Global Automotive Accelerator Pedal Module Market: Introduction
Over the past few years, the automotive industry across the globe has significantly suffered to meet stringent emission standards. With rising awareness, governments across the world are forcing automakers and component manufacturers to step towards ecofriendly automobiles. This has led to an increase in the adoption of lightweight components, which reduce the overall weight of vehicles and increase efficiency. Thus, manufacturers are focused on developing lightweight components such as accelerator pedal modules. The accelerator pedal module is a component that uses sensors to detect the amount of pedal depression and transfer the signal to engine ECU. The ECU reflects the driver’s intention to accelerate the vehicle. The module accurately controls the engine to reduce exhaust emissions without sacrificing the driving performance.
Automotive accelerator pedal modules are available in two different types, suspended pedals and floor mounted pedals.
Global Automotive Accelerator Pedal Module Market: Dynamics
The increasing use of sensor-based accelerators is expected to be a major driving factor for the growth of the automotive accelerator module market during the forecast period. Moreover, the increasing demand for accelerator pedal modules from passenger and commercial vehicle OEMs is also anticipated to give traction to the growth of automotive accelerator pedal module market over the forecast period. The growth of the automotive industry will further add to the growth of market in the near future. Increasing focus on emission standards will force automakers to invest more in R&D to develop products that meet stringent emission standards. These factors are expected to drive the growth of the accelerator pedal module market over the forecast period
Complex design and functional issues are expected to hamper the growth of the automotive accelerator pedal module market over the forecast period.
The shift towards lightweight materials is anticipated to be a latest trend gaining momentum in the automotive accelerator pedal module market over the forecast period. Lightweight materials reduce the overall weight of vehicles, thereby increasing efficiency.
Global Automotive Accelerator Pedal Module Market: Segmentation
The global automotive accelerator pedal module market can be segmented on the basis of product type, vehicle type and sales channel.
By product type, the global automotive accelerator pedal module market can be segmented into:
- Suspended Pedals
- Floor Mounted Pedals
By vehicle type, the global automotive accelerator pedal module market can be segmented into:
- Passenger Cars
- Commercial Vehicles
- LCV (Light Commercial Vehicle)
- HCV (Heavy Commercial Vehicle)
By sales channel, the global automotive accelerator pedal module market can be segmented into:
- OEM (Original Equipment Manufacturers)
Global Automotive Accelerator Pedal Module Market: Regional Outlook
Asia Pacific and North America are expected to witness significant growth in the automotive accelerator pedal module market due to estimated growth in the automotive sector in emerging economics, such as the U.S., China and India over the forecast period. Germany is expected to be the leading automotive and automobile market in Western Europe. Hence, the region is estimated to grow with a substantial CAGR during the forecast period, owing to the high demand for automotive accelerator pedal modules in the growing automotive sector in the region. Latin America, in particular, is projected to upkeep the growth of the accelerator pedal module market due to the growing usage of automotive parking heaters in passenger cars and commercial vehicles in the region. Japan is expected to support the growth of the automotive accelerator pedal module market over the forecast period, owing to the increasing number of automotive manufacturers in this region. The MEA region is expected to witness relatively slow market growth as the region accounts for limited new vehicle production.
Global Automotive Accelerator Pedal Module Market: Key Participants
Examples of some of the market participants identified across the value chain of the global automotive accelerator pedal module market include:
- KSR International Co.
- CTS Corporation
- Robert Bosch GmbH
- Denso Corporation
- ComeSys Ltd.
- HELLA GmbH & Co. KGaA
- Rotary Electronics
- Magna International
- Mikuni Corporation
- F-Tech Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K., Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Benefits of Becoming a Fact.MR Client
- Access to our global market coverage
- Periodic updates on your sector
- Exclusive discounts and offers
- Greater flexibility for customization
- Quick-research assistance for ad-hoc needs
- Access to credible insights Fact.MR analyst interactions
- Access to Fact.MR tools and research to fuel strategy development