Global Electronic Park Lock Actuator (EPLA) Market Growth 2025-2031

The global Electronic Park Lock Actuator (EPLA) market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Electronic park lock actuator (EPLA) has been designed for use in the latest automotive transmissions including EV applications. The Park Lock function is required for vehicles with automatic transmissions, in particular for electric or highly hybridized vehicles, in order to immobilize the vehicle during the parking phase and guarantee the safety of nearby people and property.Actuator is an electromechanical device, formed by DC electrical motor, an optimized mechanical transmission and an electronic control unit, communicated with the vehicle by CAN, LIN, PWM interface.

The traditional mechanical shifter system with cables or rod are replaced by electronic Shift-by-wire mechanism and actuator in the gearbox saving weight, space and improving interior design.​

The strong growth in the electrification of drive chains, reinforced by the growth in the automation of vehicles, has led to the implementation of electric actuators, whose action consists of activating a trigger in a toothed wheel in order to create positive locking of the transmission and immobilize the vehicle.

LP Information, Inc. (LPI) ' newest research report, the “Electronic Park Lock Actuator (EPLA) Industry Forecast” looks at past sales and reviews total world Electronic Park Lock Actuator (EPLA) sales in 2024, providing a comprehensive analysis by region and market sector of projected Electronic Park Lock Actuator (EPLA) sales for 2025 through 2031. With Electronic Park Lock Actuator (EPLA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electronic Park Lock Actuator (EPLA) industry.

This Insight Report provides a comprehensive analysis of the global Electronic Park Lock Actuator (EPLA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electronic Park Lock Actuator (EPLA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electronic Park Lock Actuator (EPLA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Park Lock Actuator (EPLA) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Park Lock Actuator (EPLA).

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Park Lock Actuator (EPLA) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
ASIL A
ASIL B
ASIL C
ASIL D

Segmentation by Application:
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Methode
EFI Group
Ficosa
Stoneridge Inc.
Vitesco Technologies
Oechsler
Autoliv Inc.
Takata Corporation
Daicel Corporation
Hyundai Mobis
Piezo Technologies
Kistler Group
Arm Holding
Borgwarner Inc
Continental AG
Denso Corporation
Robert Bosch Gmbh
Valeo
Veoneer Inc
ZF Friedrichshafen AG
Kongsberg Automotive
Johnson Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electronic Park Lock Actuator (EPLA) market?

What factors are driving Electronic Park Lock Actuator (EPLA) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electronic Park Lock Actuator (EPLA) market opportunities vary by end market size?

How does Electronic Park Lock Actuator (EPLA) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.