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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.