Vertical: AutoBase Year: 202110 Sections
Market Size (2021)
$1.21B
Projected (2030)
$4.25B
CAGR (2018–2030)
11.5%
Key Players
10+
The global park lock actuator market is consistently growing due to the Increasing advancements in park lock actuators and government mandates driving market growth across globe and technological advancement within the automotive industry. Furthermore, surging adoption of electric vehicles is likely to drive the market throughout the forecast year.
The global park lock actuator market is projected to grow at 15.1% CAGR during the forecast period, 2022–2030. In 2021, the global park lock actuator market was dominated by Asia-Pacific with a 39.7% share, followed by North America, and Europe with shares of 27.9%, and 20.1% respectively, while developing countries such as India and China are projected to showcase substantial growth throughout the forecast period.
The global park lock actuator market has been segmented based on product type, application, and region. Based on product type, the global park lock actuator market has been segmented into hydraulic, and electric. The electric segment is estimated to grow at 15.5% during the forecast period, while in 2021, while it accounted for 68.7% share.
Based on application, the global park lock actuator market has been segmented into hybrid electric vehicle (HEV), and electric vehicle (EV). The hybrid electric vehicle is expected to grow at 14.4% during the forecast period. In 2021, the segment held a 56.4% share of the global park lock actuator market.
The Park Lock Actuator Market market is projected to grow at a CAGR of 11.5% from 2018 to 2030.
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View Subscription PlansPark lock actuators are key safety subsystems that enable self-parking aid and autonomous driving/parking operations in next-generation vehicles. The Vehicle when stopped in neutral, park lock seems to be the function that prevents unwanted movement.
The scope of the global park lock actuator market study includes a market size analysis and a detailed analysis of the manufacturer's products and strategies. The park lock actuator market has been segmented based on product type, application, and region.
To provide a detailed analysis of the market structure along with a forecast for the next eight years of various segments and sub-segments of the global park lock actuator market.To provide insights about factors affecting the market growth. To analyze the global park lock actuator market based on various tools such as Porter's Five Forces Analysis and value chain analysis. To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries.To provide country-level analysis of the market with respect to the current market size and future prospectiveTo analyze the global park lock actuator market across the regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the marketTo track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the park lock actuator market.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+
Historical data (2018–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global park lock actuator market is characterized by the presence of many international and regional manufacturers. The global market is highly competitive, with all the players competing to gain a larger market share. The automotive manufacturers compete based on cost, product quality, reliability, and aftermarket services. Therefore, the manufacturers must provide innovative and efficient products which are also cost-effective to survive and succeed in a competitive market environment.
BorgWarner Inc., Valeo, Stoneridge Inc., Vitesco Technologies GmbH, EFI Automotive, Continental AG, Methode Sensor Technologies, Johnson Electric Holdings Limited, Kendrion N.V., Dura-Shiloh are the major players in the market, competing in terms of a variety of products for the global park lock actuator market and their components, as well as efficiency, reliability, affordability, and advanced technology. The primary focus of the players is to provide advanced products to aid in increasing adoption, which could help strengthen a country’s growth with advanced products. Although global players dominate the market, a few regional and other local players with a limited market share also have a prominent presence in this market.
The major players would look to strengthen their regional presence through mergers & acquisitions of local and global players; they are expected to expand their presence and solutions in these countries during the forecast period. Therefore, manufacturers must develop new technologies to stay at par with emerging technology trends that could affect the competitiveness of their product lines in the market.
Threat of New Entrants
The threat of new entrants to the Park Lock Actuator market is moderate. The market is relatively consolidated, with a few major players dominating the industry, such as Continental AG, Denso Corporation, and Robert Bosch GmbH. However, there is still potential for new entrants, particularly in the electric vehicle (EV) market, as the shift towards electrification of vehicles is creating new opportunities for suppliers of EV components such as park lock actuators. In recent years, several developments have occurred in the Park Lock Actuator market, particularly in the EV segment. For example, in 2020, Continental AG announced that it had developed a new park lock actuator for electric vehicles that combines a mechanical locking system with an electric motor. This innovation increases the system's reliability while reducing weight and improving energy efficiency, making it more appealing to EV manufacturers. Government regulations also play a role in developing the Park Lock Actuator market, particularly in the EV segment. Many countries have set targets for electrification of their vehicle fleets, and regulations such as emission standards are pushing automakers to develop and produce more EVs. This trend is creating new opportunities for suppliers of EV components such as park lock actuators.
In conclusion, the Park Lock Actuator market's Threat of New Entrants is moderate, with a moderate capital requirement and a favorable regulatory environment in the EV segment. However, established players such as Continental AG, Denso Corporation, and Robert Bosch GmbH still dominate the market, and new entrants will need to innovate and differentiate themselves to succeed.
Bargaining Power of Suppliers
In the Park Lock Actuator market, the bargaining power of suppliers is moderate. Although only a few key raw materials suppliers, such as steel, copper, and plastic, do not completely control the industry. However, suppliers have some power over the price and quality of these raw materials, which can affect the manufacturers' overall production cost and profitability. Raw material differentiation and switching costs are also moderate in this market. While there are some differences in the quality and specifications of raw materials used in Park Lock Actuators, these differences are not significant enough to create a high level of differentiation or switching costs. The development of keyless entry systems has recently been a significant innovation in the Park Lock Actuator market. This innovation has changed the industry dynamics, and some suppliers have taken advantage of the opportunity to provide new solutions to their customers. For example, Continental AG, a leading supplier of automotive components, has developed a new keyless entry system that integrates Park Lock Actuator functionality. In addition to keyless entry systems, the increasing demand for electric vehicles (EVs) has also impacted the Park Lock Actuator market.
EVs have different designs and require different components, which has led to the emergence of new suppliers of Park Lock Actuators. One example is BorgWarner, a supplier of electric and hybrid vehicle components, which recently launched a new Park Lock Actuator specifically designed for EVs. In conclusion, while the bargaining power of suppliers in the Park Lock Actuator market is moderate, recent developments such as keyless entry systems and the rise of EVs have brought about new opportunities and challenges for both manufacturers and suppliers in the industry.
Threat of Substitutes
The threat of substitutes in the Park Lock Actuator market refers to the availability of similar products that can fulfil the same function. The development of electronic vehicles (EVs) has recently led to an increased demand for electric park lock actuators. This trend poses a moderate threat to traditional hydraulic park lock actuators, as EV manufacturers aim to reduce vehicle weight and increase efficiency by incorporating electric actuators. For instance, Tesla's Model Y utilizes electric actuators in its park lock system, providing a reliable and efficient alternative to hydraulic actuators. In addition, companies such as Bosch, ZF Friedrichshafen, and Magna International are investing in research and development to produce innovative park lock actuators for EVs, further increasing the availability of substitutes. For instance, Bosch has developed an intelligent park lock actuator that can detect the parking spaces' size and park the vehicle automatically, providing a unique substitute to traditional park lock systems. Furthermore, the increasing demand for keyless entry systems and the development of smart key technologies could lead to a higher propensity for buyers to substitute traditional park lock actuators with these advanced systems.
Companies such as Continental AG and Valeo are investing in these technologies, providing substitutes to traditional park lock actuators. Overall, the threat of substitutes in the Park Lock Actuator market is moderate. The availability of close substitutes and the buyer propensity to substitute are increasing due to the development of EVs, smart key technologies, and innovative park lock actuator designs. Companies in the industry must remain vigilant and invest in research and development to stay ahead of the competition and retain their market share. Thus, threat of substitute products is moderate because there are some substitute products or services available to customers, but they may not be as easily accessible or as attractive as the industry's main products or services.
Bargaining Power of Buyers
In the Park Lock Actuator market, the bargaining power of buyers is moderate. The market is highly fragmented, with several small and large players offering different types of park lock actuators. Buyers have moderate bargaining power due to the availability of various alternatives in the market. The buyer concentration in the Park Lock Actuator market is moderate. Several small and large buyers are in the market, but none of them have a significant market share. Hence, no single buyer can influence the market demand or supply significantly. Brand identity also has a moderate impact on the bargaining power of buyers. Several established brands offer Park Lock Actuators, making it difficult for buyers to switch to other brands. However, brand loyalty is not a significant factor, as buyers tend to focus more on the product's quality and functionality. Recent industry activities also impact the bargaining power of buyers in the Park Lock Actuator market. For instance, the increasing demand for electric vehicles (EVs) has led to the development of advanced park lock actuators with smart locking and unlocking features. This innovation has given buyers more options to choose from, thereby increasing their bargaining power.
One of the recent activities in the Park Lock Actuator market is the development of advanced keyless entry systems. Several companies, including Continental AG, Bosch, and Huf Group, have developed keyless entry systems that use advanced park lock actuators. This innovation has increased the bargaining power of buyers as they can now choose from different types of park lock actuators based on their preferences. In conclusion, the bargaining power of buyers in the Park Lock Actuator market is moderate. The market is highly fragmented, with several players offering different types of park lock actuators. Buyers' concentration and brand identity also moderately impact the market. However, recent industry activities, such as developing keyless entry systems and advanced park lock actuators for EVs, have increased the buyers' bargaining power.
Intensity of Rivalry
The park lock actuator market is a highly competitive industry where several companies compete against each other. The rivalry among the players is high due to several established companies offering similar products. The key players in the park lock actuator market are BorgWarner, Denso Corporation, Hitachi, Ltd., Johnson Electric Holdings Limited, and Mitsuba Corporation. BorgWarner, a leading supplier of clean and efficient technology solutions for combustion, hybrid, and electric vehicles, announced in 2020 that it had expanded its production of park lock actuators. The company aims to meet the growing demand for electrification in the automotive industry. Denso Corporation, a global automotive components manufacturer, announced in 2021 that it had developed a new park lock actuator for electric vehicles. The company's new actuator is smaller, lighter, and more energy-efficient than its predecessors. Hitachi, Ltd., a Japanese conglomerate, announced in 2020 that it had developed a new park lock actuator with improved durability and reliability. The company's new actuator is designed to be used in electric vehicles and is expected to contribute to the growth of the electric vehicle market.
Johnson Electric Holdings Limited, a global provider of motion subsystems, announced in 2021 that it had developed a new park lock actuator for electric vehicles. The company's new actuator is designed to be highly reliable and durable, ensuring the safety of the vehicle's occupants. Mitsuba Corporation, a Japanese manufacturer of automotive components, announced in 2021 that it had developed a new park lock actuator for electric vehicles. The company's new actuator is designed to be highly efficient and reliable, contributing to the growth of the electric vehicle market. Regarding industry growth, the park lock actuator market is expected to grow at a moderate rate due to the increasing demand for electric vehicles. The competition among contractors in the industry is also moderate, as several established companies compete against each other. Product differentiation is moderate in the park lock actuator market, as the key players offer similar products. However, recent developments in the industry, such as the development of new, more efficient actuators, have led to some differentiation among the players. Overall, the rivalry in the park lock actuator market is high, and the industry growth and competition among contractors are moderate.
Product differentiation is also moderate, but recent developments in the industry, particularly in the area of electric vehicle technology, have led to some differentiation among the players.
Market estimates by geography (2030)
InsightAsia Pacific leads with $2.01B by 2030.
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View Subscription Plans| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $324.70M | $485.20M | $1.02B | 10.0% | 24% |
| Europe | $246.40M | $338.80M | $677.90M | 8.8% | 16% |
| Asia Pacific | $435.20M | $766.90M | $2.01B | 13.6% | 47% |
| Middle East and Africa | $58.70M | $89.60M | $206.00M | 11.0% | 5% |
| South America | $86.40M | $136.40M | $329.10M | 11.8% | 8% |
| Total | $1.15B | $1.82B | $4.24B | 11.5% | 100% |
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View Subscription PlansTotal Market Size
$4.25B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Electric | $3.00B | 11.8% | 71% |
| Hydraulic | $1.24B | 10.9% | 29% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Park Lock Actuator Market covering market dynamics, competitive landscape, and strategic outlook.
The Park Lock Actuator Market market is projected to reach $4.25B by 2030, growing at 11.5% CAGR. The Electric segment holds the largest share.
The Park Lock Actuator market refers to the automotive industry segment that specializes in producing and distributing actuator devices used to control the locking mechanism of a vehicle's transmission. These actuators are crucial components that ensure the proper functioning of the vehicle's transmission system by engaging and disengaging the gears, which allows the vehicle to move forward or backward. The importance of park lock actuators in the market can be attributed to the growing demand for advanced automotive technologies that improve the safety and comfort of driving. The increasing adoption of automatic transmission systems in vehicles has resulted in a surge in demand for park lock actuators, as they play a critical role in ensuring the smooth operation of these systems.
The Park Lock Actuator market has been witnessing steady growth in recent years, owing to a range of factors such as the increasing demand for advanced automotive safety systems, rising production of vehicles, and growing concerns over parking safety. However, one of the other key drivers of this market is the surging adoption of electric vehicles worldwide. The transition towards electric vehicles has gained momentum in recent years, driven by concerns over environmental pollution and the depletion of non-renewable resources. As a result, the number of electric vehicles on the road has been steadily increasing, and this trend is expected to continue in the coming years. With electric vehicles requiring actuators to ensure safe and reliable parking, the demand for Park Lock Actuators is expected to surge in the foreseeable future. Several key developments have recently occurred in the Park Lock Actuator market. For instance, BorgWarner, a leading supplier of advanced technology solutions for combustion, hybrid, and electric vehicles, announced the development a new Park Lock Actuator system in 2021. This system is designed to provide enhanced safety and reliability for electric vehicles and is expected to be deployed in the next generation.
Moreover, several governments across the globe are taking initiatives to promote the adoption of electric vehicles, which is expected further to fuel the growth of the Park Lock Actuator market. For instance, the Indian government recently announced a range of incentives for electric vehicle manufacturers and buyers, including reduced GST rates and tax exemptions. Such initiatives are likely to increase the demand for electric vehicles in the country, which is expected to drive the demand for Park Lock Actuators. In conclusion, the Park Lock Actuator market is expected to witness significant growth in the coming years, owing to various factors, such as the increasing demand for advanced automotive safety systems and the rising adoption of electric vehicles. With several key players investing in the development of advanced Park Lock Actuator systems and governments taking initiatives to promote the adoption of electric vehicles, the future of the Park Lock Actuator market looks bright.
The growing demand for advanced safety features and the increasing production of vehicles worldwide drive the Park Lock Actuator market. The actuator is a crucial component in the vehicle's locking mechanism, ensuring that the transmission remains in the park position until the brake pedal is engaged. As the automotive industry evolves towards electrification and automation, the role of the Park Lock Actuator becomes even more critical, as it is necessary for the proper functioning of advanced safety features such as automatic emergency braking, lane departure warning, and blind-spot detection. Recently, several companies have made key developments in the Park Lock Actuator market. For instance, ZF Friedrichshafen, a German-based company, announced the development of a new intelligent Park Lock Actuator that uses artificial intelligence to optimize its performance. Another company, Brose, also introduced a new generation of Park Lock Actuators that use advanced sensors and electronics to ensure faster and more reliable operation. These advancements are expected to increase the demand for Park Lock Actuators and contribute to the market's growth. The government has also played a role in developing the Park Lock Actuator market.
For example, the US National Highway Traffic Safety Administration (NHTSA) has mandated the use of rearview cameras in all new vehicles, which require the Park Lock Actuator's integration. Additionally, governments worldwide are implementing regulations that mandate the installation of advanced safety features in vehicles, increasing the demand for Park Lock Actuators. In conclusion, the Park Lock Actuator market is driven by the increasing demand for advanced safety features and the automotive industry's evolving trends toward electrification and automation. The recent developments and key players in the market, such as ZF Friedrichshafen and Brose, are expected to fuel the market's growth further. Moreover, government regulations and mandates, such as the NHTSA in the US, also play a role in the market's development. As the automotive industry continues to evolve, the importance of the Park Lock Actuator in ensuring safety and proper vehicle functioning will only continue to grow.
The Park Lock Actuator market presents a significant opportunity for growth in the automotive industry as the demand for technologically advanced systems continues to rise. With consumers increasingly concerned about vehicle safety and convenience, there is a growing demand for systems that offer advanced automation and functionality. In recent years, several key players in the market have been investing heavily in developing advanced park lock actuator systems. For example, Kongsberg Automotive, a leading supplier of automotive components, has developed a range of park lock actuators that offer advanced automation and functionality, such as automatic release when the vehicle is started. Moreover, governments across the globe are also taking initiatives to promote the adoption of electric vehicles, which could further drive the demand for park lock actuator systems. For example, the European Union has announced plans to ban the sale of new gasoline and diesel cars by 2035, which is expected to accelerate the adoption of electric vehicles. As electric vehicles become more prevalent, the demand for advanced park lock actuator systems is expected to rise significantly.
Furthermore, with the increasing adoption of smart mobility solutions, such as autonomous driving and connected cars, the demand for advanced park lock actuator systems is expected to increase further. As vehicles become more connected and automated, the need for advanced park lock actuator systems that offer seamless integration with other vehicle systems is expected to rise. In conclusion, the growing demand for technologically advanced park lock actuator systems presents a significant opportunity for the market to expand its growth potential. With innovative solutions and government support, the market is expected to continue its upward trajectory in the coming years, providing new avenues for growth and expansion for market players.
The COVID-19 pandemic has brought about a catastrophic impact on the global automotive industry, forcing governments worldwide to implement nationwide lockdowns to curb the spread of the disease. While this approach may have helped limit the transmission of the virus, it has taken a severe toll on various industries, including the automobile sector. Many major automobile manufacturers have either closed down completely or are operating with minimal staff to ensure the safety of their employees. This, coupled with the prolonged reduction in customer demand, has significantly affected the industry. Various research studies have documented the consequences of the pandemic on the automobile industry, with some highlighting the stock market's depreciation value and lower returns for the automobile sector index. Additionally, a proposed hybrid model has identified the pandemic's adverse effects on the purchase decision-making process of automobiles, with factors such as household income, travel vulnerabilities, and epidemic severity affecting individuals' decision-making. These findings could help policymakers implement necessary measures to alleviate the crisis and revive the industry.
The COVID-19 pandemic had an unprecedented impact on the global economy, causing a synchronized negative shock that affected more than 90% of countries worldwide. The contraction in per capita GDP was the highest share of countries contracting simultaneously since the Great Depression of 1930-32, as the World Bank Global Outlook reported in 2020. The pandemic's shock propagated through three key channels: firstly, the disruption of global value chains; secondly, restrictions on international mobility, which affected economies and activities differently, depending on their exposure and preparedness; and thirdly, a reduction in cross-country remittances. These channels contributed to a deep dive in trade, with goods trade falling rapidly and adding to the economic decline in manufacturing countries. However, goods trade quickly recovered as demand shifted from contact-intensive services to goods, and global value chains showed considerable resilience to transitory disruptions in the first semester of the pandemic. Despite the recovery in goods trade, services trade remained below pre-crisis levels due to travel restrictions. As a result, the pandemic significantly impacted sectors such as tourism, hospitality, and transportation, which rely heavily on international travel. Governments and policymakers continue to implement measures to address the pandemic's economic fallout, such as fiscal and monetary policies, vaccine distribution, and travel restrictions. The world is slowly recovering from the pandemic's impact, but it will take time for the global economy to bounce back from the shock of COVID-19 fully.
The COVID-19 pandemic has significantly impacted various industries, including the automotive industry, which includes the park lock actuator market. A park lock actuator is an essential component of a vehicle's transmission system, which locks the transmission in the "park" position when the vehicle is parked. Due to the pandemic, there has been a significant decline in the demand for new vehicles, as people are hesitant to purchase new cars due to the uncertain economic situation. This, in turn, has affected the demand for park lock actuators, as they are primarily used in new vehicles. The pandemic has also disrupted the global supply chain, resulting in a shortage of raw materials and a delay in production and delivery. This has caused an increase in the prices of park lock actuators, making them less affordable for consumers. Furthermore, the closure of manufacturing plants and the implementation of lockdowns in various countries have caused a significant decline in the production and sales of park lock actuators, further affecting the market. However, with the gradual easing of restrictions and the resumption of economic activities, the market is expected to recover in the coming years. The increasing demand for electric and hybrid vehicles, which use park lock actuators, is also expected to drive the market's growth.
Impact Due to Restriction/Lockdown
The Park Lock Actuator Market is a niche segment within the automotive industry, highly dependent on the overall automobile demand. The outbreak of COVID-19 and the subsequent restrictions/lockdowns imposed by various governments worldwide have significantly impacted the automotive industry, including the park lock actuator market. The lockdowns and restrictions have led to a significant decline in the demand for automobiles due to the closure of manufacturing plants and dealerships. The decreased demand for automobiles, in turn, has led to a decline in the demand for park lock actuators. Moreover, the restrictions on movement and social distancing measures have reduced the usage of automobiles, leading to a further reduction in demand for park lock actuators. Furthermore, the pandemic has disrupted global supply chains, causing a shortage of raw materials and components required to produce park lock actuators. This has led to delays in the production and delivery of park lock actuators, further affecting the market demand. However, as the world gradually emerges from the pandemic and economies start to recover, the demand for automobiles is expected to increase, which will, in turn, lead to an increase in the demand for park lock actuators.
The increasing trend towards electric vehicles and autonomous driving is also expected to drive the demand for park lock actuators, an essential component of these technologies. In summary, the COVID-19 pandemic has significantly impacted the park lock actuator market, with a decline in demand due to reduced automobile usage and disruptions in the supply chain. However, the market is expected to recover as the global economy recovers and the trend toward electric vehicles and autonomous driving gains momentum.
Consumer Sentiments
The COVID-19 pandemic has significantly impacted the global economy and the automotive industry, including the Park Lock Actuator market. The pandemic has affected consumer sentiment toward purchasing vehicles and vehicle components such as Park Lock Actuators. During the initial stages of the pandemic, the global automotive industry experienced a significant decline in sales due to lockdowns, social distancing measures, and supply chain disruptions. This resulted in a decline in consumer demand for Park Lock Actuators. However, as lockdowns eased and economies began to recover, the demand for vehicles and automotive components increased. In some regions, consumers have shown an increased preference for personal vehicles instead of public transportation, further driving demand. However, consumer sentiments toward purchasing vehicles and automotive components remain uncertain due to ongoing pandemic-related uncertainties such as supply chain disruptions, semiconductor shortages, and economic instability. Additionally, the emergence of new variants of COVID-19 and the potential for future pandemics could continue to impact consumer sentiments and demand in the Park Lock Actuator market and the wider automotive industry.
While the Park Lock Actuator market is expected to grow significantly in the coming years, it also faces several restraints that could impact its growth potential. One primary constraint is the high cost of advanced park lock actuator systems. With consumers increasingly price-sensitive, the high cost of these systems could deter some from purchasing them, limiting the market growth. In recent years, several key players in the market have been working to develop more cost-effective park lock actuator systems. For instance, Continental, a leading automotive technology supplier, has been developing new parking brake solutions combining advanced functionality and cost-effectiveness. Similarly, Bosch, another prominent player in the market, has been investing in developing new electric parking brake systems that are both more efficient and affordable. Moreover, governments across the globe are also taking initiatives to reduce the cost of electric vehicles, which could further drive down the cost of park lock actuator systems. For example, in the United States, the federal government has announced plans to invest $15 billion in charging infrastructure and other measures to promote the adoption of electric vehicles.
Similarly, the Chinese government has been providing subsidies and incentives to electric vehicle manufacturers and buyers, which has helped to reduce the cost of electric vehicles in the country. In conclusion, while the high cost of park lock actuator systems remains a significant restraint for the market, several key players and governments are taking initiatives to address this challenge. With cost-effective solutions on the horizon, the market is expected to continue its growth trajectory in the coming years. However, market players will need to remain innovative and responsive to consumer needs to overcome this challenge and unlock the full growth potential of the Park Lock Actuator market.
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Profiles of 103 companies operating in the Park Lock Actuator Market market, including revenue, employee count, and market positioning where available.
Showing 103 of 103 companies
Company Headquarters: Amsterdam, The Netherlands Founded: 1859 Workforce: ~2,753 Company Working: Kendrion N.V. (Kendrion) is a leading global advanced company which is focused on actuator products that support the transition towards clean energy. The company is involved in designing, manufacturing and supply of intelligent actuators that help advance the global push in the direction of electrification and sustainable energy. The products manufactured by Kendrion are compact and its connected actuators can be found in several electric vehicles, wind power, robots, factory automation, energy distribution and industrial heating processes. As a technology pioneer and innovator, the company has vast experience of over 100 years and its footprint extends across Europe to the Americas and Asia. Kendrion has split its Automotive Group, to increase its focus on clean energy. Automotive E Group is responsible for products relevant to electric vehicles with profitable growth and innovation as its main goals and the Automotive Core Group handles the combustion engine-related business with cash and cashflow as its KPIs.
Company Headquarters: Regensburg, Germany Founded: 2021 Workforce: ~37,488 Company Working: Vitesco Technologies GmbH (Vitesco) is a leading supplier of modern drive technologies and electrification solutions for automotive vehicles. Vitesco earlier was a business area of Continental AG until September 2021. The company operates into various business segments such as electrification technology, electronics control, sensing & actuation, contract manufacturing and others. The company’s broad array of products is used in several automotive vehicles all over the world and helps the auto manufacturers to meet the stringent code and regulatory requirements with its highly engineered products. The product portfolio consists of electric drive units, electronic controls, sensors, actuators, and other systems & solutions for treating exhaust gases. The company has its development and production sites at 50 different locations, in all growing markets like North America, Europe, and China.
Company Headquarters: Novi, Michigan, U.S. Founded: 1965 Workforce: ~5,000 Company Working: Stoneridge Inc. (Stoneridge) is a leading American company involved in designing and manufacturing of highly engineered electrical & electronic systems, components & modules, mainly for the commercial vehicles, motorcycles, agricultural and off-highway vehicle markets. The company operates its business in three main reportable segments like, control devices, electronics, and Stoneridge Brazil. Stoneridge is meeting the global needs of the mobility industry by providing solutions that power vehicle intelligence, increase efficiency, lessen the vehicle emissions, and improve safety & security of vehicles, cargo and drivers. The company’s global footprint involves 25 locations in 15 countries.
Company Headquarters: France Founded: 1923 Workforce: ~ 109,900 Company Working: Valeo is a global automotive supplier and partner to manufacturers. As a technology company, it develops novel solutions for smart transportation, with a special emphasis on intuitive driving and lowering CO 2 emissions. The company supplies auto parts in four business segments: comfort and driving assistance, powertrain systems, thermal systems, and visibility systems. In comfort and driving, the firm creates technology aimed at more autonomous and automated driving experiences. The powertrain segment produces full electrification solutions for urban cars and hybridization systems for all vehicles. Within the thermal area, Valeo manufactures car HVAC systems, engine and battery temperature management devices, and air-quality control solutions. The visibility division is responsible for the production of interior and exterior car lights as well as windscreen wipers. Valeo's operational profits are distributed uniformly across all of its business sectors. It has 187 plants, 65 research and development centers, and 15 distribution platforms in 33 countries across the globe. The company has operations in the U.S, Europe, Asia, France, and Africa.
Company Headquarters: Chicago, U.S. Founded: 1946 Workforce: ~4,566 Company Working: Methode Sensor Technologies (Methode) is part of Methode Electronics company and is focused on the design and development of core sensor solutions for a global automotive and industrial customer. The company is involved in manufacturing sensors in the millions across 7 production facilities worldwide. It is continuously investing in advanced development and manufacturing capabilities to provide its global customers with the modern technologies and best-in-class quality. Methode utilizes its highly vertically integrated best-in-class manufacturing capabilities to produce its designs.
Company Headquarters: Lyon, France Founded: 1936 Workforce: ~1,800 Company Working: EFI Automotive (EFI) is a leading global automotive technology company that specializes in the design, development and manufacturing of sensors, actuators and activators that improve the powertrain & transmission efficiency. The company is involved in developing e-mobility solutions and improved vehicle dynamics. EFI provides its customers and partners with local service and advanced solutions altered to their needs. It has quite a few high-performance production facilities and research & technological development centers on numerous continents. The company is a recognized operator in the automotive industry for the past 80 years.
8 interactive charts drawn from the Park Lock Actuator Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Park Lock Actuator Market By Application
Global Park Lock Actuator Market By Product Type
Global Park Lock Actuator Market Brazil, Argentina and Rest Of South America
Global Park Lock Actuator Market Saudi Arabia, South Africa, UAE and Rest Of Middle East And Africa
Global Park Lock Actuator Market China, India, Japan, South Korea, Australia and Rest Of Asia Pacific By Country
Global Park Lock Actuator Market Germany, United Kingdom, France, Spain, Italy and Rest Of Europe By Country
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Thanks for sending the report it gives us a good global view of the Betaïne market.
Senior Retail Manager, LG Chem
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Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
