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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
How big is the global electric parking brake market?
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.
How significant is the OEM segment in the electric parking brake industry?
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.
Who are the major players in the electric parking brake industry?
Key players in the industry include Aisin Seiki, Autoliv, BorgWarner, Brembo, Continental, Hyundai Mobis, Knorr-Bremse, Robert Bosch, Valeo, and ZF Friedrichshafen.
What is the projected market size of China's electric parking brake market?
China's market is projected to reach approximately USD 3 billion by 2034, supported by rapid urbanization, increasing disposable incomes, and supportive government policies.