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Electric Parking Brake (EPB) Market Share

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

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Electric Parking Brake Market Share

Electric Parking Brake Company Market Share, 2024

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

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric parking brake reached USD 3 billion in 2024 and is set to grow at a 16.8% CAGR from 2025 to 2034, driven by increasing demand for advanced safety features in vehicles.

The OEM segment held 87.6% of the market share in 2024, led by the integration of EPBs into new vehicle models as standard features, aligning with industry trends toward automation and advanced safety systems.

China's market is projected to reach approximately USD 3 billion by 2034, supported by rapid urbanization, increasing disposable incomes, and supportive government policies.

Key players in the industry include Aisin Seiki, Autoliv, BorgWarner, Brembo, Continental, Hyundai Mobis, Knorr-Bremse, Robert Bosch, Valeo, and ZF Friedrichshafen.