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?

1 Scope of the Report
    1.1 Market Introduction
    1.2 Years Considered
    1.3 Research Objectives
    1.4 Market Research Methodology
    1.5 Research Process and Data Source
    1.6 Economic Indicators
    1.7 Currency Considered
    1.8 Market Estimation Caveats

2 Executive Summary
    2.1 World Market Overview
        2.1.1 Global Park Lock Actuator Annual Sales 2020-2031
        2.1.2 World Current & Future Analysis for Park Lock Actuator by Geographic Region, 2020, 2024 & 2031
        2.1.3 World Current & Future Analysis for Park Lock Actuator by Country/Region, 2020, 2024 & 2031
    2.2 Park Lock Actuator Segment by Type
        2.2.1 Hydraulic
        2.2.2 Electric
    2.3 Park Lock Actuator Sales by Type
        2.3.1 Global Park Lock Actuator Sales Market Share by Type (2020-2025)
        2.3.2 Global Park Lock Actuator Revenue and Market Share by Type (2020-2025)
        2.3.3 Global Park Lock Actuator Sale Price by Type (2020-2025)
    2.4 Park Lock Actuator Segment by Application
        2.4.1 Fuel Vehicles
        2.4.2 New Energy Vehicles
    2.5 Park Lock Actuator Sales by Application
        2.5.1 Global Park Lock Actuator Sale Market Share by Application (2020-2025)
        2.5.2 Global Park Lock Actuator Revenue and Market Share by Application (2020-2025)
        2.5.3 Global Park Lock Actuator Sale Price by Application (2020-2025)

3 Global by Company
    3.1 Global Park Lock Actuator Breakdown Data by Company
        3.1.1 Global Park Lock Actuator Annual Sales by Company (2020-2025)
        3.1.2 Global Park Lock Actuator Sales Market Share by Company (2020-2025)
    3.2 Global Park Lock Actuator Annual Revenue by Company (2020-2025)
        3.2.1 Global Park Lock Actuator Revenue by Company (2020-2025)
        3.2.2 Global Park Lock Actuator Revenue Market Share by Company (2020-2025)
    3.3 Global Park Lock Actuator Sale Price by Company
    3.4 Key Manufacturers Park Lock Actuator Producing Area Distribution, Sales Area, Product Type
        3.4.1 Key Manufacturers Park Lock Actuator Product Location Distribution
        3.4.2 Players Park Lock Actuator Products Offered
    3.5 Market Concentration Rate Analysis
        3.5.1 Competition Landscape Analysis
        3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
    3.6 New Products and Potential Entrants
    3.7 Market M&A Activity & Strategy

4 World Historic Review for Park Lock Actuator by Geographic Region
    4.1 World Historic Park Lock Actuator Market Size by Geographic Region (2020-2025)
        4.1.1 Global Park Lock Actuator Annual Sales by Geographic Region (2020-2025)
        4.1.2 Global Park Lock Actuator Annual Revenue by Geographic Region (2020-2025)
    4.2 World Historic Park Lock Actuator Market Size by Country/Region (2020-2025)
        4.2.1 Global Park Lock Actuator Annual Sales by Country/Region (2020-2025)
        4.2.2 Global Park Lock Actuator Annual Revenue by Country/Region (2020-2025)
    4.3 Americas Park Lock Actuator Sales Growth
    4.4 APAC Park Lock Actuator Sales Growth
    4.5 Europe Park Lock Actuator Sales Growth
    4.6 Middle East & Africa Park Lock Actuator Sales Growth

5 Americas
    5.1 Americas Park Lock Actuator Sales by Country
        5.1.1 Americas Park Lock Actuator Sales by Country (2020-2025)
        5.1.2 Americas Park Lock Actuator Revenue by Country (2020-2025)
    5.2 Americas Park Lock Actuator Sales by Type (2020-2025)
    5.3 Americas Park Lock Actuator Sales by Application (2020-2025)
    5.4 United States
    5.5 Canada
    5.6 Mexico
    5.7 Brazil

6 APAC
    6.1 APAC Park Lock Actuator Sales by Region
        6.1.1 APAC Park Lock Actuator Sales by Region (2020-2025)
        6.1.2 APAC Park Lock Actuator Revenue by Region (2020-2025)
    6.2 APAC Park Lock Actuator Sales by Type (2020-2025)
    6.3 APAC Park Lock Actuator Sales by Application (2020-2025)
    6.4 China
    6.5 Japan
    6.6 South Korea
    6.7 Southeast Asia
    6.8 India
    6.9 Australia
    6.10 China Taiwan

7 Europe
    7.1 Europe Park Lock Actuator by Country
        7.1.1 Europe Park Lock Actuator Sales by Country (2020-2025)
        7.1.2 Europe Park Lock Actuator Revenue by Country (2020-2025)
    7.2 Europe Park Lock Actuator Sales by Type (2020-2025)
    7.3 Europe Park Lock Actuator Sales by Application (2020-2025)
    7.4 Germany
    7.5 France
    7.6 UK
    7.7 Italy
    7.8 Russia

8 Middle East & Africa
    8.1 Middle East & Africa Park Lock Actuator by Country
        8.1.1 Middle East & Africa Park Lock Actuator Sales by Country (2020-2025)
        8.1.2 Middle East & Africa Park Lock Actuator Revenue by Country (2020-2025)
    8.2 Middle East & Africa Park Lock Actuator Sales by Type (2020-2025)
    8.3 Middle East & Africa Park Lock Actuator Sales by Application (2020-2025)
    8.4 Egypt
    8.5 South Africa
    8.6 Israel
    8.7 Turkey
    8.8 GCC Countries

9 Market Drivers, Challenges and Trends
    9.1 Market Drivers & Growth Opportunities
    9.2 Market Challenges & Risks
    9.3 Industry Trends

10 Manufacturing Cost Structure Analysis
    10.1 Raw Material and Suppliers
    10.2 Manufacturing Cost Structure Analysis of Park Lock Actuator
    10.3 Manufacturing Process Analysis of Park Lock Actuator
    10.4 Industry Chain Structure of Park Lock Actuator

11 Marketing, Distributors and Customer
    11.1 Sales Channel
        11.1.1 Direct Channels
        11.1.2 Indirect Channels
    11.2 Park Lock Actuator Distributors
    11.3 Park Lock Actuator Customer

12 World Forecast Review for Park Lock Actuator by Geographic Region
    12.1 Global Park Lock Actuator Market Size Forecast by Region
        12.1.1 Global Park Lock Actuator Forecast by Region (2026-2031)
        12.1.2 Global Park Lock Actuator Annual Revenue Forecast by Region (2026-2031)
    12.2 Americas Forecast by Country (2026-2031)
    12.3 APAC Forecast by Region (2026-2031)
    12.4 Europe Forecast by Country (2026-2031)
    12.5 Middle East & Africa Forecast by Country (2026-2031)
    12.6 Global Park Lock Actuator Forecast by Type (2026-2031)
    12.7 Global Park Lock Actuator Forecast by Application (2026-2031)

13 Key Players Analysis
    13.1 Stoneridge
        13.1.1 Stoneridge Company Information
        13.1.2 Stoneridge Park Lock Actuator Product Portfolios and Specifications
        13.1.3 Stoneridge Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.1.4 Stoneridge Main Business Overview
        13.1.5 Stoneridge Latest Developments
    13.2 Dura Automotive
        13.2.1 Dura Automotive Company Information
        13.2.2 Dura Automotive Park Lock Actuator Product Portfolios and Specifications
        13.2.3 Dura Automotive Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.2.4 Dura Automotive Main Business Overview
        13.2.5 Dura Automotive Latest Developments
    13.3 Vitesco Technologies
        13.3.1 Vitesco Technologies Company Information
        13.3.2 Vitesco Technologies Park Lock Actuator Product Portfolios and Specifications
        13.3.3 Vitesco Technologies Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.3.4 Vitesco Technologies Main Business Overview
        13.3.5 Vitesco Technologies Latest Developments
    13.4 Efiautomotive
        13.4.1 Efiautomotive Company Information
        13.4.2 Efiautomotive Park Lock Actuator Product Portfolios and Specifications
        13.4.3 Efiautomotive Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.4.4 Efiautomotive Main Business Overview
        13.4.5 Efiautomotive Latest Developments
    13.5 Oechsler
        13.5.1 Oechsler Company Information
        13.5.2 Oechsler Park Lock Actuator Product Portfolios and Specifications
        13.5.3 Oechsler Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.5.4 Oechsler Main Business Overview
        13.5.5 Oechsler Latest Developments
    13.6 Ficosa
        13.6.1 Ficosa Company Information
        13.6.2 Ficosa Park Lock Actuator Product Portfolios and Specifications
        13.6.3 Ficosa Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.6.4 Ficosa Main Business Overview
        13.6.5 Ficosa Latest Developments
    13.7 Schaeffler
        13.7.1 Schaeffler Company Information
        13.7.2 Schaeffler Park Lock Actuator Product Portfolios and Specifications
        13.7.3 Schaeffler Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.7.4 Schaeffler Main Business Overview
        13.7.5 Schaeffler Latest Developments
    13.8 Bitron
        13.8.1 Bitron Company Information
        13.8.2 Bitron Park Lock Actuator Product Portfolios and Specifications
        13.8.3 Bitron Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.8.4 Bitron Main Business Overview
        13.8.5 Bitron Latest Developments
    13.9 Valeo
        13.9.1 Valeo Company Information
        13.9.2 Valeo Park Lock Actuator Product Portfolios and Specifications
        13.9.3 Valeo Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.9.4 Valeo Main Business Overview
        13.9.5 Valeo Latest Developments
    13.10 Kongsberg Automotive
        13.10.1 Kongsberg Automotive Company Information
        13.10.2 Kongsberg Automotive Park Lock Actuator Product Portfolios and Specifications
        13.10.3 Kongsberg Automotive Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.10.4 Kongsberg Automotive Main Business Overview
        13.10.5 Kongsberg Automotive Latest Developments
    13.11 JOPP Group
        13.11.1 JOPP Group Company Information
        13.11.2 JOPP Group Park Lock Actuator Product Portfolios and Specifications
        13.11.3 JOPP Group Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.11.4 JOPP Group Main Business Overview
        13.11.5 JOPP Group Latest Developments
    13.12 Bosch
        13.12.1 Bosch Company Information
        13.12.2 Bosch Park Lock Actuator Product Portfolios and Specifications
        13.12.3 Bosch Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.12.4 Bosch Main Business Overview
        13.12.5 Bosch Latest Developments
    13.13 EFI Automotive
        13.13.1 EFI Automotive Company Information
        13.13.2 EFI Automotive Park Lock Actuator Product Portfolios and Specifications
        13.13.3 EFI Automotive Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.13.4 EFI Automotive Main Business Overview
        13.13.5 EFI Automotive Latest Developments
    13.14 Johnson Electric
        13.14.1 Johnson Electric Company Information
        13.14.2 Johnson Electric Park Lock Actuator Product Portfolios and Specifications
        13.14.3 Johnson Electric Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.14.4 Johnson Electric Main Business Overview
        13.14.5 Johnson Electric Latest Developments
    13.15 Zhaowei Machinery and Electronic
        13.15.1 Zhaowei Machinery and Electronic Company Information
        13.15.2 Zhaowei Machinery and Electronic Park Lock Actuator Product Portfolios and Specifications
        13.15.3 Zhaowei Machinery and Electronic Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.15.4 Zhaowei Machinery and Electronic Main Business Overview
        13.15.5 Zhaowei Machinery and Electronic Latest Developments
    13.16 Marelli
        13.16.1 Marelli Company Information
        13.16.2 Marelli Park Lock Actuator Product Portfolios and Specifications
        13.16.3 Marelli Park Lock Actuator Sales, Revenue, Price and Gross Margin (2020-2025)
        13.16.4 Marelli Main Business Overview
        13.16.5 Marelli Latest Developments

14 Research Findings and Conclusion