North America Electronic Parking Brake(EPB) System Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The North American Electronic Parking Brake (EPB) System market has seen tremendous growth in recent years, driven by the increasing demand for advanced automotive technologies, convenience, and safety. The electronic parking brake system, which replaces the traditional manual handbrake, offers improved performance, enhanced user experience, and reduced space requirements in vehicle design. As more car manufacturers move towards incorporating high-tech systems into their vehicles, the EPB market is expected to expand further, particularly in the U.S. and Canada.
One of the key factors fueling the adoption of EPB systems is the growing demand for vehicle automation and smart features. With a rise in consumer interest for user-friendly and efficient driving experiences, EPB provides an automatic braking system that is not only more convenient but also increases overall safety. The EPB system is equipped with sensors that engage the parking brake automatically, especially when the vehicle is parked on slopes or during emergency situations. This helps prevent rollaway accidents, providing drivers with peace of mind.
Industries such as automotive manufacturing, especially electric vehicle (EV) makers, are increasingly relying on EPB to reduce weight and space consumption. The demand for lightweight, compact designs is especially critical for EVs to maximize battery efficiency and range. EPB’s compact nature makes it an ideal solution for these modern electric vehicles, as it does not require the traditional handbrake lever, giving engineers the flexibility to design more spacious interiors.
Moreover, industries are focused on reducing overall production costs and improving sustainability. EPB systems contribute to these objectives by reducing the number of mechanical parts, which lowers production and maintenance costs. Additionally, with fewer mechanical components, EPBs are less prone to wear and tear, thus extending the longevity of the vehicle and minimizing maintenance needs.
The future of the North American Electronic Parking Brake (EPB) System market looks promising as the shift towards autonomous vehicles, sustainability, and advanced safety systems continues to gain momentum. Major car manufacturers are increasingly incorporating EPB systems into their designs, not only for their convenience but also for their ability to meet regulatory requirements and consumer demands for smarter, safer vehicles.
North America Electronic Parking Brake(EPB) System Market
Get an In-Depth Research Analysis of the North America Electronic Parking Brake(EPB) System Market Size And Forecast [2025-2032]
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.
Get Discount On The Purchase of the North America Electronic Parking Brake(EPB) System Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America 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
North America (United States, North America 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)
For More Information or Query, Visit @ Electronic Parking Brake(EPB) System Market Research Analysis
1. Introduction of the North America 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. North America Electronic Parking Brake(EPB) System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electronic Parking Brake(EPB) System Market, By Type
6. North America Electronic Parking Brake(EPB) System Market, By Application
7. North America Electronic Parking Brake(EPB) System Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electronic Parking Brake(EPB) System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/