The Electric Parking Brake (EPB) Market Growth trajectory, driven by the increasing adoption of advanced automotive safety systems and a shift towards vehicle electrification. According to industry forecasts, The Electric Parking Brake Market Size was valued at USD 2.89 billion in 2023 and is expected to reach USD 10.99 billion by 2032 and grow at a CAGR of...

The global electric parking brake market is projected to expand at an impressive CAGR of 12.4% and end up at a valuation of US$ 5.92 billion by 2033, up from US$ 1.83 billion in 2023. The electric parking brake (EPB) market has experienced remarkable growth as vehicle manufacturers and consumers prioritize safety, convenience, and technological advancements. The market is primarily...