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Automotive Gear Shifter Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Automotive Gear Shifter Market size accounted for USD 12.17 Billion in 2023, growing at a CAGR of 7.36% from 2023 to 2033. An automotive gear shifter, also known as a gear selector or gear shift lever, is a mechanical component used to control the transmission system of a vehicle, allowing the driver to change gears manually or automatically. In manual transmission vehicles, the gear shifter is typically a lever or knob located within the driver's reach, usually between the front seats or on the steering column. The driver can manipulate the gear shifter to select different gears, such as a park, reverse, neutral, drive, and various forward gears, depending on the vehicle's design and transmission type.The Automotive Gear Shifter market is primarily driven by the rising production and sales of passenger vehicles globally, especially those equipped with automatic transmission systems. Additionally, the growing preference for luxury and premium vehicles with advanced transmission technologies further stimulates the demand for innovative and high-quality gear shifters.
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Key Highlights:
• The global Automotive Gear Shifter Market size was valued at USD 12.17 billion in 2023 growing at a CAGR of 7.36% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Automotive Gear Shifter Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.
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Key Players
Some of the major Automotive Gear Shifter Market players holding high market shares include ZF Friedrichshafen AG, Kongsberg Automotive, Ficosa International SA, Stoneridge, Inc., and Jopp Holding GmbH. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• ZF Friedrichshafen AG
• Kongsberg Automotive
• Ficosa International SA
• Stoneridge, Inc.
• Jopp Holding GmbH
• Fuji Kiko Co., Ltd.
• GHSP
• DURA Automotive Systems LLC
• Tokai Rika Co., Ltd.
• Leopold Kostal GmbH & Co. KG
Segmental Analysis
Market Segment By Type
• Shift by Wire
• Shift by Manual
• Shift by Automatic
Market Segment By Application
• Electric Vehicle
• Commercial Vehicle
• Passenger Car
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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