Electric Parking Brake Market Size, Share, Revenue, Worth, Statistics, Segmentation, Outlook, Overview

Electric Parking Brake Market size was valued at USD 1.78 Bn. in 2021 and the total Electric Parking Brake revenue is expected to grow at a CAGR of 12.0% from 2022 to 2029, reaching nearly USD 4.41 Bn.

Electric Parking Brake Market Report Overview

The report provides a detailed analysis of the Electric Parking Brake industry, including market dynamics, regional insights, and market overview. Several tools were used to collect accurate data for the Electric Parking Brake market report.

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Electric Parking Brake Market Segmentation

In 2021, the electric parking brake market was dominated by the Electric-hydraulic Caliper Systems segment, which had the highest share of around 78% based on System Type. At the conclusion of the projection period, the category is anticipated to continue to dominate with the greatest growth rate, around 11.8%. The comfortable and safe driving environment as well as increased vehicle and driver safety are credited with accounting for the lion's share of the market.

by Vehicle Type

1. Passenger Vehicle
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle


by System Type

1. Cable Pull System
2. Electric-hydraulic Caliper Systems


by Component

1. CaliperIntegrated System
2. Electronic Control Unit
3. Sensors
4. Actuators

Electric Parking Brake Key Players

1. Hyundai Mobis 2. SKF Group 3. Aisin Seiki Co., Ltd. 4. Akebono Brake Industry Co., Ltd. 5. Hitachi, Ltd. 6. Toshiba Corporation 7. Brembo S.p.A. 8. Robert Bosch GmbH 9. Sanken Electric Co., Ltd. 10. ZF Friedrichshafen AG 11. Shougang Group Co., Ltd. 12. HELLA GmbH & Co. KGaA 13. Dura Automotive Systems 14. TRW Inc. 15. KUSTER Holding GmbH 16. Continental AG 17. DURA Automotive Systems 18. Aisin Corporation 19. Mando Corporation 20. AB SKF 21. Hyundai Mobis 22. Wuhu Bethel 23. APG 24. Zhejiang Wanchao 25. Mando

Electric Parking Brake Market Report Scope and Research Methodology

The report provides a clear and comprehensive analysis of the Electric Parking Brake market. It includes a competitive analysis of the Electric Parking Brake key players by type, growth strategies, financial position, and regional presence. The report also provides a detailed analysis of the drivers, restraints, opportunities, and challenges facing the Electric Parking Brake market.

The report includes a list of the major players in the Electric Parking Brake industry, along with their historical data from 2017 to 2021. This data is used to forecast the potential of the Electric Parking Brake market from 2023 to 2029. The report also provides a segment-wise and region-wise analysis of the market dynamics, market size, and share. This makes the Electric Parking Brake market report an essential guide for investors.

The bottom-up approach was used to estimate the regional and global Electric Parking Brake market size. SWOT analysis was used to present the strengths, weaknesses, opportunities, and threats of the Electric Parking Brake key competitors in the industry. PORTER and PESTEL analysis were used to understand the potential impact of micro-economic factors on the Electric Parking Brake market.

Electric Parking Brake Market Regional Insights

The report includes detailed analysis of the market in each region:

  1. North America
  2. Europe 
  3. Asia Pacific
  4. South America
  5. Middle East and Africa

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Key Questions answered in the Electric Parking Brake Market Report are: 

  • What was the Electric Parking Brake Market size in 2022?
  • What is the expected Electric Parking Brake Market size by the end of the forecast period?
  • What is the expected CAGR of the Electric Parking Brake Market during the forecast period?
  • What are the Electric Parking Brake Market segments?
  • Which Electric Parking Brake Market segment is expected to grow at a high rate during the forecast?
  • What are the major challenges that the Electric Parking Brake Market could face in the future? 
  • What are the upcoming industry trends for the Electric Parking Brake Market?
  • What are the factors contributing to the final price of Electric Parking Brake?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Electric Parking Brake Market? 
  • What growth strategies are the players considering to increase their presence in Electric Parking Brake?
  • Who are the leading companies and what are their portfolios in Electric Parking Brake Market? 
  • Who held the largest Electric Parking Brake share in 2022? 
  • Which regional Electric Parking Brake market is expected to grow at a high rate in future?

Key Offerings:

  • A Detailed Analysis of the Market Overview
  • Market Share and Size 
  • Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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