Electric Parking Brake Market Overview

Global Electric Parking Brake Market was valued at USD 9.08 billion in 2021 and is expected to reach USD 17.45 billion by the year 2028, at a CAGR of 9.77%.

An electric parking brake is a system used for the vehicle to stop on the flat ground or on the hill from moving. The less components, compact size and easy to handle as compared to the traditional mechanical brake system has an advantage for the electric brake system. Electric parking brake comprises of ECU (electronic control unit), electric switch and actuator mechanism that guarantees optimum brake power and efficiency in operation. Also, it is used in driver support functions such as hill start assist functions.

According to the analyst, the major driving factors for the Electric Parking Brake market size 2020 is expected to be USD 8250.62 million due to the strict environment regulations regarding the road and traffic safety there has been an increased adoption for the automated vehicle technology and increased demand for the for fuel efficient and other vehicles. Another factor that is driving the market is the easy-to-handle electric parking brake system and the reduced fuel cost with enhanced efficiency of the vehicle & less weight as compared to the other traditional mechanical brake system.  

By the end of 2027, the Electric Parking Brake market size is estimated to be at USD 15842.59 million. The use of ECU allows amalgamation of other electric components such as rear camera in the vehicle which further is driving the market growth for electric parking brake. Increasing demand for comfort, convenience and safety rises the demand for electric parking brake market.

The Electric Parking Brake market is segmented by Type (Cable Puller Electric Parking Brake and Caliper Integrated Electric Parking Brake), by Sales Channel (OEM, and Aftermarket), by Component (ECU, Actuator, and Switch), by Vehicle (Sedan’s, SUVs and Others). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.

Impact of COVID-19 on Electric Parking Brake Market

Due to the lockdown restrictions across the globe during the pandemic, there was a hitch in the manufacturing of the electric parking brake and the shortage of component delivery and the supplies decreased the share of the market then it was expected. Automotive and transport industry faced serious ramifications due to the corona virus. But as there is a relaxation in the lockdown restrictions, electric parking brake market has picked up the pace and electric parking brake market value are expected to increase in the forecast period.

Market Segmentation

Global Electric Parking Brake Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;

Component type Insights:

By Component type, electric parking brake market is segmented into ECU (Electronic Control Unit), Actuator, and Switch. In this segment, ECU segment is accounted for the largest segment with more than half of the market share of 54.32% and estimated to have a market size of USD 7,880.61 million in the year 2026 with the CAGR of 9.87%.

Regional Insights:

By region, electric parking brake market is segmented into North-America, Latin America, Asia-Pacific, Europe and MEA. In this segment, Europe segment is accounted for the largest segment with the market share of 36.12% and estimated to have a market size of USD 4796.60 million in the year 2026 with the CAGR of 8.77%. The electric parking brakes market in Asia-Pacific is expected to grow at a higher rate in terms of revenue of electric parking brake product types like electric-hydraulic caliper systems and cable-pull systems with the market size of USD 4607.05 million in the year 2026 and the CAGR of 10.86%. 

Players Covered in Electric Parking Brake market are :

• ZF
• Continental
• Chassis Brakes International
• Küster
• Aisin
• Mando
• Hyundai Mobis
• Zhejiang Libang Hexin
• Wuhu Bethel Automotive

Among other players domestic and global, Electric Parking Brake market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Our analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Competitive Analysis of the Electric Parking Brake Market

The approximate expected value for the Electric Parking Brake was USD 7542.73 million in 2019, and it is expected to reach USD 14394.13 million by 2026.

• Major industry brands like Audi, Jaguar, Land Rover, Lexus, Mercedes and Porsche, are producing the cars with just electric parking brake system and no longer with manual brake system.
• Automotive industry key player Aisin Seiki Co. Ltd. launched that it has merged with Leon Import, S.A. to initiate an aftermarket import and sales company located in Panama for the customers in Central, Southern and Caribbean region of America.
• The joint venture is increasing the market size of North-America especially for the increasing production of electric and automatic cars in Mexico.
• Hyundai Mobis has introduced a dual-mode electronic steering system specially made for autonomous driving, that has inbuilt safety with controlled technology such as steering and braking coupled with sensor and positioning technology.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Electric Parking Brake Market by Type
 5.1 Electric Parking Brake Market Overview Snapshot and Growth Engine
 5.2 Electric Parking Brake Market Overview
 5.3 Calliper Integrated EPB
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Calliper Integrated EPB: Grographic Segmentation
 5.4 Cable Puller EPB
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Cable Puller EPB: Grographic Segmentation

Chapter 6: Electric Parking Brake Market by Application
 6.1 Electric Parking Brake Market Overview Snapshot and Growth Engine
 6.2 Electric Parking Brake Market Overview
 6.3 Sedans
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Sedans: Grographic Segmentation
 6.4 SUVs
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 SUVs: Grographic Segmentation
 6.5 Others
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Electric Parking Brake Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Electric Parking Brake Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Electric Parking Brake Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 ZF
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 CONTINENTAL
 7.4 CHASSIS BRAKES INTERNATIONAL
 7.5 KÜSTER
 7.6 AISIN
 7.7 MANDO
 7.8 HYUNDAI MOBIS
 7.9 ZHEJIANG LIBANG HEXIN
 7.10 WUHU BETHEL AUTOMOTIVE
 7.11 OTHER MAJOR PLAYERS

Chapter 8: Global Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Calliper Integrated EPB
  8.2.2 Cable Puller EPB
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Sedans
  8.3.2 SUVs
  8.3.3 Others

Chapter 9: North America Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Calliper Integrated EPB
  9.4.2 Cable Puller EPB
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Sedans
  9.5.2 SUVs
  9.5.3 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Calliper Integrated EPB
  10.4.2 Cable Puller EPB
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Sedans
  10.5.2 SUVs
  10.5.3 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Calliper Integrated EPB
  11.4.2 Cable Puller EPB
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Sedans
  11.5.2 SUVs
  11.5.3 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Calliper Integrated EPB
  12.4.2 Cable Puller EPB
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Sedans
  12.5.2 SUVs
  12.5.3 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Electric Parking Brake Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Calliper Integrated EPB
  13.4.2 Cable Puller EPB
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Sedans
  13.5.2 SUVs
  13.5.3 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC PARKING BRAKE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC PARKING BRAKE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC PARKING BRAKE MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC PARKING BRAKE MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC PARKING BRAKE MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC PARKING BRAKE MARKET BY TYPE
TABLE 008. CALLIPER INTEGRATED EPB MARKET OVERVIEW (2016-2028)
TABLE 009. CABLE PULLER EPB MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC PARKING BRAKE MARKET BY APPLICATION
TABLE 011. SEDANS MARKET OVERVIEW (2016-2028)
TABLE 012. SUVS MARKET OVERVIEW (2016-2028)
TABLE 013. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA ELECTRIC PARKING BRAKE MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA ELECTRIC PARKING BRAKE MARKET, BY APPLICATION (2016-2028)
TABLE 016. N ELECTRIC PARKING BRAKE MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE ELECTRIC PARKING BRAKE MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE ELECTRIC PARKING BRAKE MARKET, BY APPLICATION (2016-2028)
TABLE 019. ELECTRIC PARKING BRAKE MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC ELECTRIC PARKING BRAKE MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC ELECTRIC PARKING BRAKE MARKET, BY APPLICATION (2016-2028)
TABLE 022. ELECTRIC PARKING BRAKE MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA ELECTRIC PARKING BRAKE MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA ELECTRIC PARKING BRAKE MARKET, BY APPLICATION (2016-2028)
TABLE 025. ELECTRIC PARKING BRAKE MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA ELECTRIC PARKING BRAKE MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA ELECTRIC PARKING BRAKE MARKET, BY APPLICATION (2016-2028)
TABLE 028. ELECTRIC PARKING BRAKE MARKET, BY COUNTRY (2016-2028)
TABLE 029. ZF: SNAPSHOT
TABLE 030. ZF: BUSINESS PERFORMANCE
TABLE 031. ZF: PRODUCT PORTFOLIO
TABLE 032. ZF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. CONTINENTAL: SNAPSHOT
TABLE 033. CONTINENTAL: BUSINESS PERFORMANCE
TABLE 034. CONTINENTAL: PRODUCT PORTFOLIO
TABLE 035. CONTINENTAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. CHASSIS BRAKES INTERNATIONAL: SNAPSHOT
TABLE 036. CHASSIS BRAKES INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 037. CHASSIS BRAKES INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 038. CHASSIS BRAKES INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. KÜSTER: SNAPSHOT
TABLE 039. KÜSTER: BUSINESS PERFORMANCE
TABLE 040. KÜSTER: PRODUCT PORTFOLIO
TABLE 041. KÜSTER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. AISIN: SNAPSHOT
TABLE 042. AISIN: BUSINESS PERFORMANCE
TABLE 043. AISIN: PRODUCT PORTFOLIO
TABLE 044. AISIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. MANDO: SNAPSHOT
TABLE 045. MANDO: BUSINESS PERFORMANCE
TABLE 046. MANDO: PRODUCT PORTFOLIO
TABLE 047. MANDO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. HYUNDAI MOBIS: SNAPSHOT
TABLE 048. HYUNDAI MOBIS: BUSINESS PERFORMANCE
TABLE 049. HYUNDAI MOBIS: PRODUCT PORTFOLIO
TABLE 050. HYUNDAI MOBIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ZHEJIANG LIBANG HEXIN: SNAPSHOT
TABLE 051. ZHEJIANG LIBANG HEXIN: BUSINESS PERFORMANCE
TABLE 052. ZHEJIANG LIBANG HEXIN: PRODUCT PORTFOLIO
TABLE 053. ZHEJIANG LIBANG HEXIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. WUHU BETHEL AUTOMOTIVE: SNAPSHOT
TABLE 054. WUHU BETHEL AUTOMOTIVE: BUSINESS PERFORMANCE
TABLE 055. WUHU BETHEL AUTOMOTIVE: PRODUCT PORTFOLIO
TABLE 056. WUHU BETHEL AUTOMOTIVE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 057. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 058. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 059. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC PARKING BRAKE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC PARKING BRAKE MARKET OVERVIEW BY TYPE
FIGURE 012. CALLIPER INTEGRATED EPB MARKET OVERVIEW (2016-2028)
FIGURE 013. CABLE PULLER EPB MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC PARKING BRAKE MARKET OVERVIEW BY APPLICATION
FIGURE 015. SEDANS MARKET OVERVIEW (2016-2028)
FIGURE 016. SUVS MARKET OVERVIEW (2016-2028)
FIGURE 017. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA ELECTRIC PARKING BRAKE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE ELECTRIC PARKING BRAKE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC ELECTRIC PARKING BRAKE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA ELECTRIC PARKING BRAKE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA ELECTRIC PARKING BRAKE MARKET OVERVIEW BY COUNTRY (2016-2028)