Automotive Pedal Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026
May 30, 2022
Stratview Research releases a new report on the Automotive Pedal Market that shows lucrative growth opportunities in the global industry during the next five-year period. This report ensures reliable information related to the present and future market trends. The following summary will give an overview of the challenges, dynamics, and more details mentioned in the report.
Automotive Pedal Market Insights:
At this moment, assessing the real impact of the pandemic on the automotive pedal market in the short-term as well as long-term is an extremely challenging task. The pandemic is still spreading, taking the major economies in its grip and deteriorating the market conditions being the automotive industry one of the biggest victims of it. It is difficult to state that when the pandemic would start to fade away. However, based on interviews conducted with the leading market stakeholders coupled with the past industry trends (The Great Recession) suggest that the automotive pedal market is likely to witness recovery from 2021 onwards, with automotive pedal sales reaching close to US$ 2-billion-mark in 2025.
The Automotive Pedal Market size depends upon several factors that have direct or indirect influence on the demand and supply chain. The report published by Stratview Research throws light on the vital extracts of many such factors derived using different types of analysis like supply chain analysis, etc. These methods help in analysing the core strength of the companies, identifying their growth strategies, recognising their gaps as well as opportunities to lay out an effective roadmap which leads to higher profitability.
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Key Players
The report also highlights the topmost linchpins active in the market. According to the list, here are few key players mentioned in the report -
- F.TECH Inc.
- KSR International Inc.
- CTS Corporation
- Toyoda Iron Works
- Shanghai Kaizhong Materials Science and Technology Co., Ltd.
- Yorozu Corporation
- Chiyoda Industries Co. Ltd.
- Enoki Corporation
- ZF Friedrichshafen AG
- Woco Industrietechnik GmbH
- F&P America Mfg., Inc.
- Dura Automotive LLC.
Market Segmentation:
The report segments based upon geographics, demographics, benefits and volume etc., identifies the most attractive segments and sub-segments and have different driving factors. The segmentation mentioned in the report has been arranged in such a way that it can help users to be more efficient in terms of time, investment, and other resources. It also allows the businesses to learn more about their target audience so that they can tailor their strategies, and campaigns in increasing their market share and revenue.
Automotive Pedal Market Share by Pedal Type
Based on the pedal type, the automotive pedal market is segmented as accelerator pedal, brake pedal, and clutch pedal. Accelerator pedal is estimated to maintain its dominance in the market in the years to come. The casting and stamping processes are used for the manufacturing of metal accelerator pedals, whereas the injection molding process is used for the fabrication of composite accelerator pedal.
Automotive Pedal Market Share by Material Type
Based on the material type, the market is segmented as steel pedal, aluminum pedal, and composite pedal. Steel is likely to maintain its dominance during the forecast period, whereas composite is expected to grow at the highest rate during the same period. Steel is the predominantly used material type in all three pedal types (accelerator, brake, and clutch pedal), driven by its several advantages such as high yield strength, high ductility, easily manufactured, easy availability, and low cost.
Regional Insights
In terms of regions, Asia-Pacific is expected to remain the largest market over the next five years. China, Japan, and India are the leading markets in the region. China to maintain its unassailable lead in the region in the coming five years. The Chinese automotive industry reflected a speedy recovery after the control of the COVID-19 outbreak. Japan and South Korea have also been recovering after resuming the production of OEMs and tier players. Asia-Pacific is the largest market for passenger car and M&HCV, whereas North America is the workhorse for LCVs.
Report Customization Options
Stratview Research offers one of the following free customization options to the users along with this detailed report:
Company Profiling
- Detailed brief of additional market players.
- SWOT analysis of key players.
- Competitive Benchmarking
Benchmarking of the market key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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