Global Automotive Gear Shifter Sales Market by Type (Mechanical Gear Shifter, Electronic Gear Shifter), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Automotive Gear Shifter Market size is projected to grow from USD 12.5 billion in 2021 to USD XX.X billion by 2028, at a CAGR of 3.4% during the forecast period. The Asia Pacific is expected to be the fastest-growing regional market for automotive gear shifters, owing to an increasing focus on fuel efficiency and safety regulations across many countries in this region that are leading vehicle manufacturers towards adopting automated transmissions, which have led to higher demand for electronic gear shifters as compared with mechanical ones.

An automotive gear shifter is a device used to change gears in a motor vehicle. It allows the driver to select which gear they would like their car to be in, for different types of terrain or driving conditions. There are two main types of gear shifters: mechanical and electronic. Gear shifters have many features, which can include: The ability to be locked in place while the vehicle is in motion so that it cannot be accidentally moved. The capability to be reversed, so that it can be used in cars where the driver sits on the left or right-hand side of the vehicle. The ability to indicate which gear is engaged, by means of a visual cue such as an indicator light showing through part of the shifter's housing. A handle that turns when shifted, so that drivers know what position they are selecting. A range of gears, allowing for greater flexibility in vehicle performance.

On the basis of Type, the global automotive gear shifter market is segmented into Mechanical Gear Shifter, Electronic Gear Shifter.

Mechanical Gear Shifters:

Mechanical Gear Shifter is an automotive part that helps in changing the gear of a car. It can be used by either drivers or passengers to change gears while driving. This type of shifter mostly comes with a three-pedal system, where one pedal for reverse gear remains unused and it only shifts between forwarding gears - P (Park), R (Reverse), N (Neutral), and D. A mechanical gear shifter works by forcing the driver to physically move it from one gear position to another. The gears are selected and held in place with a device called a synchromesh, which is located between the shift knob and the transmission itself.

Electronic Gear Shifters:

An electronic gear shifter helps in changing the gears of a car electronically with a push-button or joystick, without using any mechanical effort. It allows drivers to change gears while driving on highways between manual transmission cars at speeds above 15 mph. Drivers can use the electronic gear shifter for all types of cars, including both automatic and manual transmission vehicles. An electronic gear shifter functions similarly but without requiring physical input from the driver. The gear shifter does not need to be moved, and the gears are selected by a computer in response to inputs from other control devices located throughout the vehicle.

On the basis of Application, the global automotive gear shifter market is segmented into Passenger Vehicle, Commercial Vehicle.

Passenger Vehicle:

These vehicles often have five or six different forward speed options that can each be engaged when needed which allows for adaptable driving depending on weather conditions, road grade, etc. The gear shifter in a passenger vehicle is responsible for transmitting the driver's intention to the gears of the car. The gear shifter assembly contains the shift lever, which is mounted on the floor or console and used by the driver to change gears; and also includes various linkage, cables, bearings, and seals that connect it to the transmission.

Commercial Vehicle:

Commercial vehicles are most often trucks or vans that have a large carrying capacity and are designed to be driven on highways for long periods of time without stopping. They frequently do not have the same level of luxury features as passenger vehicles, but they may vary in size depending on their purpose. The larger versions can often carry large loads and can require a driver to shift gears manually. In a commercial vehicle, the gear shifter is used to control the transmission of mechanical power from an engine or electric motor to a drive axle. The speed at which this occurs will be determined by how many gears are engaged and what type of road conditions drivers face while driving on public roads.

On the basis of Region, the global automotive gear shifter market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East & Africa. The Asia Pacific is anticipated to be the fastest-growing market for automotive gear shifters. The growth in this region can be attributed to the increase in demand for passenger cars and commercial vehicles. Europe is expected to hold the second-largest share of the global automotive gear shifter market, owing to the presence of major OEMs in the region. North America is estimated to be the third-largest market for automotive gear shifters, due to high demand from end-users.

Growth Factors For The Global Automotive Gear Shifter Market:

• The growing demand for high fuel efficiency is expected to drive the global automotive gear shifter market positively over the forecast period.

• Manufacturers are increasingly focusing on developing electronic gear shifters that can offer more convenience and safety features compared to mechanical ones. This trend has been observed particularly in the developed regions, which has led to the increasing demand for electronic gear shifters.

• The growing need for comfort and ease in driving is anticipated to propel the global automotive gear shifter market positively over the projected period.

• On account of the introduction of high fuel-efficient powertrains, there has been a surge in worldwide passenger vehicle production with respect to low carbon dioxide emissions. This, in turn, is expected to drive the global automotive gear shifter market during the forecast period.

• Rising number of carpooling services on account of growing popularity among both young and middle-aged individuals are anticipated to fuel demand for passenger vehicles worldwide over the next few years, which has been projected to positively impact the global automotive gear shifter market.

• The Asia Pacific is projected to be the fastest-growing region for the global automotive gear shifter market during the forecast period, owing to high growth in countries such as China and India. The increasing demand for commercial vehicles in this region is also expected to contribute significantly to the overall growth of the market over the forecast period.

Up Market Research published a new report titled “Automotive Gear Shifter Sales Market research report which is segmented by Types (Mechanical Gear Shifter, Electronic Gear Shifter), By Applications (Passenger Vehicle, Commercial Vehicle), By Players/Companies Kongsberg, ZF, GHSP, SL, Sila, Ficosa, Fuji Kiko, Kostal, DURA, Tokai Rika, Ningbo Gaofa, Chongqing Downwind, Nanjing Aolin”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Gear Shifter Sales Market Report Segments:

The market is segmented by Type Mechanical Gear Shifter, Electronic Gear Shifter and By Application Passenger Vehicle, Commercial Vehicle.

Some of the companies that are profiled in this report are:

1. Kongsberg
2. ZF
3. GHSP
4. SL
5. Sila
6. Ficosa
7. Fuji Kiko
8. Kostal
9. DURA
10. Tokai Rika
11. Ningbo Gaofa
12. Chongqing Downwind
13. Nanjing Aolin

Automotive Gear Shifter Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Gear Shifter Sales Market

Overview of the regional outlook of the Automotive Gear Shifter Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Gear Shifter Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Gear Shifter Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Mechanical Gear Shifter

                2. Electronic Gear Shifter

                1. Passenger Vehicle

                2. Commercial Vehicle

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Gear Shifter Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Automotive Gear Shifter Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.