According to our (Global Info Research) latest study, the global Parking Lock Actuator for Electric Vehicles market size was valued at USD 1152.4 million in 2022 and is forecast to a readjusted size of USD 3586.7 million by 2029 with a CAGR of 17.6% during review period.
Parking lock actuators are electromechanical devices used to control the movement and operation of parking lock systems, which are used to secure parking spaces and prevent unauthorized access.
The Parking Lock Actuators market refers to the industry involved in the production and distribution of actuators specifically designed for parking lock systems. Parking lock actuators are electromechanical devices used to control the movement and operation of parking lock systems, which are used to secure parking spaces and prevent unauthorized access.
Parking lock systems are commonly used in parking lots, garages, and private driveways to reserve parking spaces or control access to designated areas. The actuators in these systems are responsible for raising and lowering the parking locks, allowing or restricting access to the parking spaces.
The market for parking lock actuators has witnessed growth due to the increasing demand for efficient parking management systems and the need for enhanced security in parking facilities. Factors such as urbanization, the growing number of vehicles, and the need to optimize parking space utilization have contributed to the market's expansion.
Key players in the parking lock actuators market include manufacturers, suppliers, and distributors of actuators and related components. These companies offer a range of actuators with different specifications, power options, and control mechanisms to meet the specific requirements of parking lock systems.
The market is driven by factors such as the need for automated parking solutions, improved parking space utilization, enhanced security and access control, and the integration of parking management systems with smart technologies. Actuators that offer features such as remote control operation, programmable settings, and compatibility with parking management software are in high demand.
Geographically, the market for parking lock actuators is global, with demand coming from various regions including North America, Europe, Asia Pacific, and the rest of the world. The market growth is influenced by factors such as urban development, infrastructure projects, and the expansion of commercial and residential spaces.
Additionally, advancements in actuator technology, such as the development of more compact and efficient actuators, improved durability and reliability, and the integration of wireless communication capabilities, are expected to drive the market forward. These advancements aim to provide better user experience, increased functionality, and seamless integration with parking management systems.
The Global Info Research report includes an overview of the development of the Parking Lock Actuator for Electric Vehicles industry chain, the market status of Electric Vehicle (EV) (Electric Parking Lock Actuators, Hydraulic Parking Lock Actuators), Hybrid Electric Vehicle(HEV) (Electric Parking Lock Actuators, Hydraulic Parking Lock Actuators), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Parking Lock Actuator for Electric Vehicles.
Regionally, the report analyzes the Parking Lock Actuator for Electric Vehicles markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Parking Lock Actuator for Electric Vehicles market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Parking Lock Actuator for Electric Vehicles market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Parking Lock Actuator for Electric Vehicles industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Electric Parking Lock Actuators, Hydraulic Parking Lock Actuators).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Parking Lock Actuator for Electric Vehicles market.
Regional Analysis: The report involves examining the Parking Lock Actuator for Electric Vehicles market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Parking Lock Actuator for Electric Vehicles market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Parking Lock Actuator for Electric Vehicles:
Company Analysis: Report covers individual Parking Lock Actuator for Electric Vehicles manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Parking Lock Actuator for Electric Vehicles This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Electric Vehicle (EV), Hybrid Electric Vehicle(HEV)).
Technology Analysis: Report covers specific technologies relevant to Parking Lock Actuator for Electric Vehicles. It assesses the current state, advancements, and potential future developments in Parking Lock Actuator for Electric Vehicles areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Parking Lock Actuator for Electric Vehicles market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Parking Lock Actuator for Electric Vehicles market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Electric Parking Lock Actuators
Hydraulic Parking Lock Actuators
Market segment by Application
Electric Vehicle (EV)
Hybrid Electric Vehicle(HEV)
Major players covered
Bosch
Stoneridge
Bitron
Valeo
Schaeffler
Kongsberg Automotive
DENSO
ASIN
Dura-Shiloh
Vitesco Technologies
EFI Automotive
JOPP Group
Johnson Electric
Zhaowei
Ningbo Gaofa
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Parking Lock Actuator for Electric Vehicles product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Parking Lock Actuator for Electric Vehicles, with price, sales, revenue and global market share of Parking Lock Actuator for Electric Vehicles from 2018 to 2023.
Chapter 3, the Parking Lock Actuator for Electric Vehicles competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Parking Lock Actuator for Electric Vehicles breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Parking Lock Actuator for Electric Vehicles market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Parking Lock Actuator for Electric Vehicles.
Chapter 14 and 15, to describe Parking Lock Actuator for Electric Vehicles sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Parking Lock Actuator for Electric Vehicles. Industry analysis & Market Report on Parking Lock Actuator for Electric Vehicles is a syndicated market report, published as Global Parking Lock Actuator for Electric Vehicles Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Parking Lock Actuator for Electric Vehicles market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.