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Accelerator Pedal Module Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global accelerator pedal module market size reached 401.7 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 474.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.

Accelerator pedals are a component of accelerators that are used to regulate the supply of fuel into the combustion chamber. They are ready-to-install units consisting of pedal-travel sensor, and idle and full-load stops. They use sensors to detect the amount of pedal depression and transfer the signal to the engine control unit (ECU). The pedal travel sensor also records the movement and position of the accelerator pedal. The ECU uses this information to calculate the required torque and addresses the throttle device and the injection system.

 

 
 

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Global Accelerator Pedal Module Market Drivers:

  • The earlier versions of these module were mostly made of metal and covered with rubber which not only made them heavy but also increased the possibility of corrosion. Nowadays, manufacturers are focusing on developing lightweight components for vehicles owing to the stringent government rules to meet emission standards. The advancements in material development technology have further led to the production of accelerator pedals from polyamide 6 which is lightweight and cost effective in nature.
  • The developed regions such as North America and Europe have a concentration of the world’s largest automotive manufacturers which have access to more developed equipment, strong R&D capabilities and modern technical expertise. As a result, mechanical accelerators have been completely replaced by electronic accelerator pedals in these regions. Additionaly, the increasing use of sensor-based accelerators is expected to be a major driving factor for the growth of the market.
  • With the rapid development and industrialization in Asia, Africa and the Middle East, the automotive industry has been experiencing healthy growth. The increasing demand for automotive accelerator pedal modules for the manufacturing of passenger cars and commercial vehicles in these regions is providing a positive thrust to the growth of the overall market.
     

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global accelerator pedal module market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on pedal material, pedal type, vehicle type and end-user.

Breakup by Pedal Material:

 

 
 

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  • Plastic 
  • Metal
     

Breakup by Pedal Type:

  • Floor Mounted 
  • Suspended
     

Breakup by Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle
     

Breakup by End-User:

  • OEM
  • Aftermarket
     

Breakup by Region:

 

 
 

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  • North America 
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Hella KGaA Hueck & Co., United Automotive Electronic Systems Co. Ltd., F-TECH Inc., Aisan Industry Co. Ltd.,  Yorozu Corporation, Pacific Industrial Co. Ltd., Mikuni Corporation, Kyung Chang Industrial Co. Ltd., TT Electronics plc, Alfmeier Praezision SE, AIDA-America, Corp., AKITA KOGYO Co. Ltd., Bellsonica Corporation, Chiyoda Corporation, Chiyoda Kogyo Co., Ltd., Hanya Seisakusho Co. Ltd. and Kuroda Kagaku Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Units
Segment Coverage Pedal Material, Pedal Type, Vehicle Type, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Hella KGaA Hueck & Co., United Automotive Electronic Systems Co. Ltd., F-TECH Inc., Aisan Industry Co. Ltd.,  Yorozu Corporation, Pacific Industrial Co. Ltd., Mikuni Corporation, Kyung Chang Industrial Co. Ltd., TT Electronics plc, Alfmeier Praezision SE, AIDA-America, Corp., AKITA KOGYO Co. Ltd., Bellsonica Corporation, Chiyoda Corporation, Chiyoda Kogyo Co., Ltd., Hanya Seisakusho Co. Ltd. and Kuroda Kagaku Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Accelerator Pedal Module Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Pedal Material 
    5.5    Market Breakup by Pedal Type 
    5.6    Market Breakup by Vehicle Type 
    5.7    Market Breakup by End-User
    5.8    Market Breakup by Region
    5.9    Market Forecast
6   Market Breakup by Pedal Material
    6.1     Plastic  
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Metal 
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Pedal Type
    7.1    Floor Mounted 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Suspended 
        7.2.1    Market Trends
        7.2.2    Market Forecast
8   Market Breakup by Vehicle Type
    8.1    Passenger Vehicle 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Commercial Vehicle 
        8.2.1    Market Trends
        8.2.2    Market Forecast
9   Market Breakup by End-User
    9.1    OEM 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Aftermarket 
        9.2.1    Market Trends
        9.2.2    Market Forecast
10  Market Breakup by Region
    10.1    Europe
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Asia Pacific
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1   Robert Bosch GmbH
        15.3.2   Denso Corporation
        15.3.3    ZF Friedrichshafen AG
        15.3.4    Hella KGaA Hueck & Co
        15.3.5    United Automotive Electronic Systems Co. Ltd.
        15.3.6    F-TECH Inc.
        15.3.7    Aisan Industry Co. Ltd.
        15.3.8    Yorozu Corporation
        15.3.9    Pacific Industrial Co. Ltd.
        15.3.10      Mikuni Corporation
        15.3.11      Kyung Chang Industrial Co. Ltd.
        15.3.12      TT Electronics plc
        15.3.13      Alfmeier Praezision SE
        15.3.14     AIDA-America Corp.
        15.3.15      AKITA KOGYO Co. Ltd.
        15.3.16      Bellsonica Corporation
        15.3.17      Chiyoda Corporation
        15.3.18      Chiyoda Kogyo Co., Ltd.
        15.3.19      Hanya Seisakusho Co. Ltd.
        15.3.20      Kuroda Kagaku Co. Ltd.

List of Figures

Figure 1: Global: Accelerator Pedal Module Market: Major Drivers and Challenges
Figure 2: Global: Accelerator Pedal Module Market: Sales Volume (in Million Units), 2017-2022
Figure 3: Global: Accelerator Pedal Module Market: Breakup by Pedal Material (in %), 2022
Figure 4: Global: Accelerator Pedal Module Market: Breakup by Pedal Type (in %), 2022
Figure 5: Global: Accelerator Pedal Module Market: Breakup by Vehicle Type (in %), 2022
Figure 6: Global: Accelerator Pedal Module Market: Breakup by End-User (in %), 2022
Figure 7: Global: Accelerator Pedal Module Market: Breakup by Region (in %), 2022
Figure 8: Global: Accelerator Pedal Module Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 9: Global: Accelerator Pedal Module Industry: SWOT Analysis
Figure 10: Global: Accelerator Pedal Module Industry: Value Chain Analysis
Figure 11: Global: Accelerator Pedal Module Industry: Porter’s Five Forces Analysis
Figure 12: Global: Accelerator Pedal Module (Plastic) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 13: Global: Accelerator Pedal Module (Plastic) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 14: Global: Accelerator Pedal Module (Metal) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 15: Global: Accelerator Pedal Module (Metal) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 16: Global: Accelerator Pedal Module (Floor Mounted) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 17: Global: Accelerator Pedal Module (Floor Mounted) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 18: Global: Accelerator Pedal Module (Suspended) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 19: Global: Accelerator Pedal Module (Suspended) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 20: Global: Accelerator Pedal Module (Passenger Vehicle) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 21: Global: Accelerator Pedal Module (Passenger Vehicle) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 22: Global: Accelerator Pedal Module (Commercial Vehicle) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 23: Global: Accelerator Pedal Module (Commercial Vehicle) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 24: Global: Accelerator Pedal Module (OEM) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 25: Global: Accelerator Pedal Module (OEM) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 26: Global: Accelerator Pedal Module (Aftermarket) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 27: Global: Accelerator Pedal Module (Aftermarket) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 28: Europe: Accelerator Pedal Module Market: Sales Volume (in Million Units), 2017 & 2022
Figure 29: Europe: Accelerator Pedal Module Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 30: North America: Accelerator Pedal Module Market: Sales Volume (in Million Units), 2017 & 2022
Figure 31: North America: Accelerator Pedal Module Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 32: Asia Pacific: Accelerator Pedal Module Market: Sales Volume (in Million Units), 2017 & 2022
Figure 33: Asia Pacific: Accelerator Pedal Module Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 34: Middle East and Africa: Accelerator Pedal Module Market: Sales Volume (in Million Units), 2017 & 2022
Figure 35: Middle East and Africa: Accelerator Pedal Module Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 36: Latin America: Accelerator Pedal Module Market: Sales Volume (in Million Units), 2017 & 2022
Figure 37: Latin America: Accelerator Pedal Module Market Forecast: Sales Volume (in Million Units), 2023-2028

List of Tables

Table 1: Global: Accelerator Pedal Module Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Accelerator Pedal Module Market Forecast: Breakup by Pedal Material (in Million Units), 2023-2028
Table 3: Global: Accelerator Pedal Module Market Forecast: Breakup by Pedal Type (in Million Units), 2023-2028
Table 4: Global: Accelerator Pedal Module Market Forecast: Breakup by Vehicle Type (in Million Units), 2023-2028
Table 5: Global: Accelerator Pedal Module Market Forecast: Breakup by End-User (in Million Units), 2023-2028
Table 6: Global: Accelerator Pedal Module Market Forecast: Breakup by Region (in Million Units), 2023-2028
Table 7: Global: Accelerator Pedal Module Market Structure
Table 8: Global: Accelerator Pedal Module Market: Key Players


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Key Questions Answered in This Report

The global accelerator pedal module market reached a volume of 401.7 Million Units in 2022.

We expect the global accelerator pedal module market to exhibit a CAGR of 2.7% during 2023-2028.

The rising demand for lightweight components, such as accelerator pedal modules, to reduce the overall weight of vehicles and increase their operational efficiency is primarily driving the global accelerator pedal module market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for accelerator pedal module.

Based on the pedal material, the global accelerator pedal module market has been segregated into plastic and metal, where plastic currently holds the largest market share.

Based on the vehicle type, the global accelerator pedal module market can be bifurcated into passenger vehicle and commercial vehicle. Currently, passenger vehicle exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global accelerator pedal module market include Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Hella KGaA Hueck & Co., United Automotive Electronic Systems Co. Ltd., F-TECH Inc., Aisan Industry Co. Ltd.,  Yorozu Corporation, Pacific Industrial Co. Ltd., Mikuni Corporation, Kyung Chang Industrial Co. Ltd., TT Electronics plc, Alfmeier Praezision SE, AIDA-America, Corp., AKITA KOGYO Co. Ltd., Bellsonica Corporation, Chiyoda Corporation, Chiyoda Kogyo Co., Ltd., Hanya Seisakusho Co. Ltd., and Kuroda Kagaku Co. Ltd.

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