Electric Parking Brake Market

Electric Parking Brake Market Analysis by Electric-hydraulic Caliper Systems and Cable-pull Systems for Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles from 2023 to 2033

Analysis of Electric Parking Brake Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Electric Parking Brake Market Outlook (2023 to 2033)

The global electric parking brake market is projected to expand at an impressive CAGR of 12.4% and end up at a valuation of US$ 5.92 billion by 2033, up from US$ 1.83 billion in 2023.

Electric parking brakes, often known as electronic parking brakes (EPB), are braking systems that use electric motors rather than traditional mechanical mechanisms such as hand levers or foot pedals. They are used to keep a vehicle in place when parked on a slope or flat surface, preventing it from rolling or sliding.

Electric parking brakes use electronic controls to engage and disengage the parking brake rather than a physical connection between the brake pedal and the brake mechanism. When the driver activates the parking brake by pressing a button or pulling a switch, an electronic signal is sent to the control unit, which activates the electric motor attached to the brake caliper or drum mechanism.

The automotive industry is constantly evolving, with an emphasis on increasing safety, efficiency, and convenience.

  • According to a new study released by the Ministry of Road Transport and Highways (MoRTH), a total of 412,432 road accidents occurred in India in 2021, claiming 153,972 lives and injuring 384,448 individuals.

Electric parking brakes offer technological advancements over traditional mechanical systems, providing more precise control, integration with other vehicle systems, and additional safety features. As a result, automobile manufacturers are increasingly including electric parking brakes in their vehicles.

Consumers are increasingly looking for vehicles with sophisticated features and enhanced convenience. Electric parking brakes provide a streamlined interior design, freeing up cabin space and eliminating the necessity for a bulky handbrake lever or pedal. This appeals to customers who want a modern, stylish, and comfortable driving experience.

Electric parking brakes have features such as hill-hold assist, automatic activation/deactivation, and integration with advanced driver-assistance systems (ADAS). These features improve the overall performance and functionality of the braking system, resulting in a smoother and more efficient driving experience.

Aside from new automobiles, there is a market opportunity for retrofitting current vehicles with electric parking brakes. Retrofitting allows owners of older vehicles to improve their braking systems and experience the benefits of electronic parking brakes, promoting market growth.

Report Attributes Details
Electric Parking Brake Market Size (2023) US$ 1.83 billion
Projected Market Value (2033) US$ 5.92 billion
Global Market Growth Rate (2023 to 2033) 12.4% CAGR
China Market Value (2033) US$ 1.29 billion
Sales Growth of Electric-hydraulic Caliper Systems (2023 to 2033) 13.1% CAGR
Key Companies Profiled Aisin Seiki Co. Ltd; Continental AG; DURA Automotive Systems; TBK Co. Ltd; Hyundai Mobis Co. Ltd; ZF Friedrichshafen AG; Mando Corporation

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Why is the Global Market for Electric Parking Brakes Experiencing Robust Growth?

“Strict Government Regulations Regarding Road Safety”

Governments and regulatory agencies are constantly enforcing stringent safety standards for automobiles. This is a major factor pushing the demand for electric parking brakes. Electric parking brakes provide improved safety features, such as automatic release when the accelerator pedal is pressed, preventing unintentional acceleration. As a result, automakers are incorporating electric parking brakes into their vehicles to comply with these laws and increase overall vehicle safety.

“Booming Electric Vehicle (EV) Market”

The electric vehicle (EV) market is growing rapidly as a result of greater environmental consciousness, government incentives, and battery technology breakthroughs. Electric parking brakes are a standard feature on many electric automobiles. Electric parking brakes are becoming more popular as the demand for EVs develops.

What are the Top Concerns of Electric Parking Brake Manufacturers?

“High Product Cost and Maintenance Issues”

Electric parking brakes are more costly than conventional handbrakes. This can limit market growth, particularly in regions where cost is a prominent issue in buying decisions. Moreover, electric parking brakes necessitate specialized maintenance and repair, which can be more expensive than standard handbrakes. This may dissuade some customers from purchasing electric parking brakes.

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Country-wise Insights

How are China, Japan, and South Korea Supporting Asia Pacific's Dominance?

“Thriving Automotive Industry and Strong Government Policies & Regulations”

According to Fact.MR, a market research and competitive intelligence provider, the sales of electric parking brakes in China, Japan, and South Korea are estimated to reach US$ 1.29 billion, US$ 361.1 million, and US$ 189.4 million, respectively, by 2033.

China is one of the world's major automotive markets, with significant demand for vehicles. Vehicle manufacturing and sales in the country have increased significantly. Electric parking brakes are being used as a modern and advanced braking technology as automakers attempt to respond to consumer demands and meet safety criteria, boosting market growth.

The Chinese government has imposed strict automotive restrictions and safety standards. Electric parking brakes provide better safety features and functionality, such as automatic activation and integration with other safety systems, which aligns with the government's emphasis on enhancing vehicle safety. These regulations encourage car manufacturers to include electric parking brakes in their vehicles.

Japan is well-known for its automobile industry and technological advancements. Japanese automakers are pioneers in the incorporation of modern features and safety technologies into their automobiles. Electric parking brakes complement Japan's emphasis on technological breakthroughs by improving performance, convenience, and safety. As a result, the country's use of electric parking brakes is increasing. Furthermore, safety is a paramount concern in Japan's automotive industry. The country has stringent safety requirements and high automotive safety standards, which is raising the demand for electric parking brake systems.

South Korea is home to major automotive companies noted for technological development and innovation. The government places a high emphasis on creating cutting-edge automobile technologies and improving the entire driving experience. Electric parking brakes coincide with this approach, offering increased features and convenience, which contributes to their adoption and market expansion.

Why is the United States Exhibiting High Demand for Electric Parking Brakes?

“Rapidly Increasing Electric Vehicle Sales and Government Incentives & Support”

The United States market is expected to achieve US$ 1.26 billion by 2033. The United States has stringent safety regulations and standards for automobiles, which is boosting the demand for electric parking brakes. Moreover, the United States has witnessed significant growth in the sales and adoption of electric vehicles. Electric parking brakes are becoming more common as EVs become more mainstream, owing to their compatibility with electric drivetrains and the overall trend toward improved electric vehicle technology.

Incentives and support from state and federal governments in the United States have been critical in boosting the adoption of electric vehicles and sophisticated automotive technologies. These initiatives foster the growth of electric parking brake systems by pushing automakers to include them in their vehicles.

In the United States, automakers, suppliers, and technology companies are actively collaborating to develop and implement new automotive technologies. This collaborative environment stimulates innovation and drives the adoption of technologies such as electric parking brakes, driving market growth.

What is the Demand Outlook for Electric Parking Brakes in Germany?

“Use of Electric Parking Brakes to Grow Significantly”

The market for electric parking brakes in Germany is predicted to touch US$ 609.8 million by 2033. Germany is well-known for its automotive sector and technological expertise. German automakers are known for their emphasis on quality, performance, and cutting-edge technologies. Electric parking brakes align with this emphasis on innovation and advanced features, resulting in widespread adoption and market expansion in Germany.

Germany is renowned for its premium and luxury automobile segments. Electric parking brakes are frequently linked with high-end vehicles since they have a sleek and space-saving design. German buyers, particularly those interested in premium vehicles, choose innovative features and technology such as electric parking brakes, which is propelling the market expansion.

Germany, like every other developed country, has strict safety standards and regulations for vehicles. Electric parking brake systems comply with German safety requirements and contribute to increased vehicle safety, pushing their adoption in the country. Moreover, Germany has a strong environmental consciousness and a commitment to reduce carbon emissions. Electric vehicles, which frequently include electric parking brakes, are viewed as a sustainable transportation solution. The increased demand for electric vehicles in Germany adds to the country's market growth.

Category-wise Insights

Why are Electric-hydraulic Caliper Systems Attracting Attention?

“Superior Performance, Safety, and Seamless Integration with ADAS”

The demand for electric-hydraulic caliper systems is anticipated to rise at a CAGR of 13.1% over the next ten years.

Electric-hydraulic caliper systems combine the advantages of electric and hydraulic technologies to provide better braking performance. Hydraulic systems give powerful braking and precise control, while electric systems offer advanced features and integration capabilities. The combination of these technologies produces greater braking performance and responsiveness, which appeals to consumers and adds to increasing demand.

Electric-hydraulic caliper systems are safe and dependable. The hydraulic component delivers strong and consistent braking force, while the electric component adds additional safety features, including automatic activation and integration with vehicle control systems. These systems are in high demand because they meet strict safety rules and provide drivers confidence in their vehicle's braking capabilities.

Electric-hydraulic caliper systems can seamlessly integrate with advanced driver-assistance systems (ADAS). This integration enables improved functionalities such as collision avoidance, autonomous emergency braking, and adaptive cruise control. As ADAS technologies become more popular in automobiles, the demand for electric-hydraulic caliper systems develops to enable smooth integration and maximize overall system performance.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

Key players in the electric parking brake market are concentrating on acquisitions, collaborations, investments, R&D activities, and technological developments to expand and strengthen their international presence.

  • Continental AG developed a novel parking brake system for electric vehicles in 2021. This innovative technology is lighter and less complicated than existing electric parking brake systems, providing enhanced performance and safety features.

Key Segments of Electric Parking Brake Industry Research

  • By Type :

    • Electric-hydraulic Caliper Systems
    • Cable-pull Systems

  • By Component :

    • Electronic Control Units
    • Electric Parking Brake Actuators
    • Electric Parking Brake Switches

  • By Vehicle Type :

    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

  • By Region :

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

Table of Content

  • 1. Global Market - Executive Summary
  • 2. Global Market Overview
  • 3. Global Market Analysis and Forecast 2018 to 2033
    • 3.1. Global Market Size and Forecast By Type, 2018 to 2033
      • 3.1.1. Electric-Hydraulic Caliper System
      • 3.1.2. Cable-Pull System
    • 3.2. Global Market Size and Forecast By Component, 2018 to 2033
      • 3.2.1. Electronic Control Unit
      • 3.2.2. Actuator
      • 3.2.3. Switch
    • 3.3. Global Market Size and Forecast By Vehicle Type, 2018 to 2033
      • 3.3.1. Passenger Car
      • 3.3.2. Light Commercial Vehicle
      • 3.3.3. Heavy Commercial Vehicle
    • 3.4. Global Market Size and Forecast By Sales Channel, 2018 to 2033
      • 3.4.1. OEM
      • 3.4.2. Aftermarket
  • 4. North America Market Size and Forecast, 2018 to 2033
  • 5. Latin America Market Size and Forecast, 2018 to 2033
  • 6. Europe Market Size and Forecast, 2018 to 2033
  • 7. Japan Market Size and Forecast, 2018 to 2033
  • 8. APEJ Market Size and Forecast, 2018 to 2033
  • 9. MEA Market Size and Forecast, 2018 to 2033
  • 10. Global Market Competitive Landscape
  • 11. Company Profiles
    • 11.1. Aisin Seiki Co., Ltd.
    • 11.2. Continental AG
    • 11.3. DURA Automotive Systems
    • 11.4. TBK Co., Ltd.
    • 11.5. Hyundai Mobis Co., Ltd.
    • 11.6. Küster Holding GmbH
    • 11.7. Mando-Hella Electronics Corp.
    • 11.8. Svenska Kullagerfabriken AB
    • 11.9. ZF Friedrichshafen AG
    • 11.10. Wuhu Bethel Automotive Safety Systems Co., Ltd.
  • 12. Fact.MR Research Methodology
  • 13. Disclaimer

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List Of Table

TABLE 1: Global Market Value (US$ Mn) & Volume (‘000 Units), 2018 to 2022

TABLE 2: Global Market Value (US$ Mn) & Volume (‘000 Units), 2023 to 2033

TABLE 3: Global Market Value (US$ Mn) & Volume (‘000 Units) and Y-o-Y, 2022 to 2033

TABLE 4: Global Electric-Hydraulic Caliper System Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 5: Global Electric-Hydraulic Caliper System Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 6: Global Electric-Hydraulic Caliper System Segment Market Share, By Region 2018 to 2022

TABLE 7: Global Electric-Hydraulic Caliper System Segment Market Share, By Region 2023 to 2033

TABLE 8: Global Electric-Hydraulic Caliper System Segment Y-o-Y, By Region 2022 to 2033

TABLE 9: Global Cable-Pull System Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 10: Global Cable-Pull System Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 11: Global Cable-Pull System Segment Market Share, By Region 2018 to 2022

TABLE 12: Global Cable-Pull System Segment Market Share, By Region 2023 to 2033

TABLE 13: Global Cable-Pull System Segment Y-o-Y, By Region 2022 to 2033

TABLE 14: Global Electronic Control Unit Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 15: Global Electronic Control Unit Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 16: Global Electronic Control Unit Segment Market Share, By Region 2018 to 2022

TABLE 17: Global Electronic Control Unit Segment Market Share, By Region 2023 to 2033

TABLE 18: Global Electronic Control Unit Segment Y-o-Y, By Region 2022 to 2033

TABLE 19: Global Actuator Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 20: Global Actuator Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 21: Global Actuator Segment Market Share, By Region 2018 to 2022

TABLE 22: Global Actuator Segment Market Share, By Region 2023 to 2033

TABLE 23: Global Actuator Segment Y-o-Y, By Region 2022 to 2033

TABLE 24: Global Switch Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 25: Global Switch Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 26: Global Switch Segment Market Share, By Region 2018 to 2022

TABLE 27: Global Switch Segment Market Share, By Region 2023 to 2033

TABLE 28: Global Switch Segment Y-o-Y, By Region 2022 to 2033

TABLE 29: Global Passenger Car Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 30: Global Passenger Car Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 31: Global Passenger Car Segment Market Share, By Region 2018 to 2022

TABLE 32: Global Passenger Car Segment Market Share, By Region 2023 to 2033

TABLE 33: Global Passenger Car Segment Y-o-Y, By Region 2022 to 2033

TABLE 34: Global Light Commercial Vehicle Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 35: Global Light Commercial Vehicle Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 36: Global Light Commercial Vehicle Segment Market Share, By Region 2018 to 2022

TABLE 37: Global Light Commercial Vehicle Segment Market Share, By Region 2023 to 2033

TABLE 38: Global Light Commercial Vehicle Segment Y-o-Y, By Region 2022 to 2033

TABLE 39: Global Heavy Commercial Vehicle Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 40: Global Heavy Commercial Vehicle Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 41: Global Heavy Commercial Vehicle Segment Market Share, By Region 2018 to 2022

TABLE 42: Global Heavy Commercial Vehicle Segment Market Share, By Region 2023 to 2033

TABLE 43: Global Heavy Commercial Vehicle Segment Y-o-Y, By Region 2022 to 2033

TABLE 44: Global OEM Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 45: Global OEM Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 46: Global OEM Segment Market Share, By Region 2018 to 2022

TABLE 47: Global OEM Segment Market Share, By Region 2023 to 2033

TABLE 48: Global OEM Segment Y-o-Y, By Region 2022 to 2033

TABLE 49: Global Aftermarket Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2018 to 2022

TABLE 50: Global Aftermarket Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2023 to 2033

TABLE 51: Global Aftermarket Segment Market Share, By Region 2018 to 2022

TABLE 52: Global Aftermarket Segment Market Share, By Region 2023 to 2033

TABLE 53: Global Aftermarket Segment Y-o-Y, By Region 2022 to 2033

TABLE 54: North America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018 to 2022

TABLE 55: North America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023 to 2033

TABLE 56: North America Market Value (US$ Mn) & Volume (‘000 Units), By Type 2018 to 2022

TABLE 57: North America Market Value (US$ Mn) & Volume (‘000 Units), By Type 2023 to 2033

TABLE 58: North America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2018 to 2022

TABLE 59: North America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2023 to 2033

TABLE 60: North America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018 to 2022

TABLE 61: North America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023 to 2033

TABLE 62: North America Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2018 to 2022

TABLE 63: North America Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2023 to 2033

TABLE 64: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018 to 2022

TABLE 65: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023 to 2033

TABLE 66: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Type 2018 to 2022

TABLE 67: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Type 2023 to 2033

TABLE 68: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2018 to 2022

TABLE 69: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2023 to 2033

TABLE 70: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018 to 2022

TABLE 71: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023 to 2033

TABLE 72: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2018 to 2022

TABLE 73: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2023 to 2033

TABLE 74: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018 to 2022

TABLE 75: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023 to 2033

TABLE 76: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Type 2018 to 2022

TABLE 77: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Type 2023 to 2033

TABLE 78: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Component 2018 to 2022

TABLE 79: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Component 2023 to 2033

TABLE 80: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018 to 2022

TABLE 81: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023 to 2033

TABLE 82: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2018 to 2022

TABLE 83: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2023 to 2033

TABLE 84: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018 to 2022

TABLE 85: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023 to 2033

TABLE 86: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Type 2018 to 2022

TABLE 87: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Type 2023 to 2033

TABLE 88: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Component 2018 to 2022

TABLE 89: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Component 2023 to 2033

TABLE 90: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018 to 2022

TABLE 91: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023 to 2033

TABLE 92: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2018 to 2022

TABLE 93: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2023 to 2033

TABLE 94: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018 to 2022

TABLE 95: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023 to 2033

TABLE 96: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Type 2018 to 2022

TABLE 97: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Type 2023 to 2033

TABLE 98: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Component 2018 to 2022

TABLE 99: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Component 2023 to 2033

TABLE 100: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018 to 2022

TABLE 101: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023 to 2033

TABLE 102: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2018 to 2022

TABLE 103: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2023 to 2033

TABLE 104: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Country 2018 to 2022

TABLE 105: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Country 2023 to 2033

TABLE 106: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Type 2018 to 2022

TABLE 107: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Type 2023 to 2033

TABLE 108: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Component 2018 to 2022

TABLE 109: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Component 2023 to 2033

TABLE 110: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2018 to 2022

TABLE 111: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2023 to 2033

TABLE 112: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2018 to 2022

TABLE 113: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Sales Channel 2023 to 2033

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List Of Figures

FIG. 1: Global Market Value (US$ Mn), 2018 to 2022

FIG. 2: Global Market Value (US$ Mn) Forecast, 2023 to 2033

FIG. 3: Global Market Value (US$ Mn) and Y-o-Y, 2022 to 2033

FIG. 4: Global Electric-Hydraulic Caliper System Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 5: Global Electric-Hydraulic Caliper System Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 6: Global Electric-Hydraulic Caliper System Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 7: Global Cable-Pull System Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 8: Global Cable-Pull System Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 9: Global Cable-Pull System Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 10: Global Electronic Control Unit Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 11: Global Electronic Control Unit Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 12: Global Electronic Control Unit Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 13: Global Actuator Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 14: Global Actuator Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 15: Global Actuator Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 16: Global Switch Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 17: Global Switch Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 18: Global Switch Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 19: Global Passenger Car Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 20: Global Passenger Car Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 21: Global Passenger Car Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 22: Global Light Commercial Vehicle Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 23: Global Light Commercial Vehicle Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 24: Global Light Commercial Vehicle Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 25: Global Heavy Commercial Vehicle Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 26: Global Heavy Commercial Vehicle Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 27: Global Heavy Commercial Vehicle Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 28: Global OEM Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 29: Global OEM Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 30: Global OEM Segment Y-o-Y Growth Rate, By Region, 2022 to 2033

FIG. 31: Global Aftermarket Segment Market Value (US$ Mn) By Region, 2018 to 2022

FIG. 32: Global Aftermarket Segment Market Value (US$ Mn) By Region, 2023 to 2033

FIG. 33: North America Market Value (US$ Mn), By Country 2018 to 2022

FIG. 34: North America Market Value (US$ Mn), By Country 2023 to 2033

FIG. 35: North America Market Value (US$ Mn), By Type 2018 to 2022

FIG. 36: North America Market Value (US$ Mn), By Type 2023 to 2033

FIG. 37: North America Market Value (US$ Mn), By Component 2018 to 2022

FIG. 38: North America Market Value (US$ Mn), By Component 2023 to 2033

FIG. 39: North America Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 40: North America Market Value (US$ Mn), By Vehicle Type 2023 to 2033

FIG. 41: North America Market Value (US$ Mn), By Sales Channel 2018 to 2022

FIG. 42: North America Market Value (US$ Mn), By Sales Channel 2023 to 2033

FIG. 43: Latin America Market Value (US$ Mn), By Country 2018 to 2022

FIG. 44: Latin America Market Value (US$ Mn), By Country 2023 to 2033

FIG. 45: Latin America Market Value (US$ Mn), By Type 2018 to 2022

FIG. 46: Latin America Market Value (US$ Mn), By Type 2023 to 2033

FIG. 47: Latin America Market Value (US$ Mn), By Component 2018 to 2022

FIG. 48: Latin America Market Value (US$ Mn), By Component 2023 to 2033

FIG. 49: Latin America Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 50: Latin America Market Value (US$ Mn), By Vehicle Type 2023 to 2033

FIG. 51: Latin America Market Value (US$ Mn), By Sales Channel 2018 to 2022

FIG. 52: Latin America Market Value (US$ Mn), By Sales Channel 2023 to 2033

FIG. 53: Europe Market Value (US$ Mn), By Country 2018 to 2022

FIG. 54: Europe Market Value (US$ Mn), By Country 2023 to 2033

FIG. 55: Europe Market Value (US$ Mn), By Type 2018 to 2022

FIG. 56: Europe Market Value (US$ Mn), By Type 2023 to 2033

FIG. 57: Europe Market Value (US$ Mn), By Component 2018 to 2022

FIG. 58: Europe Market Value (US$ Mn), By Component 2023 to 2033

FIG. 59: Europe Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 60: Europe Market Value (US$ Mn), By Vehicle Type 2023 to 2033

FIG. 61: Europe Market Value (US$ Mn), By Sales Channel 2018 to 2022

FIG. 62: Europe Market Value (US$ Mn), By Sales Channel 2023 to 2033

FIG. 63: Japan Market Value (US$ Mn), By Country 2018 to 2022

FIG. 64: Japan Market Value (US$ Mn), By Country 2023 to 2033

FIG. 65: Japan Market Value (US$ Mn), By Type 2018 to 2022

FIG. 66: Japan Market Value (US$ Mn), By Type 2023 to 2033

FIG. 67: Japan Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 68: Japan Market Value (US$ Mn), By Component 2023 to 2033

FIG. 69: Japan Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 70: Japan Market Value (US$ Mn), By Vehicle Type 2023 to 2033

FIG. 71: Japan Market Value (US$ Mn), By Sales Channel 2018 to 2022

FIG. 72: Japan Market Value (US$ Mn), By Sales Channel 2023 to 2033

FIG. 73: APEJ Market Value (US$ Mn), By Country 2018 to 2022

FIG. 74: APEJ Market Value (US$ Mn), By Country 2023 to 2033

FIG. 75: APEJ Market Value (US$ Mn), By Type 2018 to 2022

FIG. 76: APEJ Market Value (US$ Mn), By Type 2023 to 2033

FIG. 77: APEJ Market Value (US$ Mn), By Component 2018 to 2022

FIG. 78: APEJ Market Value (US$ Mn), By Component 2023 to 2033

FIG. 79: APEJ Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 80: APEJ Market Value (US$ Mn), By Vehicle Type 2023 to 2033

FIG. 81: APEJ Market Value (US$ Mn), By Sales Channel 2018 to 2022

FIG. 82: APEJ Market Value (US$ Mn), By Sales Channel 2023 to 2033

FIG. 83: MEA Market Value (US$ Mn), By Country 2018 to 2022

FIG. 84: MEA Market Value (US$ Mn), By Country 2023 to 2033

FIG. 85: MEA Market Value (US$ Mn), By Type 2018 to 2022

FIG. 86: MEA Market Value (US$ Mn), By Type 2023 to 2033

FIG. 87: MEA Market Value (US$ Mn), By Component 2018 to 2022

FIG. 88: MEA Market Value (US$ Mn), By Component 2023 to 2033

FIG. 89: MEA Market Value (US$ Mn), By Vehicle Type 2018 to 2022

FIG. 90: MEA Market Value (US$ Mn), By Vehicle Type 2023 to 2033

FIG. 91: MEA Market Value (US$ Mn), By Sales Channel 2018 to 2022

FIG. 92: MEA Market Value (US$ Mn), By Sales Channel 2023 to 2033

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- FAQs -

What is the current size of the electric parking brake market?

The global electric parking brake market stands at US$ 1.83 billion in 2023.

What is the predicted growth rate for the global electric parking brake market?

Worldwide demand for electric parking brakes is predicted to surge at a CAGR of 12.4% from 2023 to 2033.

What is the projected size of the global market for 2033?

The market for electric parking brakes is set to hit US$ 5.92 billion by 2033.

What is the estimated valuation of the Chinese market for 2033?

The market in China is forecasted to touch US$ 1.29 billion by 2033.

How fast is the demand for electric-hydraulic caliper systems expected to rise?

Demand for electric-hydraulic caliper systems is poised to increase at a CAGR of 13.1% during the forecast period.

Electric Parking Brake Market

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