Press release
Automotive Pedals Market Report 2024 - Automotive Pedals Market Demand And Size By 2033
Automotive Pedals Market
According to The Business Research Company's, The automotive pedals market size has grown strongly in recent years. It will grow from $2.27 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to automotive industry growth, increasing vehicle production, consumer preferences for manual transmission, replacement and aftermarket sales, globalization of automotive supply chains..
The automotive pedals market size is expected to see steady growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to shift towards electric and autonomous vehicles, integration of advanced sensor technologies, focus on lightweight materials, ergonomic design for driver comfort, customization and aesthetic preferences.. Major trends in the forecast period include development of smart pedals with sensor integration, introduction of brake-by-wire systems, focus on lightweight and ergonomic pedal designs, adoption of adjustable pedal systems, integration of biometric sensors in accelerator pedals.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-pedals-global-market-report
Market Drivers and Trends:
The increasing demand for commercial vehicles is expected to propel the growth of the automotive pedals market going forward. Commercial vehicles are automobiles primarily used for business purposes, such as transporting goods or passengers for profit. Automotive pedals are essential components in commercial vehicles as they facilitate control over acceleration, braking, and clutch functions for safe and efficient operation. For instance, in July 2023, according to the European Automobile Manufacturers Association, a Belgium-based professional body representing the interests of European car, truck, and bus manufacturers, new commercial vehicle registrations in the European Union (EU) were up 11.2% (730,969) for vans, 20% (179,508) for trucks, and 15% (14,781) for buses in the first half of 2023 compared to 657,180 vans, 149,595 trucks, and 12,857 buses in the first half of 2022. Therefore, increasing demand for commercial vehicles is driving the growth of the automotive pedals market.
Major companies operating in the automotive pedals market are focused on developing new automotive pedals for regenerative braking force and to gain a competitive edge in the market. Single-pedal technology streamlines vehicle operation by simplifying acceleration and braking with one pedal. For instance, in July 2021, Toyota Motor Corporation, a Japan-based automotive manufacturer, introduced the Comfort Pedal, a single pedal used for both acceleration and braking, for their newly launched hybrid-only Aqua model. By choosing Power+ Mode, drivers have the ability to produce regenerative braking force by easing off the pressure on the accelerator pedal. This action results in a gradual deceleration of the vehicle. The Comfort Pedal reduces the burden on drivers by decreasing the frequency at which they need to press the accelerator and brake pedals. Comfort Pedal and Power+ Mode are also equipped for all grades, excluding B.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13378&type=smp
Major Key Players of the Market:
Mercedes-Benz Group AG, Honda Motor Co. Ltd., Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, Faurecia SE, Lear Corporation, Samvardhana Motherson International Ltd., Knorr-Bremse AG, HL Mando Corporation, Toyoda Iron Works Co. Ltd., Pacific Industrial Co. Ltd., F.TECH Inc., Yorozu Corporation, Dura Automotive LLC, Mikuni Corporation, CTS Corporation, Shanghai Kaizhong Materials Science and Technology Co. Ltd., Kyung Chang Industrial Co. Ltd., Brano Group A.S., KSR International Inc., BATZ S. COOP. LTDA, F&P America Mfg. Inc., CJ Automotive AB, Bellsonica Corporation
Automotive Pedals Market 2024 Key Insights:
• The Automotive Pedals Market is expected to grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
• Growing Demand for Commercial Vehicles Fuels Expansion in the Automotive Pedals Market
• Introducing New Pedals To Transform Vehicle Operation With Regenerative Braking Force
• Asia-Pacific was the largest region in the automotive pedals market in 2023.
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=13378&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Pedals Market Report 2024 - Automotive Pedals Market Demand And Size By 2033 here
News-ID: 3678821 • Views: …
More Releases from The Business research company
Emerging Trends to Drive Oil And Gas Sensors Market Growth at 5.7% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Oil And Gas Sensors Market Size Growth Forecast: What to Expect by 2025?
The market for oil and gas sensors has been witnessing consistent growth over the last few years. The market value is anticipated to rise from $10.79 billion in 2024 to $11.26 billion in 2025, resulting in…
Global Cancer Burden Propels Dosimeter Market Growth: A Key Catalyst Acceleratin …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Dosimeter Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the dosimeter market has experienced robust growth, and it is projected to expand from $3.15 billion in 2024 to $3.34 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.1%. The…
Soaring Demand Set to Propel Conveyor Belt Market to $6.86 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Conveyor Belt Market Through 2025?
Over the past few years, the size of the conveyor belt market has witnessed a constant increase. The market value, predicted to rise from $5.56 billion in 2024 to $5.68 billion in 2025, is expected to present…
2025-2034 Dehumidifiers Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Dehumidifiers Market Through 2025?
In recent years, there has been a consistent escalation in the size of the dehumidifiers market. The market is predicted to expand from $4.71 billion in 2024 to $4.92 billion in 2025, with a compound annual growth rate…
More Releases for Pedal
Bike Pedal Market is Going to Boom | Major Giants Ritchey, Deda Elementi, Pedal …
HTF MI recently introduced Global Bike Pedal Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market size (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies profiled in Bike Pedal Market are: Shimano, Crankbrothers, Race Face, Time, Look, Mavic, FSA, Cane Creek, Wellgo, SRAM, Speedplay, Pedalforce, Xpedo, VP…
Electronic Piano Foot Pedal Market Size Analysis by Application, Type, and Regio …
USA, New Jersey- According to Market Research Intellect, the global Electronic Piano Foot Pedal market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The electronic piano foot pedal market is poised for steady growth from 2025 to 2032, driven by the increasing adoption of digital pianos…
Electronic Accelerator Pedal Market Size Analysis by Application, Type, and Regi …
USA, New Jersey- According to Market Research Intellect, the global Electronic Accelerator Pedal market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The electronic accelerator pedal market is witnessing significant growth, driven by the increasing adoption of advanced automotive technologies. With the rise in electric vehicles…
Automotive Pedal Motor Market: Increasing Electrification and Automation in Vehi …
Global Automotive Pedal Motor Market Overview:
The Automotive Pedal Motor market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Automotive Pedal Motor market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth…
Accelerator Pedal Sensor Market 2021-2027
The report titled “Accelerator Pedal Sensor Market 2021-2027” provides an exhaustive analysis of key market trends & dynamics along with market estimates & forecasts covering major geographies/countries. Exclusive highlights on factors determining the growth patterns, movement, and market landscape are presented in the report to assist clients with understanding the market growth. A dedicated section on the competitive landscape scrutinizes market share analysis, key developments, strategy framework, and exhaustive profiles…
Control Foot Switches Market Report 2018: Segmentation by Type (Single-Pedal, Do …
Global Control Foot Switches market research report provides company profile for Steute Schaltgerate, Abb, Ametek, Herga Technology, Schmersal, Ssc Controls, Schneider Electric, Stryker, Linemaster, Marquardt, Siemens and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
