Press release
Automotive Gear Shifter Market Growth by Top Key Players - Kongsberg, Tokai Rika, Fuji Kiko, DSM, ZF Friedrichshafen, Eissmann, ZF TRW, Fine Sinter
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Rising adoption of electric vehicle is prominently driving growth of automotive gear shifter vehicle. Consumers have shifted their preference towards electric vehicles, owing to rising environmental concern and rising fluctuations in fuel prices. For instance, according to Germen Federal Motor Transportation Authority, 61% increase was registered in the sales of plug-in electric vehicles in 2018 as compared to preceding year.
Regional Analysis of Automotive Gear Shifter Market
On the basis of geography, the global automotive gear shifter market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to be the largest market for automotive gear shifter during the forecast period, owing to increasing demand for automobiles among consumers, which has led to high growth of the automotive industry. This in turn is expected to aid in growth of automotive gear shift market.
Key Players in Automotive Gear Shifter Market
Major players operating in automotive gear shifter market include Kongsberg, Tokai Rika, Fuji Kiko, DSM, ZF Friedrichshafen, Eissmann, ZF TRW, Fine Sinter, Aisin AI, Ficosa, Ningbo Gaofa, PT. Astra, and Sapura.
Segmentation of Automotive Gear Shifter Market
Automotive gear shifter market is segmented on the basis of product type, fuel system, applications, and region.
On the Basis of Product Type
Automatic System
Manual System
On the Basis of Fuel system
Diesel
Petrol
Gasoline
On the Basis of Applications
Passenger Vehicle
Commercial Vehicle
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