Global Park Lock Actuator Market Growth 2025-2031
Description
The global Park Lock Actuator market size is predicted to grow from US$ 1048 million in 2025 to US$ 1275 million in 2031; it is expected to grow at a CAGR of 3.3% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Park Lock Actuator is an electronic component used in the vehicle's automatic transmission system, mainly used to ensure the safety of the vehicle when parked. It is usually connected to the vehicle's transmission control system and can automatically lock the transmission to prevent the vehicle from accidentally moving when parked.
Specifically, when the vehicle is in the parking gear (P gear), the parking lock actuator will lock the power transmission between the transmission and the wheels through the electronic control system to prevent the vehicle from rolling. It can be controlled by electrical signals and work in conjunction with the vehicle's electronic control unit (ECU) to ensure that it cannot be disengaged from the parking gear under inappropriate circumstances.
The Park Lock Actuator is an indispensable safety component in the automatic transmission system of modern automobiles. It is responsible for locking the transmission when the vehicle is parked to prevent the vehicle from accidentally sliding. With the continuous development of the automotive industry, especially the promotion of electrification and autonomous driving technology, the demand for Park Lock Actuators in the global market has shown a steady growth trend. This growth is mainly due to the rapid development of the automotive industry, the popularity of electric vehicles (EV) and hybrid electric vehicles (HEV), and the gradual tightening of global safety regulations.
In terms of market status, Park Lock Actuators are facing the rapid development of automation and intelligent technology. This new system has higher precision and flexibility, can support functions such as self-diagnosis and remote control, and further improves the safety and convenience of the vehicle. At the same time, with the acceleration of the electrification trend, the application of Park Lock Actuators in electric vehicles is also growing. Electric vehicles have higher requirements for safety, intelligence and energy efficiency, which has prompted the innovation and optimization of Park Lock Actuator technology.
In the future, the development of Park Lock Actuators will focus on intelligence and integration. With the continuous advancement of autonomous driving technology, parking lock actuators will be deeply integrated with the on-board electronic control unit (ECU), with stronger automatic control, remote monitoring and system self-diagnosis capabilities, and can work with the autonomous driving system to further enhance the safety of the vehicle and the driving experience. In addition, the popularity of electric vehicles will drive the development of parking lock actuators in the direction of lightweight and low power consumption to meet the stringent requirements of electric vehicles for driving range and energy efficiency. At the same time, with the diversification of the global automotive industry market, the automotive market demand in the Asia-Pacific region, especially in China and India, will become an important growth point for the parking lock actuator market. The increasing number of production bases of automobile manufacturers in these regions has driven the growth in demand for parking lock actuators.
LP Information, Inc. (LPI) ' newest research report, the “Park Lock Actuator Industry Forecast” looks at past sales and reviews total world Park Lock Actuator sales in 2024, providing a comprehensive analysis by region and market sector of projected Park Lock Actuator sales for 2025 through 2031. With Park Lock Actuator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Park Lock Actuator industry.
This Insight Report provides a comprehensive analysis of the global Park Lock Actuator 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 Park Lock Actuator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Park Lock Actuator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Park Lock Actuator 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 Park Lock Actuator.
This report presents a comprehensive overview, market shares, and growth opportunities of Park Lock Actuator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Hydraulic
Electric
Segmentation by Application:
Fuel Vehicles
New Energy Vehicles
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.
Stoneridge
Dura Automotive
Vitesco Technologies
Efiautomotive
Oechsler
Ficosa
Schaeffler
Bitron
Valeo
Kongsberg Automotive
JOPP Group
Bosch
EFI Automotive
Johnson Electric
Zhaowei Machinery and Electronic
Marelli
Key Questions Addressed in this Report
What is the 10-year outlook for the global Park Lock Actuator market?
What factors are driving Park Lock Actuator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Park Lock Actuator market opportunities vary by end market size?
How does Park Lock Actuator break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Park Lock Actuator is an electronic component used in the vehicle's automatic transmission system, mainly used to ensure the safety of the vehicle when parked. It is usually connected to the vehicle's transmission control system and can automatically lock the transmission to prevent the vehicle from accidentally moving when parked.
Specifically, when the vehicle is in the parking gear (P gear), the parking lock actuator will lock the power transmission between the transmission and the wheels through the electronic control system to prevent the vehicle from rolling. It can be controlled by electrical signals and work in conjunction with the vehicle's electronic control unit (ECU) to ensure that it cannot be disengaged from the parking gear under inappropriate circumstances.
The Park Lock Actuator is an indispensable safety component in the automatic transmission system of modern automobiles. It is responsible for locking the transmission when the vehicle is parked to prevent the vehicle from accidentally sliding. With the continuous development of the automotive industry, especially the promotion of electrification and autonomous driving technology, the demand for Park Lock Actuators in the global market has shown a steady growth trend. This growth is mainly due to the rapid development of the automotive industry, the popularity of electric vehicles (EV) and hybrid electric vehicles (HEV), and the gradual tightening of global safety regulations.
In terms of market status, Park Lock Actuators are facing the rapid development of automation and intelligent technology. This new system has higher precision and flexibility, can support functions such as self-diagnosis and remote control, and further improves the safety and convenience of the vehicle. At the same time, with the acceleration of the electrification trend, the application of Park Lock Actuators in electric vehicles is also growing. Electric vehicles have higher requirements for safety, intelligence and energy efficiency, which has prompted the innovation and optimization of Park Lock Actuator technology.
In the future, the development of Park Lock Actuators will focus on intelligence and integration. With the continuous advancement of autonomous driving technology, parking lock actuators will be deeply integrated with the on-board electronic control unit (ECU), with stronger automatic control, remote monitoring and system self-diagnosis capabilities, and can work with the autonomous driving system to further enhance the safety of the vehicle and the driving experience. In addition, the popularity of electric vehicles will drive the development of parking lock actuators in the direction of lightweight and low power consumption to meet the stringent requirements of electric vehicles for driving range and energy efficiency. At the same time, with the diversification of the global automotive industry market, the automotive market demand in the Asia-Pacific region, especially in China and India, will become an important growth point for the parking lock actuator market. The increasing number of production bases of automobile manufacturers in these regions has driven the growth in demand for parking lock actuators.
LP Information, Inc. (LPI) ' newest research report, the “Park Lock Actuator Industry Forecast” looks at past sales and reviews total world Park Lock Actuator sales in 2024, providing a comprehensive analysis by region and market sector of projected Park Lock Actuator sales for 2025 through 2031. With Park Lock Actuator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Park Lock Actuator industry.
This Insight Report provides a comprehensive analysis of the global Park Lock Actuator 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 Park Lock Actuator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Park Lock Actuator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Park Lock Actuator 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 Park Lock Actuator.
This report presents a comprehensive overview, market shares, and growth opportunities of Park Lock Actuator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Hydraulic
Electric
Segmentation by Application:
Fuel Vehicles
New Energy Vehicles
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.
Stoneridge
Dura Automotive
Vitesco Technologies
Efiautomotive
Oechsler
Ficosa
Schaeffler
Bitron
Valeo
Kongsberg Automotive
JOPP Group
Bosch
EFI Automotive
Johnson Electric
Zhaowei Machinery and Electronic
Marelli
Key Questions Addressed in this Report
What is the 10-year outlook for the global Park Lock Actuator market?
What factors are driving Park Lock Actuator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Park Lock Actuator market opportunities vary by end market size?
How does Park Lock Actuator break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
127 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Park Lock Actuator by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Park Lock Actuator by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
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