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Park-by-Wire-Global Market Insights and Sales Trends 2025
Synopsis
The global Park-by-Wire market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Park-by-Wire in various end use industries. The expanding demands from the Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle,, are propelling Park-by-Wire market. Electric-hydraulic Caliper Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cable-pull Systems segment is estimated at % CAGR for the next seven-year period.
The driving factors behind the use of park-by-wire technology include:
1. Space optimization: Park-by-wire systems allow for more efficient utilization of parking space. With precise control and maneuverability, vehicles equipped with park-by-wire technology can park in tighter spaces, maximizing parking availability in congested areas.
2. Safety and convenience: Park-by-wire technology offers enhanced safety and convenience for drivers. It provides automated parking assistance, allowing drivers to simply activate the system and let the vehicle handle the parking process. This reduces the risk of human error, such as misjudging distances or angles, and makes parking easier and more efficient.
3. Improved parking accuracy: Park-by-wire systems provide precise control over the vehicle's movements, allowing for accurate parking maneuvers. The systems may utilize sensors and cameras to detect obstacles and guide the vehicle into parking spaces with minimal driver intervention. This improves parking accuracy and reduces the risk of collisions or damage to the vehicle or surrounding objects.
4. Enhanced driver experience: Park-by-wire technology enhances the overall driver experience by reducing the stress and effort associated with parking. It eliminates the need for drivers to search for parking spaces or struggle with challenging parking situations. With the assistance of park-by-wire systems, drivers can park their vehicles quickly and confidently, improving overall satisfaction and convenience.
5. Integration with other advanced driver-assistance systems: Park-by-wire technology can be integrated with other advanced driver-assistance systems, such as surround-view cameras or parking sensors. This integration allows for a comprehensive parking assistance system, providing drivers with a 360-degree view of their surroundings and additional assistance in navigating tight spaces or complex parking situations.
6. Future autonomous driving capabilities: Park-by-wire technology lays the foundation for future autonomous driving capabilities. As vehicles become more autonomous, park-by-wire systems can be integrated into autonomous parking functionalities. This enables vehicles to park themselves, further enhancing convenience, safety, and efficiency in parking operations.
7. Market demand and customer preference: The increasing demand for advanced driver-assistance systems in vehicles, coupled with the desire for convenience and efficiency, drives the adoption of park-by-wire technology. It has become a desirable feature for many consumers, leading automakers to incorporate it as a competitive advantage in their vehicles.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Park-by-Wire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Park-by-Wire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Park-by-Wire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Park-by-Wire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Park-by-Wire covered in this report include TRW, KUSTER, Continental, DURA, AISIN, Mando, Bethel and ASIA-PACIFIC, etc.
The global Park-by-Wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
TRW
KUSTER
Continental
DURA
AISIN
Mando
Bethel
ASIA-PACIFIC
Global Park-by-Wire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Park-by-Wire market, Segment by Type:
Electric-hydraulic Caliper Systems
Cable-pull Systems
Global Park-by-Wire market, by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Park-by-Wire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Park-by-Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Park-by-Wire market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Park-by-Wire in various end use industries. The expanding demands from the Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle,, are propelling Park-by-Wire market. Electric-hydraulic Caliper Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cable-pull Systems segment is estimated at % CAGR for the next seven-year period.
The driving factors behind the use of park-by-wire technology include:
1. Space optimization: Park-by-wire systems allow for more efficient utilization of parking space. With precise control and maneuverability, vehicles equipped with park-by-wire technology can park in tighter spaces, maximizing parking availability in congested areas.
2. Safety and convenience: Park-by-wire technology offers enhanced safety and convenience for drivers. It provides automated parking assistance, allowing drivers to simply activate the system and let the vehicle handle the parking process. This reduces the risk of human error, such as misjudging distances or angles, and makes parking easier and more efficient.
3. Improved parking accuracy: Park-by-wire systems provide precise control over the vehicle's movements, allowing for accurate parking maneuvers. The systems may utilize sensors and cameras to detect obstacles and guide the vehicle into parking spaces with minimal driver intervention. This improves parking accuracy and reduces the risk of collisions or damage to the vehicle or surrounding objects.
4. Enhanced driver experience: Park-by-wire technology enhances the overall driver experience by reducing the stress and effort associated with parking. It eliminates the need for drivers to search for parking spaces or struggle with challenging parking situations. With the assistance of park-by-wire systems, drivers can park their vehicles quickly and confidently, improving overall satisfaction and convenience.
5. Integration with other advanced driver-assistance systems: Park-by-wire technology can be integrated with other advanced driver-assistance systems, such as surround-view cameras or parking sensors. This integration allows for a comprehensive parking assistance system, providing drivers with a 360-degree view of their surroundings and additional assistance in navigating tight spaces or complex parking situations.
6. Future autonomous driving capabilities: Park-by-wire technology lays the foundation for future autonomous driving capabilities. As vehicles become more autonomous, park-by-wire systems can be integrated into autonomous parking functionalities. This enables vehicles to park themselves, further enhancing convenience, safety, and efficiency in parking operations.
7. Market demand and customer preference: The increasing demand for advanced driver-assistance systems in vehicles, coupled with the desire for convenience and efficiency, drives the adoption of park-by-wire technology. It has become a desirable feature for many consumers, leading automakers to incorporate it as a competitive advantage in their vehicles.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Park-by-Wire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Park-by-Wire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Park-by-Wire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Park-by-Wire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Park-by-Wire covered in this report include TRW, KUSTER, Continental, DURA, AISIN, Mando, Bethel and ASIA-PACIFIC, etc.
The global Park-by-Wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
TRW
KUSTER
Continental
DURA
AISIN
Mando
Bethel
ASIA-PACIFIC
Global Park-by-Wire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Park-by-Wire market, Segment by Type:
Electric-hydraulic Caliper Systems
Cable-pull Systems
Global Park-by-Wire market, by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Park-by-Wire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Park-by-Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Park-by-Wire Market Overview
1.1 Park-by-Wire Product Overview
1.2 Park-by-Wire Market Segment by Type
1.2.1 Electric-hydraulic Caliper Systems
1.2.2 Cable-pull Systems
1.3 Global Park-by-Wire Market Size by Type
1.3.1 Global Park-by-Wire Market Size Overview by Type (2018-2029)
1.3.2 Global Park-by-Wire Historic Market Size Review by Type (2018-2023)
1.3.3 Global Park-by-Wire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Park-by-Wire Sales Breakdown by Type (2018-2023)
1.4.2 Europe Park-by-Wire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Park-by-Wire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Park-by-Wire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Park-by-Wire Sales Breakdown by Type (2018-2023)
2 Global Park-by-Wire Market Competition by Company
2.1 Global Top Players by Park-by-Wire Sales (2018-2023)
2.2 Global Top Players by Park-by-Wire Revenue (2018-2023)
2.3 Global Top Players by Park-by-Wire Price (2018-2023)
2.4 Global Top Manufacturers Park-by-Wire Manufacturing Base Distribution, Sales Area, Product Type
2.5 Park-by-Wire Market Competitive Situation and Trends
2.5.1 Park-by-Wire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Park-by-Wire Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Park-by-Wire as of 2022)
2.7 Date of Key Manufacturers Enter into Park-by-Wire Market
2.8 Key Manufacturers Park-by-Wire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Park-by-Wire Status and Outlook by Region
3.1 Global Park-by-Wire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Park-by-Wire Historic Market Size by Region
3.2.1 Global Park-by-Wire Sales in Volume by Region (2018-2023)
3.2.2 Global Park-by-Wire Sales in Value by Region (2018-2023)
3.2.3 Global Park-by-Wire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Park-by-Wire Forecasted Market Size by Region
3.3.1 Global Park-by-Wire Sales in Volume by Region (2024-2029)
3.3.2 Global Park-by-Wire Sales in Value by Region (2024-2029)
3.3.3 Global Park-by-Wire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Park-by-Wire by Application
4.1 Park-by-Wire Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Light Commercial Vehicle
4.1.3 Heavy Commercial Vehicle
4.2 Global Park-by-Wire Market Size by Application
4.2.1 Global Park-by-Wire Market Size Overview by Application (2018-2029)
4.2.2 Global Park-by-Wire Historic Market Size Review by Application (2018-2023)
4.2.3 Global Park-by-Wire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Park-by-Wire Sales Breakdown by Application (2018-2023)
4.3.2 Europe Park-by-Wire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Park-by-Wire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Park-by-Wire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Park-by-Wire Sales Breakdown by Application (2018-2023)
5 North America Park-by-Wire by Country
5.1 North America Park-by-Wire Historic Market Size by Country
5.1.1 North America Park-by-Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Park-by-Wire Sales in Volume by Country (2018-2023)
5.1.3 North America Park-by-Wire Sales in Value by Country (2018-2023)
5.2 North America Park-by-Wire Forecasted Market Size by Country
5.2.1 North America Park-by-Wire Sales in Volume by Country (2024-2029)
5.2.2 North America Park-by-Wire Sales in Value by Country (2024-2029)
6 Europe Park-by-Wire by Country
6.1 Europe Park-by-Wire Historic Market Size by Country
6.1.1 Europe Park-by-Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Park-by-Wire Sales in Volume by Country (2018-2023)
6.1.3 Europe Park-by-Wire Sales in Value by Country (2018-2023)
6.2 Europe Park-by-Wire Forecasted Market Size by Country
6.2.1 Europe Park-by-Wire Sales in Volume by Country (2024-2029)
6.2.2 Europe Park-by-Wire Sales in Value by Country (2024-2029)
7 Asia-Pacific Park-by-Wire by Region
7.1 Asia-Pacific Park-by-Wire Historic Market Size by Region
7.1.1 Asia-Pacific Park-by-Wire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Park-by-Wire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Park-by-Wire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Park-by-Wire Forecasted Market Size by Region
7.2.1 Asia-Pacific Park-by-Wire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Park-by-Wire Sales in Value by Region (2024-2029)
8 Latin America Park-by-Wire by Country
8.1 Latin America Park-by-Wire Historic Market Size by Country
8.1.1 Latin America Park-by-Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Park-by-Wire Sales in Volume by Country (2018-2023)
8.1.3 Latin America Park-by-Wire Sales in Value by Country (2018-2023)
8.2 Latin America Park-by-Wire Forecasted Market Size by Country
8.2.1 Latin America Park-by-Wire Sales in Volume by Country (2024-2029)
8.2.2 Latin America Park-by-Wire Sales in Value by Country (2024-2029)
9 Middle East and Africa Park-by-Wire by Country
9.1 Middle East and Africa Park-by-Wire Historic Market Size by Country
9.1.1 Middle East and Africa Park-by-Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Park-by-Wire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Park-by-Wire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Park-by-Wire Forecasted Market Size by Country
9.2.1 Middle East and Africa Park-by-Wire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Park-by-Wire Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 TRW
10.1.1 TRW Company Information
10.1.2 TRW Introduction and Business Overview
10.1.3 TRW Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 TRW Park-by-Wire Products Offered
10.1.5 TRW Recent Development
10.2 KUSTER
10.2.1 KUSTER Company Information
10.2.2 KUSTER Introduction and Business Overview
10.2.3 KUSTER Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 KUSTER Park-by-Wire Products Offered
10.2.5 KUSTER Recent Development
10.3 Continental
10.3.1 Continental Company Information
10.3.2 Continental Introduction and Business Overview
10.3.3 Continental Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Continental Park-by-Wire Products Offered
10.3.5 Continental Recent Development
10.4 DURA
10.4.1 DURA Company Information
10.4.2 DURA Introduction and Business Overview
10.4.3 DURA Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 DURA Park-by-Wire Products Offered
10.4.5 DURA Recent Development
10.5 AISIN
10.5.1 AISIN Company Information
10.5.2 AISIN Introduction and Business Overview
10.5.3 AISIN Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 AISIN Park-by-Wire Products Offered
10.5.5 AISIN Recent Development
10.6 Mando
10.6.1 Mando Company Information
10.6.2 Mando Introduction and Business Overview
10.6.3 Mando Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mando Park-by-Wire Products Offered
10.6.5 Mando Recent Development
10.7 Bethel
10.7.1 Bethel Company Information
10.7.2 Bethel Introduction and Business Overview
10.7.3 Bethel Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Bethel Park-by-Wire Products Offered
10.7.5 Bethel Recent Development
10.8 ASIA-PACIFIC
10.8.1 ASIA-PACIFIC Company Information
10.8.2 ASIA-PACIFIC Introduction and Business Overview
10.8.3 ASIA-PACIFIC Park-by-Wire Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ASIA-PACIFIC Park-by-Wire Products Offered
10.8.5 ASIA-PACIFIC Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Park-by-Wire Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Park-by-Wire Industrial Chain Analysis
11.4 Park-by-Wire Market Dynamics
11.4.1 Park-by-Wire Industry Trends
11.4.2 Park-by-Wire Market Drivers
11.4.3 Park-by-Wire Market Challenges
11.4.4 Park-by-Wire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Park-by-Wire Distributors
12.3 Park-by-Wire Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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