Global Electric Parking Brake Market 2024-2030
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Global Electric Parking Brake Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

ELECTRIC PARKING BRAKE MARKET

 

KEY FINDINGS

  1. In the Chinese market,1,825 vehicle models are on sale as of March 2020, and 41 out of the top 50 best-selling vehicles either get an Electric Parking brake(EPB) as standard or at least as an option 
  2. In the US Market, 484 vehicle models are on sale, and 26 out of the top 30 best-selling vehicles either get EPB as standard or at least as an option
  3. In the European market, 560 vehicle models are on sale. A, B&C segment vehicles comprised ~48% of annual sales in 2019. EPB penetration was lowest in A-segment vehicles
  4. Global auto production peaked in 2016-2017 and has been declining ever since Coronavirus(COVID-19) could further de-grow production volumes in 2020 but the EPB market will remain relatively insulated

 

INTRODUCTION

The electric parking brake is one of those features which has trickled down from higher segment cars to mass segment and can now be considered a bare minimum requirement across mid and high-end segments globally.BMW was the first OEM to offer electric parking brakes in its 2002 Model 7 Series, quickly followed by Volvo in 2006 and Audi in 2007. 

 

infographic: Electric Parking Brake Market, Electric Parking Brakes Market size, Electric Parking Brakes Market share, Electric Parking Brakes Market value, Electric Parking Brakes Market Forecast

Among the mass segment manufacturers, GM has been using electric parking brakes on select models since 2009, PSA and VW since 2008, Mazda Since 2015 and Ford Since 2009.

 

To learn more aboutthe Global Automotive Brakes Market, read our report

 

ELECTRIC PARKING BRAKEMARKET DYNAMICS

 

SI NoTimelineCompanyUpdates
1November 2021ZF ZF UK has inaugurated the opening of a state-of-the-art engineering technical centre located in the West Midlands.
2October 2021SKFSKF has partnered with Nornickel to improve the reliability and productivity in Harjavalta.
3August 2021AURAAURA has partnered with ALMAC to manufacture automotive-grade aluminium extrusions and components.
4July 2021Hitachi AstemoHitachi Astemo and Light Clarity have been partnered to enable autonomous vehicles and advanced driver assist system(ADAS) solutions.
5March 2021ContinentalContinental Engineering Services is expanding with the opening of three new locations: England, Germany and Italy.

 

The electric parking brake market was earlier driven by weight savings (which can range from 10lbs in compact cars to 20lbs in pickup trucks), cockpit enhancement and now vehicle electrification.

 

In terms of interior space, the absence of a lever frees up space, which can be used to accommodate a bigger storage space or semi-autonomous feature in future, especially when vehicle refresh/new generation launch timelines have been declining globally.

 

infographic: Electric Parking Brake Market, Electric Parking Brake Market Size, Electric Parking Brake Market Trends, Electric Parking Brake Market Forecast, Electric Parking Brake Market Risks, Electric Parking Brake Market Report, Electric Parking Brake Market Share

 

A major issue plaguing the electric parking brake market globally is the amount of recalls issued in the past 2-3 years owing to faulty gear, circuit board and software. The issues are particularly pronounced in the MY 2015-2016 manufactured vehicles affecting 5 or more platforms and ~ 0.8 Million vehicles.

 

ELECTRIC PARKING BRAKE MARKET RECALLS IN THE PAST FEW YEARS

 

Sl noTimelineRegionOEM(MY)ModelReason for recallNumber of vehicles affected
1Oct 2018-April-2019Australia, USSubaru(2010-2014) Liberty, Outbackfracture in the electronic parking brake circuit board~67,000
2May-2018MalaysiaToyotaAlphard and VellfireImproper programming of the ECU~1,900
3Nov-2017US & AustraliaToyota(2018) CHRSoftware issue~34,000
4July 2017UKVolkswagen(2016)Golf, Touran, Tiguan and PassatSoftware issue~135,000
5April-2017USTesla(2016) Model S and XA small gear in the parking brake~53,000
6Oct 2016GlobalToyota(2015-2016)
Prius Gasoline- Hybrid
Faulty actuator~340,000
7Oct 2016Japan, North AmericaHonda(2016)Honda CivicSoftware issue~350,000

 

ELECTRIC PARKING BRAKEMARKET SEGMENTATION

 

Global Electric Parking Brake Market segmentation, global electric parking brake market, electric parking brake market share,electronic parking brake market

 

US ELECTRIC PARKING BRAKE MARKET

 

  • Among top-selling pickup trucks, the Electric parking brake is now standard on the Ford F-150 and RAM 1500 but not on the Chevrolet Silverado
  • Honda offers Electric Parking Brake as standard fitment on its best-sellers, Accord, Civic and CRV
  • In the Premium segment, the German trio (Mercedes-Benz, Audi and BMW) sell ~0.9-1 Million cars per annum in the US and all have them have Electric Parking Brake as standard

 

EUROPE ELECTRIC PARKING BRAKE MARKET

 

  • As of March 2020, among the top 10 best-sellers, Ford Focus, Vauxhall Corsa, Mercedes A class and Ford Kuga get Electric Parking Brake as standard
  • Volkswagen, the market leader with a 12% market share offers Electric parking brakes as standard on top-selling models like Passat, T-Roc, Tiguan but except Golf and Polo

 

 

infographic: Electric Parking Brake Market report, Electric parking brake market size, Electric parking brake market trends

 

ELECTRIC PARKING BRAKEMARKET SIZE AND FORECAST

In the US and China, where average transaction prices of new cars were ~$34,500,000 and $21,700 respectively in 2019, 7 out of the top 10 best-selling SUVs have Electric parking brakes as a standard fitment across all variants.

 

In China, the market leader of SUVs, Great Wall Motors-owned Haval offers Electric parking brakes as a standard fitment on its best-sellers H2 and H6.

 

As of March 2020, China has now overtaken Europe as the world`s biggest Electric Parking brake market.

 

infographic: Electric Parking Brake Market, Electric Parking Brakes Market size, Electric Parking Brakes Market share, Electric Parking Brakes Market value, Electric Parking Brakes Market Forecast

 

Among the fast-growing EV segment, mass-segment EVs like Nissan Leaf and Renault ZOE offer electric parking brakes as optional, whereas Chevrolet Bolt and upcoming Corsa-e have it as a standard fitment.

 

Going forward, we expect the electric parking brake to become fully integrated into the brake system with a common cable harness and sensor powering multiple ADAS functions.

 

The market size of electric parking brake was estimated at XX M units and $YY B in 2023, growing at --% CAGR till 2030.

 

To learn more aboutthe Global Air Brake System Market, read our report

 

ELECTRIC PARKING BRAKE MARKET NEW TRENDS

Rising demand for electric parking brakes over traditional brakes as a result of a growing need for storage space is the key growth driver for the global car electric parking brakes market.

 

Other factors, including the automotive industry's rise in leading economies around the world, could boost the global automobile electric parking brakes market in the approaching years.Calliper-integrated electric parking brakes are expected to contribute the most to the whole market due to rising product demand because they use an electric motor and an ECU.Furthermore, electric parking brakes are very reliable and require less force to operate, which could fuel the global market's rise in the coming years.

 

NEW TECHNOLOGY IN ELECTRIC PARKING BRAKE MARKET

ZF launches the industry's first front Electric Park Brake, which enables fitment in smaller vehicles. Front Electric Park Brake is ideal for smaller vehicles and provides enhanced safety and comfort; the start of series production is currently taking place in Korea and China.ZF has introduced a Front Electric Park Brake, a first for the industry, expanding the applicability of Electric Park Brake (EPB) systems to a wider variety of vehicles.

 

This technology allows automakers to eliminate the traditional handbrake lever and park brake pedal from interior designs while fitting smaller vehicles with cutting-edge braking systems.The deletion of the handbrake lever in the cockpit was historically exceedingly challenging for designers of small and very small automobiles but is now standard in upper, medium, and compact class vehicles thanks to an Electric Park Brake (EPB).

 

ZF now permits the installation of this technology in smaller car classes thanks to the industry's first Front EPB being produced in series. For instance, a little switch may take the place of the manual brake lever, giving the interior more room and allowing for more interior design options. China and Korea are currently starting their first seasons of television shows.

 

Front EPB technology from ZF is a true advancement in the field. Now, even makers of tiny and extremely tiny cars can benefit from the EPB's advantages. Car drivers gain from increased comfort and safety. Improved features for tiny cars: The EPB not only has the traditional park brake function, but it also makes it easier to start up hills, for instance, with the Auto-Hold function. The stop-and-go feature of the braking system considerably improves driving comfort in city traffic or congestion.

 

Additionally, the front axle's increased static load distribution contributes to improved safety when parking the car on slick surfaces.ZF's front axle EPB requires only minor adjustments to the front axle callipers and eliminates the parts required for manual park brake operation within the rear drum- and disc brakes while combining the required electronic parts and software into an existing ESC control unit.This can help the rear manual park brake system weigh less in the vehicle. It serves as another illustration of how ZF adapts technology to the unique needs of particular vehicles and markets.

 

In this manner, we apply the electric parking brake's product advantages to various vehicle categories.ZF invented the electric park brake (EPB) technology for the rear axle and has given the world's roads more than 75 million vehicles with EPB.Hitachi Automotive launches new automated parking brakes for pickups, SUVs and LCVs.APB HD, a new heavy-duty automated parking brake from Hitachi Automotive Systems, was created specifically for pickup trucks, vans, SUVs, and light commercial vehicles (LCVs).

 

The new brake system was created by the company's Brake Business Unit in Europe and is currently being manufactured in both North America and Europe. The new brake system was first installed on new cars by several Hitachi Automotive Systems customers in September in Europe and October in North America. The Asia-Pacific area will be the first to put the brake system into production. Automated parking brakes account for more than 25% of the global parking brake market, and their popularity is growing.

 

Hitachi Automotive Systems is now the third largest producer of automated parking brakes in the globe, according to the company's market study, following its acquisition of Chassis Brakes International.The new brake system is appropriate for a wide range of pickup trucks, vans, SUVs, and light commercial vehicles with a gross vehicle weight rating of 3.5 tonnes or less. It has a significant weight advantage over alternative methods, such as electronic Drum-in-Hat, and can save 6.6 pounds (3kg) or more.

 

Schemer pointed out that Hitachi's automatic parking brakes provide automakers with a number of other benefits in addition to weight savings, including enhanced safety, durability, and autonomous driving features, such as automated valet parking (AVP). Future e-mobility noise, vibration, and harshness (NVH) regulations are also taken into account when designing Hitachi APBs.

 

One of the biggest producers of automobile braking systems in the world is Hitachi Automotive Systems Brake Business Unit.Through original equipment manufacturers and aftermarket distribution channels, it offers disc brakes, drum brakes, electro-mechanical parking brakes, and rotors specifically for passenger cars, light trucks, and two-wheeler vehicles.

 

The operations of the Hitachi Automotive Systems Brake Business Unit span Europe, Asia, South Africa, North America, and South America. More than 9,500 people work for it at production plants, engineering centres, and sales offices spread throughout 17 nations.

 

ELECTRIC PARKING BRAKE MARKET NEW DEVELOPMENTS

 

SI NoTimelineCompanyDevelopments
1October 2021ZF ZF Aftermarket has decided to expand its TRW Electric Parking Brake System Portfolio for cars and commercial vehicles.
2October 2021HyundaiThe new Hyundai Tucson SUV has been launched in India. The Tucson has a 2.0 litre turbo petrol and diesel engine and it also has an e-parking brake associated with it. 
3September 2021BYDBYD has revealed two battery-electric heavy-duty trucks, the Gen3 8TT and 6F. The trucks are equipped with an Electronic Parking Brake System.
4March 2021ZFZF Aftermarket has launched a repair kit for repairing the Electric Parking Brake.
5-ZFZF has released the Electric Parking Brake for niche vehicle segments which has a weight of 2,180 gms and a maximum clamp force of 10 kN.
6-TRWTRW has an Electric Parking Brake(EPB) for several vehicle manufacturers like Nissan, BMW, Renault and Ford.
7-ContinentalContinental has a calliper integrated Electric Parking Brakes which have a clamp force of up to 20 kN and a less power consumption.
8-ContinentalContinental has a new Simplex Brakes Electric Parking Brake IS for the use of less power consumption.

 

ELECTRIC PARKING BRAKE MARKETCOMPETITIVE LANDSCAPE

 

SI NoTimelineCompanySales
1Q3-2021Mando CorporationThe sales of Mando Corporation at the end of the third quarter were KRW 1,436 billion and in the previous year, the sales were KRW 1,501 billion.
2Q2 FY-2022AISINThe revenue of AISIN at the end of the second quarter was JPY 1,864 billion and in the previous year, the revenue was JPY 1,455 billion. 
3Q3-2021SKFAt the end of the third quarter, the sales of SKF were SEK 20.14 billion and in 2020 the sales were SEK 18.59 billion.
4Q2-2021Akebono Brake IndustryThe net sales of the Akebono Brake Industry at the end of the six months was ¥67.52 billion and in 2020 the net sales were ¥60.51 billion.
5September 2021ZFZF has completed the acquisition of WABCO to launch ABS sensors and an Electric Brake Booster for e-vehicles.
6March 2021AISINAISIN has decided to open a new base of AI development in Akihabara.

 

Continental and ZF are among the leading electric parking brake suppliers in the passenger car segment globally, supplying multiple OEMs and platforms.Suppliers like Chassis Brakes International, Hyundai Mobis and Mando have also established players and are supplying to multiple OEMs.

 

infographic: Electric Parking Brake Market, Electric Parking Brakes Market size, Electric Parking Brakes Market share, Electric Parking Brakes Market value, Electric Parking Brakes Market Forecast

 

ZF launched the world`s first front axle-mounted electric parked in March 2020. It is a comparatively low-cost product which can be fitted in A-segment vehicles, which comprise ~28% of new car sales(~4 Million units) in Europe. The commercial vehicle segment has the potential to become the next most important segment for electric parking brake suppliers presently due to low electric parking brake penetration.

 

Akebono, ZF, and TRW have already made a move in that direction by launching their compact, high-braking force electric parking brakes.The global automobile electric parking brakes market is extremely competitive, with numerous major competitors projected to account for a significant portion of the overall industry in the future.Hyundai, a leading automaker, has unveiled a new self-driving electronic steering system with features including braking and steering technology, as well as location identification, to improve driver safety.

 

THISELECTRIC PARKING BRAKE MARKETREPORT WILL ANSWER THE FOLLOWING QUESTIONS

  1. How many Electric Parking Brakes are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a Global Electric Parking Brake and key vendor selection criteria
  3. Where is the Electric Parking Brake manufactured? What is the average margin per unit?
  4. Market share of Global Electric Parking Brake market manufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture Global Electric Parking Brake in-house
  6. key predictions for the next 5 years in the Global Electric Parking Brake market
  7. Average B-2-B Electric Parking Brake market price in all segments
  8. Latest trends in the Electric Parking Brake market, by every market segment
  9. The market size (both volume and value) of the Electric Parking Brake market in 2024-2030 and every year in between?
  10. Production breakup of the Electric Parking Brake market, by suppliers and their OEM relationship

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Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix