The global Electric Parking Brake System Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Electric-Hydraulic Caliper System, Cable-Pull System), By Component (Electronic Control Unit (ECU), Actuator, Switch), By Technology (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TCS), Electronic Brake-Force Distribution (EBD)), By Brake (Disc Brake, Drum Brake), By Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channel (OEMs, Aftermarket).
The Electric Parking Brake System Market is witnessing steady expansion in 2024, propelled by advancements in automotive safety, comfort, and convenience features. Electric parking brake systems replace traditional mechanical handbrakes with electronically controlled actuators, offering drivers precise and effortless control over parking maneuvers. As vehicle manufacturers prioritize compact design, weight savings, and interior space optimization, electric parking brake systems have become standard or optional equipment in a wide range of passenger cars, SUVs, and light commercial vehicles. Moreover, the integration of electronic stability control (ESC) and hill-start assist functions enhances vehicle stability and driver confidence during parking and emergency braking situations. Additionally, the adoption of electric parking brake systems aligns with industry trends towards vehicle electrification and autonomous driving, paving the way for further innovation in brake-by-wire technology and driver-assistance features. With the continuous evolution of automotive braking systems, the Electric Parking Brake System Market plays a crucial role in enhancing vehicle safety and user experience in the evolving automotive landscape.
The global Electric Parking Brake System market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Electric Parking Brake System Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Electric Parking Brake System Market Industry include- AB SKF, Aisin Seiki Co. Ltd, Continental AG, DURA Automotive Systems, Hyundai Mobis Co. Ltd, Küster Holding GmbH, Mando-Hella Electronics Corp, TBK Co. Ltd, Wuhu Bethel Automotive Safety Systems Co. Ltd, ZF Friedrichshafen AG.
A prominent trend in the Electric Parking Brake System Market is the increasing adoption of electric parking brake systems in the automotive industry. Electric parking brake systems offer several advantages over traditional mechanical parking brakes, including space-saving design, enhanced safety features, and integration with vehicle automation systems. Automakers are increasingly incorporating electric parking brake systems into their vehicle models to meet stringent safety regulations, improve vehicle performance, and enhance driver convenience. This trend is driven by the growing consumer preference for advanced safety features and the automotive industry's focus on innovation and technology integration.
A key driver in the Electric Parking Brake System Market is the implementation of stringent safety regulations and consumer demand for advanced features in vehicles. Governments worldwide are imposing strict safety standards and regulations to reduce accidents and improve road safety. Electric parking brake systems offer features such as automatic brake hold, hill start assist, and emergency brake assist, which enhance vehicle safety and prevent accidents. Additionally, consumers are increasingly demanding advanced safety features and convenience in their vehicles, driving automakers to adopt electric parking brake systems in their vehicle models. As a result, manufacturers of electric parking brake systems benefit from the growing demand for safety-enhancing technologies and the need to comply with regulatory requirements.
An opportunity within the Electric Parking Brake System Market is the integration of electric parking brake systems with electric and autonomous vehicles. As the automotive industry transitions towards electrification and autonomous driving technologies, there is a growing need for advanced brake systems that can complement these advancements. Electric parking brake systems can be seamlessly integrated with electric vehicles (EVs) and autonomous vehicles to enhance braking performance, optimize energy efficiency, and facilitate automated parking maneuvers. Manufacturers can capitalize on this opportunity by developing electric parking brake systems specifically designed for electric and autonomous vehicles, incorporating features such as regenerative braking, intelligent parking assist, and vehicle-to-infrastructure communication. By aligning their product offerings with the evolving needs of the automotive industry, manufacturers can position themselves as leaders in the Electric Parking Brake System Market and drive future growth and innovation.
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
AftermarketGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa
AB SKF
Aisin Seiki Co. Ltd
Continental AG
DURA Automotive Systems
Hyundai Mobis Co. Ltd
Küster Holding GmbH
Mando-Hella Electronics Corp
TBK Co. Ltd
Wuhu Bethel Automotive Safety Systems Co. Ltd
ZF Friedrichshafen AG
*- List not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Electric Parking Brake System Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Electric Parking Brake System Market Size Outlook, $ Million, 2021 to 2030
3.2 Electric Parking Brake System Market Outlook by Type, $ Million, 2021 to 2030
3.3 Electric Parking Brake System Market Outlook by Product, $ Million, 2021 to 2030
3.4 Electric Parking Brake System Market Outlook by Application, $ Million, 2021 to 2030
3.5 Electric Parking Brake System Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Electric Parking Brake System Industry
4.2 Key Market Trends in Electric Parking Brake System Industry
4.3 Potential Opportunities in Electric Parking Brake System Industry
4.4 Key Challenges in Electric Parking Brake System Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Electric Parking Brake System Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Electric Parking Brake System Market Outlook by Segments
7.1 Electric Parking Brake System Market Outlook by Segments, $ Million, 2021- 2030
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
8 North America Electric Parking Brake System Market Analysis and Outlook To 2030
8.1 Introduction to North America Electric Parking Brake System Markets in 2024
8.2 North America Electric Parking Brake System Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Electric Parking Brake System Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
9 Europe Electric Parking Brake System Market Analysis and Outlook To 2030
9.1 Introduction to Europe Electric Parking Brake System Markets in 2024
9.2 Europe Electric Parking Brake System Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Electric Parking Brake System Market Size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
10 Asia Pacific Electric Parking Brake System Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Electric Parking Brake System Markets in 2024
10.2 Asia Pacific Electric Parking Brake System Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Electric Parking Brake System Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
11 South America Electric Parking Brake System Market Analysis and Outlook To 2030
11.1 Introduction to South America Electric Parking Brake System Markets in 2024
11.2 South America Electric Parking Brake System Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Electric Parking Brake System Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
12 Middle East and Africa Electric Parking Brake System Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Electric Parking Brake System Markets in 2024
12.2 Middle East and Africa Electric Parking Brake System Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Electric Parking Brake System Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AB SKF
Aisin Seiki Co. Ltd
Continental AG
DURA Automotive Systems
Hyundai Mobis Co. Ltd
Küster Holding GmbH
Mando-Hella Electronics Corp
TBK Co. Ltd
Wuhu Bethel Automotive Safety Systems Co. Ltd
ZF Friedrichshafen AG
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Electric-Hydraulic Caliper System
Cable-Pull System
By Component
Electronic Control Unit (ECU)
Actuator
Switch
By Technology
Anti-Lock Braking System (ABS)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Electronic Brake-Force Distribution (EBD)
By Brake
Disc Brake
Drum Brake
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEMs
Aftermarket
The global Electric Parking Brake System Market is one of the lucrative growth markets, poised to register a 12.9% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AB SKF, Aisin Seiki Co. Ltd, Continental AG, DURA Automotive Systems, Hyundai Mobis Co. Ltd, Küster Holding GmbH, Mando-Hella Electronics Corp, TBK Co. Ltd, Wuhu Bethel Automotive Safety Systems Co. Ltd, ZF Friedrichshafen AG
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume