Electric Parking Brake (EPB) Market Size - By Type, By Component, By Vehicle, By Sales Channel, Analysis, Share, Growth Forecast, 2025 - 2034

Electric Parking Brake Market Size

The global electric parking brake market size was valued at USD 3 billion in 2024 and is projected to grow at a CAGR of 16.8% between 2025 and 2034, due to increasing demand for advanced safety features in vehicles. These enhance vehicle safety by providing improved control over braking systems, particularly on inclines. They also offer convenience through features like auto-hold and electronic emergency braking. Stricter safety standards and regulatory requirements for advanced braking systems are contributing to market expansion.
 

As automotive manufacturers integrate more sophisticated technologies, EPBs are becoming standard in modern vehicles. For instance, in November 2023, ADVICS announced an expansion of its product range with new Electric Parking Brake actuator kits. These kits, designed for easy installation and automatic engagement of parking brakes, include OE production parts from Japan and installation hardware. The new parts (part numbers ACR001 and ACR002) cover over eight million vehicles in operation. ADVICS and AISIN World Corp. of America will handle distribution, with the new products already in stock.
 

The push towards enhanced vehicle efficiency and reduced weight is another significant driver in the electric parking brake market. EPBs eliminate the need for traditional mechanical linkages and components, resulting in lighter and more compact brake systems. This weight reduction improves overall vehicle fuel efficiency and performance. As manufacturers aim for better fuel economy and lower emissions, EPBs are increasingly adopted across various vehicle segments for their contribution to these goals.
 

Electric Parking Brake Market Trends

A significant trend in the electric parking brake (EPB) industry is the integration of advanced driver assistance systems (ADAS). Modern vehicles increasingly incorporate ADAS technologies, such as automated parking and collision avoidance, which require sophisticated braking solutions. EPBs, with their precise control and automation capabilities, complement these systems by enhancing safety and convenience. This integration enables features like auto-hold and automatic release in various driving scenarios. As ADAS technology advances, the demand for systems that can seamlessly integrate and operate with these advanced features continues to grow.
 

A notable challenge in the electric parking brake (EPB) market is the high cost of the systems and their maintenance. EPBs typically involve complex electronic components and advanced technology, making them more expensive than traditional mechanical brakes. The initial installation cost can be a barrier for some consumers, and aftermarket parts may also be more costly. Furthermore, maintenance and repair expenses can be higher due to the complexity of the electronic systems. This financial aspect can impact consumer adoption and market growth.
 

Electric Parking Brake Market Analysis

Based on vehicles, the market is segmented into passenger and commercial vehicles. In 2024, passenger vehicles segment accounted for a market share of over 80%. Passenger vehicles dominate the market primarily due to their widespread adoption of advanced safety and convenience features. They offer ease of use with simple button activation, which enhances driver comfort and vehicle control. Additionally, the trend towards increased automation and smart features in passenger vehicles drives the demand.
 

Automakers are integrating EPBs to meet stringent safety regulations and consumer preferences for high-tech solutions. Furthermore, the growing emphasis on reducing vehicle weight and improving fuel efficiency aligns well with the benefits of these systems. The combination of these factors makes EPBs a popular choice in passenger vehicles.
 

Based on the ownership model, the electric parking brake market is divided into OEMs and Aftermarket. The OEM segment held 87.6% of the market share in 2024. OEMs drive market growth by integrating EPBs into new vehicle models as standard features, aligning with industry trends toward automation and advanced safety systems. They leverage EPBs to enhance vehicle design flexibility, reduce weight, and improve overall performance, which appeals to both consumers and manufacturers.
 

Additionally, OEMs benefit from economies of scale, reducing production costs and enabling competitive pricing. The continuous innovation and development of technology by OEMs help meet evolving regulatory requirements and consumer expectations. Furthermore, OEMs often collaborate with suppliers to ensure high-quality and reliable EPB systems, further boosting market adoption. This integration into new vehicles helps establish electric parking brake as a standard feature, driving their market presence and growth.
 

China electric parking brake market size is projected to reach about 3 billion by 2034. The region is a major automotive manufacturing hub, with numerous global and local car manufacturers integrating EPBs to meet rising safety and convenience standards. Rapid urbanization and increasing disposable incomes drive high vehicle sales and demand for advanced features in countries like China and India. Supportive government policies and incentives for automotive technology advancements boost market growth.
 

The region's focus on reducing vehicle weight and enhancing fuel efficiency aligns with EPB benefits. Competitive manufacturing costs and established supply chains reinforce the region's dominance. Technological advancements and local production capabilities enable quick adaptation and widespread adoption of EPB systems.
 

The North American electric parking brake market is characterized by a strong focus on safety and convenience features in vehicles. The region's automotive industry is driven by stringent safety regulations and consumer preferences for advanced braking systems. High adoption rates of EPBs are supported by robust automotive manufacturing and a shift towards more automated driving solutions. Key players in the market are investing in innovation and technology to meet evolving demands. The growing popularity of electric and hybrid vehicles is boosting the EPB market. The competitive landscape includes a mix of domestic and international manufacturers.
 

In Europe, the market is driven by stringent safety and environmental regulations, which push for advanced braking technologies. The region has a high rate of adoption due to its focus on vehicle efficiency and reducing emissions. European car manufacturers are integrating EPBs to comply with safety standards and enhance vehicle performance. The market is influenced by a strong presence of OEMs and suppliers, fostering innovation and competition. The increasing demand for electric and autonomous vehicles further supports the market growth. Europe's emphasis on sustainability and technology advancement continues to shape the market dynamics.
 

Electric Parking Brake Market Share

Hyundai Mobis, Valeo, ZF Friedrichshafen, Continental, Magna International, Denso, Aisin Seiki held a significant market share of 40% in the accounted for (EPB) industry in 2024. These companies are leading players in the EPB market, driving growth through their advanced braking technologies and innovations. ZF Friedrichshafen AG is known for its high-performance EPB systems that enhance vehicle safety and control.
 

Continental AG offers cutting-edge EPB solutions with a focus on efficiency and integration with other vehicle systems. Aisin Seiki provides advanced EPB technologies that support the latest trends in vehicle automation and electrification. Their contributions to the market are pivotal in advancing automotive safety and performance.
 

Electric Parking Brake Market Companies

Major players operating in the electric parking brake industry are:

• Aisin Seiki
• Autoliv
• BorgWarner
• Brembo
• Continental
• Hyundai Mobis
• Knorr-Bremse
• Robert Bosch
• Valeo
• ZF Friedrichshafen
   

Electric Parking Brake Industry News

• In November 2023, ADVICS revealed plans to broaden its product line with new Electric Parking Brake (EPB) actuator kits, designed for straightforward installation and automatic brake engagement. These kits feature original equipment (OE) parts from Japan along with necessary installation hardware. The new parts, identified by part numbers ACR001 and ACR002, are compatible with over eight million vehicles currently in use. This announcement was made at the 2023 Automotive Aftermarket Parts Expo (AAPEX) in Las Vegas. Distribution will be managed by ADVICS and AISIN World Corp. of America, with the new products already available in stock.
   
• In May 2023, Continental introduced the MK 120 ESC brake system for electronic stability control and parking in China, marking its inaugural global production. This state-of-the-art system boasts improved efficiency, lighter weight, and a compact design, which enhances energy savings and vehicle range. It also includes cybersecurity measures and over-the-air (OTA) capabilities. Initially manufactured in Shanghai, Continental intends to extend production to Europe, Japan, and India. The MK 120 ESC is aligned with contemporary trends such as electrification and automated driving, and it adheres to stringent international safety and security standards.
   

The electric parking brake (EPB) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and volume (units) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Type

• Cable-pull system
• Caliper integrated system

Market, By Component

• Electronic Control Unit (ECU)
• Actuator
• Switch
• Others

Market, By Vehicle

• Passenger vehicles
  • Hatchback
  • Sedan
  • SUV
• Commercial vehicles
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

Market, By Sales Channel

• OEM
• Aftermarket

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa