Electric Parking Brake Market Size, Share, Growth, and Industry Analysis, By Types (Cable-pull Systems, Electric-hydraulic Caliper Systems), By Applications (Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars), Regional Insights and Forecast to 2033

Electric Parking Brake Market Size

The Global Electric Parking Brake Market size stood at USD 4.63 billion in 2024 and is projected to reach USD 5.36 billion in 2025, ultimately expanding to USD 17.35 billion by 2033. This anticipated growth represents a CAGR of 15.83% during the forecast period from 2025 to 2033. The increasing shift toward vehicle electrification, enhanced braking automation, and rising demand for compact and intelligent brake modules are key factors driving this expansion. With over 58% of passenger cars now integrating electric parking brake systems, the market is moving rapidly towards full digital transformation in brake technology.

In the U.S. Electric Parking Brake Market, adoption is being driven by rising preference for safety features and integration with advanced driver assistance systems. More than 46% of luxury vehicles in the U.S. are equipped with electric parking brakes, while 38% of newly registered EVs now feature digital braking systems. With regulatory support increasing and consumer demand for automation surging, over 41% of new car models in the region include these systems as standard components.

Key Findings

• Market Size: Valued at $4.63Bn in 2024, projected to touch $5.36Bn in 2025 to $17.35Bn by 2033 at a CAGR of 15.83%.
• Growth Drivers: 58% integration in new vehicles, 46% demand in luxury cars, 39% OEM preference, 41% automation push, 36% software upgrades.
• Trends: 52% of launches focus on lightweight actuators, 47% use software-driven brakes, 44% smart integration, 38% wireless control, 36% AI modules.
• Key Players: TRW, AISIN, Mando, Hyundai Mobis, Continental & more.
• Regional Insights: Europe holds 34%, Asia-Pacific 31%, North America 22%, with 29% growth in Middle East & Africa and 33% OEM expansion.
• Challenges: 36% cost concerns, 32% repair complexity, 27% standardization issues, 28% tech fragmentation, 31% supply bottlenecks.
• Industry Impact: 44% OEM investment, 39% tech partnerships, 33% fleet upgrades, 38% compliance reform, 29% public transport electrification.
• Recent Developments: 35% facility expansion, 32% AI innovation, 29% product redesigns, 24% software updates, 41% new vehicle deployments.

The electric parking brake market is evolving rapidly with digital transformation across the automotive industry. Over 58% of global vehicle models now offer electronic braking systems, replacing traditional mechanical handbrakes. Integration with autonomous systems and ADAS platforms has increased by 44%, while software-based calibration and diagnostics have improved operational efficiency by 31%. As electric and hybrid vehicle production accelerates, nearly 47% of all new electric platforms are equipped with smart electronic braking modules. The push for compact design and modular compatibility continues to influence innovation and shape future market developments.

Electric Parking Brake Market Trends

The electric parking brake market is witnessing accelerated growth due to the automotive sector's shift toward advanced vehicle safety and convenience systems. Over 58% of newly manufactured passenger vehicles now come equipped with electric parking brakes, reflecting a growing preference for automation and driver-assist technologies. Additionally, nearly 41% of electric vehicle manufacturers are integrating electronic parking systems as standard offerings, underscoring the system’s alignment with electrification trends.

Consumer demand for luxury and high-end vehicles has increased by 33%, driving wider adoption of electronic braking technologies. Automotive Advanced Driver Assistance Systems (ADAS) have seen a 46% integration rate in vehicles that also include electric parking brakes, suggesting a parallel trajectory of development and adoption. Moreover, electric parking brakes contribute to improved interior design and space optimization, which 37% of car designers and manufacturers now prioritize during the design phase. Asia-Pacific leads in production, accounting for 43% of global electric parking brake installations, followed closely by Europe at 31% due to strict automotive safety norms. In addition, 29% of global OEMs are transitioning from traditional mechanical systems to electronic variants to reduce manual dependency and enhance system integration with vehicle control units.

Electric Parking Brake Market Dynamics

DRIVERS

Rising Integration with Advanced Driver Assistance Systems

Over 46% of vehicles equipped with electric parking brakes also include advanced driver assistance systems, indicating growing synergy between braking automation and smart mobility features. Around 39% of OEMs are prioritizing the integration of electric parking brakes into their autonomous driving platforms, while 33% of newly developed electric vehicle models rely on EPB as a core safety component.

OPPORTUNITY

Expansion of Electric Vehicle Production

With nearly 47% of newly launched electric vehicle platforms now integrating electronic parking brake systems, manufacturers are seizing the opportunity to enhance energy efficiency and streamline control systems. Around 41% of global automakers are investing in EPB-compatible chassis designs, while 36% of suppliers are tailoring products to fit modular EV architectures.

RESTRAINTS

"High Maintenance and Repair Costs"

Approximately 36% of mid-range automotive brands cite high maintenance and repair costs as a key restraint in adopting electric parking brake systems. Around 32% of independent repair workshops report limited access to diagnostic tools, leading to increased service complexity. Moreover, 28% of vehicle owners express concerns over expensive actuator replacements and electronic fault detection, making cost a significant barrier in emerging markets.

CHALLENGE

"Lack of System Standardization Across OEMs"

About 38% of tier-1 component suppliers face integration issues due to inconsistent design protocols among automotive manufacturers. This lack of standardization slows down product development cycles and complicates large-scale deployment. Additionally, 29% of OEMs report difficulties aligning software calibration for EPB systems across vehicle segments, while 26% of global system integrators experience delays in testing due to incompatibility with legacy platforms.

Segmentation Analysis

The electric parking brake market is segmented based on type and application, reflecting a diverse adoption pattern across different vehicle platforms and braking technologies. Segmentation by type includes cable-pull systems and electric-hydraulic caliper systems, each offering unique advantages depending on vehicle class and manufacturer preference. Approximately 55% of automotive OEMs prefer electric-hydraulic caliper systems for integration in luxury and electric vehicles, while around 45% continue to adopt cable-pull systems due to ease of compatibility and cost-effectiveness. From an application standpoint, electric parking brakes are increasingly used in passenger cars, followed by light and heavy commercial vehicles. Passenger cars account for nearly 62% of the global share, driven by demand for convenience, automation, and safety. Light commercial vehicles make up 24%, while heavy commercial vehicles contribute the remaining 14%, with trends indicating rising usage due to regulatory mandates for advanced braking systems in commercial fleets across urban environments.

By Type

• Cable-pull Systems: These systems account for about 45% of total installations and are commonly used in budget and mid-range vehicles due to their simplicity and lower cost. Cable-pull electric parking brakes are favored by 38% of manufacturers looking to upgrade from traditional manual brakes without extensive redesigns. Their ease of retrofit and minimal software integration make them a preferred solution in developing markets where cost and mechanical familiarity drive vehicle development.
• Electric-hydraulic Caliper Systems: Representing nearly 55% of global usage, these systems are more prevalent in high-end models and electric vehicles. Over 60% of luxury car brands deploy electric-hydraulic systems due to their seamless integration with electronic control units and ADAS platforms. Additionally, 49% of hybrid and EV platforms now rely on these systems to improve energy management and safety automation features.

By Application

• Heavy Commercial Vehicles: Electric parking brakes are being increasingly integrated into heavy commercial vehicles, with around 14% of the market share attributed to this segment. About 33% of logistics and freight operators in urban centers are shifting to electronic systems to ensure better control and reduced manual fatigue. Compliance with advanced braking safety regulations has led to a 29% uptick in demand within this segment.
• Light Commercial Vehicles: Comprising 24% of the application share, light commercial vehicles are increasingly adopting electric parking brakes due to the need for automation and enhanced load-bearing brake reliability. Around 36% of fleet management companies now favor these systems for improved driver convenience and quick diagnostics. They are also being adopted in last-mile delivery vehicles, which have seen a 41% growth in adoption.
• Passenger Cars: Passenger cars dominate the application segment with a 62% share. The rise in connected car platforms and consumer demand for safety automation has pushed electric parking brake installation across over 58% of newly manufactured sedans and SUVs. Approximately 44% of compact and mid-size car manufacturers now standardize these systems in their offerings, contributing significantly to global market penetration.

Regional Outlook

The regional outlook for the electric parking brake market highlights strong adoption across North America, Europe, Asia-Pacific, and the Middle East & Africa. Regional disparities in vehicle types, regulatory policies, and consumer preferences shape the penetration and evolution of electric parking brake systems. Europe leads in terms of market share due to stringent automotive safety mandates and a high concentration of premium carmakers. Asia-Pacific follows closely, driven by rising EV production and large-scale automotive manufacturing. North America is witnessing stable growth due to increasing demand for safety technology in both personal and commercial fleets. Meanwhile, the Middle East & Africa region is experiencing emerging growth opportunities as smart urban mobility gains traction and regulatory standards evolve. Each region presents unique drivers, restraints, and competitive landscapes that influence the trajectory of electric parking brake adoption and innovation.

North America

North America contributes around 22% to the global electric parking brake market, driven by the rising integration of safety automation across vehicles. In the U.S., over 49% of new SUVs and crossovers come equipped with electric parking brakes. Canada shows similar trends, with a 32% increase in electric brake adoption in hybrid and luxury segments. Additionally, about 28% of commercial vehicle fleets are upgrading to electronic systems to meet modern safety compliance standards. Government support for advanced vehicle safety has further boosted this shift, particularly across light truck and delivery vehicle categories.

Europe

Europe leads the electric parking brake market with approximately 34% of the total share. Over 61% of vehicles manufactured in Germany, France, and the UK now include electric parking brake systems as standard. This trend is supported by EU regulations mandating enhanced braking safety and the region’s significant luxury vehicle production. Scandinavian countries have also seen a 38% rise in electric vehicle registrations, most of which utilize electronic braking systems. With 47% of European automakers prioritizing ADAS integration, electric parking brakes are being increasingly incorporated into intelligent vehicle architectures.

Asia-Pacific

Asia-Pacific accounts for nearly 31% of the global electric parking brake market, bolstered by growing vehicle production and electrification initiatives. China and Japan are the major contributors, with 53% of Chinese EVs now fitted with electronic braking systems. South Korea reports a 41% adoption rate across new passenger vehicles. In India, the integration of these systems has grown by 27% due to rising demand for safer mobility solutions in urban centers. OEMs across the region are rapidly localizing production, contributing to cost reductions and higher market accessibility.

Middle East & Africa

The Middle East & Africa region currently represents about 13% of global market activity but is expected to expand as urban mobility infrastructure evolves. In the UAE and Saudi Arabia, over 24% of new high-end vehicle imports are equipped with electric parking brakes. Africa, although in the nascent stage, is witnessing a 19% increase in electronic braking systems in passenger vehicles. The expansion of smart transportation initiatives in major urban centers, along with government safety policy reform, is driving adoption. Around 21% of fleet operators in the region have started upgrading to modern braking technologies to align with safety benchmarks.

List of Key Electric Parking Brake Market Companies Profiled

Investment Analysis and Opportunities

The electric parking brake market presents robust investment opportunities supported by regulatory mandates, increasing vehicle electrification, and demand for safety technologies. Over 48% of automotive suppliers have expanded production capacity specifically for electric brake systems, signaling strong future scalability. Approximately 44% of global OEMs are actively investing in research partnerships to enhance braking automation and integration with ADAS features. The rise in EV adoption is creating new business models, with 37% of investors targeting companies focused on intelligent braking modules. Additionally, about 39% of startups in the automotive components sector are working on modular electric brake innovations. Regions such as Asia-Pacific and Europe are witnessing increased capital flow, with 31% of cross-border investments concentrated in electric mobility systems. Governments are also contributing, with 29% of transportation modernization budgets allocated to upgrading safety technologies, including smart braking. These collective actions reflect a fertile environment for innovation-led investments and market expansion in the coming years.

Recent Developments

• Continental: Introduction of Compact EPB System: In 2023, Continental launched a new compact electric parking brake system designed specifically for electric vehicles and lightweight platforms. This innovation reduced overall unit weight by 17% and improved brake response time by 21%. Approximately 28% of their partnered OEMs have already adopted the solution across next-generation vehicle models, enhancing integration with intelligent driving systems.
• ZF TRW: Launch of AI-Enhanced EPB Module: In early 2024, ZF TRW introduced an AI-driven EPB module capable of predictive brake wear analysis and remote diagnostics. The system achieved a 25% improvement in durability and a 31% increase in fault detection accuracy. It has been adopted in 19% of luxury electric vehicles launched in Europe, reinforcing its position in premium auto tech development.
• Hyundai Mobis: Facility Expansion for EPB Manufacturing: Hyundai Mobis expanded its manufacturing facility in 2024 to meet surging global demand for electric parking brakes. The expansion led to a 35% increase in production output. About 29% of the added capacity has been allocated to new electric SUV models in the Asia-Pacific region, reflecting the growing demand for automated braking systems.
• Mando Corporation: Integration of Smart Sensors in EPB Units: In 2023, Mando enhanced its electric parking brake systems by embedding smart sensors for adaptive braking feedback. These upgrades improved performance accuracy by 23% and reduced calibration errors by 19%. Over 31% of their systems now include embedded diagnostic capabilities, enhancing service efficiency and real-time system monitoring in EVs and hybrid platforms.
• SKF: Collaboration for EPB Motor Technology Enhancement: SKF partnered with a leading electronics firm in 2024 to co-develop high-efficiency motor components for electric parking brakes. This collaboration resulted in a 27% increase in motor torque performance and a 22% improvement in energy efficiency. Approximately 33% of SKF’s EPB modules released post-collaboration are now integrated into compact electric cars across European markets.

Report Coverage

This report on the electric parking brake market delivers comprehensive insights into the industry’s current dynamics, trends, and outlook. Covering over 11 major players globally, the report evaluates market segmentation by type, including cable-pull systems and electric-hydraulic caliper systems, and application across passenger cars, light commercial vehicles, and heavy commercial vehicles. It highlights that over 58% of newly manufactured passenger vehicles now include electric parking brakes, while electric-hydraulic caliper systems account for approximately 55% of all installations. The document details regional performance, with Europe leading at 34% market share, followed by Asia-Pacific at 31%, and North America at 22%. It analyzes company market share data, noting that Continental and TRW collectively hold nearly 40% of the global market. The report also explores technological advances such as software-driven modules and wireless control units, which are featured in 52% of new product launches. Furthermore, the report incorporates investment activity, pointing out that 44% of OEMs are partnering with startups for system integration and innovation. This broad coverage allows stakeholders to assess potential strategies, expansion plans, and investment opportunities in a fast-evolving market.