Europe Electronic Parking Brake(EPB) System Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 11.0% from 2024 to 2030.
The European Electronic Parking Brake (EPB) System market has seen significant growth over the past decade, driven by increasing demand for advanced automotive technologies and the push for enhanced safety and convenience in modern vehicles. EPB systems are now integral components in passenger and commercial vehicles, offering an array of advantages such as space-saving, ease of use, and improved control over braking systems. With its growing popularity, the industry is witnessing rising requirements from automakers and technology providers for more efficient, reliable, and innovative parking brake solutions.
EPB systems can be categorized into two types: mechanical and electronic. The electronic variant, which dominates the European market, replaces traditional manual parking brakes with a push-button mechanism. It automatically engages or disengages the brake, offering better ease of use, especially in compact vehicles or electric vehicles (EVs) where space optimization is crucial. Furthermore, EPB systems are designed to work seamlessly with other safety technologies such as autonomous braking systems and electronic stability control, making them essential in modern vehicle designs.
One of the key industry requirements driving the demand for EPB systems is the ongoing push towards autonomous vehicles. As vehicles become smarter and more automated, the need for reliable, self-operating braking systems has never been greater. EPB systems support these developments by offering smooth, reliable, and easy-to-integrate solutions into more complex automotive platforms. Additionally, the increased popularity of electric vehicles (EVs) and hybrid vehicles further accelerates the demand for EPB systems, as these vehicles rely heavily on advanced electronic solutions for braking and driving assistance features.
The automotive industry also requires EPB systems to be highly durable and adaptable to a variety of driving conditions. Manufacturers are focused on developing systems that offer long-lasting performance even in extreme temperatures or under heavy usage. Moreover, industry leaders are looking to improve the efficiency of EPB systems to reduce power consumption and extend the lifespan of vehicle batteries, a critical aspect for electric and hybrid vehicles.
In line with the trend towards environmentally friendly vehicles, the EPB market is also experiencing demand for more sustainable solutions. Automotive manufacturers are looking for systems that reduce the overall environmental impact, both during production and operation. As the market continues to evolve, manufacturers are expected to innovate and provide EPB solutions that meet both the functional and environmental needs of the modern automotive industry, aligning with the ongoing push towards sustainable transportation.
With these advancements, the European Electronic Parking Brake (EPB) System market is poised for continued growth, with increasing adoption across passenger vehicles, commercial fleets, and electric vehicles. As the demand for smarter, more sustainable, and efficient braking systems grows, the EPB market will remain a focal point for innovation within the automotive sector.
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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
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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 Europe 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 Europe 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. Europe Electronic Parking Brake(EPB) System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Electronic Parking Brake(EPB) System Market, By Type
6. Europe Electronic Parking Brake(EPB) System Market, By Application
7. Europe Electronic Parking Brake(EPB) System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Electronic Parking Brake(EPB) System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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