Advanced Gear Shifter System Market in Global Industry: Demands, Insights

Posted by nileshdbmr on May 24th, 2021

Advanced gear shifter system market size is valued at USD 16.67 billion by 2028 and is expected to grow at a compound annual growth rate of 4.35% over the forecast period of 2021 to 2028.

Key Market Competitors: Advanced Gear Shifter System Market

Few of the major competitors currently working in the advanced gear shifter market ZF Friedrichshafen AG, Kongsberg Automotive, Stoneridge, Inc., Fujikiko Co., Ltd., DURA Automotive Systems, Ficosa International S.A.,Kuster Holding GmbH., Leopold Kostal GmbH & Co. KG, GHSP, Inc., Orscheln Products, SL Corporation, SILA, CHONGQING KUAYUE (GROUP) CO.,LTD.,  TOKAIRIKA,CO, LTD,          Ningbo Gaofa Automotive Control System CO., LTD.

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Gear shift also known as gear stick, gear level or gear selector is a metal level which is used to change gears in a manual transmission- equipped automobile. They are usually found in the front of the seats, either at centre console, at the transmission tunnel or directly on the floor. Gear shift have a lever and an electronic system which help the driver to change the gear according to his needs and requirement.

Segmentation: Global Advanced Gear Shifter Market By Technology

•          By Technology (Automatic Shifter, Shift- by- Wire)
•          By Component (CAN Module, Electronic Control Unit, Solenoid Actuator)
•          By Vehicle Type (Light- Duty Vehicle, Commercial Vehicle)
•          By Electric Vehicle (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Plug- In Hybrid Electric Vehicle)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Advanced Gear Shifter System Market    

Global advanced gear shifter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of advanced gear shifter market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:

•          There is increase in the usage of the x-by- wire.
•          Accurate and quick responding technology.

Market Restraints:

•          More complexity and less reliability is the major factor restraining the growth of this market.
•          They are expensive as compared to the normal gear shifter.