Automotive Gear Shift System Market to be at Forefront by 2018 - 2028
Moreover, technological developments and innovations in the automotive industry have given birth to electronic gear shift systems. Most of the mechanical parts used in these systems are being replaced by electronic components. Additionally, the market is inclined towards shift by wire gear systems, mainly for electric vehicles. This technology offers smoother transition between gears and is thus, replacing mechanical coupling. Hence, it is expected to replace manual automotive gear shift systems in near future.
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Automotive Gear Shift System Market: Dynamics
The growing automotive industry, mainly due to rising demand for passenger cars, is projected to create healthy demand for automotive gear shift systems during the forecast period. Moreover, vehicle standards set by governments of various regions are also projected to create healthy growth opportunities for the manufacturers of automotive gear shift systems in near future as most manufacturers are focused on the manufacturing of more efficient automotive gear shift systems with low fuel & emission. Additionally, growing adoption of electric vehicles is also one of the key drivers creating opportunities for the overall automotive gear shift systems market.
Automotive Gear Shift System Market: Segmentation
The global automotive gear shift system market can be segmented on the basis of type, transmission type, vehicle type, sales channel & region.
On the basis of type, the global automotive gear shift system market can be segmented into:
Joystick/ Mono stable shifter
Push button shifter
On the basis of transmission type, the global automotive gear shift system market can be segmented into:
Manual Gear Shift System
Automatic Gear Shift System
On the basis of vehicle type, the global automotive gear shift system market can be segmented into:
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of sales channel, the global automotive gear shift system market can be segmented into:
Automotive Gear Shift System Market: Regional Outlook
The market for automotive gear shifting systems is expected to register healthy growth globally. Asia Pacific region is anticipated to dominate the global automotive gear shift systems market, in terms of demand, which can be attributed to the growing automotive demand as well as production in the region. China is projected to be a major contributor and holds noteworthy share in the automotive gear shift systems market in the region. Europe is expected to hold second position in the overall consumption of automotive gear shift systems globally. The demand for automotive gear shift systems in North America market is expected to grow at a significant pace in future and will mainly come from the U.S. automotive gear shift system market.
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Automotive Gear Shift System Market: Market Participants
In the global market of automotive gear shift systems market, there are a number of players with broad product offerings. Some of the manufacturers engaged in the manufacturing and sales of automotive gear shift systems are:
ZF Friedrichshafen AG
Ficosa Internacional SA
Leopold Kostal GmbH & Co. KG
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