Electronic Parking Brake (EPB) System Market Size & Share 2025 - 2034
Market Size by System, by Vehicles, by Component, by Sales Channel, by Propulsion, Growth Forecast.
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Market Size by System, by Vehicles, by Component, by Sales Channel, by Propulsion, Growth Forecast.
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Starting at: $2,450
Base Year: 2024
Companies Profiled: 25
Tables & Figures: 170
Countries Covered: 27
Pages: 220
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Electronic Parking Brake (EPB) System Market
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Electronic Parking Brake System Market Size
The global electronic parking brake (EPB) system market size was estimated at USD 5.9 billion in 2024. The market is expected to grow from USD 6.3 billion in 2025 to USD 13.7 billion in 2034, at a CAGR of 9.1% according to latest report published by Global Market Insights Inc.
Electronic Parking Brake (EPB) System Market Key Takeaways
Market Size & Growth
Regional Dominance
Key Market Drivers
Challenges
Opportunity
Key Players
The electronic parking brake system market is advancing with the growing focus on vehicle safety, automation, and electrification. EPB systems are replacing traditional handbrakes, offering better control, space efficiency, and compatibility with advanced driver assistance systems (ADAS).
Rising regulatory mandates and demand for automated safety features are driving EPB adoption in passenger cars, SUVs, and electric vehicles. OEMs are integrating EPBs to provide auto-hold, incline detection, and electronic emergency braking for smoother braking experiences.
The electronic parking brake (EPB) system market was valued at USD 5.3 billion in 2022 and is projected to exceed USD 11 billion by 2032, driven by lightweight vehicle structures and electrification trends.
Post-pandemic, the automotive industry is focusing on intelligent braking systems for efficiency. By 2025, OEMs plan to standardize EPBs in mid-range and premium segments with integrated safety features.
Post-pandemic, energy-efficient and low-emission mobility solutions have gained traction. By 2025, car manufacturers aim to introduce EVPs compatible with brake systems, regenerative braking, and ECUs to enhance safety and performance.
Innovation in the EPB market is driven by companies like ADVICS, AISIN, Continental, Hyundai Mobis, and Mando, focusing on compact actuators, software-driven modules, and wireless systems for better efficiency and integration. For instance, in November 2023, ADVICS launched new EPB actuator kits for easier installation, now used in over eight million vehicles globally and distributed by AISIN World Corp. of America.
Europe dominates the EPB system market due to strict EU regulations, ADAS adoption, and a strong OEM network, with Germany and France leading implementation in premium and mid-range cars. For instance, In April 2025, ADVICS partnered with a German manufacturer to launch a next-gen EPB actuator with auto-hold, wireless control, and ECU integration for improved braking and automation.
Asia-Pacific is the fastest-growing EPB market, driven by electrification, rising vehicle numbers, and safety demands. For instance, in March 2025, Hyundai Mobis launched a compact EPB module in South Korea for lightweight EVs with advanced features.
Electronic Parking Brake System Market Trends
Electronic Parking Brake System Market Analysis
Based on system, electronic parking brake system market is segmented into cable-pull systems, electric-hydraulic caliper systems, caliper integrated EPB and Others. The caliper integrated EPB segment dominates the market with 48% share in 2024, and the segment is expected to grow at a CAGR of 10% from 2025 to 2034.
Based on vehicles, electronic parking brake system market is divided into passenger cars, commercial vehicles and electric vehicles. Passenger cars segment dominated the market, accounting for around 60% in 2024 and is expected to grow at a CAGR of 9.4% from 2025 to 2034.
Based on component, the electronic parking brake system market is segmented into electronic control units (ECU), actuators, sensors, switches & wiring harnesses and others. The electronic control units (ECU) segment is expected to dominate the market owing to its high reliability, compact design, and consistent performance.
Based on sales channel, the electronic parking brake system market is divided into OEM and aftermarket. OEM segment dominated the market accounting around 85% in 2024 and is expected to grow at a CAGR of 9.3% from 2025 to 2034.
Europe region dominated the electronic parking brake (EPB) system market with a market share of 35% in 2024.
The Germany electronic parking brake (EPB) system market was valued at USD 581.5 million and 614.2 million in 2021 and 2022, respectively. The market size reached USD 693 million in 2024, growing from USD 651.6 million in 2023.
Asia Pacific electronic parking brake system market accounted for USD 1.8 billion in 2024 and is anticipated to show lucrative growth of 9.2% CAGR over the forecast period.
China dominates the Asia Pacific electronic parking brake (EPB) system market, showcasing strong growth potential, with a CAGR of 9.5% from 2025 to 2034.
The North America electronic parking brake system market is anticipated to grow at a CAGR of 8.9% during the analysis timeframe.
The electronic parking brake (EPB) system market in US is expected to experience significant and promising growth from 2025 to 2034.
Brazil leads the Latin American electronic parking brake system market, exhibiting remarkable growth of 6.8% during the forecast period of 2025 to 2034.
UAE to experience substantial growth in the Middle East and Africa electronic parking brake (EPB) system market in 2024.
Electronic Parking Brake System Market Share
Electronic Parking Brake System Market Companies
Major players operating in the electronic parking brake (EPB) system industry are:
13% Market Share
Collective market share in 2024 is Collective Market Share is 42%
Electronic Parking Brake System Industry News
The electronic parking brake (EPB) system market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Mn) and volume (Units) from 2021 to 2034, for the following segments:
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Market, By System
Market, By Vehicles
Market, By Component
Market, By Sales Channel
Market, By Propulsion
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →