Electric Parking Brake Sales

Electric Parking Brake Sales Market Outlook

The global electric parking brake market is projected to reach USD 8.5 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035. This growth is primarily driven by the increasing demand for advanced driver-assistance systems (ADAS) and the growing automotive industry’s shift towards electric and hybrid vehicles. Additionally, stringent government regulations promoting vehicle safety and reducing emissions are fostering the adoption of electric parking brakes. As automotive manufacturers increasingly focus on enhancing vehicle performance, safety, and user convenience, the electric parking brake emerges as a critical component in modern vehicles, further stimulating market growth. The growing trend of vehicle electrification is expected to significantly influence the adoption of electric parking brakes, as they align with the requirements of electric and hybrid vehicles.

Growth Factor of the Market

Several factors are driving the growth of the electric parking brake market globally. One of the primary growth factors is the increasing consumer preference for advanced safety features, which has led to heightened interest in electric parking brake systems that offer enhanced safety and convenience over traditional systems. As manufacturers look to differentiate their vehicles in a competitive market, the integration of electric parking brakes represents a significant step in technological advancement. Additionally, the rise in electric and hybrid vehicle sales is a major contributor, as these vehicles often require advanced braking technologies that electric parking brakes can provide. The ongoing development of autonomous vehicles further fuels the need for sophisticated parking technologies, including electric parking brakes, which enable seamless and safe parking without driver intervention. Finally, the growing trend towards lightweight automotive components positions electric parking brakes as an attractive option due to their ability to reduce overall vehicle weight, thereby improving fuel efficiency.

Key Highlights of the Market

• Projected market size reaching USD 8.5 billion by 2035.
• CAGR of 7.2% expected from 2025 to 2035.
• Expanding demand for electric and hybrid vehicles propelling adoption.
• Emerging trends in autonomous driving technology driving innovation.
• Increased focus on vehicle safety features across the automotive industry.

By Product Type

Electric-Hydraulic Caliper Systems:

Electric-hydraulic caliper systems are becoming increasingly popular due to their robust performance and efficient braking capabilities. These systems utilize hydraulic force, controlled by electrical signals, to engage the brake calipers effectively. This integration allows for precise control over braking force, enhancing vehicle safety and performance. The electric-hydraulic caliper system offers superior reliability and response time, which is essential for modern vehicles that prioritize safety and driver assistance features. Furthermore, as automakers look to optimize their braking systems, electric-hydraulic systems are favored for their ability to reduce weight and improve fuel efficiency, making them a preferred choice in the electric parking brake segment.

Cable-Pull Systems:

Cable-pull systems, a traditional method of parking brake application, are still in use due to their simplicity and cost-effectiveness. These systems rely on a mechanical cable that pulls the brake when engaged, which provides a direct and straightforward operation. While they may not offer the technological advancements of electric systems, cable-pull systems are appreciated for their ease of maintenance and installation. As vehicle manufacturers strive to balance cost with safety features, cable-pull systems serve as a practical option, particularly in lower-cost vehicles and for markets where affordability is a priority. However, the growing trend towards automation and electric mobility may limit the future expansion of this segment.

Electric Motor Systems:

Electric motor systems represent a significant advancement in parking brake technology, as they utilize electric motors to operate the braking mechanism. These systems provide faster response times and greater precision compared to traditional cable systems. The electric motor’s ability to modulate braking force enhances vehicle dynamics and safety performance, making them suitable for modern automobiles with advanced safety requirements. As electric and hybrid vehicles become more prevalent, the demand for electric motor systems in parking brakes is expected to grow, driven by the need for efficient and reliable braking solutions. Additionally, these systems offer advantages in terms of integration with electronic control systems, allowing for innovative features like automatic engagement and disengagement based on driving conditions.

Electro-Mechanical Systems:

Electro-mechanical systems are gaining traction in the electric parking brake market due to their ability to combine mechanical components with electronic controls. These systems can provide a highly responsive parking brake solution, allowing for smoother operation and reduced maintenance needs. The electro-mechanical design allows for easier integration with other vehicle systems such as stability control and ADAS, enhancing overall vehicle performance. As automotive technology continues to advance, the electro-mechanical parking brake is becoming a viable choice for manufacturers looking to innovate their vehicle offerings. The flexibility in design and the capability to adjust braking characteristics electronically make these systems particularly appealing for electric and hybrid vehicles.

Electro-Hydraulic Systems:

Electro-hydraulic systems serve as a hybrid solution that combines the benefits of hydraulic actuation with electronic control. These systems allow for powerful braking capabilities while maintaining the flexibility and precision that electronic systems provide. Electro-hydraulic systems are particularly advantageous in terms of their ability to manage braking under diverse driving conditions, making them suitable for high-performance vehicles. They are also designed to reduce component wear and enhance overall system reliability. As the automotive industry moves towards more sophisticated braking systems, the demand for electro-hydraulic solutions is expected to increase, especially among performance-oriented vehicles and those requiring high safety standards.

By Application

Passenger Vehicles:

Passenger vehicles are the largest segment in the electric parking brake market due to the sheer volume of units produced globally. With the rise in consumer demand for safety features and the growing adoption of electric and hybrid vehicles, manufacturers are increasingly integrating electric parking brakes into their designs. Electric parking brakes enhance the convenience of parking and provide additional safety measures, such as automatic engagement when the vehicle is in park mode. This segment's growth is further supported by regulatory pressures aimed at improving vehicle safety standards, which encourage automakers to adopt advanced braking technologies.

Commercial Vehicles:

The commercial vehicle segment is witnessing a gradual increase in the adoption of electric parking brakes as manufacturers look to enhance safety and decongest urban areas. As cities implement stricter emissions regulations, the shift towards electric and hybrid commercial vehicles is catalyzing the need for efficient braking systems. Electric parking brakes offer advantages in terms of space-saving design and improved reliability, essential for larger vehicles that require robust braking solutions. As the logistics and transportation sectors evolve, the shift towards integrated safety solutions is likely to boost the adoption of electric parking brakes in commercial applications.

Electric Vehicles:

The electric vehicle (EV) segment is a key driver of growth for the electric parking brake market, as these vehicles often require advanced braking solutions to optimize energy efficiency and safety. Electric parking brakes align perfectly with EV technology, providing a lightweight and compact solution that integrates seamlessly with regenerative braking systems. The increasing global focus on reducing carbon emissions and promoting sustainable transportation is propelling the growth of the electric vehicle market, and consequently, the demand for advanced braking technologies like electric parking brakes. As manufacturers innovate to enhance EV performance, electric parking brakes are likely to become standard features across various models.

Hybrid Vehicles:

Hybrid vehicles are also contributing significantly to the electric parking brake market, serving as a bridge between traditional gasoline-powered cars and fully electric vehicles. Hybrid models benefit from the lighter weight and compact design of electric parking brakes, which help improve overall vehicle efficiency. The adoption of electric parking brakes in hybrids is becoming increasingly common as manufacturers focus on integrating advanced braking systems that comply with evolving safety standards. Additionally, as consumers become more environmentally conscious, the hybrid vehicle market is anticipated to grow, further driving the demand for electric parking brakes.

Autonomous Vehicles:

Autonomous vehicles represent a burgeoning segment in the electric parking brake market, as they introduce new challenges and requirements for braking systems. The integration of electric parking brakes plays a crucial role in the operation of self-parking features and other automated driving technologies. These systems ensure that the vehicle is securely parked without driver intervention, aligning with the principles of autonomy and convenience. As the development of autonomous vehicles accelerates, the need for reliable and advanced braking technologies will be paramount, making electric parking brakes an essential feature of future self-driving cars.

By Distribution Channel

OEMs:

The original equipment manufacturers (OEMs) segment holds a significant share of the electric parking brake market, as automakers increasingly integrate these advanced systems into their new vehicle models. The OEMs focus on enhancing vehicle safety features and meeting regulatory standards, making electric parking brakes a priority in design and production. As the automotive industry evolves with a growing emphasis on innovation, collaborating with suppliers of electric parking brake technologies has become essential for OEMs to remain competitive. The trend of integrating electric parking brakes into mass-produced vehicles is expected to continue, thus bolstering the market share of this distribution channel.

Aftermarket:

The aftermarket segment is also experiencing growth, driven by the increasing need for vehicle maintenance and upgrades. As more consumers become aware of the benefits of electric parking brakes, there is a rising demand for retrofitting existing vehicles with these advanced systems. This segment is particularly significant for older vehicles that may benefit from enhanced braking technologies to improve safety and performance. Moreover, the increasing trend of car customization and personalization among consumers is fueling the demand for aftermarket installations of electric parking brakes. Thus, the aftermarket distribution channel is expected to play a vital role in the overall growth of the electric parking brake market.

By Technology

Automatic Electric Parking Brake:

The automatic electric parking brake technology is gaining traction due to its convenience and enhanced safety features. This system automatically engages the parking brake when the vehicle is turned off, and it can also release automatically when the vehicle is in motion. The advantages of this technology, including ease of use and integration with advanced driver-assistance systems, make it an attractive option for modern vehicles. As consumer preferences shift towards smart and connected vehicle technologies, the automatic electric parking brake is increasingly becoming a standard feature in new vehicle models, further driving its market growth.

Manual Electric Parking Brake:

Manual electric parking brakes provide a more traditional approach to parking brake operation, requiring the driver to engage and disengage the system manually. While they may not offer the same level of convenience as automatic systems, manual electric parking brakes are still favored in certain segments of the automotive market, particularly in lower-cost vehicles or performance-oriented models where driver engagement is prioritized. The manual operation allows for a more tactile experience, which some drivers prefer. However, as the automotive landscape shifts towards automation and enhanced safety protocols, the adoption of manual electric parking brakes may see a decline in the face of more advanced automatic systems.

By Region

The electric parking brake market is witnessing substantial regional growth, particularly in North America and Europe. In North America, the market is projected to grow at a CAGR of 7.5% from 2025 to 2035, driven by the increasing demand for advanced safety features in vehicles and the rising production of electric and hybrid models. Additionally, stringent regulations aimed at improving vehicle safety and reducing emissions are pushing manufacturers to adopt innovative braking technologies. The presence of major automotive manufacturers and a well-developed supply chain in this region further support the growth of the electric parking brake market.

In Europe, the electric parking brake market is expected to maintain a robust growth trajectory, fueled by the increasing popularity of electric vehicles and the region's commitment to sustainability. With a strong emphasis on reducing carbon emissions, European automotive manufacturers are rapidly adopting advanced braking technologies, including electric parking brakes, to align with regulatory requirements. The growing trend of vehicle electrification and the development of autonomous driving technologies are also significant factors contributing to the positive outlook for the electric parking brake market in this region. As a result, Europe is set to remain a key player in the global electric parking brake market.

Opportunities

As the electric parking brake market continues to evolve, several opportunities are emerging that could significantly impact its growth trajectory. One of the most promising opportunities lies in the increasing adoption of electric and hybrid vehicles, which require advanced braking systems to optimize their performance and enhance safety features. The ongoing transition towards electrification in the automotive sector is creating a favorable environment for the expansion of electric parking brakes, as they align with the technological advancements sought by manufacturers. Furthermore, the development of autonomous vehicles presents another exciting opportunity, as these vehicles necessitate sophisticated parking solutions that electric parking brakes can provide, ensuring secure parking without driver intervention. This demand for automatic and reliable braking systems will likely foster innovation and investment in electric parking brake technologies, opening new avenues for manufacturers and suppliers in the market.

Another significant opportunity is the potential for growth in emerging markets, where increasing disposable incomes and urbanization are driving the demand for automobiles. As consumers in these regions become more health-conscious about safety and convenience, the adoption of electric parking brakes is expected to rise. Manufacturers can leverage this trend by introducing affordable electric parking brake solutions tailored to meet the specific needs of these markets. Additionally, collaboration with local automotive manufacturers and suppliers could facilitate better market penetration and expansion. With the potential for enhanced safety features and growing consumer awareness regarding vehicle performance, the electric parking brake market is poised to capitalize on these emerging opportunities for sustained growth and innovation.

Threats

Despite the promising growth outlook for the electric parking brake market, several threats could pose challenges to its expansion. One major threat is the intense competition among manufacturers, which may lead to price wars and reduced profit margins. As more companies enter the market with similar products, the differentiation of electric parking brake systems becomes crucial. This oversaturation could force manufacturers to compromise on quality or invest heavily in marketing to stand out, leading to potential financial strain. Additionally, rapid technological advancements in the automotive sector can render existing electric parking brake systems obsolete, requiring continuous innovation to keep pace with industry developments. Such rapid changes can create uncertainty for manufacturers and hinder long-term planning.

Furthermore, economic downturns or fluctuations in the global automotive market can also dampen growth prospects for the electric parking brake market. An economic slowdown may lead to reduced consumer spending on vehicles, particularly in higher-priced segments that feature advanced technologies. Additionally, geopolitical tensions and supply chain disruptions can impact the availability of critical components required for manufacturing electric parking brakes. These external factors pose significant risks, making it essential for companies in the industry to remain agile and adaptable to navigate potential challenges effectively.

Competitor Outlook

• Brembo S.p.A.
• Continental AG
• Robert Bosch GmbH
• TRW Automotive Holdings Corp. (ZF Friedrichshafen AG)
• Knorr-Bremse AG
• Hella GmbH & Co. KGaA
• Wabco Holdings Inc.
• Frenkit
• Toyota Industries Corporation
• Valeo S.A.
• AP Racing Ltd.
• Hitachi Automotive Systems Ltd.
• Delphi Technologies
• Advanex Inc.
• Haldex AB

The competitive landscape of the electric parking brake market is characterized by a mix of established players and emerging companies aiming to capitalize on the growing demand for advanced automotive technologies. Major manufacturers are investing heavily in research and development to innovate and enhance their product offerings, thereby maintaining their competitive edge. Collaborations and partnerships among industry players are becoming increasingly common as companies seek to leverage complementary strengths to accelerate their market presence. Furthermore, the focus on sustainability and eco-friendliness is encouraging manufacturers to develop electric parking brake systems that align with the broader automotive industry's transition towards greener technologies.

Among the key competitors in the electric parking brake market, Brembo S.p.A. stands out for its commitment to innovative braking solutions and a strong presence in the automotive sector. The company is renowned for its expertise in high-performance braking systems, and it continues to invest in electric parking brake technologies to enhance vehicle safety and performance. Similarly, Continental AG is another significant player, offering a range of braking solutions that cater to both conventional and electric vehicles. Their focus on integrating advanced driver-assistance systems with electric parking brakes showcases their commitment to innovation and market leadership in this segment.

Robert Bosch GmbH is a formidable competitor in the electric parking brake market, leveraging its extensive experience in automotive technology to deliver high-quality products. The company’s focus on electrification and automation is reflected in its portfolio, which includes advanced electric parking brake systems designed to meet the requirements of modern vehicles. Additionally, ZF Friedrichshafen AG, through its acquisition of TRW Automotive, has enhanced its capabilities in the braking systems market. ZF is actively involved in developing innovative braking solutions that align with the trend of vehicle electrification and automation, positioning itself as a key player in the electric parking brake sector. As competition intensifies, these companies must continuously adapt to changing market dynamics and consumer preferences to ensure their long-term success.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Frenkit
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Haldex AB
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Valeo S.A.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Advanex Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Brembo S.p.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 AP Racing Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Continental AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Knorr-Bremse AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Robert Bosch GmbH
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Delphi Technologies
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Wabco Holdings Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Hella GmbH & Co. KGaA
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Toyota Industries Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hitachi Automotive Systems Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 TRW Automotive Holdings Corp. (ZF Friedrichshafen AG)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electric Parking Brake Sales Market, By Technology
    • 6.1.1 Automatic Electric Parking Brake
    • 6.1.2 Manual Electric Parking Brake
  • 6.2 Electric Parking Brake Sales Market, By Application
    • 6.2.1 Passenger Vehicles
    • 6.2.2 Commercial Vehicles
    • 6.2.3 Electric Vehicles
    • 6.2.4 Hybrid Vehicles
    • 6.2.5 Autonomous Vehicles
  • 6.3 Electric Parking Brake Sales Market, By Product Type
    • 6.3.1 Electric-Hydraulic Caliper Systems
    • 6.3.2 Cable-Pull Systems
    • 6.3.3 Electric Motor Systems
    • 6.3.4 Electro-Mechanical Systems
    • 6.3.5 Electro-Hydraulic Systems

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Electric Parking Brake Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electric Parking Brake Sales market is categorized based on

By Product Type

• Electric-Hydraulic Caliper Systems
• Cable-Pull Systems
• Electric Motor Systems
• Electro-Mechanical Systems
• Electro-Hydraulic Systems

By Application

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles
• Hybrid Vehicles
• Autonomous Vehicles

By Technology

• Automatic Electric Parking Brake
• Manual Electric Parking Brake

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Brembo S.p.A.
• Continental AG
• Robert Bosch GmbH
• TRW Automotive Holdings Corp. (ZF Friedrichshafen AG)
• Knorr-Bremse AG
• Hella GmbH & Co. KGaA
• Wabco Holdings Inc.
• Frenkit
• Toyota Industries Corporation
• Valeo S.A.
• AP Racing Ltd.
• Hitachi Automotive Systems Ltd.
• Delphi Technologies
• Advanex Inc.
• Haldex AB