Global Automotive Brake Pedal Market 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) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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:
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:
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 Type:
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.
Growth Factors For The Global Automotive Brake Pedal Market:
- Governments' push towards a global standardization for all car types is driving this market as it offers manufacturers an opportunity to produce more adaptable products that can be applied across various regions.
- Growing emphasis on vehicle safety has led OEMs and Tier I suppliers to invest heavily in providing these technologies which will help them meet demands from regulatory agencies globally;
- An increasing focus on driver convenience means drivers are demanding greater comfort while behind the wheel with options like heated seats and steering wheels being introduced into new vehicles. These innovations drive up costs but also create another competitive edge for car manufacturers.
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 Scope
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.
Global Automotive Brake Pedal Market Report Segments:
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:
- Magna International (Canada)
- Futaba Industrial (Japan)
- F-TECH (Japan)
- Yorozu (Japan)
- DURA Automotive Systems (USA)
- SL (Korea)
- Kyung Chang Industrial (Korea)
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.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Automotive Brake Pedal Market
Overview of the regional outlook of the Automotive Brake Pedal Market:
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.
Highlights of The Automotive Brake Pedal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Automotive Brake Pedal Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Aluminum Alloy Material Type
2. Steel Material Type
3. Titanium Material Type
4. Nylon with Short Fiber Material Type
5. Others
7. By Application:1. Passenger Cars
2. Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Automotive Brake Pedal Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Brake Pedal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Brake Pedal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Brake Pedal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Brake Pedal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Brake Pedal Market Size & Forecast, 2018-2028
4.5.1 Automotive Brake Pedal Market Size and Y-o-Y Growth
4.5.2 Automotive Brake Pedal Market Absolute $ Opportunity
Chapter 5 Global Automotive Brake Pedal Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Brake Pedal Market Size Forecast by Type
5.2.1 Aluminum Alloy Material Type
5.2.2 Steel Material Type
5.2.3 Titanium Material Type
5.2.4 Nylon with Short Fiber Material Type
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Brake Pedal Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Brake Pedal Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Brake Pedal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Brake Pedal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Brake Pedal Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Brake Pedal Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Brake Pedal Market Size Forecast by Type
9.6.1 Aluminum Alloy Material Type
9.6.2 Steel Material Type
9.6.3 Titanium Material Type
9.6.4 Nylon with Short Fiber Material Type
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Brake Pedal Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Brake Pedal Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Brake Pedal Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Brake Pedal Market Size Forecast by Type
10.6.1 Aluminum Alloy Material Type
10.6.2 Steel Material Type
10.6.3 Titanium Material Type
10.6.4 Nylon with Short Fiber Material Type
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Brake Pedal Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Brake Pedal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Brake Pedal Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Brake Pedal Market Size Forecast by Type
11.6.1 Aluminum Alloy Material Type
11.6.2 Steel Material Type
11.6.3 Titanium Material Type
11.6.4 Nylon with Short Fiber Material Type
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Brake Pedal Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Brake Pedal Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Brake Pedal Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Brake Pedal Market Size Forecast by Type
12.6.1 Aluminum Alloy Material Type
12.6.2 Steel Material Type
12.6.3 Titanium Material Type
12.6.4 Nylon with Short Fiber Material Type
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Brake Pedal Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Brake Pedal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Brake Pedal Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Brake Pedal Market Size Forecast by Type
13.6.1 Aluminum Alloy Material Type
13.6.2 Steel Material Type
13.6.3 Titanium Material Type
13.6.4 Nylon with Short Fiber Material Type
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Brake Pedal Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Brake Pedal Market: Competitive Dashboard
14.2 Global Automotive Brake Pedal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magna International (Canada)
14.3.2 Futaba Industrial (Japan)
14.3.3 F-TECH (Japan)
14.3.4 Yorozu (Japan)
14.3.5 DURA Automotive Systems (USA)
14.3.6 SL (Korea)
14.3.7 Kyung Chang Industrial (Korea)