About accelerator pedals
Accelerator pedals are a component of accelerators that control the supply of fuel into the combustion chamber. Earlier versions of pedals were made of metals that were highly prone to corrosion. They would be covered with rubber pads to enhance grip. The global accelerator pedal module market has experienced several technological changes over the past few years. Due to dynamic consumer preferences, OEMs are pressing for innovations from component manufacturers, and tier 1 manufacturers are increasing their investments in R&D to fulfil their demands. Due to technological advancements, mechanical accelerators has been completely replaced by electronic accelerator pedals.
Technavio's analysts forecast the global accelerator pedal module market to grow at a CAGR of 3.27% over the period 2014-2020.
Covered in this report
Technavio's report, Global Accelerator Pedal Module Market 2015-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Key vendors
• Bosch Group
• Comesys
• CTS
• Denso
• Donghee
• Hebei Shenhai
• Hella
• KSR International
• Magna International
• Mikuni
• Shanghai Voboff
Market driver
• Increasing use of sensor-based accelerators
• For a full, detailed list, view our report
Market challenge
• Functional issues
• For a full, detailed list, view our report
Market trend
• Shift toward lightweight materials
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Global Accelerator Pedal Module Market 2015-2020
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Research Methodology
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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The market is expected to grow at a CAGR of %.
market is segmented by
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- is the driving factor this market.
The market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.