Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Accelerator Pedal Module Market
Global Accelerator Pedal Module Market to Reach 516.6 Million Units by 2032, Catalyzed by Strong R&D Capabilities
December 03, 2021
| Heavy Industry
According to the latest report by IMARC Group, titled “Accelerator Pedal Module Market Report by Pedal Material (Plastic, Metal), Pedal Type (Floor Mounted, Suspended), Vehicle Type (Passenger Vehicle, Commercial Vehicle), End-User (OEM, Aftermarket), and Region 2024-2032”, the global accelerator pedal module market reached a volume of 412.9 Million Units in 2023. The accelerator-pedal module (APM) consists of the accelerator pedal and an angular-position sensor that combines the pedal with a dual output sensor for a drive-by-wire application. These sensors are used to detect the amount of pedal depression and transfer the signal to the engine control unit (ECU). The accelerator pedal module was earlier made with heavy metals; however, manufacturers are now incorporating lightweight materials, such as plastics, to attain structural stability at a low weight. Also, with advancements in technology, automakers have replaced mechanical pedals with electronic accelerator pedals to improve fuel economy.
Global Accelerator Pedal Module Market Trends:
With the rising environmental concerns, governments across the globe are implementing stringent regulations and encouraging the manufacturing and adoption of eco-friendly automobiles. Owing to this, manufacturers are developing lightweight components such as accelerator pedal modules, which reduce the overall weight of vehicles and increase their operational efficiency. For instance, Robert Bosch GmbH, introduced a new, topology-optimized design of accelerator pedal that helps in reducing up to 25% of weight at the same stability as compared to the former models. Moreover, with access to more advanced equipment, intense research and development (R&D) capabilities and modern technical expertise, several automotive manufacturers are now producing accelerator pedal sensors that transmit the position of the accelerator pedal to the ECU. These sensors control the engine to reduce exhaust emissions without hampering the driving performance. Looking forward, the market volume is projected to reach 516.6 Million Units by 2032, registering a CAGR of 2.4% during 2024-2032.
Market Summary:
- Based on the pedal material, the market has been segmented into plastic and metal.
- The market has been segregated on the basis of the pedal type into floor mounted and suspended.
- On the basis of the vehicle type, the market has been classified into passenger and commercial vehicles.
- Based on the end user, the market has been bifurcated into OEM and aftermarket.
- Region-wise, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the market has also been examined, 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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
Tel No: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More