Parking Lock Actuators Market, Global Outlook and Forecast 2023-2029

Report ID: MMG301155 | Category: Automobile & Transportation | Pages: 72 | Format: PDF | Published Date: December 08,2023

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Report Summary

The global Parking Lock Actuators market was valued at US$ 1152.4 million in 2022 and is projected to reach US$ 3586.7 million by 2029, at a CAGR of 17.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Parking Lock Actuators market refers to the industry involved in the production and distribution of actuators specifically designed for parking lock systems. 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.
Parking lock systems are commonly used in parking lots, garages, and private driveways to reserve parking spaces or control access to designated areas. The actuators in these systems are responsible for raising and lowering the parking locks, allowing or restricting access to the parking spaces.
The market for parking lock actuators has witnessed growth due to the increasing demand for efficient parking management systems and the need for enhanced security in parking facilities. Factors such as urbanization, the growing number of vehicles, and the need to optimize parking space utilization have contributed to the market's expansion.
Key players in the parking lock actuators market include manufacturers, suppliers, and distributors of actuators and related components. These companies offer a range of actuators with different specifications, power options, and control mechanisms to meet the specific requirements of parking lock systems.
The market is driven by factors such as the need for automated parking solutions, improved parking space utilization, enhanced security and access control, and the integration of parking management systems with smart technologies. Actuators that offer features such as remote control operation, programmable settings, and compatibility with parking management software are in high demand.
Geographically, the market for parking lock actuators is global, with demand coming from various regions including North America, Europe, Asia Pacific, and the rest of the world. The market growth is influenced by factors such as urban development, infrastructure projects, and the expansion of commercial and residential spaces.
Additionally, advancements in actuator technology, such as the development of more compact and efficient actuators, improved durability and reliability, and the integration of wireless communication capabilities, are expected to drive the market forward. These advancements aim to provide better user experience, increased functionality, and seamless integration with parking management systems.
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.
This report aims to provide a comprehensive presentation of the global market for Parking Lock Actuators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Parking Lock Actuators. This report contains market size and forecasts of Parking Lock Actuators in global, including the following market information:
Global Parking Lock Actuators Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Parking Lock Actuators Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Parking Lock Actuators companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Parking Lock Actuators manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Parking Lock Actuators Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Parking Lock Actuators Market Segment Percentages, by Type, 2022 (%)
    Electric Parking Lock Actuators
    Hydraulic Parking Lock Actuators
Global Parking Lock Actuators Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Parking Lock Actuators Market Segment Percentages, by Application, 2022 (%)
    Electric Vehicle (EV)
    Hybrid Electric Vehicle(HEV)
Global Parking Lock Actuators Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Parking Lock Actuators Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Parking Lock Actuators revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Parking Lock Actuators revenues share in global market, 2022 (%)
Key companies Parking Lock Actuators sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Parking Lock Actuators sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Bosch
    Stoneridge
    Bitron
    Valeo
    Schaeffler
    ZF
    Kongsberg Automotive
    Dura-Shiloh
    Vitesco Technologies
    EFI Automotive
    JOPP Group
    Johnson Electric
    Zhaowei
Outline of Major Chapters:
Chapter 1: Introduces the definition of Parking Lock Actuators, market overview.
Chapter 2: Global Parking Lock Actuators market size in revenue and volume.
Chapter 3: Detailed analysis of Parking Lock Actuators manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Parking Lock Actuators in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Parking Lock Actuators capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Parking Lock Actuators Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Parking Lock Actuators Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Parking Lock Actuators Overall Market Size
    2.1 Global Parking Lock Actuators Market Size: 2022 VS 2029
    2.2 Global Parking Lock Actuators Revenue, Prospects & Forecasts: 2018-2029
    2.3 Global Parking Lock Actuators Sales: 2018-2029
3 Company Landscape
    3.1 Top Parking Lock Actuators Players in Global Market
    3.2 Top Global Parking Lock Actuators Companies Ranked by Revenue
    3.3 Global Parking Lock Actuators Revenue by Companies
    3.4 Global Parking Lock Actuators Sales by Companies
    3.5 Global Parking Lock Actuators Price by Manufacturer (2018-2023)
    3.6 Top 3 and Top 5 Parking Lock Actuators Companies in Global Market, by Revenue in 2022
    3.7 Global Manufacturers Parking Lock Actuators Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Parking Lock Actuators Players in Global Market
        3.8.1 List of Global Tier 1 Parking Lock Actuators Companies
        3.8.2 List of Global Tier 2 and Tier 3 Parking Lock Actuators Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Parking Lock Actuators Market Size Markets, 2022 & 2029
        4.1.2 Electric Parking Lock Actuators
        4.1.3 Hydraulic Parking Lock Actuators
    4.2 By Type - Global Parking Lock Actuators Revenue & Forecasts
        4.2.1 By Type - Global Parking Lock Actuators Revenue, 2018-2023
        4.2.2 By Type - Global Parking Lock Actuators Revenue, 2024-2029
        4.2.3 By Type - Global Parking Lock Actuators Revenue Market Share, 2018-2029
    4.3 By Type - Global Parking Lock Actuators Sales & Forecasts
        4.3.1 By Type - Global Parking Lock Actuators Sales, 2018-2023
        4.3.2 By Type - Global Parking Lock Actuators Sales, 2024-2029
        4.3.3 By Type - Global Parking Lock Actuators Sales Market Share, 2018-2029
    4.4 By Type - Global Parking Lock Actuators Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Parking Lock Actuators Market Size, 2022 & 2029
        5.1.2 Electric Vehicle (EV)
        5.1.3 Hybrid Electric Vehicle(HEV)
    5.2 By Application - Global Parking Lock Actuators Revenue & Forecasts
        5.2.1 By Application - Global Parking Lock Actuators Revenue, 2018-2023
        5.2.2 By Application - Global Parking Lock Actuators Revenue, 2024-2029
        5.2.3 By Application - Global Parking Lock Actuators Revenue Market Share, 2018-2029
    5.3 By Application - Global Parking Lock Actuators Sales & Forecasts
        5.3.1 By Application - Global Parking Lock Actuators Sales, 2018-2023
        5.3.2 By Application - Global Parking Lock Actuators Sales, 2024-2029
        5.3.3 By Application - Global Parking Lock Actuators Sales Market Share, 2018-2029
    5.4 By Application - Global Parking Lock Actuators Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
    6.1 By Region - Global Parking Lock Actuators Market Size, 2022 & 2029
    6.2 By Region - Global Parking Lock Actuators Revenue & Forecasts
        6.2.1 By Region - Global Parking Lock Actuators Revenue, 2018-2023
        6.2.2 By Region - Global Parking Lock Actuators Revenue, 2024-2029
        6.2.3 By Region - Global Parking Lock Actuators Revenue Market Share, 2018-2029
    6.3 By Region - Global Parking Lock Actuators Sales & Forecasts
        6.3.1 By Region - Global Parking Lock Actuators Sales, 2018-2023
        6.3.2 By Region - Global Parking Lock Actuators Sales, 2024-2029
        6.3.3 By Region - Global Parking Lock Actuators Sales Market Share, 2018-2029
    6.4 North America
        6.4.1 By Country - North America Parking Lock Actuators Revenue, 2018-2029
        6.4.2 By Country - North America Parking Lock Actuators Sales, 2018-2029
        6.4.3 US Parking Lock Actuators Market Size, 2018-2029
        6.4.4 Canada Parking Lock Actuators Market Size, 2018-2029
        6.4.5 Mexico Parking Lock Actuators Market Size, 2018-2029
    6.5 Europe
        6.5.1 By Country - Europe Parking Lock Actuators Revenue, 2018-2029
        6.5.2 By Country - Europe Parking Lock Actuators Sales, 2018-2029
        6.5.3 Germany Parking Lock Actuators Market Size, 2018-2029
        6.5.4 France Parking Lock Actuators Market Size, 2018-2029
        6.5.5 U.K. Parking Lock Actuators Market Size, 2018-2029
        6.5.6 Italy Parking Lock Actuators Market Size, 2018-2029
        6.5.7 Russia Parking Lock Actuators Market Size, 2018-2029
        6.5.8 Nordic Countries Parking Lock Actuators Market Size, 2018-2029
        6.5.9 Benelux Parking Lock Actuators Market Size, 2018-2029
    6.6 Asia
        6.6.1 By Region - Asia Parking Lock Actuators Revenue, 2018-2029
        6.6.2 By Region - Asia Parking Lock Actuators Sales, 2018-2029
        6.6.3 China Parking Lock Actuators Market Size, 2018-2029
        6.6.4 Japan Parking Lock Actuators Market Size, 2018-2029
        6.6.5 South Korea Parking Lock Actuators Market Size, 2018-2029
        6.6.6 Southeast Asia Parking Lock Actuators Market Size, 2018-2029
        6.6.7 India Parking Lock Actuators Market Size, 2018-2029
    6.7 South America
        6.7.1 By Country - South America Parking Lock Actuators Revenue, 2018-2029
        6.7.2 By Country - South America Parking Lock Actuators Sales, 2018-2029
        6.7.3 Brazil Parking Lock Actuators Market Size, 2018-2029
        6.7.4 Argentina Parking Lock Actuators Market Size, 2018-2029
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Parking Lock Actuators Revenue, 2018-2029
        6.8.2 By Country - Middle East & Africa Parking Lock Actuators Sales, 2018-2029
        6.8.3 Turkey Parking Lock Actuators Market Size, 2018-2029
        6.8.4 Israel Parking Lock Actuators Market Size, 2018-2029
        6.8.5 Saudi Arabia Parking Lock Actuators Market Size, 2018-2029
        6.8.6 UAE Parking Lock Actuators Market Size, 2018-2029
7 Manufacturers & Brands Profiles
    7.1 Bosch
        7.1.1 Bosch Company Summary
        7.1.2 Bosch Business Overview
        7.1.3 Bosch Parking Lock Actuators Major Product Offerings
        7.1.4 Bosch Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.1.5 Bosch Key News & Latest Developments
    7.2 Stoneridge
        7.2.1 Stoneridge Company Summary
        7.2.2 Stoneridge Business Overview
        7.2.3 Stoneridge Parking Lock Actuators Major Product Offerings
        7.2.4 Stoneridge Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.2.5 Stoneridge Key News & Latest Developments
    7.3 Bitron
        7.3.1 Bitron Company Summary
        7.3.2 Bitron Business Overview
        7.3.3 Bitron Parking Lock Actuators Major Product Offerings
        7.3.4 Bitron Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.3.5 Bitron Key News & Latest Developments
    7.4 Valeo
        7.4.1 Valeo Company Summary
        7.4.2 Valeo Business Overview
        7.4.3 Valeo Parking Lock Actuators Major Product Offerings
        7.4.4 Valeo Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.4.5 Valeo Key News & Latest Developments
    7.5 Schaeffler
        7.5.1 Schaeffler Company Summary
        7.5.2 Schaeffler Business Overview
        7.5.3 Schaeffler Parking Lock Actuators Major Product Offerings
        7.5.4 Schaeffler Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.5.5 Schaeffler Key News & Latest Developments
    7.6 ZF
        7.6.1 ZF Company Summary
        7.6.2 ZF Business Overview
        7.6.3 ZF Parking Lock Actuators Major Product Offerings
        7.6.4 ZF Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.6.5 ZF Key News & Latest Developments
    7.7 Kongsberg Automotive
        7.7.1 Kongsberg Automotive Company Summary
        7.7.2 Kongsberg Automotive Business Overview
        7.7.3 Kongsberg Automotive Parking Lock Actuators Major Product Offerings
        7.7.4 Kongsberg Automotive Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.7.5 Kongsberg Automotive Key News & Latest Developments
    7.8 Dura-Shiloh
        7.8.1 Dura-Shiloh Company Summary
        7.8.2 Dura-Shiloh Business Overview
        7.8.3 Dura-Shiloh Parking Lock Actuators Major Product Offerings
        7.8.4 Dura-Shiloh Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.8.5 Dura-Shiloh Key News & Latest Developments
    7.9 Vitesco Technologies
        7.9.1 Vitesco Technologies Company Summary
        7.9.2 Vitesco Technologies Business Overview
        7.9.3 Vitesco Technologies Parking Lock Actuators Major Product Offerings
        7.9.4 Vitesco Technologies Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.9.5 Vitesco Technologies Key News & Latest Developments
    7.10 EFI Automotive
        7.10.1 EFI Automotive Company Summary
        7.10.2 EFI Automotive Business Overview
        7.10.3 EFI Automotive Parking Lock Actuators Major Product Offerings
        7.10.4 EFI Automotive Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.10.5 EFI Automotive Key News & Latest Developments
    7.11 JOPP Group
        7.11.1 JOPP Group Company Summary
        7.11.2 JOPP Group Parking Lock Actuators Business Overview
        7.11.3 JOPP Group Parking Lock Actuators Major Product Offerings
        7.11.4 JOPP Group Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.11.5 JOPP Group Key News & Latest Developments
    7.12 Johnson Electric
        7.12.1 Johnson Electric Company Summary
        7.12.2 Johnson Electric Parking Lock Actuators Business Overview
        7.12.3 Johnson Electric Parking Lock Actuators Major Product Offerings
        7.12.4 Johnson Electric Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.12.5 Johnson Electric Key News & Latest Developments
    7.13 Zhaowei
        7.13.1 Zhaowei Company Summary
        7.13.2 Zhaowei Parking Lock Actuators Business Overview
        7.13.3 Zhaowei Parking Lock Actuators Major Product Offerings
        7.13.4 Zhaowei Parking Lock Actuators Sales and Revenue in Global (2018-2023)
        7.13.5 Zhaowei Key News & Latest Developments
8 Global Parking Lock Actuators Production Capacity, Analysis
    8.1 Global Parking Lock Actuators Production Capacity, 2018-2029
    8.2 Parking Lock Actuators Production Capacity of Key Manufacturers in Global Market
    8.3 Global Parking Lock Actuators Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Parking Lock Actuators Supply Chain Analysis
    10.1 Parking Lock Actuators Industry Value Chain
    10.2 Parking Lock Actuators Upstream Market
    10.3 Parking Lock Actuators Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Parking Lock Actuators Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer

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Parking Lock Actuators Market, Global Outlook and Forecast 2023-2029

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