Global Automotive Pedal Market Projected to Reach USD 2,700.00 Million by 2026

19-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Automotive Pedal Market By Pedal Type (Accelerator, Brake, and Clutch), By Vehicle Type (LCV, HCV, and Cars), and Material (Steel, Magnesium, Aluminum, Plastic, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global automotive pedal market in 2019 was approximately USD 1,600.00 Million. The market is expected to grow at a CAGR of around 6.0% and is anticipated to reach around USD 2,700.00 Million by 2026.

Automotive Pedal is basically a lever that is controlled by the foot to control the functions of the car such as the brake. It is one of the most important parts of an automobile as it leads to controlling the acceleration of the vehicle at the correct time. Automotive pedals are located in the driver cabin of the vehicle, beneath the dashboard, for operating the brake, accelerator, and clutch of the vehicle. Pedals are further connected to the respective systems in order to actuate those systems as desired. Stepping on the installed pedals actuates the systems. These pedals are used to control the power and speed of the car the accelerator, the foot brake, and the clutch.

Browse the full “Automotive Pedal Market By Pedal Type (Accelerator, Brake, and Clutch), By Vehicle Type (LCV, HCV, and Cars), and Material (Steel, Magnesium, Aluminum, Plastic, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/automotive-pedal-market-pedal-type-accelerator-brake-and-811

A significant increase in the demand for automatic vehicles in the past years is one of the key factors fueling the growth of the global automotive pedal market. Consumer preferences have increased towards automatic vehicles coupled with increasing disposable income and growing urbanization. This has led to the high production of vehicles to meet the rising indigenous demand and increasing export. The global automotive pedal market is expected to grow owing to the increase in the demand for manual transmission vehicles in the last few years by key players. The arrival of autonomous vehicles is considered as an alternative to automotive pedals that may hamper the market’s growth. Research and development, innovations activities in the technology of the automotive pedal, and increased investment in automotive industries are anticipated to open new avenues for the automotive pedal market in the near future.

On the basis of pedal type, the global automotive pedal market is segmented as an accelerator, brake, and clutch. Which brake segment accounted for the major revenue share in the global automotive pedal market in 2019? The innovation in the brake segment in recent years is expected to positively impact segment growth. In 2019, the brake segment accounted for around 40.0% of the global automotive pedal industries.

On the basis of vehicle type, the global automotive pedal market is categorized into LCV, HCV, and cars. Among the aforementioned segment, the car segment accounted for more than 60.0% of revenue share in 2019. The car segment is anticipated to account for a prominent share of the automotive pedals market owing to the higher production of cars in the upcoming years. The growth in the automotive in the past few years has increased the demand for automotive pedals in the cars sector.

On the basis of the material, the global automotive pedal market is categorized into steel, magnesium, aluminum, plastic, and others. Among the aforementioned segment, the steel segment accounted for more than 70.0% of revenue share in 2019. Steel is a leading segment owing to its features, such as high density, high tensile strength, and lifespan.

On the basis of region the automotive pedal market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the Asia Pacific region dominates the automotive pedals market among all the regions followed by Europe in terms of value.

Report Scope

Some of the key players operating in the market include Batz Group, Azusa Engineering, Inc., BRANO GROUP a.s., Bellsonica Corporation, CAVO OTOMOTIVTIC. AND INDUSTRY. Inc., CJ Automotive, FLEX-N-GATE CORPORATION, CTS Corporation, MICO, Inc., KSR International Co., Strong Forge and Fabrication, LLC, Motherson Group., Orscheln Products, among others.

This report segments the global automotive pedal market as follows:

Global Automotive Pedal Market: Pedal Type Analysis

• Accelerator
• Brake
• Clutch

Global Automotive Pedal Market: Vehicle Type Analysis

• LCV
• HCV
• Cars

Global Automotive Pedal Market: Material Analysis

• Steel
• Magnesium
• Aluminum
• Plastic
• Others

Global Automotive Pedal Market: Regional Analysis

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East & Africa

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