Electronic Parking Brake System Market Size Share

The study involved four major activities in estimating the current size of the electronic parking brake (EPB) system market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step involved validating these findings and assumptions and sizing them with industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Table of Contents

Secondary Research

In the secondary research process, various secondary sources were used to identify and collect information on the electronic parking brake system market for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles from recognized authors; directories; databases; and articles from recognized associations and government publishing sources.

Primary Research

Extensive primary research was conducted after understanding the electronic parking brake system market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (OEMs) and supply (electronic parking brake manufacturers and component manufacturers) sides across major regions, namely, North America, Europe, and the Asia Pacific. Approximately 35% and 65% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews.

In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primary interviews. This, along with the opinions of in-house subject matter experts, led to the findings described in the remainder of this report.

Electronic Parking Brake System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value and volume of the electronic parking brake market and other dependent submarkets, as mentioned below:

The market size was derived by collecting production/sales of vehicles equipped with EPB through association and paid databases.
Key players in the electronic parking brake system market were identified through secondary research, and their global market share was determined through primary and secondary research.
The research methodology included the study of annual and quarterly financial reports, regulatory filings of major market players, and interviews with industry experts to gain detailed market insights.
All major penetration rates, percentage shares, splits, and breakdowns for the electronic parking brakes market were determined through secondary sources and verified through primary sources.
All key macroindicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.

Electronic Parking Brake System Market : Top-Down and Bottom-Up Approach

Data Triangulation

All percentage shares, splits, and breakdowns were determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Market Definition

According to the National Highway Traffic Safety Administration (NHTSA), an EPB “differs from the traditional mechanical parking brake mainly by the command used in applying the brake and the way the applied force is transmitted to the disc brakes.” An EPB “can be engaged or disengaged by pushing a button fitted in the console.” When the “electronic control unit (ECU) which manages the system receives an input command from the console mounted button, [it] gives a signal to the electric motors (one for each rear disc or an alternate, one motor for both rear discs). The motors then apply the brake force via the calipers on the discs.”

Stakeholders

Associations, Forums, and Alliances Related to Electronic Parking Brake
Automobile Manufacturers
Automotive Component Manufacturers
Automotive Investors
Automotive Software Manufacturers and Providers
Brake Manufacturers
Brake Components Manufacturers
Companies Operating in the Autonomous Vehicle Ecosystem
Distributors and Retailers
Brake System Distributors and Retailers
Government Agencies and Policy Makers
Original Equipment Manufacturers
Raw Material Suppliers for EPB or Components
Technology Providers
Transport Authorities
Technology Providers

Report Objectives

To segment and forecast the electronic parking brake (EPB) market in terms of volume (thousand units) and value (USD million)
To define, describe, and forecast the electronic parking brake market based on vehicle type, vehicle class, EPB type, component, EV type, sales channel, and region
To segment and forecast the market size by volume based on vehicle type (passenger car and commercial vehicle)
To segment and forecast the market size by volume and value based on vehicle class (entry level, mid-sized, and premium)
To segment and forecast the market size by volume and value based on EPB type (cable-pull, electric-hydraulic caliper, brake-by-wire system)
To segment and forecast the market size by volume based on components (electronic control units, actuators, switches, and others)
To segment and forecast the market size by volume and value based on EV type (BEV and PHEV)
To segment and forecast the market size by volume based on sales channel (OEM and aftermarket)
To forecast the market size with respect to key regions: Asia Pacific, Europe, and North America
To analyze technological developments impacting the market
To provide detailed information about the major factors influencing market growth (drivers, challenges, restraints, and opportunities)
To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
To study the following concerning the market
- Supply chain analysis
- Ecosystem analysis
- Technology analysis
- HS code
- Case study analysis
- Patent analysis
- Regulatory landscape
- Key stakeholders and buying criteria
- Key conferences and events
- Impact of Generative AI
To estimate the following with respect to the market:
- Pricing analysis
- Market share analysis
To strategically profile key players and comprehensively analyze their market shares and core competencies
To track and analyze competitive developments, such as deals, product launches and developments, and expansions, carried out by key industry participants