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Automotive Pedal Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
The automotive pedal market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire automotive pedal market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the automotive pedal industry. The report analyzes and declares the historical and current trends analysis of the automotive pedal industry and subsequently recommends the projected trends anticipated to be observed in the automotive pedal market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the China automotive pedal market is set to grow annually at a rate of around 8.0%
- It was established through primary research that the China automotive pedal market was valued at more than USD 500.00 million in 2019
- The robust industrialization in China is supposed to display the highest growth in the regional market as it is one of the developed economies.
- An increase in the automotive sector is supposed to fuel market growth. Companies are supposed to invest in R&D to innovate better products. Product invention will open new opportunities for the automotive pedal and thus is expected to propel the industry demand in the upcoming years.
- The “Brake” category, on the basis of pedal type segmentation, was the leading category in terms of revenue accounting for around 40.0% share, in 2019.
- The “Cars” category, on the basis of vehicle type segmentation, was the leading revenue-generating category accounting for more than 60.0% share, in 2019.
- The “Steel” category, on the basis of sales channel segmentation, was the leading revenue-generating category accounting for more than 70.0% share, in 2019.
Key Recommendations from Analysts
- There is a huge demand for cars in developing regions such as the Asia Pacific, which is driving the automotive pedal industry in the regions.
- Asia Pacific region is anticipated to have a larger share of the automotive pedal market in the upcoming years.
- China's automotive pedal market is anticipated to rise at the highest rate between 2020 and 2026.
- Growing at a CAGR of around 8.0%, China's automotive pedal and mining market provides numerous opportunities for all of the involved stakeholders across the entire value chain
- Our analysts have identified “Brakes”, “Cars”, and “Steel” categories as the leading investment pockets for China's automotive pedal market in terms of pedal type, vehicle type, and material segmentations respectively
Global Automotive Pedal Market Revenue Share – By Vehicle Type
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the automotive pedal industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the automotive pedal industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the automotive pedal market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the automotive pedal industry. The automotive pedal market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the automotive pedal sector. Key strategic developments in the automotive pedal market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the automotive pedal market are appropriately highlighted in the report.
The global automotive pedal market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for cars and passenger vehicles is likely to act as a key driver of the global automotive pedal market.
The automotive pedal market research report delivers an acute valuation and taxonomy of the automotive pedal industry by practically splitting the market on the basis of different pedal types, vehicle types, materials, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the automotive pedal industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the automotive pedal industry is provided for the leading economies of the world.
The automotive pedal market is segmented based on pedal type, vehicle type, and material. On the basis of pedal type segmentation, the market is classified into accelerator, brake, and clutch. In terms of vehicle type segmentation, the market is bifurcated into LCV, HCV, and cars. In terms of material segmentation, the market is bifurcated into steel, magnesium, aluminum, plastic, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,600.00 Million |
Projected Market Size in 2026 |
USD 2,700.00 Million |
CAGR Growth Rate |
6.0% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
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. |
Key Segment |
By Pedal Type, By Vehicle Type, By End-User, By Material, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the essential players operating in the automotive pedal market, but not restricted include:
- Batz Group
- Azusa Engineering Inc.
- BRANO GROUP a.s.
- Bellsonica Corporation
- CAVO OTOMOTIV TIC. 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
The taxonomy of the automotive pedal industry by its scope and segmentation is as follows:
Pedal Type Analysis
- Accelerator
- Brake
- Clutch
Vehicle Type Analysis
- LCV
- HCV
- Cars
Material Analysis
- Steel
- Magnesium
- Aluminum
- Plastic
- Others
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Batz Group
- Azusa Engineering Inc.
- BRANO GROUP a.s.
- Bellsonica Corporation
- CAVO OTOMOTIV TIC. 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
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