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(Transportation-News.com, December 21, 2018 )
Stratview Research has published a new research report on Automotive Pedal Market. This extensive 239-page report by Stratview Research analyses the growth of Automotive Pedal Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle)
• By Pedal Type (Accelerator Pedal, Brake Pedal, Clutch Pedal)
• By Material Type (Steel Pedals, Aluminum Pedals, Composite Pedals)
• By Process Type (Stamping, Casting, Injection Molding, Other)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/383/Automotive-Pedal-Market.html
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Technological advancements targeting vehicle performance in automotive industry
The global automotive pedal market is projected to offer an impressive growth opportunity and is likely to reach an estimated value of US$ 2,254.2 million in 2023. Organic growth in automobile production owing to increasing disposable income and growing urbanization, increasing global automotive fleet size, stringent government regulations regarding reducing carbon emission reductions, such as CAFÉ Standards, and increasing demand of lightweight pedals are some of the major growth drivers of the automotive pedal market.
The automotive industry has been experiencing various technological advancements targeting vehicle performance, passenger safety, and enhancement of fuel efficiency. Most of the parts in modern vehicles are equipped with electronic components. For instance, accelerator pedal no longer operates mechanically or via a cable linkage, rather a sensor is deployed in it to measure the position of the pedal and it transfers the data to ECU to adjust throttle elements.
Another trend that is impacting market is a growing shift from traditional metal pedals to lightweight pedals in order to reduce the weight of the pedal assembly, which contribute towards overall weight reduction and improvement in fuel economy. Glass fiber-reinforced polyamides are gaining traction market.
Top market players
The supply chain of this market comprises raw material suppliers, pedal manufacturers, automotive OEMs, and dealers. The key automotive pedal manufacturers are F-Tech, KSR International, CTS Corporation, Toyoda Iron Works, Shanghai Kaizhong Material Science & Technology, Batz, S. Coop., and Bellsonica Corporation. Development of lightweight and more-efficient pedals and formation of strategic alliances with OEMs and material suppliers are the key strategies adopted by the major players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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