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Automotive Gear Shifter Market Growth by Top Key Players - Kongsberg, Tokai Rika, Fuji Kiko, DSM, ZF Friedrichshafen, Eissmann, ZF TRW, Fine Sinter

11-16-2018 12:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insight

Automotive Gear Shifter Market Growth by Top Key Players -

Automotive gear shifter system is a type of transmission system that uses gear and gear drives to control speed and spin of the vehicle. It controls application power to drive the vehicle system and is also responsible for gear engagement and disengagement. Automotive gear shifters are classified into automatic and manual gear shifter. Manual gear shifter system requires a clutch pedal whereas an automatic gear shifter system or a semi-automatic gear shifter does not require clutch pedal.

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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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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
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