Automotive Pedals Global Market Report 2024

The automotive pedals market size has grown strongly in recent years. It will grow from $2.27 billion in 2023 to $2.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The expansion observed during the historical period can be attributed to the growth of the automotive industry, a rise in vehicle production, consumer preferences for manual transmission, sales in replacement and aftermarket segments, and the globalization of automotive supply chains.

The automotive pedals market size is expected to see steady growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The projected growth in the forecast period can be attributed to the shift towards electric and autonomous vehicles, the integration of advanced sensor technologies, a focus on lightweight materials, the incorporation of ergonomic design for enhanced driver comfort, and an emphasis on customization and aesthetic preferences. Major trends expected in the forecast period include the development of smart pedals with sensor integration, the introduction of brake-by-wire systems, a focus on lightweight and ergonomic pedal designs, the adoption of adjustable pedal systems, and the integration of biometric sensors in accelerator pedals.

The anticipated rise in demand for commercial vehicles is set to drive the growth of the automotive pedals market. Commercial vehicles, primarily used for business purposes such as transporting goods or passengers for profit, rely on automotive pedals as crucial components for controlling acceleration, braking, and clutch functions, ensuring safe and efficient operation. For instance, new commercial vehicle registrations in the European Union (EU) witnessed an 11.2% increase for vans (730,969), a 20% rise for trucks (179,508), and a 15% growth for buses (14,781) in the first half of 2023, compared to the corresponding period in 2022. This surge in commercial vehicle demand is a key factor propelling the growth of the automotive pedals market.

The growing emphasis on vehicle safety is expected to contribute to the expansion of the automotive pedals market. Vehicle safety measures aimed at minimizing the risk of accidents and injuries highlight the importance of automotive pedals in enhancing brake pedal efficacy, control, and stability during emergency braking. According to a survey by Mobility Outlook in November 2021, around 58% of respondents were willing to stretch their budget for safety ratings, with approximately 75% expressing a preference for four or five-star safety-rated vehicles. This increased focus on vehicle safety acts as a driving force for the growth of the automotive pedals market.

Supply chain disruptions pose a constraint on the automotive pedals market during the forecast period. Disruptions in the supply chain, such as shortages of raw materials or components, lead to production delays and impact the timely availability of automotive pedals, hindering the overall manufacturing process of vehicles. In September 2023, over 80% of businesses experienced at least one severe supply chain interruption in 2022, with 50% facing three or more disruptions, according to Procurement Tactics. Lack of materials, affecting 60.9% of participants, emerged as a major problem. Consequently, supply chain disruptions hinder the growth of the automotive pedals market.

Key players in the automotive pedals market are strategically focusing on developing new technologies to gain a competitive edge. Single-pedal technology, simplifying vehicle operation by combining acceleration and braking functions into one pedal, is a notable innovation. In July 2021, Toyota Motor Corporation introduced the Comfort Pedal for their hybrid-only Aqua model, enabling regenerative braking force production by easing off the accelerator pedal. This technology reduces the burden on drivers by minimizing the need to press both the accelerator and brake pedals frequently.

In January 2022, Faurecia SE, a France-based automotive supplier, acquired Hella KGaA Hueck & Co. for an undisclosed amount, strengthening its position in the automotive industry and expanding its presence in key growth areas such as electrification and self-driving technology. Hella KGaA Hueck & Co. is a Germany-based manufacturer of automotive pedals.

Major companies operating in the automotive pedals market report are Mercedes-Benz Group AG, Honda Motor Co. Ltd., Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, Faurecia SE, Lear Corporation, Samvardhana Motherson International Ltd., Knorr-Bremse AG, HL Mando Corporation, Toyoda Iron Works Co. Ltd., Pacific Industrial Co. Ltd., F.TECH Inc., Yorozu Corporation, Dura Automotive LLC, Mikuni Corporation, CTS Corporation, Shanghai Kaizhong Materials Science and Technology Co. Ltd., Kyung Chang Industrial Co. Ltd., Brano Group A.S., KSR International Inc., BATZ S. COOP. LTDA, F&P America Mfg. Inc., CJ Automotive AB, Bellsonica Corporation.

Asia-Pacific was the largest region in the automotive pedals market in 2023. The regions covered in the automotive pedals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive pedals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automotive pedals are controls in vehicles operated by the driver's feet, facilitating the management of acceleration, braking, and clutch engagement (in manual transmissions). Positioned on the driver's side floor, these essential components play a pivotal role in governing the vehicle's speed and movement.

The primary types of automotive pedals include the accelerator, brake, and clutch. In an automobile, the accelerator is a pedal or device employed to regulate the speed. Automotive accelerator pedals control a vehicle's speed by managing the flow of fuel to the engine. These pedals are crafted from diverse materials, including steel, aluminum, magnesium, plastic, among others, and find applications in various vehicles, such as passenger cars and commercial vehicles.

The automotive pedals market research report is one of a series of new reports that provides automotive pedals market statistics, including automotive pedals industry global market size, regional shares, competitors with a automotive pedals market share, detailed automotive pedals market segments, market trends and opportunities, and any further data you may need to thrive in the automotive pedals industry. This automotive pedals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive pedals market consists of sales of gas pedal extenders, footrest pedals, pedal covers, performance pedal kits, pedal position sensors, anti-slip pedal pads, racing pedals, and pedal replacement kits. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.