region. North America follows with a notable share, driven by technological advancements and the presence of leading automotive companies. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, with countries like China and Japan witnessing significant demand for EPB systems due to the rise in vehicle production and the expansion of electric vehicle infrastructure. The growing awareness regarding environmental sustainability and government incentives in the region further enhance the adoption of EPB systems in modern vehicles.
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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. 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
Mechanical Actuation
Electromechanical Actuation
Hydraulic Actuation
Pneumatic Actuation
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Hybrid Vehicles
Conventional EPB Systems
Advanced EPB Systems
Control Module
Actuator
Sensor
Wiring Harness
Original Equipment Manufacturers (OEM)
Aftermarket Sales
US (United States, US 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
US
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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