The Global Automotive Brake Pedal Market size is estimated to be valued at $5.6 billion in 2020 and is projected to reach $7.3 billion by 2028, growing at a CAGR of 3.4% from 2021-2028. The growth in this segment can be attributed to the increasing demand for passenger cars and commercial vehicles in emerging economies like India, China, and Brazil. Emerging markets are expected to play an important role in the future for automobile manufacturers as they offer huge potential and more opportunities than mature economies which will lead them to invest more in research & development activities.
Automotive Brake Pedal is a mechanical device attached to the brake pedal of an automobile. The Automotive Brake Pedal transmits braking force from the driver's foot onto the brake pads, which in turn create friction against a rotating drum or disc rotor inside the vehicle’s wheel hub assembly (i.e., disc brakes), slowing and eventually stopping it.
On the basis of Types, the market is segmented into Aluminum Alloy Material Type, Steel Material Type, Titanium Material Type, and others.
Aluminum Alloy Material Type is the type of brake pedal that is made up of aluminum. It has a very strong structure with high resistance to corrosion and heavy wear from heat, water, dirt, and other substances. Aluminium Alloy Material Types have such advantages as being lightweight, high tensile strength, corrosion resistance, and ease to shape so that this material plays an important role in the brake pedal market.
Steel Material Type is the most widely used material type in the brake pedal. Steel has a low cost and it also provides good durability which makes steel popular with customers. Although some other materials are becoming more common, they still make up only a small proportion of the total production volume for automotive pedals globally.
Titanium Material Types possess excellent fatigue resistance, creep resistant capability, and heat preservation properties but need higher prices than others while Nylon with Short Fiber material types can provide the best wear-resistance performance among them all at a reasonable price. The use of titanium in cars for brake pedals began to be developed for its non-magnetic properties, which eliminate the related interference in radio equipment.
On the basis of Application, the market is segmented into Passenger Cars, Commercial Vehicles. Passenger cars brake pedals accounts for the largest proportion of the market share in total output volume globally and it's followed by Commercial Vehicles. The reason is that the passenger car segment enjoys a higher growth rate than other segments, which can be attributed to high population density as well as increasing demand for more personal mobility options.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific occupies a significant market share for Automotive Brake Pedal Market owing to increasing demand from passenger vehicle manufacturers in China which will also help the automotive brake pedal industry grow at a steady pace over the forecast period.
The North American region has a high consumption rate as it accounts for more than one-third of global sales volume; Europe with large development potential due to its present economic powerhouses like Germany and France.
Up Market Research published a new report titled “Automotive Brake Pedal Market research report which is segmented by Types (Aluminum Alloy Material Type, Steel Material Type, Titanium Material Type, Nylon with Short Fiber Material Type, Others), By Applications (Passenger Cars, Commercial Vehicles), By Players/Companies Magna International (Canada), Futaba Industrial (Japan), F-TECH (Japan), Yorozu (Japan), DURA Automotive Systems (USA), SL (Korea), Kyung Chang Industrial (Korea)”.
Report Attributes | Report Details |
Report Title | Automotive Brake Pedal Market Research Report |
By Type | Aluminum Alloy Material Type, Steel Material Type, Titanium Material Type, Nylon with Short Fiber Material Type, Others |
By Application | Passenger Cars, Commercial Vehicles |
By Companies | Magna International (Canada), Futaba Industrial (Japan), F-TECH (Japan), Yorozu (Japan), DURA Automotive Systems (USA), SL (Korea), Kyung Chang Industrial (Korea) |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 213 |
Number of Tables & Figures | 150 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Aluminum Alloy Material Type, Steel Material Type, Titanium Material Type, Nylon with Short Fiber Material Type, Others and By Application Passenger Cars, Commercial Vehicles.
Some of the companies that are profiled in this report are:
Automotive Brake Pedal Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Brake Pedal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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