Press release
Automotive Pedals Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Automotive Pedals
What Is the Projected Growth of the Automotive Pedals Market?
The market size for automotive pedals has seen a robust expansion in the preceding years. Its growth is projected to escalate from $2.41 billion in 2024 to $2.54 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.3%. Factors such as the escalating growth of the automotive industry, rising vehicle manufacturing, consumer inclination towards manual transmission, replacement and aftermarket sales, plus the internationalization of automotive supply chains, have contributed to its growth during the historic period.
In the coming years, the automotive pedals market is set to experience consistent expansion. The market worth is projected to rise to $3.02 billion in 2029, with a compound annual growth rate (CAGR) of 4.4%. Several factors will drive this growth during the forecast period, including a shift towards electric and self-driving vehicles, the incorporation of cutting-edge sensor technologies, a focus on lightweight materials and driver comfort through ergonomic design, as well as customization and aesthetic preferences. Key trends to look out for in this period include the creation of intelligent pedals with integrated sensors, the roll-out of brake-by-wire systems, prioritization of lightweight and ergonomic pedal designs, adoption of adjustable pedal systems, and the inclusion of biometric sensors in accelerator pedals.
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What Are the Different Automotive Pedals Market Segments?
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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What Are the Primary Drivers Shaping the Automotive Pedals Market?
The automotive pedals market is set to thrive as a result of the surging demand for commercial vehicles. These vehicles, which are primarily used for business activities, such as transportation of goods or passengers for commercial gain, heavily rely on automotive pedals for efficient operational control of acceleration, braking, and clutch functions. By way of example, the European Automobile Manufacturers Association, a Belgium-based professional body that represents European car, truck, and bus manufacturers, stated in July 2023 that new commercial vehicle registrations in the European Union (EU) had increased by 11.2% for vans (totaling 730,969), 20% for trucks (amounting to 179,508), and 15% for buses (tallying 14,781) during the first half of 2023 as compared with totals of 657,180 vans, 149,595 trucks, and 12,857 buses registered over the same period in 2022. Hence, the escalating demand for commercial vehicles is spurring growth in the market for automotive pedals. Automotive Pedals Market Driver: Surge in Road Accidents Added to the Growth of Automotive Pedals Market
Which Companies Are Leading in the Automotive Pedals Market?
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
What Trends Are Expected to Dominate the Automotive Pedals Market in the Next 5 Years?
In efforts to boost vehicle safety and augment driver control, leading companies in the automotive pedals market are focusing on the development of novel products, such as brake pedal position sensors. These are devices that track the position and the movement of the brake pedal, transmitting live data to the vehicle's control mechanisms. For example, in October 2024, Melexis, an engineering company from Belgium that focuses on microelectronics, debuted MLX90424. This is a brake pedal position sensor that is equipped with a built-in wake-up function, effectively enhancing automotive safety and efficacy. The state-of-the-art sensor is designed to offer precise linear displacement measurements of up to 30mm (millimeters) and can be directly powered by a 12V (volts) battery. This eliminates the need for extra regulators, therefore simplifying automotive system architectures and bringing down component expenses. The sensor fuses two position-sensing integrated circuits (ICs) and a wake-up switch into a singular compact package, making the assembly procedure more efficient compared to the conventional systems that require separate sensors and switches.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Pedals Market?
2. What is the CAGR expected in the Automotive Pedals Market?
3. What Are the Key Innovations Transforming the Automotive Pedals Industry?
4. Which Region Is Leading the Automotive Pedals Market?
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