Accelerator Pedal Module Market

The accelerator pedal module is used to measure the suppression of the pedal to estimate the torque generated by engine. The accelerator pedal module consists of a position sensor and an accelerator pedal. The accelerator pedal module provides a signal to the engine management unit to calculate the required air-fuel mixture for combustion and to obtain the desired torque.

Increased consumer demand for better ride handling is driving the accelerator pedal module market. The accelerator pedal module reduces the response time and obtains the desirable torque and hence, is being increasingly preferred. Rising demand for fuel efficient technologies among consumers is expected to drive the accelerator pedal module market. The accelerator pedal module is being increasingly used in conjunction with throttle body control to maintain an optimal fuel-air ratio. Automakers are actively trying to reduce the fuel consumption of vehicles and minimizing emission.

Therefore, accelerator pedal module is being widely adopted by automakers to improve fuel economy. Rise in youth consumers with high demand for dynamic ride and instant pedal response is expected to drive the accelerator pedal module market. Demand for vehicles is high in the developing economies of Asia Pacific and Latin America. Rise in production of vehicles is expected to drive the demand of the accelerator pedal module.

The global accelerator pedal module market can be segmented based on pedal material, pedal type, vehicle type, sales channel, and region. Based on pedal material, the accelerator pedal module market can be classified into plastic and metal. The plastic pedal type is being increasingly used due to its low weight. The accelerator pedal module market is witnessing a trend of incorporating lightweight material. Plastic accelerator pedal modules are being designed to attain structural stability at low weight.

Based on pedal type, the accelerator pedal module market can be bifurcated into floor mounted and suspended. The floor mounted segment is expected to expand at a higher growth rate as the trajectory of the pedal is more comfortable and is being increasingly preferred by consumers.

In terms of vehicle type, the accelerator pedal module market can be split into passenger vehicle, and commercial vehicle. The passenger vehicle segment includes hatchbacks, sedans, sports utility vehicles, multi-purpose vehicles. The commercial vehicle includes light commercial vehicles and heavy commercial vehicles.

Based on region, the global accelerator pedal module market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for a dominant share of the global market, owing to the rising production of vehicles in the region. Asia Pacific is followed by Europe and North America. The market in Latin America is anticipated to expand substantially during the period owing to investments by global automakers in Latin America aimed to improve vehicle production in the region.

Key players operating in the global accelerator pedal module market include Robert Bosch GmbH, HELLA GmbH & Co. KGaA, CTS Corporation, DENSO Corporation, Magna International Inc., and KSR International Co.