[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global Park Lock Actuators Market Size study, by Product Type (Hydraulic, Electric), by Application (Hybrid Electric Vehicle (HEV), Electric Vehicle (EV)), and Regional Forecasts 2023-2032

August 2024 | 200 pages | ID: G05E6C384C89EN
Bizwit Research & Consulting LLP

US$ 4,950.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The Global Park Lock Actuators Market is valued at approximately USD 1.61 Billion in 2023 and is anticipated to grow with a healthy growth rate of more than 14.93% over the forecast period 2024-2032. Park lock actuators are essential safety components in automotive systems, enabling secure parking by preventing unwanted vehicle movement. These actuators are particularly crucial for the functionality of self-parking and autonomous driving systems in next-generation vehicles. With the rising popularity of electric vehicles, there is a growing demand for park lock actuators compatible with EV drivetrains. These actuators need to be highly efficient and reliable to meet the unique requirements of electric powertrains. This transition is driven by environmental concerns and the need to reduce dependency on non-renewable energy sources. As EVs inherently require reliable and efficient park lock systems, the demand for advanced park lock actuators is expected to rise significantly.

Advancements in automotive technology are significantly driving the demand for the park lock actuators market. As vehicles increasingly incorporate sophisticated systems such as Advanced Driver Assistance Systems (ADAS) and autonomous driving features, the need for reliable and high-performance park lock actuators grows. These actuators play a crucial role in ensuring vehicle safety by preventing unintended movement and supporting automated parking functions. Innovations such as smart actuators with integrated sensors and connectivity capabilities are becoming essential to meet the demands of modern automotive systems. Additionally, the shift towards electric vehicles, which require specialized actuator systems, further accelerates market growth. As automotive technology continues to evolve, the development of advanced park lock actuators becomes integral to enhancing vehicle safety, convenience, and overall performance.

The key region in the Global Park Lock Actuators Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, Asia-Pacific dominates the market in terms of revenue. The region's dominance is attributed to the rapid urbanization, industrialization, and significant developments in the automotive sector, particularly in countries such as China, Japan, and India. The government's active role in promoting eco-friendly automotive technologies and the presence of major market players contribute to the robust growth of the park lock actuator market in this region. Moreover, North America expected to witness fastest growth during the forecast period 2024-2032, due to the increasing demand for advanced automotive safety systems and the rising adoption of electric vehicles.

Major market players included in this report are:

BorgWarner Inc.

Valeo

Stoneridge Inc.

Vitesco Technologies GmbH

EFI Automotive

Continental AG

Methode Sensor Technologies

Johnson Electric Holdings Limited

Kendrion N.V.

Dura-Shiloh

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Hydraulic

Electric

By Application:

Hybrid Electric Vehicle (HEV)

Electric Vehicle (EV)

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL PARK LOCK ACTUATORS MARKET EXECUTIVE SUMMARY

1.1. Global Park Lock Actuators Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product Type
  1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL PARK LOCK ACTUATORS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL PARK LOCK ACTUATORS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing advancements in park lock actuators
  3.1.2. Increased Adoption of Electric Vehicles (EVs)
  3.1.3 Rising Vehicle Safety Regulations
3.2. Market Challenges
  3.2.1. Complexity in Integration
  3.2.2. Maintenance and Reliability Issues
3.3. Market Opportunities
  3.3.1. Growing Focus on Autonomous Vehicles
  3.3.2. Growth in Vehicle Production

CHAPTER 4. GLOBAL PARK LOCK ACTUATORS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PARK LOCK ACTUATORS MARKET SIZE & FORECASTS BY PRODUCT TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Park Lock Actuators Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Hydraulic
  5.2.2. Electric

CHAPTER 6. GLOBAL PARK LOCK ACTUATORS MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global Park Lock Actuators Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Hybrid Electric Vehicle (HEV)
  6.2.2. Electric Vehicle (EV)

CHAPTER 7. GLOBAL PARK LOCK ACTUATORS MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Park Lock Actuators Market
  7.1.1. U.S. Park Lock Actuators Market
    7.1.1.1. Product Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada Park Lock Actuators Market
7.2. Europe Park Lock Actuators Market
  7.2.1. U.K. Park Lock Actuators Market
  7.2.2. Germany Park Lock Actuators Market
  7.2.3. France Park Lock Actuators Market
  7.2.4. Spain Park Lock Actuators Market
  7.2.5. Italy Park Lock Actuators Market
  7.2.6. Rest of Europe Park Lock Actuators Market
7.3. Asia-Pacific Park Lock Actuators Market
  7.3.1. China Park Lock Actuators Market
  7.3.2. India Park Lock Actuators Market
  7.3.3. Japan Park Lock Actuators Market
  7.3.4. Australia Park Lock Actuators Market
  7.3.5. South Korea Park Lock Actuators Market
  7.3.6. Rest of Asia Pacific Park Lock Actuators Market
7.4. Latin America Park Lock Actuators Market
  7.4.1. Brazil Park Lock Actuators Market
  7.4.2. Mexico Park Lock Actuators Market
  7.4.3. Rest of Latin America Park Lock Actuators Market
7.5. Middle East & Africa Park Lock Actuators Market
  7.5.1. Saudi Arabia Park Lock Actuators Market
  7.5.2. South Africa Park Lock Actuators Market
  7.5.3. Rest of Middle East & Africa Park Lock Actuators Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. BorgWarner Inc.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Valeo
  8.3.3. Stoneridge Inc.
  8.3.4. Vitesco Technologies GmbH
  8.3.5. EFI Automotive
  8.3.6. Continental AG
  8.3.7. Methode Sensor Technologies
  8.3.8. Johnson Electric Holdings Limited
  8.3.9. Kendrion N.V.
  8.3.10. Dura-Shiloh

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Park Lock Actuators market, report scope
TABLE 2. Global Park Lock Actuators market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Park Lock Actuators market estimates & forecasts by Product Type 2022-2032 (USD Billion)
TABLE 4. Global Park Lock Actuators market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Park Lock Actuators market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Park Lock Actuators market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Park Lock Actuators market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Park Lock Actuators market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Park Lock Actuators market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Park Lock Actuators market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Park Lock Actuators market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Park Lock Actuators market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Park Lock Actuators market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Park Lock Actuators market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Park Lock Actuators market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Park Lock Actuators market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Park Lock Actuators market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Park Lock Actuators market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Park Lock Actuators market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Park Lock Actuators market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Park Lock Actuators market, research methodology
FIG 2. Global Park Lock Actuators market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Park Lock Actuators market, key trends 2023
FIG 5. Global Park Lock Actuators market, growth prospects 2022-2032
FIG 6. Global Park Lock Actuators market, porters 5 force model
FIG 7. Global Park Lock Actuators market, PESTEL analysis
FIG 8. Global Park Lock Actuators market, value chain analysis
FIG 9. Global Park Lock Actuators market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Park Lock Actuators market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Park Lock Actuators market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Park Lock Actuators market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Park Lock Actuators market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Park Lock Actuators market, regional snapshot 2022 & 2032
FIG 15. North America Park Lock Actuators market 2022 & 2032 (USD Billion)
FIG 16. Europe Park Lock Actuators market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Park Lock Actuators market 2022 & 2032 (USD Billion)
FIG 18. Latin America Park Lock Actuators market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Park Lock Actuators market 2022 & 2032 (USD Billion)
FIG 20. Global Park Lock Actuators market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


More Publications