Press release
Automotive Gear Shifter Market on Path to Hit $15.87 Billion by 2029 at 5.7% CAGR
Automotive Gear Shifter Market
Automotive Gear Shifter Market Outlook: What Size And CAGR Are Anticipated By 2025?
The size of the automotive gear shifter market has experienced robust growth in recent years. It is predicted to expand from a value of $12.07 billion in 2024 to $12.73 billion in 2025, signifying a compound annual growth rate (CAGR) of 5.5%. The historic growth can be linked to factors such as a surge in global vehicle manufacturing, the introduction of advanced automatic and dual-clutch transmission systems, an increase in the number of luxury and high-performance vehicles that use advanced gear shifters, the imposition of stringent emission norms that promote efficient transmission systems, and consumer preference for automatic and semi-automatic gear shifters for added comfort.
What Is the Expected CAGR for the Automotive Gear Shifter Market Growth Through 2029?
The market for automotive gear shifters is projected to experience robust growth in the coming years, expanding to $15.87 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. This growth during the forecast period can be linked to factors such as the increasing acceptance of electric vehicles needing sophisticated gear shifters, the evolution of self-driving technologies necessitating innovative gear shifters, the rise in disposable income fostering the demand for advanced and luxury automobiles, post-pandemic rejuvenation in worldwide car production, and ongoing regulations advocating for cutting-edge transmission and gear shifter technologies. Key trends projected during this period include the integration of haptic feedback in gear shifters for enhanced user engagement, the broad acceptance of shift-by-wire technology, the move towards lightweight and compact gear shifter designs, the availability of gear shifters in a variety of materials and ergonomic designs, and the increasing incorporation of gear shifters with advanced driver-assistance systems (ADAS).
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-gear-shifter-global-market-report
What Are the Primary Drivers Behind Automotive Gear Shifter Market Growth?
The burgeoning interest in luxury cars is anticipated to fuel the expansion of the automotive gear shifter market. These premium automobiles, known for their superior comfort, functionality, and high-caliber features compared to regular vehicles, are seeing a rise in demand. This surge can be attributed to increased disposable incomes, technological breakthroughs, and a mounting inclination towards opulent features and comfort. Automotive gear shifters, integral to luxury vehicles, offer amplified driving ease and flawless performance. For example, Porsche AG, a German car company, reported in January 2023 that they had delivered 80,767 cars in the first quarter and 320,221 cars in the previous year, signifying a 15% increase in deliveries. In Europe, 36,574 vehicles were dispatched, denoting a 23% surge over the corresponding period the previous year. Hence, the escalating demand for luxury vehicles is steering the growth of the automotive gear shifter market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15986&type=smp
What Are the Key Segments Driving Automotive Gear Shifter Market Growth?
The automotive gear shifter market covered in this report is segmented -
1) By Component Type: Electronic Control Unit (ECU), Controller Area Network (CAN) Model, Solenoid Actuator
2) By Product Type: Manual Transmission, Automatic Transmission, Continuously Variable Transmission, Other Product Types
3) By Technology Type: Shift By Wire, Automatic Shifter
4) By Fuel System: Diesel, Petrol, Gasoline
5) By Applications: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle
Subsegments:
1) By Electronic Control Unit (ECU): Gear Shift Module ECU, Transmission Control ECU, Powertrain Control ECU
2) By Controller Area Network (CAN) Model: CAN Bus Communication Modules, CAN Protocol-Based Shift Control Systems, CAN Bus Transceivers For Gear Shifting
3) By Solenoid Actuator: Gear Shift Solenoid Actuators, Transmission Solenoid Actuators, Shifting Mechanism Solenoids
What Are the Technological Trends Impacting the Automotive Gear Shifter Market?
In the automotive gear shifters market, dominant companies are innovating their way into the future by creating Automated Manual Gearboxes. The goal of this technology is to increase fuel economy, elevate driving comfort, provide a fluid gear shift, and lessen the manual work required by the driver. An Automated Manual Gearbox (AMG) merges the functionality of a conventional manual gearbox with gear shifting automation. Notably, in June 2024, Yamaha, a Japanese two-wheeler vehicle producer, introduced its novel Y-AMT (Yamaha Automated Manual Transmission). This trailblazing gearbox developed for motorcycles aims to improve the riding experience by offering both automatic and manual shift options. In essence, this technology is designed to provide more comfortable gear shifts while sustaining a sporty sensation, enabling riders to concentrate more on their overall performance and control. Featuring two electronic actuators - one for operating the clutch and another for gear shifting - the new design discards the need for intricate mechanical associations, which leads to smoother and more accurate shifts than the conventional systems.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=15986&type=smp
Who Are the Major Competitors in the Global Automotive Gear Shifter Market?
Major companies operating in the automotive gear shifter market are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, General Motors Co., Honda Motor Co. Ltd., Nissan Motor Co. Ltd., Caterpillar Inc., ZF Friedrichshafen AG, Aisin Corporation, Eaton Corporation plc, Chang'an Automobile Co. Ltd., Magneti Marelli S.p.A., FAW Group Corp. Ltd., CLAAS, TREMEC Corporation, JATCO Ltd., Avtec Limited, Shanghai Automotive Transmission Co. Ltd., Hyundai Kefico Corporation, Colotti Trasmissioni
Which Region Dominates the Automotive Gear Shifter Market Share in 2025?
Asia-Pacific was the largest region in the automotive gear shifter market in 2024. The regions covered in the automotive gear shifter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Gear Shifter Market on Path to Hit $15.87 Billion by 2029 at 5.7% CAGR here
News-ID: 4174940 • Views: …
More Releases from The Business Research Company
Automotive Constant Velocity Joint Market Growth to be Driven by Emerging Trends …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Automotive Constant Velocity Joint Industry?
In recent times, there has been a robust expansion in the market size of the automotive constant velocity joint. The market, which stood at $3.69 billion in 2024, is set to increase to $3.89 billion in 2025, with…
Automotive Tappet Market Analysis: $11.05 Billion by 2029 With a CAGR of 4.4%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Automotive Tappet Market Value Projection: How Much Will the Market Size by 2025?
The automotive tappet market has seen a steadfast progression over the recent years. The market which is projected to transition from a value of $8.95 billion in 2024 to an amount of $9.3 billion in 2025, shows a…
Automatic Fare Collection System Market is Anticipated to Expand upto $17.33 Bil …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Automatic Fare Collection System Industry?
The market for automatic fare collection systems has experienced a quick expansion in the past years. Its size is projected to increase from $10.75 billion in 2024 to $12.1 billion in 2025, indicating a compound annual growth…
Bus Rapid Transit System Industry to See Robust Expansion, Valued at $4.46 Billi …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Bus Rapid Transit System Market from 2024 to 2025?
In recent times, there has been a robust growth in the market size of the bus rapid transit system. The market is projected to expand from $2.83 billion in 2024 to $3.08 billion in 2025, with…
More Releases for Shift
SHIFT Project
The SHIFT project, funded by the European Union's Horizon Europe program, has released the findings of its latest surveys, shedding light on the challenges and opportunities surrounding technology adoption in cultural heritage institutions. The two surveys, which were conducted with cultural heritage professionals and the general public respectively, underscore the growing enthusiasm for integrating digital technologies, such as artificial intelligence (AI), virtual reality (VR), and augmented reality (AR), into museums…
Vi-Shift Reviews: Do Not Buy Vi-Shift Glasses Until You Have Read This!
In the world of eyewear, the need for convenience and versatility has led to the development of various innovative solutions. Among these, Vi-Shift glasses stand out as a groundbreaking product designed to offer a unique approach to vision correction. These non-prescription, adjustable-focus glasses provide an easy and affordable alternative to traditional eyewear. Whether you're struggling with presbyopia (age-related difficulty focusing on nearby objects), experiencing fluctuating vision throughout the day, or…
Vi-Shift Glasses Reviews UNVEILS Vi Shift Consumer Reports
Vi-Shift Glasses are specifically developed eyewear that reduces eye strain and improves comfort during extended screen use. These glasses, which include blue light-filtering lenses and decrease glare, are designed to protect the eyes from the negative effects of prolonged digital exposure. Unlike typical blue light glasses, Vi-Shift Glasses have a variety of additional functions designed to improve the modern user's comfort, clarity, and attention.
(Official Website) Click Here to Order…
Vi Shift Reviews: Truth About Vi-Shift Glasses Revealed
Vi-Shift Reviews
Vi Shift is a Multi-Functional eyeglasses sold online at around $30. It is non-prescription focus control glasses that are perfect for everyday life.
These glasses are manufactured in the United States and feature adjustable dial vision. It is durable, lightweight, and convenient. Most people see it at all in one solution for crystal clear visions.
Truly, focus adjusting glasses are still evolving and the available ones are sold at…
Global Shift Register Market Research Report
This report studies the global Shift Register market status and forecast, categorizes the global Shift Register market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=73095
Table of Contents:
Global Shift Register Market Research Report 2018
1 Shift Register Market Overview
1.1 Product Overview…
A Paradigm Shift in Education!
Paradigm Shift was recently selected by noted venture capitalist Tim Draper as the best VR idea and has raised funding from Boost VC in California!
The CEO- Dhruv Washishth is also a fellow of the prestigious London based Royal Society of Arts.
“After my first venture CheersMate.in, I wanted to work on something more impactful and had a keen interest to change the education sector. It has been a stagnant industry which…
