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    Automotive Pedal Market Size, Share & Forecast (2018-2023)

    Automotive Pedal Market Size, Share & Forecast (2018-2023)
    Report code - SRTI139 Published On : Sep,2018 No. of Pages: 239

    Automotive Pedal Market Size, Share, Trend, Forecast, & Competitive Analysis: 2018- See more...

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    Automotive Pedal Market Insights

    The global automotive pedal market size is projected to offer an impressive growth opportunity and is likely to reach an estimated value of US$ 2,254.2 million in 2023. Organic growth in automobile production owing to increasing disposable income and growing urbanization, increasing global automotive fleet size, stringent government regulations regarding reducing carbon emission reductions, such as CAFÉ Standards, and increasing demand of lightweight pedals are some of the major growth drivers of the automotive pedal market.

    Automotive Pedal Market Forecast

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    The automotive industry has been experiencing various technological advancements targeting vehicle performance, passenger safety, and enhancement of fuel efficiency. Most of the parts in modern vehicles are equipped with electronic components. For instance, accelerator pedal no longer operates mechanically or via a cable linkage, rather a sensor is deployed in it to measure the position of the pedal and it transfers the data to ECU to adjust throttle elements.

    Another trend that is impacting market is a growing shift from traditional metal pedals to lightweight pedals in order to reduce the weight of the pedal assembly, which contribute towards overall weight reduction and improvement in fuel economy. Glass fiber-reinforced polyamides are gaining traction market.

    Automotive Pedal Market Share Analysis

    Automotive Pedal Market Forecast

    Insights by Vehicle Type

    The market is segmented based on the vehicle type as Passenger Car, LCV, and M&HCV. Passenger car is expected to remain the growth engine of the market during the forecast period. High production of cars across regions, especially SUVs and hatchbacks, increasing demand for lightweight composite pedals, and continuous advancements in the pedal technology are driving the demand for pedals in the passenger car segment.

    Insights by Type of Materials

    Based on the material type, the market is segmented as steel, aluminum, and composites. Steel is expected to remain the dominant material type in the market during the forecast period, whereas composite is expected to witness the highest growth in the same period. Increasing demand for lightweight materials in the automotive industry that can contribute automakers to achieve a greater fuel efficiency or to reduce carbon emissions is driving the demand for composite pedals.

    Insights by Manufacturing Process Type

    Based on the manufacturing process type, the market is segmented as stamping, casting, injection molding, and others. Stamping process is expected to remain dominant process type in the automotive pedal market during the forecast period, whereas the injection molding process is expected to witness a higher growth during the same period.

    Regional Insights

    In terms of regions, Asia-Pacific is expected to remain the largest automotive pedal market during the forecast period, driven by high production of vehicles to meet the rising indigenous demand and increasing export. China, Japan, and India would remain the growth engines of the Asia-Pacific’s automotive pedal market in the foreseen future.

    Key Players

    The supply chain of this market comprises raw material suppliers, pedal manufacturers, automotive OEMs, and dealers. The key automotive pedal manufacturers are F-Tech, KSR International, CTS Corporation, Toyoda Iron Works, Shanghai Kaizhong Material Science & Technology, Batz, S. Coop., and Bellsonica Corporation. Development of lightweight and more-efficient pedals and formation of strategic alliances with OEMs and material suppliers are the key strategies adopted by the major players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Automotive Pedal is basically a lever that is controlled by the foot to control the functions of the car such as brake. It is one of the most important parts of an automotive as it leads to controlling the acceleration of the vehicle at the correct time.

    Automotive Pedal is manufactured of a number of options such as aluminum, steel, and also composites. Stamping, injection molding, casting, and many other processes are used in order to manufacture the automotive pedal.

    Research Scope

    Trend & Forecast Period

    2012-2023

    Size in 2023

    US$ 2,254.2 million

    Forecast

    4.0 % CAGR during 2018-2023

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, Italy, Russia, China, Japan, India, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Pedal Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car
    • Light Commercial Vehicle
    • Medium- & Heavy-Duty Commercial Vehicle

    Automotive Pedal Market Size, Share & Forecast by Pedal Type:

    • Accelerator Pedal
    • Brake Pedal
    • Clutch Pedal

    Automotive Pedal Market Size, Share & Forecast by Material Type:

    • Steel Pedals
    • Aluminum Pedals
    • Composite Pedals

    Automotive Pedal Market Size, Share & Forecast by Process Type:

    • Stamping
    • Casting
    • Injection Molding
    • Others

    Automotive Pedal Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Italy, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Features

    This report, from Stratview Research, studies the pedal market in the automotive industry over the trend period 2012 to 2017 and the forecast period 2018 to 2023 both in terms of value and units. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    A birds eye view of the Automotive Pedal Market

    What will be the size of the Automotive Pedal Market in the foreseeable years?

    Driven by a number of factors like organic growth in automobile production owing to increasing disposable income and growing urbanization, the automotive pedal market size is projected to reach an estimated value of US$ 5.2 billion in 2023.

    Which country/region is expected to be the largest Automotive Pedal Market?

    Asia-Pacific is expected to remain the largest automotive pedal market during the forecast period, driven by high production of vehicles to meet the rising indigenous demand and increasing export.

    Which type of material is expected to remain dominant?

    Steel is expected to remain the dominant material type in the market during the forecast period.

    Who are the key players in the Automotive Pedal Market?

    F-Tech, KSR International, CTS Corporation, Toyoda Iron Works, Shanghai Kaizhong Material Science & Technology, Batz, S. Coop., and Bellsonica Corporation. are among the key players in the Automotive Pedal Market.

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