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(Transportation-News.com, December 11, 2018 )
Stratview Research announces the launch of a new research report on Automotive Pedal Market. This 239 page extensive report from Stratview Research, studies the Automotive Pedal Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Pedal market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle) – Passenger car is expected to remain the growth engine of the market.
• By Pedal Type (Accelerator Pedal, Brake Pedal, Clutch Pedal)
• By Material Type (Steel Pedals, Aluminum Pedals, Composite Pedals)- Steel is expected to remain the dominant material type.
• By Process Type (Stamping, Casting, Injection Molding, Others)- Stamping process is expected to remain dominant process type.
• By Region(North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest automotive pedal market.
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Automotive Pedal Market Insights
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 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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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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