Press release
Key Companies Leading Innovation and Growth in the Automotive Pedals Market
Automotive Pedals Market
Forecasted Growth Trajectory for the Automotive Pedals Market by 2030
The automotive pedals market is projected to expand steadily, reaching a value of $3.05 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 4.1% during the forecast period. Factors driving this expansion include the rapid adoption of electric vehicles, integration of autonomous driving technologies, increased demand for pedal sensors, the trend toward lighter vehicle components, and advancements in smart cockpit designs. Significant market trends anticipated through the forecast span include a shift towards electronic accelerator pedals, use of lightweight materials for pedals, incorporation of drive-by-wire systems, enhancements in ergonomic pedal designs, and rising demand specifically from the electric vehicle segment.
Download a free sample of the automotive pedals market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13378&type=smp
Key Industry Players Dominating the Automotive Pedals Market
The automotive pedals sector features a number of prominent companies shaping the industry landscape. Leading players include 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., and Knorr-Bremse AG. Other notable companies are 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, and Bellsonica Corporation.
Collaborative Innovation in Brake Pedal Sensor Development
In a notable development in September 2024, British American Tobacco (Zambia) Plc formed a partnership with IKERLAN, a Basque technology center, to create a brake pedal sensor for VOLVO cars. This collaboration aims to combine BATZ's expertise in automotive components with IKERLAN's sensor technology skills to meet the stringent safety, reliability, and electronic integration standards required in modern vehicles. IKERLAN, S. Coop is a Spain-based research and technology transfer center specializing in automotive electronics and sensor systems.
View the full automotive pedals market report:
https://www.thebusinessresearchcompany.com/report/automotive-pedals-global-market-report
Future Market Trends Featuring Advanced Pedal Technologies
Leading companies in the automotive pedals market are strongly focused on innovation, especially in developing products like brake pedal position sensors that enhance vehicle safety and driver control. Brake pedal position sensors monitor the brake pedal's movement and position, providing real-time data to the vehicle's control systems. For example, in October 2024, Melexis, a Belgium-based microelectronics company, introduced the MLX90424 sensor. This sensor includes an integrated wake-up function designed to improve automotive safety and efficiency. It offers precise linear displacement measurements up to 30 millimeters and can be powered directly by a 12V battery, which eliminates the need for additional voltage regulators. By integrating two position-sensing ICs and a wake-up switch into one compact package, it simplifies assembly and reduces component costs compared to traditional systems using separate sensors and switches.
Segmentation Insights of the Global Automotive Pedals Market
The automotive pedals market is categorized by type, material, application, and region for comprehensive analysis. The primary pedal types include accelerator, brake, and clutch pedals. Materials used in manufacturing these pedals encompass steel, aluminum, magnesium, plastic, and other materials. Application-wise, the market covers passenger cars and commercial vehicles.
Further breakdown of the pedal types includes:
- Accelerator pedals subdivided into electronic and mechanical types
- Brake pedals classified as floor-mounted or suspended
- Clutch pedals categorized into hydraulic and cable-operated systems
This segmentation offers a detailed view of the diverse products and applications serving the automotive pedals market worldwide.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at 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
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Key Companies Leading Innovation and Growth in the Automotive Pedals Market here
News-ID: 4382065 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Lactic Starter Culture Ma …
The lactic starter culture market is poised for remarkable growth over the coming years, driven by increasing consumer interest in health-focused and plant-based foods. As fermentation technology advances and demand for specialty cultures rises, this sector is set to expand significantly. Below is a closer examination of the market size projections, key players, emerging trends, and segmentation details shaping the future of this industry.
Projected Growth and Market Size of the…
Ket*ogenic Diet Market Analysis: Major Segments, Strategic Developments, and Lea …
The ket*ogenic diet market is gaining significant attention as consumers increasingly seek tailored nutrition solutions and innovative dietary options. With shifts toward plant-based alternatives and growing clinical interest, this sector is set to experience robust growth. Let's explore the current market valuation, key players, emerging trends, and detailed segment analysis shaping the ket*ogenic diet landscape.
Projected Market Size and Growth of the ket*ogenic Diet Market
The ket*ogenic diet market is…
Segment Analysis and Major Growth Areas in the Isoflavones Market
The isoflavones market is poised for remarkable growth over the coming years, driven by increasing consumer awareness and expanding applications across various industries. With rising interest in health supplements and natural ingredients, this market is attracting significant attention from manufacturers and investors alike. Let's delve into the market's size, key players, emerging trends, and segment breakdowns shaping its trajectory.
Projected Market Size and Growth Outlook for Isoflavones
The isoflavones market…
Key Strategic Developments and Emerging Changes Shaping the Infant Nutrition Mar …
The infant nutrition market is on track for substantial expansion in the coming years, driven by evolving consumer preferences and advancements in product offerings. As parents increasingly seek high-quality nutrition solutions tailored to their babies' needs, the sector is poised for remarkable growth through innovative products and diverse distribution channels. Let's explore the market's size projections, key players, emerging trends, and segment breakdowns shaping this dynamic industry.
Projected Growth Trajectory and…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
