Automotive Pedals Market: Trend Scenario and Forecast (2022-2027) Trends, Statistics, Dynamics, Segmentation by Vehicle Type, Material, Pedal Type and Region.

Global Automotive Pedals Market was valued at US$ 2.17 Bn. in 2021. Global Automotive Pedals Market size is estimated to grow at a CAGR of 4.48% over the forecast period.

Automotive Pedals Market Overview:

In passenger and commercial cars, automotive pedals are the system of control rods with foot rests that allow the driver to control acceleration, braking, and gear engagement. Steel, Aluminum, and Composite materials are used to make pedals. Automotive Pedals Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Automotive Pedals Market Dynamics:

The automobile pedals market is influenced by vehicle sales and the frequency with which the pedals are replaced. The global Automotive Pedals Market is expected to increase due to rising sales of electric vehicles in the passenger car and commercial vehicle segments. According to the International Organization of Motor Vehicle Manufacturers, 27 million commercial vehicles were sold in 2019 and 64 million passenger automobiles were sold. OEMs have developed lightweight composites with the same tensile strength as steel pedals as a result of the increasing emphasis on weight reduction by vehicle makers in order to increase fuel efficiency. The usage of aluminum as a substitute for steel pedals in luxury vehicles helps to reduce weight, which is propelling the automotive pedal market forward. The use of aluminum brake and accelerator pedals has revolutionized the customization business, leading to the growth of the worldwide automobile pedal market. Because almost every car has a pedal, the market for large car footswitches is expected to develop at a moderate rate over the next few decades. Furthermore, due to an increase in the installation of automated systems in automobiles, the annual growth of something like the automotive pedals market is likely to slow in the coming quarters. Additionally, the clutch pedal has been removed from automobiles due to the introduction of automated transmission systems. Furthermore, due to the deletion of all pedals in some of these autos, the arrival of autonomous vehicles is projected to have a detrimental influence on the manufacturing pedal sector. Steel is predicted to account for a large percentage of the automotive pedals market due to its high tensile strength and durability. Automotive Pedals Market The automotive pedal industry is switching to aluminum alloys due to their lightweight. Furthermore, car manufacturers are currently reducing the weight of their vehicles in order to enhance fuel efficiency. The Asia Pacific is predicted to account for a significant portion of the worldwide automobile pedal market, owing to the continent's relatively high vehicle manufacturing. The presence of countries such as China and India in the region is a crucial factor in the country's large stake. Nonetheless, the country's automobile manufacturing sector is expected to be stymied by an increase in client demand for automated automobiles in the Asia Pacific. Another important market for automobile pedals in Europe, where the majority of residents choose manual gearboxes.

Automotive Pedals Market Segment Analysis:

Market Share of Automotive Pedals by Vehicle Type: MMR has divided the automotive pedal market into three categories: passenger cars, light commercial vehicles, and medium and heavy commercial vehicles. Over the next five years, the passenger car is likely to remain the largest segment of the market. The major elements underlying its domination include changes in consumer behavior, such as a preference for personal automobiles over public transportation, increasing motorization rate, and a relatively greater output of passenger cars than commercial vehicles. In the passenger automobile segment, the SUV is the most appealing body form. Automotive Pedals Market Market Share of Automotive Pedals by Pedal Type: The vehicle pedal market is divided into three categories: accelerator pedal, brake pedal, and clutch pedal. In the coming years, the accelerator pedal is expected to maintain its market domination. Metal accelerator pedals are manufactured using the casting and stamping processes, while composite accelerator pedals are manufactured using the injection molding technique. Brake Pedal segment holds 39% market share in 2021 owing to increasing vehicle halting needs and increasing technological adoption by key players in the market are the key factors driving the market growth. Technological adoptions including leaf technology by Nissan and new pedals material used by prominent players are the key factors driving the pedal segment. Market Share of Automotive Pedals by Material Type: Steel pedals, aluminum pedals, and composite pedals are the three types of materials used on the market. During the projected period, steel is expected to maintain its dominance, while composite is expected to develop at the fastest rate. Steel is the most commonly used material in all three types of pedals (accelerator, brake, and clutch), owing to its many advantages, including high yield strength, ductility, ease of manufacture, availability, and low cost. Nissan E leaf: case Study: At the present, Nissan looks to be teasing various features on a near-weekly basis. The latest innovation is the e-Pedal, which is described as a groundbreaking technology that will change the way we drive in the future, according to the manufacturer. Technology will transform the new Leaf's accelerator into an e-Pedal that will allow the driver to accelerate, decelerate, and come to a complete stop with nothing more sophisticated than the flip of a button. Nissan's technology will be the world's first one-pedal vehicle operation system, allowing drivers to bring the vehicle to a complete stop, stay in position, and then resume driving instantly. It's estimated that the e-Pedal can fulfill up to 90% of driving needs, which is an intriguing and exciting proposal that could transform the way we interact with our automobiles. During city commutes and heavy traffic, the e-Pedal will drastically eliminate the need for the driver to shift from one pedal to the other, making driving simpler and more entertaining. Of course, one-pedal driving isn't entirely new; the BMW i3 has excellent regeneration, allowing drivers to use largely one foot, and other EVs with braking modes have the same capability. The Nissan system, on the other hand, appears to push the notion further than we've seen thus far.

Automotive Pedals Market Regional Insights:

Over the next five years, Asia-Pacific is likely to continue to be the largest market. China, Japan, and India are the region's most important markets. In the next five years, China will continue its insurmountable advantage in the region. After the COVID-19 epidemic was contained, the Chinese car sector showed signs of rapid recovery. After resuming OEM and tier player manufacture, Japan and South Korea have also been rebounding. The greatest market for passenger cars and M&HCVs is Asia-Pacific, while North America is the workhorse for LCVs. Economic downturns had already left their mark on new car production in the previous two years, causing the automobile industry to struggle. Even growing markets like China and India, which have a long way to go before reaching market saturation, saw a significant drop in vehicle manufacturing in the previous year. The year 2020 was expected to mend the wounds that automakers had suffered in 2019, but the breakout of COVID-19 has broken industry stakeholders' dreams and is causing a disturbing environment across regions. The automotive pedal market is primarily reliant on the automotive industry's organic growth and typically follows in the footsteps of automobile manufacturing. The objective of the report is to present a comprehensive analysis of the global Automotive Pedals Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Automotive Pedals Market dynamic, structure by analyzing the market segments and projecting the Automotive Pedals Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Pedals Market make the report investor’s guide.

Automotive Pedals Market Scope: Inquiry Before Buying

Automotive Pedals Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 59.95 Bn.
Forecast Period 2022 to 2027 CAGR: 4.48% Market Size in 2027: US $ 89.37 Bn.
Segments Covered: by Vehicle Type • Passenger Cars • Light Commercial Vehicles • Heavy Commercial Vehicles
by Pedal Type • Accelerator • Brake • Clutch
by Material • Steel • Aluminum • Magnesium • Plastic • Others

Automotive Pedals Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Automotive Pedals Market Key Players

• Continental AG (Germany) • DENSO CORPORATION. (Japan) • F.TECH Inc. (Japan) • KSR International Inc. (UK) • CTS Corporation (USA) • Toyoda Iron Works (Japan) • Shanghai Kaizhong Materials Science and Technology Co., Ltd. (China) • Yorozu Corporation (Japan) • Chiyoda Industries Co. Ltd. (Japan) • Enoki Corporation (Japan) • ZF Friedrichshafen AG (Germany) • WocoIndustrietechnik GmbH (Germany) • F&P America Mfg., Inc. (USA) • Dura Automotive LLC. (India) Frequently Asked Questions: 1] What segments are covered in the Global Automotive Pedals Market report? Ans. The segments covered in the Automotive Pedals Market report are based on Vehicle Type, Material, Pedal Type 2] Which region is expected to hold the highest share in the Global Automotive Pedals Market? Ans. The Asia Pacific region is expected to hold the highest share in the Automotive Pedals Market. 3] What is the market size of the Global Automotive Pedals Market by 2027? Ans. The market size of the Automotive Pedals Market by 2027 is expected to reach US$ 2.82 Bn. 4] What is the forecast period for the Global Automotive Pedals Market? Ans. The forecast period for the Automotive Pedals Market is 2022-2027. 5] What was the market size of the Global Automotive Pedals Market in 2021? Ans. The market size of the Automotive Pedals Market in 2021 was valued at US$ 2.17 Bn.
1. Global Automotive Pedals Market Size: Research Methodology 2. Global Automotive Pedals Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Automotive Pedals Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Pedals Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Automotive Pedals Market Size Segmentation 4.1. Global Automotive Pedals Market Size, by Vehicle Type(2022-2027) • Passenger Cars • Light Commercial Vehicles • Heavy Commercial Vehicles • Two-Wheelers 4.2. Global Automotive Pedals Market Size, by Pedal Type (2022-2027) • Accelerator • Brake • Clutch 4.3. Global Automotive Pedals Market Size, by Material (2022-2027) • Steel • Aluminum • Magnesium • Plastic • Others 5. North America Automotive Pedals Market (2022-2027) 5.1. North America Automotive Pedals Market Size, by Vehicle Type(2022-2027) • Passenger Cars • Light Commercial Vehicles • Heavy Commercial Vehicles • Two-Wheelers 5.2. North America Automotive Pedals Market Size, by Pedal Type (2022-2027) • Accelerator • Brake • Clutch 5.3. North America Automotive Pedals Market Size, by Material (2022-2027) • Steel • Aluminum • Magnesium • Plastic • Others 5.4. North America Automotive Pedals Market, by Country (2022-2027) • United States • Canada • Mexico 6. European Global Automotive Pedals Market (2022-2027) 6.1. European Global Automotive Pedals Market, by Vehicle Type(2022-2027) 6.2. European Global Automotive Pedals Market, by Pedal Type (2022-2027) 6.3. European Global Automotive Pedals Market, by Material (2022-2027) 6.4. European Global Automotive Pedals Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Global Automotive Pedals Market (2022-2027) 7.1. Asia Pacific Global Automotive Pedals Market, by Vehicle Type(2022-2027) 7.2. Asia Pacific Global Automotive Pedals Market, by Pedal Type (2022-2027) 7.3. Asia Pacific Global Automotive Pedals Market, by Material (2022-2027) 7.4. Asia Pacific Global Automotive Pedals Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Global Automotive Pedals Market (2022-2027) 8.1. The Middle East and Africa Global Automotive Pedals Market, by Vehicle Type(2022-2027) 8.2. The Middle East and Africa Global Automotive Pedals Market, by Pedal Type (2022-2027) 8.3. The Middle East and Africa Global Automotive Pedals Market, by Material (2022-2027) 8.4. The Middle East and Africa Global Automotive Pedals Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Global Automotive Pedals Market (2022-2027) 9.1. South America Global Automotive Pedals Market, by Vehicle Type(2022-2027) 9.2. South America Global Automotive Pedals Market, by Pedal Type (2022-2027) 9.3. South America Global Automotive Pedals Market, by Material (2022-2027) 9.4. South America Global Automotive Pedals Market, by Country (2022-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Continental AG (Germany) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. DENSO CORPORATION. (Japan) 10.3. F.TECH Inc. (Japan) 10.4. KSR International Inc. (UK) 10.5. CTS Corporation (USA) 10.6. Toyoda Iron Works (Japan) 10.7. Shanghai Kaizhong Materials Science and Technology Co., Ltd. (China) 10.8. Yorozu Corporation (Japan) 10.9. Chiyoda Industries Co. Ltd. (Japan) 10.10. Enoki Corporation (Japan) 10.11. ZF Friedrichshafen AG (Germany) 10.12. WocoIndustrietechnik GmbH (Germany) 10.13. F&P America Mfg., Inc. (USA) 10.14. Dura Automotive LLC. (India)

About This Report

Report ID 82707
Category Automotive and Transportation
Published Date February 2021
Updated Date Mar 2022
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