"Market Intelligence for High-Geared Performance"

Electric Parking Brake Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By System (Cable-Pull System and Electric-Hydraulic Caliper system), By Sales Channel (OEM and Aftermarket), and by Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108018 | Status : Ongoing



The Electric Parking Brake or EPB system is used in modern vehicles. Unlike traditional parking brakes, which use the mechanical lever and actuator to pedal down the brake's shoe pads, the EPB system uses electric motors or actuators to apply and release the brake. They are activated by a switch or button located on central consoles or dashboard

The primary advantage of electric parking systems is their convenience and ease of user access. Because they are electronically operated, they require less effort and are particularly helpful in vehicles with automatic transmissions. Additionally, the EPB system can be integrated with various systems like hill start assist and cruise control to enhance the safety and experience of the user.

BOSCH announced in 2021 that it developed a new EPB system called "iBooster" that integrates braking and hydraulic systems in electric and hybrid vehicles.

The electric parking brake system is becoming increasingly popular due to its convenience, safety, and integration capabilities. However, they can be more expensive to repair or replace than traditional parking brake systems and may require specialized diagnostic equipment and tools to service. But as technology rapidly increases their service time, cost and effort will be reduced significantly.

Impact of COVID-19 on the Electric Parking Brake Market

COVID-19 had a significant impact on the automotive, and the electric parking brake market was also affected by it; the disruption in the supply chain and decreased demand for vehicles was the critical point. Many countries worldwide implemented strict sanctions and lockdowns on the movement of components and goods, disrupting the market logistics. People staying at home and using fewer passenger vehicles also led to a decrease in demand for sales service of these systems.

Post COVID-19 increased demand for safety and comfort features in vehicles as consumers prioritize health and well-being in their purchasing decisions. EPB systems are a key feature that can enhance the overall driving experience and reduce the risk of accidents and injuries.

Another impact of the EPB market has been the acceleration of vehicle electrification and automation trends, as consumers and governments seek to reduce carbon emissions and improve mobility efficiency. EPB systems are essential to electric and hybrid vehicles as they enable regenerative braking and provide additional safety features, automatic hill-hold, and release.

Key Insights

The report will cover the following key insights:

  • Key Industry Developments – Mergers, Acquisitions, and Partnerships.

  • Porter's Five Forces Analysis.

  • Technological Developments.

  • Impact of COVID-19 on the Electric Parking Brake Market.

Analysis by Vehicles 

Passenger cars are the largest and most produced market segment of the electric parking brake System, making up a significant portion of the vehicle on the road. The growing demand for cars in emerging countries and economic emergence in coming years will lead to the growth of manufacturers of electric parking brakes. This can be advanced safety and comfort features in passenger cars as they provide better control and convenience for the drivers, especially in congested urban areas. Additionally, the growing popularity of compact cars and sedans equipped with brake systems is expected to drive growth in this segment.

Analysis by Sales Channel 

The electric parking brake system market can be analyzed based on OEM and aftermarket. OEM brake systems are installed during the production and assembly of the vehicle; these systems are produced by critical players in the market and supplied to automotive manufacturers for direct installation. Suppliers with long-term contracts with manufacturers dominate the OEM market; this segment is highly competitive and requires a high level of technical expertise for manufacturing.

Overall, the OEM segment of the market tends to be larger than the aftermarket, as most vehicles are sold with OEM fittings. However, the market will rise rapidly, and the aftermarket segment will grow with it in the coming years due to the increasing age of vehicles on the road and the demand for required aftermarket parts.

Analysis by Region 

To gain extensive insights into the market, Request for Customization

The Asia Pacific region is expected to be the largest market segment due to the growing demand for vehicles in countries such as China and India, which have the largest population and a growing middle-class sector. This region is also home to major OEM manufacturers and suppliers, which drive OEM electric parking brake system growth. Also rise in E.V. and Hybrids will be a factor in the development of this region.

Key Players Covered

ZF Friedrichshafen AG (Germany), Continental AG (Germany), Wabco Holdings Inc. (U.S.), Knorr-Bremese AG (Germany), Aisin Seiki Co., ltd. (Japan), Kuster Holding GmbH (Germany), Hyundai Mobis Co., Ltd. (Korea), Mando Corporation (Korea), TBK Co., Ltd. (Japan), BOSCH GmbH (Germany), Tata Motors Ltd. (India), Mahindra and Mahindra Ltd. (India), Eicher Motors Ltd. (India).


By Vehicles

By Sales Channel

By System

By Region

  • Passenger Vehicles.

  • Commercial Vehicle.

  • OEM.

  • Aftermarket

  • Cable-Pull System

  • Electric-Hydraulic Caliper system

  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, and the Rest of Europe)

  • Asia Pacific (India, China, Japan)

  • Middle East and Latin America

Key Industry Developments

  • In 2021, BOSCH announced that it developed a new EPB system called "iBooster" that integrates braking and hydraulic systems in electric and hybrid vehicles.

  • In Aug 2021, Z.F. Friedrichshafen AG announced that it developed a new EPB system that offers improved safety and convenience features for electric and hybrid vehicles. The new system integrates with cars, such as regenerative braking and electric motor control, for better energy efficiency.

  •  In July 2021, Hyundai Mobis announced the development of a new EPB with a unique patented actuator mechanism that reduces vehicle noise and vibrations for smoother and more precise braking performance.

  • In May 2021, Knorr-Bremese AG announced that it acquired a majority stake in Kiepe Electric. The acquisition is expected to strengthen Knorr-Bremese's position in the EPB market and enhance its capabilities in integrated system development for electric and hybrid vehicles.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.