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Electric Parking Brake Market Share

Report ID: GMI11497
Published Date: Sep 2024
Report Format: PDF

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Electric Parking Brake Market Share

ZF Friedrichshafen AG, Continental AG, and Aisin Seiki Co., Ltd. held a significant market share of over 46% in the Electric Parking Brake (EPB) market in 2023. 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 Co., Ltd. provides advanced EPB technologies that support the latest trends in vehicle automation and electrification. Their contributions to the EPB 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 Co., Ltd.
Continental AG
Denso Corporation
Hyundai Mobis
Magna International Inc.
Robert Bosch GmbH
Valeo SA
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for electric parking brake was valued at USD 2.6 billion in 2023 and is projected to grow at a CAGR of over 16.8% between 2024 and 2032, driven by the increasing demand for advanced safety features in vehicles.

In 2023, the passenger vehicles segment accounted for over 84% of the market share and is expected to exceed USD 8 billion by 2032, due to the widespread adoption of advanced safety and convenience features in these vehicles.

In 2023, Asia Pacific region accounted for a market share of over 31% and is expected to exceed USD 3.5 billion by 2032, due to rapid urbanization and increasing disposable incomes that drive high vehicle sales and demand for advanced features in countries like China and India.

Aisin Seiki Co., Ltd., Continental AG, Denso Corporation, Hyundai Mobis, Magna International Inc., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG among others.