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.
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10% Free Customization
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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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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