As per MRFR analysis, the US Electric Parking Brake Market Size was estimated at 380.16 (USD Million) in 2023. The US Electric Parking Brake Market Industry is expected to grow from 455(USD Million) in 2024 to 3,784 (USD Million) by 2035. The US Electric Parking Brake Market CAGR (growth rate) is expected to be around 21.236% during the forecast period (2025 - 2035).
Key US Electric Parking Brake Market Trends Highlighted
The US Electric Parking Brake Market is experiencing significant growth due to several market drivers. One of the key drivers is the increased focus on vehicle safety and convenience, as electric parking brakes offer enhanced functionality, reducing the risk of accidents related to manual systems. Moreover, the rising adoption of advanced driver-assistance systems (ADAS) is contributing to market growth. Modern vehicles increasingly integrate electric parking brakes with these systems, making them not only a safety feature but also a means to improve overall driving experience in urban environments.
Opportunities in the US market include the rising demand for electric and hybrid vehicles, which often utilize advanced braking systems like electric parking brakes.With government policies favoring the transition to greener transportation, automotive manufacturers are seeking innovative solutions to meet these regulations, thereby driving the demand for electric parking brakes that align with eco-friendly initiatives. Additionally, the increasing popularity of connected cars presents an opportunity for integrating electric parking brakes with smart technologies, enhancing their functionality and appeal.
Trends in recent times show a growing preference for electric parking brakes among consumers, especially as they provide easier operation and space-saving advantages compared to traditional mechanical systems.The US automotive sector is witnessing a shift towards electric powertrains, making electric parking brakes more common in new vehicle models. As automakers continuously work to improve vehicle design and safety, the integration of electric parking brakes into new models is likely to increase, reflecting a significant trend towards modernization in the US automotive industry. Overall, the market is poised for further development with advancements in technology and changing consumer preferences focusing on safety and convenience.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
US Electric Parking Brake Market Drivers
Increase in Vehicle Electrification Trends
The increase in vehicle electrification trends in the United States is significantly impacting the growth of the US Electric Parking Brake Market Industry. As electric vehicles (EVs) gain popularity, the demand for advanced braking systems, including electric parking brakes, is on the rise. The United States saw a dramatic shift toward electric vehicles, with EV sales rising by over 200 percent in recent years according to government reports. Major manufacturers, such as Tesla and General Motors, are integrating electric parking brakes into their EV models due to their compact design and efficiency.This trend towards electrification is projected to proliferate as federal policies, such as the Biden administration's aim to increase EV adoption by offering tax incentives and grants, encourage consumers to opt for electric vehicles, thus further driving the demand for electric parking brakes.
Rising Safety Standards and Regulations
The rising safety standards imposed by regulatory bodies in the United States is another key driver of the US Electric Parking Brake Market Industry. The National Highway Traffic Safety Administration (NHTSA) has been increasingly enforcing stringent safety regulations aimed at reducing the incidence of vehicle roll-away accidents. In 2021, the NHTSA reported over 10,000 injuries related to improper parking, which has led to increased interest among manufacturers to implement electric parking brakes.With growing awareness around vehicle safety, automotive companies are focusing on obtaining safety certifications that require them to use advanced braking systems, hence fuelling market growth in this segment.
Technological Advancements in Automotive Features
Technological advancements in automotive features play a crucial role in the growth of the US Electric Parking Brake Market Industry. Innovations such as automatic braking systems and integrated electronic stability control are leading to a higher adoption rate of electric parking brakes among new vehicle models. Research by the Automotive Industry Association revealed that over 70 percent of newly manufactured vehicles in the United States are now equipped with some form of smart braking technology.This trend is reflective of consumer demand for safer, more efficient, and technologically advanced vehicles, consequently influencing manufacturers to adopt electric parking brakes to stay competitive.
US Electric Parking Brake Market Segment Insights:
Electric Parking Brake Market System Type Insights
The US Electric Parking Brake Market showcases a diverse range of system types that play a crucial role in modern automotive braking solutions. Within this segment, the Cable Pull System is prominent due to its simplicity, reliability, and mechanical advantages, enabling cost-effective vehicle designs without compromising safety. This system not only ensures a steady performance but also allows for easy maintenance and repair, which appeals to both manufacturers and consumers alike. In contrast, Electric-Hydraulic Caliper Systems have gained traction due to their precision and response time, improving vehicle dynamics and control under varying driving conditions.
Their sophisticated design integrates modern technology with hydraulic efficiency, catering to the growing demand for smart and advanced automotive systems. Both types serve as pivotal components in enhancing user safety and driving experience, reflecting the ongoing trends in the automotive industry towards automated functionalities and enhanced vehicle performance. Increasingly stringent safety regulations in the US further bolster the need for robust parking solutions, positioning these system types at the forefront of innovation in braking systems.
As manufacturers increasingly focus on efficiency and performance, understanding the unique advantages of each electric parking brake system type is essential for driving future growth in the US Electric Parking Brake Market. The demand for advanced braking systems is further amplified by the rise of electric and autonomous vehicles, which require advanced technologies to optimize performance and safety. Consequently, automakers are concentrating their efforts on integrating these systems, contributing significantly to the overall evolution of the US automotive industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Parking Brake Market Vehicle Type Insights
The US Electric Parking Brake Market is experiencing notable growth across various vehicle types, mainly categorized into Light Commercial Vehicles, Passenger Vehicles, and Heavy Commercial Vehicles. Light Commercial Vehicles are increasingly adopting electric parking brakes due to the rising need for efficiency and ease of use in urban environments. These vehicles primarily benefit from the advancement of technology that enhances safety and operational convenience. Passenger Vehicles represent a substantial part of the market, driven by consumer preferences for convenience and automated features in personal transportation.
The integration of electric parking brakes in this segment supports the ongoing trend towards electric and hybrid vehicles, which require sophisticated braking systems for enhanced performance. Heavy Commercial Vehicles also play a significant role, where electric parking brakes improve reliability and loading efficiency, crucial for logistics operations across the US. The overall US Electric Parking Brake Market data reflects a shift towards these advanced systems, driven by regulatory support for safety standards and the increasing demand for sustainability in the automotive industry.As the market evolves, the segmentation showcases the importance of each vehicle type in adapting to new technologies, aligning with broader market growth and consumer needs.
US Electric Parking Brake Market Key Players and Competitive Insights:
The US Electric Parking Brake Market is characterized by a highly competitive landscape, driven by advancements in automotive technology, increasing focus on safety features, and the need for enhanced convenience in vehicle operation. As the automotive industry shifts towards electrification and automation, electric parking brakes are gaining traction due to their ability to provide better control and functionality compared to traditional mechanical systems. The market is populated with various players vying to establish robust footprints, fueled by innovation, strategic collaborations, and responsiveness to consumer demands.
The evolving regulatory environment, aiming for stringent safety compliance and emissions reduction, further influences the competitive dynamics within this sector. The interconnected nature of these factors creates a vibrant and continually evolving marketplace where companies strive to outperform each other.In the US Electric Parking Brake Market, Aisin Seiki stands out as a key player with a significant market presence enhanced by its comprehensive range of innovative products that cater to diverse automotive needs.
The company leverages its expertise in mechanical engineering and design to produce high-quality electric parking brake systems that comply with evolving safety regulations and consumer trends. Aisin Seiki’s strengths lie in its commitment to research and development, allowing it to remain at the forefront of technological advancements and customer requirements. The robust supply chain and extensive distribution network established by Aisin Seiki ensure consistent availability and reliability of its products across the US, making it a preferred choice among automakers looking for performance and dependability.
ZF Friedrichshafen is another integral company within the US Electric Parking Brake Market, known for its diverse portfolio of products and services that cater to automotive safety and security. The company delivers advanced systems aimed at improving vehicle dynamics and enhancing driver experience, including cutting-edge electric parking brake solutions. ZF Friedrichshafen’s strength is deeply rooted in its technological prowess and its ability to innovate, which positions it favorably within the competitive landscape.
The company’s proactive approach towards mergers and acquisitions has expanded its reach and product offerings in the US market, allowing it to capture a larger share of the automotive components market. Its targeted strategy in increasing market penetration and customer engagement reveals ZF Friedrichshafen's commitment to excelling in the electric parking brake domain, solidifying its reputation as a trusted supplier within the US automotive industry.
Key Companies in the US Electric Parking Brake Market Include:
US Electric Parking Brake Market Industry Developments
Recent developments in the US Electric Parking Brake Market reflect a growing emphasis on technological advancements and safety features in the automotive sector. Companies such as Aisin Seiki, ZF Friedrichshafen, and Continental are innovating with electric parking brake systems that enhance vehicle performance and ensure compliance with stringent safety regulations. Notably, in July 2023, ZF Friedrichshafen completed the acquisition of a key technology firm, reinforcing its market position and expanding its electric parking brake offerings. In addition, partnerships between manufacturers like Hitachi Astemo and Brembo have emerged, focusing on integrating smart technologies in braking systems, which further indicates a shift towards automation and improved user experience.
The market has witnessed steady growth, bolstered by increased consumer demand for electric vehicles, leading to an expected valuation upswing. The expansion of charging infrastructure and heightened awareness of environmental sustainability are also contributing to this market growth. Key players, including Robert Bosch and Denso Corporation, continue to invest in Research and Development to cater to evolving market expectations and regulatory requirements, highlighting the dynamic landscape of the US Electric Parking Brake Market.
US Electric Parking Brake Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 380.16(USD Million) |
| MARKET SIZE 2024 | 455.0(USD Million) |
| MARKET SIZE 2035 | 3784.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 21.236% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Aisin Seiki, ZF Friedrichshafen, Haldex, TRW Automotive, Continental, Hitachi Astemo, WABCO, Advanex, Kongsberg Automotive, Magna International, Robert Bosch, Denso Corporation, Mando Corporation, Brembo, Dura Automotive Systems |
| SEGMENTS COVERED | System Type, Vehicle Type |
| KEY MARKET OPPORTUNITIES | Growing demand for advanced safety features, Increasing adoption of electric vehicles, Rising consumer preference for automation, Implementation of stringent safety regulations, Expansion of smart city infrastructure |
| KEY MARKET DYNAMICS | Technological advancements, Growing automotive safety regulations, Increasing electric vehicle adoption, Rising demand for space efficiency, Enhanced driver convenience features |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Electric Parking Brake Market is expected to be valued at 455.0 million USD in 2024.
By 2035, the US Electric Parking Brake Market is projected to reach a value of 3,784.0 million USD.
The market is anticipated to grow at a CAGR of 21.236% from 2025 to 2035.
The Electric-Hydraulic Caliper Systems segment is expected to reach a value of 2,524.0 million USD by 2035.
In 2024, the Cable Pull System segment is expected to be valued at 150.0 million USD.
Major players in the market include Aisin Seiki, ZF Friedrichshafen, Haldex, and Continental among others.
Increasing demand for advanced vehicle technology and safety features are primary growth drivers for the market.
Challenges may include high manufacturing costs and the need for regulatory compliance in safety standards.
There are opportunities in the development of innovative braking systems and integration with electric vehicle technologies.
The global economic scenario may affect supply chains and material costs, thus impacting the overall market dynamics.
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Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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