What is Global Parking Lock Actuator for Electric Vehicles Market?
The Global Parking Lock Actuator for Electric Vehicles Market is a specialized segment within the automotive industry that focuses on the development and distribution of parking lock actuators specifically designed for electric vehicles (EVs).
Electric Parking Lock Actuators, Hydraulic Parking Lock Actuators in the Global Parking Lock Actuator for Electric Vehicles Market:
These actuators are crucial components that ensure the safe and secure parking of EVs by locking the vehicle in place when it is stationary.
Electric Vehicle (EV), Hybrid Electric Vehicle(HEV) in the Global Parking Lock Actuator for Electric Vehicles Market:
As the adoption of electric vehicles continues to rise globally, driven by environmental concerns and advancements in technology, the demand for efficient and reliable parking lock actuators has also increased.
Global Parking Lock Actuator for Electric Vehicles Market Outlook:
These devices are engineered to meet the unique requirements of electric vehicles, which often differ from traditional internal combustion engine vehicles in terms of weight distribution, braking systems, and electronic controls.
| Report Metric | Details |
| Report Name | Parking Lock Actuator for Electric Vehicles 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 |
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| by Application |
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| Production by Region |
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| Consumption by Region |
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| 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 |
