The global Electronic Park Lock Actuator (EPLA) market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.

Electronic park lock actuator (EPLA) has been designed for use in the latest automotive transmissions including EV applications. The Park Lock function is required for vehicles with automatic transmissions, in particular for electric or highly hybridized vehicles, in order to immobilize the vehicle during the parking phase and guarantee the safety of nearby people and property.

Actuator is an electromechanical device, formed by DC electrical motor, an optimized mechanical transmission and an electronic control unit, communicated with the vehicle by CAN, LIN, PWM interface.

The traditional mechanical shifter system with cables or rod are replaced by electronic Shift-by-wire mechanism and actuator in the gearbox saving weight, space and improving interior design.

The strong growth in the electrification of drive chains, reinforced by the growth in the automation of vehicles, has led to the implementation of electric actuators, whose action consists of activating a trigger in a toothed wheel in order to create positive locking of the transmission and immobilize the vehicle.

ReportPrime, Inc. (LPI) ' newest research report, the “Electronic Park Lock Actuator (EPLA) Industry Forecast” looks at past sales and reviews total world Electronic Park Lock Actuator (EPLA) sales in 2024, providing a comprehensive analysis by region and market sector of projected Electronic Park Lock Actuator (EPLA) sales for 2025 through 2031.

This Insight Report provides a comprehensive analysis of the global Electronic Park Lock Actuator (EPLA) 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 Electronic Park Lock Actuator (EPLA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electronic Park Lock Actuator (EPLA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Park Lock Actuator (EPLA) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity.

1. Segmentation by Type:
• ASIL A
• ASIL B
• ASIL C
• ASIL D

1. Segmentation by Application:
• Passenger Vehicle
• Commercial Vehicle

1. Market by Region:
• Americas
• APAC
• Europe
• Middle East & Africa

Companies Coverage:

• Methode
• EFI Group
• Ficosa
• Stoneridge Inc.
• Vitesco Technologies
• Oechsler
• 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
• Kongsberg Automotive
• Johnson Electric

Key Questions Addressed in this Report:

1. What is the 10-year outlook for the global Electronic Park Lock Actuator (EPLA) market?
2. What factors are driving Electronic Park Lock Actuator (EPLA) market growth, globally and by region?
3. Which technologies are poised for the fastest growth by market and region?
4. How do Electronic Park Lock Actuator (EPLA) market opportunities vary by end market size?
5. How does Electronic Park Lock Actuator (EPLA) break out by Type, by Application?