Global Automotive Park Lock Actuators Market Growth 2025-2031
The global Automotive Park Lock Actuators market size is predicted to grow from US$ 2033 million in 2025 to US$ 5800 million in 2031; it is expected to grow at a CAGR of 19.1% from 2025 to 2031.
Parking lock actuators are electromechanical devices used to control the movement and operation of parking lock systems, which are used to secure parking spaces and prevent unauthorized access.
Key Features
- Automated parking solutions
- Improved parking space utilization
- Enhanced security and access control
- Integration with smart technologies
Segmentation by Type
- Electric Parking Lock Actuators
- Hydraulic Parking Lock Actuators
Segmentation by Application
- Electric Vehicle (EV)
- Hybrid Electric Vehicle (HEV)
Market by Region
- Americas
- APAC
- Europe
- Middle East & Africa
Company Coverage
- Bosch
- Stoneridge
- Bitron
- Valeo
- Schaeffler
- ZF
- Kongsberg Automotive
- Dura-Shiloh
- Vitesco Technologies
- EFI Automotive
- JOPP Group
- Johnson Electric
- Zhaowei
Key Questions Addressed in this Report
- What is the 10-year outlook for the global Automotive Park Lock Actuators market?
- What factors are driving Automotive Park Lock Actuators market growth, globally and by region?
- Which technologies are poised for the fastest growth by market and region?
- How do Automotive Park Lock Actuators market opportunities vary by end market size?
- How does Automotive Park Lock Actuators break out by Type, by Application?
Frequently Asked Questions
Automotive Park Lock Actuators report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Automotive Park Lock Actuators report is categorised based on following features:
- Global Market Players
- Geopolitical regions
- Consumer Insights
- Technological advancement
- Historic and Future Analysis of the Market
Automotive Park Lock Actuators report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.