Electric Parking Brake (EPB) System Market by Vehicle Type (Passenger Cars, Commercial Vehicles), Component (Actuator, Electronic Control Unit, Switch), Sales Channel, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Electric Parking Brake (EPB) System Market Size

The electric parking brake (EPB) system market size was valued at $3.48 billion in 2023 and is projected to reach $5.52 billion by 2029, growing at a CAGR of 8.0% from 2023 to 2029.

Electric Parking Brake (EPB) System Market Overview

An Electric Parking Brake (EPB) System is an advanced automotive braking technology that replaces the traditional handbrake or foot pedal-operated parking brake in vehicles. This system uses electric motors to apply and release the parking brake instead of the conventional mechanical linkage. Controlled by an electronic control unit (ECU), the EPB system offers several advantages, including space savings, ease of integration with other vehicle systems, and enhanced safety features. Drivers can engage or disengage the parking brake with the push of a button or switch, often located on the center console. Additionally, the EPB system can incorporate features such as automatic activation upon engine shutdown, hill-hold functions, and integration with vehicle stability control systems. The electric parking brake contributes to improved vehicle design, driver convenience, and overall safety in modern automotive applications.

Market Dynamics:

Growth Drivers

• Rising consumer demand for fuel-efficient automobiles.
• Increasing premium and luxury car production and sales.

Constraints

• High cost of EPB systems.
• Complexities in the installation procedure of EPB systems.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles.

By component, the market is fragmented into actuator, electronic control unit, and switch.

Depending on the sales channel, the market is segregated into aftermarket and original equipment manufacturer (OEM).

List of the Key Players Profiled in the Report Includes:

• Continental AG
• Aisin Seiki Co. Ltd.
• Robert Bosch GmbH
• Hyundai Mobis
• ZF Friedrichshafen AG
• Hitachi Automotive Systems Ltd.
• Wabco Holdings Inc.
• Knorr-Bremse AG
• Mando Corporation
• TBK Co. Ltd.

Market by, Geography:

The electric parking brake (EPB) system market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Electric Parking Brake (EPB) System Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Electric Parking Brake (EPB) System Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Electric Parking Brake (EPB) System Market by, Vehicle Type 
 6.1 Overview 
 6.2 Passenger Cars 
 6.3 Commercial Vehicles 
 
7 Global Electric Parking Brake (EPB) System Market by, Component 
 7.1 Overview 
 7.2 Actuator 
 7.3 Electronic Control Unit 
 7.4 Switch 
 
8 Global Electric Parking Brake (EPB) System Market by, Sales Channel 
 8.1 Overview 
 8.2 Aftermarket 
 8.3 Original Equipment Manufacturer (OEM) 
 
9 Global Electric Parking Brake (EPB) System Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US
 9.2.2 Canada
 9.2.3 Mexico
 9.3 Europe 
 9.3.1 Germany
 9.3.2 France
 9.3.3 UK
 9.3.4 Italy
 9.3.5 Spain
 9.3.6 Rest of Europe
 9.4 Asia Pacific 
 9.4.1 China
 9.4.2 Japan
 9.4.3 India
 9.4.4 South Korea
 9.4.5 Australia
 9.4.6 New Zealand
 9.4.7 Rest of Asia Pacific
 9.5 South America 
 9.5.1 Brazil
 9.5.2 Argentina
 9.5.3 Chile
 9.5.4 Rest of South America
 9.6 Middle East & Africa 
 9.6.1 UAE
 9.6.2 Saudi Arabia
 9.6.3 Qatar
 9.6.4 Iran
 9.6.5 South Africa
 9.6.6 Rest of Middle East & Africa
 
10 Key Developments 
 
11 Company Profiling 
 11.1 Continental AG 
 11.1.1 Business Overview
 11.1.2 Product/Service Offering
 11.1.3 Financial Overview
 11.1.4 SWOT Analysis
 11.1.5 Key Activities
 11.2 Aisin Seiki Co. Ltd. 
 11.3 Robert Bosch GmbH 
 11.4 Hyundai Mobis 
 11.5 ZF Friedrichshafen AG 
 11.6 Hitachi Automotive Systems Ltd. 
 11.7 Wabco Holdings Inc. 
 11.8 Knorr-Bremse AG 
 11.9 Mando Corporation 
 11.10 TBK Co. Ltd.