Global Automotive Gear Shifter Market Overview:
Automotive gear shifter is a type of transmission system which uses gear & gear drives to control speed as well as spin of the vehicle. Automotive gear shifter controls application power to drive the vehicle system as well as is also accountable for gear engagement & disengagement. Types of automotive gear shifters includes automatic gear shifter and manual gear shifter. Manual gear shifter system needs a clutch pedal, and in an automatic gear shifter system or a semi-automatic gear shifter, there is no requirement of clutch pedal. Increasing adoption of electric vehicle is mainly driving the growth of global automotive gear shifter market. Nowadays, consumers have shifted their preference towards electric vehicles, due to increasing environmental concern as well as growing fluctuations in fuel prices.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Demand For Luxury & Premium Vehicles
Market Growth Drivers:
Increasing Demand for Passenger Cars, Increasing Demand for Vehicles with Semi-Automatic and Automatic Transmission and Innovation and New Technological Development in the Automotive Industry
Challenges:
The Emergence of Non-Gear Vehicles
Restraints:
High Cost and Complex Design of Automotive Gear Shifter
Opportunities:
Introduction of Electric Vehicles in the Market and Growth of the Automotive Industry in Asia-Pacific
Competitive Landscape:
Currently, new designs of automotive gear shifters with improved performance and automation are in demand for automobile industries. Automotive gears shifters with reduced noise and efforts are frequently used by some premium automobile brands. Many manufacturers have introduced dual clutch automated transmission, which comprises of two separate transmissions, one is used for odd gear shift and other one for even gear shift. Recently, many companies have launched continuously variable transmission gear shifters, which can be used without any shifting points that completely eliminates shifting response delays. Moreover, companies such as Tesla have come up with e-Clutch enabled gear shifters. That will provide the comfort of any manual or automated gear shifters.
Some of the key players profiled in the report are Kongsberg Automotive ASA (Switzerland), ZF Friedrichshafen AG (Germany), Sila Holding Industriale SpA (Italy), Ficosa International SA (Spain), SL Corporation (South Korea), Fujikiko Co. Ltd. (Japan), GHSP (United States), Leopold Kostal GmbH & Co. KG (Germany), DURA AUTOMOTIVE SYSTEMS (United States) and TOKAIRIKA CO. LTD. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Ningbo Gaofa Automotive Control System CO. Ltd (China), Continental AG (Germany) and Magna International Inc. (Canada).
Latest Market Insights:
In September 2022 Kongsberg Automotive ASA acquired Fluid. The Systems and Couplings division is moved to create the new 'Flow Control Systems division. KA's FTS division supplies PTFE hoses and hose assemblies to a variety of industrial and automotive markets. KA's Coupling Division is a leading supplier of compressed air couplings to the global commercial vehicle market.
In May 2022, ZF’s Commercial Vehicle Solutions division set a new industry benchmark in coach transmission system performance and efficiency with the unveiling of EcoLife CoachLine. The second generation of its proven six-speed automatic transmission, EcoLife CoachLine is suitable for coach applications, whether operating in a city, inter-city, or even a challenging, steep mountain track. It offers advantages for customers including outstanding passenger comfort and significant fuel savings of up to three percent, compared to the previous generation.
What Can be Explored with the Automotive Gear Shifter Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Gear Shifter Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Gear Shifter
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Gear Shifter market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Gear Shifter market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Gear Shifter Manufacturers, Automobile Organizations/Associations, Compliance Regulatory Authorities, Raw Materials Suppliers, Automotive Gear Shifter Traders, Distributors, and Suppliers, Government and Research Organizations, Industry Associations, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.