Press release
Automotive Electronic Parking Brake System (EPB) Market Key Players: ZF Group, KUSTER, Continental Teves, Bosch
Automotive Electronic Parking Brake System (EPB) MarketThe EPB integrated system is based on an Electronic Control Unit (ECU) and an actuator mechanism. The brake caliper itself provides a connection between the hydraulic actuation of the foot brake and electrically actuated parking brake. The holding mechanism is activated by the driver via a button, which in turn makes brake pads electrically apply onto the rear brakes. The parking brake is operated by the actuator, which is screw-fixed directly to the brake caliper housing, and actuated via a switch in the vehicle interior. That eliminates the need for hand brake lever and cables, providing multiple advantages such as greater room inside the vehicle, simpler installation of EPB on vehicles, prevention of issues related to mechanical wear or temperature problems. All this ultimately results in brake power improvement in all conditions.
The global Automotive Electronic Parking Brake System (EPB) market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Automotive Electronic Parking Brake System (EPB) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Automotive Electronic Parking Brake System (EPB) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
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The key global companies of Automotive Electronic Parking Brake System (EPB) include ZF Group, KUSTER, Continental Teves, Bosch, Mando, Bethel Automotive Safety Systems, Zhejiang Asia Pacific Electromechanical, Zhejiang Libang Hexin and Advics (Aisin), etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Automotive Electronic Parking Brake System (EPB), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Electronic Parking Brake System (EPB).
The Automotive Electronic Parking Brake System (EPB) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automotive Electronic Parking Brake System (EPB) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Electronic Parking Brake System (EPB) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• ZF Group
• KUSTER
• Continental Teves
• Bosch
• Mando
• Bethel Automotive Safety Systems
• Zhejiang Asia Pacific Electromechanical
• Zhejiang Libang Hexin
• Advics (Aisin)
Segment by Type
• Cable Puller Type EPB
• Independent EPB
• Integrated EPB
Segment by Application
• Sedans
• SUVs
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