Press release
Automotive Pedals Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Automotive Pedals Market Size
The surge in commercial vehicles' demand is anticipated to bolster the expansion of the automotive pedals market. Commercial vehicles, which are broadly employed for business-related activities such as profit-driven transportation of goods or passengers, require automotive pedals for efficient control over acceleration, braking, and clutch activities to ensure safety and effectiveness. For instance, as per the figures released by the European Automobile Manufacturers Association, a Belgium-based entity advocating the European car, truck, and bus manufacturers' interests, new commercial vehicle registrations experienced an increase in the first half of 2023 as compared to the first half of 2022 in the European Union (EU). It was reported an increment of 11.2% (730,969) for vans, 20% (179,508) for trucks, and 15% (14,781) for buses as opposed to the previous year's figures of 657,180 vans, 149,595 trucks, and 12,857 buses. Hence, the growing demand for commercial vehicles is contributing to the automotive pedals market's growth. Automotive Pedals Market Driver: Surge in Road Accidents Propels the Growth of the Automotive Pedals Market
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What Is the projected market size and growth rate for the automotive pedals market?
There has been a robust growth in the size of the automotive pedals market in the previous years. The market which was valued at $2.41 billion in 2024, is forecasted to grow to $2.54 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.3%. The surge in growth observed in the historic period is presumably fuelled by an expansion in the automotive industry, growing vehicle output, changing consumer preferences towards manual transmission, sales from replacements and aftermarkets and the global expansion of automotive supply chains.
In the coming years, the automotive pedals market is predicted to experience stable growth, reaching $3.02 billion by 2029, at a compound annual growth rate of 4.4%. The anticipated growth during the forecast period can be linked to the transition to electric and self-driving vehicles, the incorporation of advanced sensor technologies, emphasis on light materials, aesthetics and customization, and driver comfort focused ergonomic design. The forecast period will also see major trends such as the creation of smart pedals with sensor integration, the implementation of brake-by-wire systems, light and ergonomic pedal designs, adjustable pedal systems adoption, and incorporation of biometric sensors in accelerator pedals.
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What trends are poised to drive the future success of the automotive pedals market?
Leading companies in the automobile pedals market are concentrating on the invention of new products, such as brake pedal position sensors, to boost vehicle security and enhance driver command. A brake pedal position sensor is an apparatus that tracks the brake pedal's position and movements, delivering instant data to the vehicle's control systems. For instance, in October 2024, the microelectronics engineering firm from Belgium, Melexis, introduced MLX90424. This is a brake pedal position sensor with an inbuilt wake-up feature that improves vehicle safety and efficacy. This novel sensor is engineered to offer precise linear displacement measurements up to 30mm and can operate directly from a 12V battery, negating the need for extra regulators, therefore simplifying automobile system designs and cutting down the component costs. It merges two position-sensing integrated circuits and a wake-up switch into one condensed package, effectively making the assembly process more efficient than conventional systems requiring separate sensors and switches.
What major market segments define the scope and growth of the automotive pedals market?
The automotive pedals market covered in this report is segmented -
1) By Pedal Type: Accelerator, Brake, Clutch
2) By Material: Steel, Aluminum, Magnesium, Plastic, Other Materials
3) By Application: Passenger Cars, Commercial Vehicles
Subsegments:
1) By Accelerator: Electronic Accelerator Pedals, Mechanical Accelerator Pedals
2) By Brake: Floor-mounted Brake Pedals, Suspended Brake Pedals
3) By Clutch: Hydraulic Clutch Pedals, Cable-Operated Clutch Pedals
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Which region dominates the automotive pedals market?
Asia-Pacific was the largest region in the automotive pedals market in 2024. The regions covered in the automotive pedals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the automotive pedals industry growth?
Major companies operating in the automotive pedals market report are 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
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What Is Covered In The Automotive Pedals Global Market Report?
• Market Size Forecast: Examine the automotive pedals market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive pedals market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive pedals market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive pedals market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive pedals market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive pedals market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive pedals market.
• Competitive Landscape: Review strategic developments in the automotive pedals market, including expansions, agreements, and new product launches.
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