PARK LOCK ACTUATOR MARKET

KEY FINDINGS

1. China will be the biggest market in terms of volume but steep growth is expected in emerging economies such as India and Latin America due to rising penetration of automatic vehicles in these regions.​
2. The Park Lock Actuator market will be strongly influenced by the adoption of Electric Vehicles since the adoption of EVs is more rapid around the world
3. Many countries and few OEMs have plans to phase out ICE vehicles in the upcoming years and many regions have already mandated the installment of a mechanism apart from the service brake to prevent the unintentional rollaway of the vehicle after it has been parked.   ​
4. Shift-by-wire systems are becoming increasingly popular in vehicles. These systems use electronic signals to control the transmission, which eliminates the need for a mechanical shift lever. This makes it possible to integrate the park lock actuator into the shift lever, which simplifies the design and reduces the cost of the system​
5. Brushed DC Motor occupies the major share in the type of motor used in Park Lock Actuators. By the end of the forecast period Brushless DC Motor will occupy the major share in the type of motor used in Park Lock Actuators ​
6. Dura Automotive, EFI Automotive, Methode Sensor Technologies, Vitesco, Stoneridge, Ficosa, Schaeffler, etc., are the top players in the market.​
7. The overall market is concentrated by big names and scattered by many tier-2 suppliers such as Parker Haniffin, Rotork, Eaton, MISUMI and others.​
8. Penetration of Automatic Transmission is high in countries such as the US and Japan with over 90% of the vehicles are of automatic transmission. Whereas countries like China, UK and the rest of Europe are rapidly adapting from Manual to Automatic Transmission. Europe which is more inclined towards Manual Transmission has, in recent years, shifted more towards Automatic Transmission. Automatic Transmission accounted to only 19% in 2012 in Europe whereas it occupies over 50% of the cars sold in 2022.

INTRODUCTION TO PARK LOCK ACTUATOR MARKET

The Vehicle when stopped in neutral, park lock seems to be the function that prevents unwanted movement. A short link/shaft that pushes the park lock key in between the two teeth of any of the gears is powered by an electrically controlled solenoid (gearbox or differential gear). The maximum rpm of the car's tyres during this process is 4.

The park lock key does not engage if the rpm is higher than this. As a result, when the park lock key is pressed between any of the gear's two teeth by the park lock actuator, the gear's rotation is restricted even more.

PARK LOCK ACTUATOR MARKET SIZE AND FORECAST

The Global Park Lock Actuator Market is estimated to be worth $ XX billion by 2030, and is expected to grow at a compound annual growth rate (CAGR) of YY%. Another report projects that the market will reach $XX billion by 2030, growing at a CAGR of YY% from 2024 to 2030.

PARK LOCK ACTUATOR MARKET DEVELOPMENTS AND INNOVATIONS

NEW PRODUCT DEVELOPMENT IN THE PARK LOCK ACTUATOR MARKET

Mazaro is developing different types of transmission for better performance and efficiency. Reversible variable transmission (RVT), offering an overdrive speed ratio of 2.6 over standstill to reverse without traction interruption. Initial findings suggest that in city buses, this could slash fuel consumption and emissions by 11-19% compared to an automatic transmission (AT).

Volkswagen launched new cutting-edge, green technology. The new generation of gearboxes makes it possible to reduce CO2 emissions by up to five grams per kilometer by optimizing the roller bearings and minimizing the friction of seal lips. 

Schaeffler has introduced two solutions for internal combustion engines, hybridized and electrified powertrains: a highly integrated electromechanical actuator for multi-speed electric axles and an integrated parking lock actuator.

Chevrolet launched Supermatic 6L80-E, a deep 4.02:1 first gear enables strong launch performance, while the 0.67:1 top gear supports balanced performance on the highway. It is designed for use with Chevrolet Performance’s LS, LSX, and LT crate engines in 2WD applications, and LS and LSX crate engines in 4WD applications. 

PARK LOCK ACTUATOR MARKET COMPETITIVE LANDSCAPE

Sensors that are trustworthy and accurate are critical to the success of any transmission system's constant evolution. Intelligent actuating devices, which execute optimal and smooth gear actuation, are required for high-performance and efficient transmission systems.The parking lock is a safety and security feature that prevents the car from moving unintentionally when the ignition is turned off, as well as providing anti-theft protection. It's either managed or not. 

Stoneridge is a leading mobiliser of actuator modules in the market. The latest integration has been electromechanical park lock actuators can be employed in hybrid and electric vehicles, as well as in vehicles with advanced driver assistance systems. Park-by-wire systems take over the function that was formerly controlled by the vehicle's shift lever.

It may be tacked on to existing transmissions, which frees up cabin space. These sophisticated actuators are also compatible with ICE vehicles. It has the ability to take over the function ordinarily controlled by the vehicle's shift lever.

Valeo Systems is part of the component manufacturers trending companies in the current industry. Inside dual-clutch transmissions, torque converter gearboxes, and variable frequency transmission systems, the park lock actuator activates the device that prohibits parked vehicles from rolling away.

In dual-clutch gearboxes, the conditioning oil methods were used to collect that oil is properly diverted from of the primary oil flow to cool the dual-clutch. In electronically controlled gearboxes and dual-clutch transmissions, gear shift cylinders and gear shift modules are used.

PARK LOCK ACTUATOR MARKET SEGMENTATION

Park Lock Actuator Market By Geography

• US
• China
• Europe
• Japan
• India
• Latin America
• ROW

Park Lock Actuator Market By Vehicle Type

• ICE
• Plug-in Electric
• Hybrid EV

Park Lock Actuator Market By OEM

• Toyota
• Volkswagen Group
• Stellantis
• General Motors
• Hyundai
• Ford
• Tata Motors

PARK LOCK ACTUATOR MARKET COMPANIES PROFILED

• Stoneridge Inc.
• Vitesco Technologies
• Efiautomotive
• Oechsler
• Ficosa
• 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