Press release
Automotive Gear Shifter Market Kongsberg, Tokai Rika, Fuji Kiko, DSM, ZF Friedrichshafen, Eissmann, ZF TRW, Fine Sinter, Aisin AI, Ficosa, Ningbo Gaofa, PT. Astra, and Sapura.
Automotive Gear Shifter
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Growing use of automatic gear shifter system as compared to manual gear shifter system is one of the major factors, which enhances the demand for advance systems of gear shifter. In various regions, strict government vehicle standards for new vehicle is fueling growth over the forecast period.
Driving Factors in growth of Automotive Gear Shifter Market
Growing automotive industry is a major factor driving growth of the automotive gear shifter market. According to statistics published by OICA the global sales of vehicles reached to 96.8 million units in 2017, from 93.9 million units in 2016. Several vendors in the market are replacing mechanical components with its electronic counterpart in order to increase the efficiency of transmission system so as to enhance the speed of changing gears.
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.
Regional Analysis of Automotive Gear Shifter Market
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.
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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
o Light Commercial Vehicle
o Heavy Commercial Vehicle
On the Basis of Regions
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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