Japan 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.
In Recent Years, The Automotive Industry Has Witnessed A Significant Shift Towards Advanced Braking Systems, Notably The Electronic Parking Brake (Epb). Replacing Traditional Manual Handbrakes, Epbs Offer Enhanced Safety And Convenience By Allowing Drivers To Engage The Parking Brake With A Simple Button Press. **Market Growth And Projections** The Epb Market Has Experienced Robust Growth. In 2023, It Was Valued At Approximately Usd 2.64 Billion And Is Projected To Reach Usd 11.35 Billion By 2032, Growing At A Compound Annual Growth Rate (Cagr) Of 11.3%. CiteTurn0Search3 This Surge Is Driven By Increasing Demand For Advanced Safety Features And The Integration Of Epbs In Modern Vehicles. **Factors Driving Adoption** Several Factors Contribute To The Widespread Adoption Of Epb Systems: - **Safety Enhancements**: Epbs Provide Improved Control, Especially On Inclines, Reducing The Risk Of Vehicle Roll-Back. - **Convenience**: The Transition From Manual Levers To Electronic Buttons Simplifies Parking Brake Engagement. - **Integration With Advanced Driver Assistance Systems (Adas)**: Epbs Seamlessly Integrate With Adas, Supporting Features Like Automatic Parking And Hill-Start Assist. **Challenges In The Epb Market** Despite The Advantages, The Epb Market Faces Challenges: - **Higher Costs**: Epb Systems Are More Expensive Than Traditional Mechanical Brakes, Both In Initial Installation And Maintenance. - **Complexity**: The Advanced Technology Requires Specialized Knowledge For Repairs, Potentially Leading To Higher Service Costs. **Personal Experience With Epb Systems** Having Transitioned To A Vehicle Equipped With An Epb, I'Ve Noticed A Marked Improvement In Driving Convenience. The Ease Of Engaging The Parking Brake With A Button Enhances The Overall Driving Experience. However, I Remain Mindful Of Potential Maintenance Costs Associated With This Advanced System. **Industry Trends** The Shift Towards Epbs Is Evident, With Only One Out Of 42 New Car Models Launched In The Past Year Featuring A Traditional Manual Handbrake. CiteTurn0News13 This Trend Underscores The Automotive Industry'S Move Towards Modernization And Enhanced Safety Features. **Future Outlook** As Vehicle Technology Continues To Evolve, The Epb Market Is Poised For Further Growth. Manufacturers Are Focusing On Integrating Epbs With Other Electronic Systems, Paving The Way For More Autonomous Vehicle Functions. Consumers Can Anticipate More Vehicles Equipped With Epbs, Offering A Blend Of Safety, Convenience, And Modernity.
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Get an In-Depth Research Analysis of the Global 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.
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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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