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(Transportation-News.com, February 23, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Pedal Market is anticipated to reach at US$ 2,254.2 million by 2023.
The research studies Automotive Pedal Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under five segments by Vehicle Type (Passenger Car, LCV, and M&HCV), by Pedal Type (Accelerator Pedal, Brake Pedal, and Clutch Pedal), by Material Type (Steel Pedals, Aluminum Pedals, and Composite Pedals), by Manufacturing Process Type (Stamping, Casting, Injection Molding, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The study finds –
Asia-Pacific is expected to remain the largest automotive pedal market during the forecast period, driven by high production of vehicles to meet the rising indigenous demand and increasing export.
Stamping process is expected to remain dominant process type in the automotive pedal market.
Steel is expected to remain the dominant material type in the market during the forecast period, whereas composite is expected to witness the highest growth in the same period.
Click here to read the detailed description: https://www.stratviewresearch.com/383/Automotive-Pedal-Market.html
Go through the TOC: https://www.stratviewresearch.com/toc/383/Automotive-Pedal-Market.html
The Global Automotive Pedal Market: Highlights
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.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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