Electric Parking Brake Market to Reach USD 9.6 Billion by 2032 at...

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2026-03-31 13:24:19

Electric Parking Brake Market to Reach USD 9.6 Billion by 2032 at 12.1% CAGR Driven by Rising EV Adoption

The global Electric Parking Brake market was valued at USD 3.9 billion in 2023 and is projected to reach USD 9.6 billion by 2032, registering a CAGR of 12.1% from 2024 to 2032. In 2023, the market expanded 11.4% YoY, driven by a 24.7% increase in electric vehicle (EV) sales, 18.3% growth in passenger vehicle production, and a 21.5% rise in automotive electronics investments globally....

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