What is Global Automotive Electronic Parking Brake System (EPB) Market?
The Global Automotive Electronic Parking Brake System (EPB) Market is a rapidly evolving sector within the automotive industry. EPB systems are advanced braking mechanisms that replace traditional handbrakes with electronic controls. These systems enhance vehicle safety and convenience by allowing drivers to engage and disengage the parking brake with the push of a button. EPB systems are integrated with the vehicle's electronic control unit (ECU), which ensures optimal braking force distribution and stability. This technology is particularly beneficial in modern vehicles equipped with advanced driver-assistance systems (ADAS), as it supports features like automatic parking and hill-start assist. The growing demand for enhanced safety features, coupled with the increasing adoption of electric and hybrid vehicles, is driving the expansion of the EPB market globally. As automotive manufacturers continue to innovate and integrate more electronic systems into their vehicles, the EPB market is expected to witness significant growth.
Cable Puller Type EPB, Independent EPB, Integrated EPB in the Global Automotive Electronic Parking Brake System (EPB) Market:
The Global Automotive Electronic Parking Brake System (EPB) Market comprises various types of EPB systems, including Cable Puller Type EPB, Independent EPB, and Integrated EPB. The Cable Puller Type EPB is the most traditional form, where an electronic motor pulls a cable to engage the brake. This type is relatively simple and cost-effective, making it popular in mid-range vehicles. However, it lacks the advanced features and integration capabilities of more modern systems. Independent EPB systems, on the other hand, are more sophisticated. They use individual electronic actuators on each wheel, allowing for more precise control and better integration with other vehicle systems. This type of EPB is often found in higher-end vehicles and offers enhanced safety and performance. Integrated EPB systems represent the latest advancement in EPB technology. These systems are fully integrated with the vehicle's electronic control unit (ECU) and other electronic systems, providing seamless operation and advanced features like automatic parking and hill-start assist. Integrated EPB systems are typically found in premium and luxury vehicles, where the emphasis is on providing the highest level of safety, convenience, and performance. The choice of EPB system depends on various factors, including the vehicle's design, target market, and cost considerations. As the automotive industry continues to evolve, the demand for more advanced and integrated EPB systems is expected to grow, driven by the increasing adoption of electric and hybrid vehicles and the growing emphasis on vehicle safety and automation.
Sedans, SUVs, Others in the Global Automotive Electronic Parking Brake System (EPB) Market:
The usage of Global Automotive Electronic Parking Brake System (EPB) Market varies across different types of vehicles, including Sedans, SUVs, and others. In Sedans, EPB systems are primarily used to enhance safety and convenience. Sedans are often used for daily commuting and long-distance travel, where the ease of use and reliability of EPB systems are highly valued. The integration of EPB systems in sedans allows for features like automatic parking and hill-start assist, which improve the overall driving experience. In SUVs, EPB systems play a crucial role in ensuring safety and stability, especially in off-road and challenging driving conditions. SUVs are designed for versatility and performance, and the advanced capabilities of EPB systems help maintain control and stability on various terrains. The use of EPB systems in SUVs also supports features like hill descent control and traction control, which are essential for off-road driving. In other types of vehicles, such as trucks, vans, and electric vehicles, EPB systems are used to enhance safety, performance, and convenience. In trucks and vans, EPB systems provide the necessary braking force and stability for heavy loads and commercial use. In electric vehicles, EPB systems are integrated with the vehicle's electronic systems to optimize energy efficiency and performance. The growing adoption of EPB systems across different types of vehicles is driven by the increasing demand for advanced safety features, convenience, and the shift towards electric and hybrid vehicles. As automotive manufacturers continue to innovate and integrate more electronic systems into their vehicles, the usage of EPB systems is expected to expand across various vehicle segments.
Global Automotive Electronic Parking Brake System (EPB) Market Outlook:
The global Automotive Electronic Parking Brake System (EPB) market was valued at US$ 9121 million in 2023 and is anticipated to reach US$ 11280 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030. This market outlook indicates a steady growth trajectory for the EPB market, driven by the increasing demand for advanced safety features and the growing adoption of electric and hybrid vehicles. The integration of EPB systems in modern vehicles enhances safety, convenience, and performance, making them an essential component in the automotive industry. As automotive manufacturers continue to innovate and incorporate more electronic systems into their vehicles, the EPB market is expected to witness significant growth. The steady CAGR of 3.1% reflects the ongoing advancements in EPB technology and the increasing emphasis on vehicle safety and automation. The projected market value of US$ 11280 million by 2030 underscores the importance of EPB systems in the future of the automotive industry.
| Report Metric | Details |
| Report Name | Automotive Electronic Parking Brake System (EPB) Market |
| Accounted market size in 2023 | US$ 9121 million |
| Forecasted market size in 2030 | US$ 11280 million |
| CAGR | 3.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ZF Group, KUSTER, Continental Teves, Bosch, Mando, Bethel Automotive Safety Systems, Zhejiang Asia Pacific Electromechanical, Zhejiang Libang Hexin, Advics (Aisin) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
