Thursday, June 12, 2025

Global Automotive Parking Lock Actuators Market Research Report 2025

What is Global Automotive Parking Lock Actuators Market?

The Global Automotive Parking Lock Actuators Market is a specialized segment within the automotive industry that focuses on the development and distribution of actuators used in parking lock systems. These actuators are crucial components in modern vehicles, ensuring that the parking lock mechanism functions effectively to prevent unintended vehicle movement when parked. As vehicles become more advanced, the demand for reliable and efficient parking lock actuators has increased. This market encompasses a variety of actuator types, including electric and hydraulic, each offering distinct advantages depending on the vehicle's design and requirements. The growth of this market is driven by the increasing adoption of advanced safety features in vehicles, the rise of electric and hybrid vehicles, and the overall trend towards automation in the automotive sector. As manufacturers strive to enhance vehicle safety and convenience, the role of parking lock actuators becomes increasingly significant, making this market a vital component of the broader automotive industry landscape.

Automotive Parking Lock Actuators Market

Electric Parking Lock Actuators, Hydraulic Parking Lock Actuators in the Global Automotive Parking Lock Actuators Market:

Electric Parking Lock Actuators are a key component in the Global Automotive Parking Lock Actuators Market, offering a modern solution for vehicle parking systems. These actuators utilize electric motors to engage and disengage the parking lock mechanism, providing precise control and quick response times. The primary advantage of electric actuators is their ability to integrate seamlessly with electronic vehicle systems, allowing for advanced features such as remote operation and integration with vehicle security systems. This makes them particularly suitable for electric vehicles (EVs) and hybrid electric vehicles (HEVs), where electronic systems are already prevalent. On the other hand, Hydraulic Parking Lock Actuators operate using hydraulic pressure to control the parking lock mechanism. These actuators are known for their robustness and ability to generate significant force, making them ideal for larger vehicles or those requiring a more heavy-duty locking mechanism. Hydraulic actuators are often used in commercial vehicles and heavy-duty applications where durability and reliability are paramount. Both electric and hydraulic actuators play a crucial role in ensuring vehicle safety and stability when parked, and their selection often depends on the specific requirements of the vehicle and its intended use. As the automotive industry continues to evolve, the demand for both types of actuators is expected to grow, driven by the increasing complexity and sophistication of modern vehicles.

Electric Vehicle (EV), Hybrid Electric Vehicle(HEV) in the Global Automotive Parking Lock Actuators Market:

The usage of Global Automotive Parking Lock Actuators Market in Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) is becoming increasingly significant as these vehicle types gain popularity. In EVs, electric parking lock actuators are particularly advantageous due to their compatibility with the vehicle's existing electronic systems. These actuators can be easily integrated into the vehicle's control system, allowing for features such as automatic parking lock engagement when the vehicle is turned off, or remote operation via a smartphone app. This enhances the convenience and safety of EVs, making them more appealing to consumers. In HEVs, the integration of parking lock actuators is equally important. These vehicles often have complex powertrain systems that require precise control and coordination. Electric actuators can provide the necessary precision and responsiveness, ensuring that the parking lock mechanism operates smoothly and reliably. Additionally, the use of hydraulic actuators in HEVs can offer the robustness needed for vehicles that may have higher weight or require more force to secure the parking lock. As the market for EVs and HEVs continues to grow, the demand for advanced parking lock actuators is expected to increase, driven by the need for enhanced safety, convenience, and integration with modern vehicle systems.

Global Automotive Parking Lock Actuators Market Outlook:

The global market for Automotive Parking Lock Actuators was valued at approximately $1,783 million in 2024, and it is anticipated to expand significantly, reaching an estimated size of $5,727 million by 2031. This growth represents a compound annual growth rate (CAGR) of 18.4% over the forecast period. This impressive growth trajectory underscores the increasing importance of parking lock actuators in the automotive industry, driven by the rising demand for advanced safety features and the growing adoption of electric and hybrid vehicles. As the automotive landscape continues to evolve, the role of parking lock actuators becomes more critical, ensuring vehicle stability and safety when parked. The market's expansion is also fueled by technological advancements and the integration of these actuators into modern vehicle systems, offering enhanced functionality and convenience for consumers. As manufacturers continue to innovate and develop new solutions, the global market for automotive parking lock actuators is poised for substantial growth, reflecting the broader trends towards automation and electrification in the automotive sector.


Report Metric Details
Report Name Automotive Parking Lock Actuators Market
Accounted market size in year US$ 1783 million
Forecasted market size in 2031 US$ 5727 million
CAGR 18.4%
Base Year year
Forecasted years 2025 - 2031
by Type
  • Electric Parking Lock Actuators
  • Hydraulic Parking Lock Actuators
by Application
  • Electric Vehicle (EV)
  • Hybrid Electric Vehicle(HEV)
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Bosch, Stoneridge, Bitron, Valeo, Schaeffler, Kongsberg Automotive, DENSO, ASIN, Dura-Shiloh, Vitesco Technologies, EFI Automotive, JOPP Group, Johnson Electric, Zhaowei, Ningbo Gaofa
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

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