Electric Parking Brake Market Research Report - Global Industry Forecast to 2027

Electric Parking Brake Market By Type (Electric-Hydraulic Caliper System, Cable-Pull System), Sales Channel (OEM, Aftermarket), Component (ECU, Actuator, Switch), Vehicle Type (PC, LCV, HCV) and Region - Global Industry Forecast to 2027

ID: MRFR/AM/5459-HCR | February 2021 | Region: Global | 100 pages

Electric Parking Brake Market Overview


According to the latest research report, the global electric parking brake market size is expected to witness magnificent growth during the forecast period.


In automobiles, an electronic parking brake is used to stop or hold the vehicle on flat terrain or steep roads. The major advantage of utilizing an electronic parking brake is that it has fewer components, is smaller in size, and weighs less than a typical mechanical brake system. Electric parking brakes employ an electronic control unit (ECU), an actuator mechanism, and an electric switch to provide maximum braking power and efficiency. It is also utilized in driver assistance tasks such as hill start assist.


In automobiles, an electronic parking brake is used to stop or hold the vehicle on flat terrain or steep roads. The major advantage of utilizing an electronic parking brake is that it has fewer components, is smaller in size, and weighs less than a typical mechanical brake system. Electric parking brakes employ an electronic control unit (ECU), an actuator mechanism, and an electric switch to provide maximum braking power and efficiency. It is also utilized in driver assistance tasks such as hill start assist. The use of an electronic control unit (ECU) enables the integration of additional electric components in the car, such as a back camera, which boosts the expansion of the electric parking brake industry. The growing need for safety, comfort, and convenience drives up the demand for the electric parking brake sector. However, the expensive cost of electronic parking brakes and a shortage of qualified technical personnel are impeding market expansion.


This report contains all the information on the global electric parking brake market value and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global electric parking brake market forecast for 2027 is also included in the report.


Covid 19 Analysis


COVID-19 has had a fast impact on automobile sales, stifling the expansion of the electric park brake (EPB) sector. Because of the tremendous expansion of the car industry, the market was projected to increase significantly. The market, however, is projected to shrink in the foreseeable future as a result of COVID-19. In the automobile industry, sales are extremely important, and companies are experiencing slower output owing to the lockout and low demand. The top firms' sales are projected to decline as a result of this. The recession is expected to reduce total sales and income in the COVID-19 scenario due to a lack of demand. COVID-19 resulted in the closure of all companies. This also lowered people's disposable money, resulting in a fall in demand for automobiles.


Competitive landscape


Hyundai Mobis has created a dual-mode electronic steering system designed for self-driving, complete with safe control technology such as steering and braking, as well as sensor and location technology. Such technological developments have not only provided profitable possibilities for major businesses to incorporate into their automotive operations, but they have also set the market climate for increasing competition in the next years to meet the expectations of domestic and commercial consumers.


Major Key Players



  •         Aisin Seiki Co., Ltd. (Japan)

  •         Continental AG (Germany)

  •         DURA Automotive Systems (US)

  •         TBK Co., Ltd. (Tokyo)

  •         Hyundai Mobis Co., Ltd. (South Korea)

  •         Küster Holding GmbH (Germany)

  •         Mando-Hella Electronics Corp. (South Korea)

  •         Svenska Kullagerfabriken AB (Sweden)

  •         ZF Friedrichshafen AG (Germany)

  •         Wuhu Bethel Automotive Safety Systems Co., Ltd (China)

  •         Zhejiang Wanchao Electric Appliance Co., Ltd. (China)


Market Dynamic



  •         Drivers


Stringent government rules surrounding road safety, rising acceptance of automated vehicle technology, an increase in demand for driver assistance systems, and an increase in demand for fuel-efficient vehicles are the key drivers driving the growth of the electric parking brake market growth.


The major factor driving market demand is the increasing use of electric parking brakes in cars due to lower weight and simplicity of use as compared to mechanically operated brakes, which ultimately improve fuel efficiency and reduces carbon emissions.



  •         Opportunities


The use of an electronic control unit (ECU) in conjunction with the integration of other electrical components such as a rear camera in the vehicle provides optimum safety to the driver and passenger, contributing to the expansion of the electric parking brake market.



  •         Restraints               


The market for electronic parking brakes is growing due to the rising demand for safety, luxury, and convenience. However, the expensive cost of electronic parking brakes and a shortage of qualified expert staff to assess or install the system are likely to stymie market expansion.



  •         Challenges


Electric Parking Brake is now available in premium and high-class automobiles. Electric parking brakes are more expensive than traditional hand brake systems. This can be considered as a major challenge for the electric parking brake market outlook.


Cumulative Growth Analysis


Manufacturers of electric parking brakes are cooperating with car manufacturers to create EPB (Electric Parking Brake) systems. EPB will benefit from a low-cost solution as a result of this. Continental is working on an idea for an electric parking brake for internal expanding drum brakes. These brakes are specifically intended for low-cost, small cars. Continental intends to combine a drum brake and a parking brake system with an Electric Parking Brake system. This enables parking brake actuation through a push-button. Taking India and China into account, there is a growth in demand for improved safety gadgets, which is likely to boost the electric parking brake market share.


Value Chain Analysis


According to the reports, the electric parking brake system market is divided into four segments: type, sales channel, components, and vehicle type. The market has been divided into two types: electric-hydraulic calliper systems and cable-pull systems. The market has been divided into two segments based on sales channel: OEM and aftermarket. The market has been divided into three components: electronic control unit (ECU), actuator, and switch. The market has been divided into three segments based on vehicle type: passenger cars, light commercial vehicles, and heavy commercial vehicles.


Segmentation Overview


The market is segmented on the basis of type, sales channel, components, vehicle type, and regions. The global electric parking brake system market trend is expected to witness decent growth during the forecast period.


By Application


Based on the application, the market is segmented into electronic control unit (ECU), actuator, and switch.


By end-users


Based on the propulsion types, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.


Regional Analysis


According to the reports, The market is divided into four regions: North America, Asia-Pacific, Europe, and the Rest of the World. Because of the increased use of electronic parking brakes in automobiles, North America is likely to dominate the market in the future. In addition, there is a rising number of auto accessory production businesses in Mexico that provide the automobile electronic parking brake industry. The increase in car sales in the United States will result in the expansion of the electric parking brake market in the future.


Report Overview


The following report comprises of –



  •         Market overview 

  •         Covid 19 Analysis

  •         Market Dynamic

  •         Drivers

  •         Opportunities

  •         Restraints 

  •         Challenges

  •         Cumulative Growth Analysis

  •         Value Chain Analysis

  •         Segmentation Overview 

  •         By Application 

  •         By End-Users

  •         Regional Analysis

  •         Competitive landscape


Recent Developments



  •         BMW has revealed that the M8 and M8 Competition models will include brake-by-wire technology, which lowers weight by two kilos and utilises a vacuum-free brake booster to improve the car's overall economy.

  •         A self-driving electronic steering system has been developed by Hyundai Mobis, complete with steering and braking technology, as well as sensor and location technology, to ensure driver safety. They have also created a market atmosphere for more competition in the coming years to fulfill the demands of both home and commercial consumers.


Electric parking brake Market, By Vehicle Type



  • Passenger Vehicle

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle


Electric parking brake Market, By System type



  • Cable Pull System

  • Electric-hydraulic Caliper Systems


Electric parking brake Market, by Region



  • Asia Pacific

  • North America

  • Europe

  • South America

  • Middle East & Africa



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Sales Channel, Component, Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), DURA Automotive Systems (US), TBK Co., Ltd. (Tokyo), Hyundai Mobis Co., Ltd. (South Korea), Küster Holding GmbH (Germany), and Mando-Hella Electronics Corp. (South Korea), Svenska Kullagerfabriken AB (Sweden), ZF Friedrichshafen AG (Germany), Wuhu Bethel Automotive Safety Systems Co., Ltd (China), Zhejiang Wanchao Electric Appliance Co., Ltd. (China)
  Key Market Opportunities   Increasing demand for safety, comfort, convenience
  Key Market Drivers

  • stringent environment regulations regarding road safety
  • increasing adoption of automated vehicle technology
  • increasing demand for driver assisted systems
  • increasing demand for fuel efficient vehicles


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    Frequently Asked Questions (FAQ) :


    The global electric parking brake market is expected to exhibit 7% CAGR from 2019 to 2026

    Production of electric vehicles, regulations pertaining to road safety and emissions, and adoption of autonomous vehicle technology are encouraging the growth of the global electric parking brake market.

    High costs of parking brakes and lack of skilled personnel can restrain the global electric parking brake market growth.

    North America can lead in the global electric parking brake market till 2023.

    Wuhu Bethel Automotive Safety Systems Co., Ltd, Svenska Kullagerfabriken AB, Zhejiang Wanchao Electric Appliance Co., Ltd., DURA Automotive Systems, Küster Holding GmbH, ZF Friedrichshafen AG, TBK Co., Ltd., Continental AG, Aisin Seiki Co., Ltd., Mando-Hella Electronics Corp., and Hyundai Mobis Co., Ltd. are key players in the global electric parking brake market.