Electric Parking Brake Market
Electric Parking Brake Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Electric Parking Brake Market Size and Growth
The Electric Parking Brake (EPB) market is experiencing significant growth, driven by increased vehicle electronics integration and demand for advanced safety features. The global market size is projected to reach approximately $25 billion by 2028, reflecting a robust compound annual growth rate (CAGR) as manufacturers adopt innovative braking technologies.
Companies Covered
(Covid 19 Impact Covered)
◍ ZF
◍ Continental
◍ Chassis Brakes International
◍ Küster
◍ Aisin
◍ Mando
◍ Hyundai Mobis
◍ Zhejiang Libang Hexin
◍ Wuhu Bethel Automotive
◍ Advics (Aisin)
◍ Huayu Automotive Systems
◍ Hitachi Astemo
The Electric Parking Brake Market features companies like ZF, Continental, and Aisin, driving innovation and adoption through advanced technologies. These firms enhance vehicle safety and convenience, propelling market growth. Notable sales revenues include ZF (€39 billion), Continental (€33 billion), and Aisin (€32 billion), underscoring their significant market presence.
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Market Segmentation
By Application
Sedans
SUVs
Others
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By Product
Caliper Integrated EPB
Cable Puller EPB
$ 2.50 Billion
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