Electronic Parking Brake System Market Size, Share & Trends [2025-2032]
The electronic parking brake system market size was valued at USD 2.51 billion in 2025 and is expected to reach USD 4.70 billion by 2032, at a CAGR of 9.4%, during the forecast period 2025-2032.
Increasing electrification of vehicles, particularly in hybrid and battery-electric models, and growing production of ICE vehicles are creating strong demand for electronic parking brakes, as they...