The global advanced gear shifter system market for automotive is projected to grow at a CAGR of 3.64% during the forecast period, from USD 10.51 billion in 2018 to USD 13.50 billion by 2025
NEW YORK, July 26, 2018 /PRNewswire/ -- Increasing use of x-by-wire technology in vehicles, rising sales of mid-size and premium vehicles, and increasing use of energy-efficient electric vehicles to fuel the demand for the advanced gear shifter system market for automotive
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The global advanced gear shifter system market for automotive is projected to grow at a CAGR of 3.64% during the forecast period, from USD 10.51 billion in 2018 to USD 13.50 billion by 2025. Increasing use of x-by-wire technology and advantages of accurate and quick responding gear actuation are driving the advanced gear shifter system market for automotive. However, less reliability and more complexity of an advanced gear shifter system can restrain the growth of advanced gear shifter system market for automotive. Increasing preference for automatic and hybrid transmission, particularly in developing countries, and use of haptics shifters in future vehicles are expected to create opportunities for the advanced gear shifter system market for automotive in the coming years. On the other hand, developing automotive industry in emerging markets can pose challenges for the advanced gear shifter system market for automotive.
Automatic shifter segment to grow at a significant rate during the forecast period
The advanced gear shifter system market for automotive for automatic shifter is projected to grow at the highest CAGR during the forecast period. The growth of automatic shifter segment is driven by the increasing sales of luxury and ultra-luxury vehicles in developed as well as developing countries.
Asia Pacific to lead the advanced gear shifter system market for automotive during the forecast period
The Asia Pacific region is estimated to hold the largest share of the global advanced gear shifter system market for automotive in 2018. Increasing demand for vehicles with automatic and semi-automatic transmission and increasing awareness of green vehicles among people are expected to fuel the growth of the advanced gear shifter system market for automotive in the Asia Pacific region.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
-- By Company Type: Tier 1: 45%, Tier 2: 30%, Tier 3: 25%
-- By Designation: Manager level: 35%, C level: 25%, Other: 40%
-- By Region: North America: 20%, Europe: 30%, Asia Pacific: 40%, SA and MEA: 10%
Major players profiled in the report are:
-- ZF (Germany)
-- Kongsberg Automotive (Norway)
-- Stoneridge (US)
-- Fuji Kiko (Japan)
-- Dura (US)
-- Ficosa (Spain)
-- Küster (Germany)
-- Kostal (Germany)
-- GHSP (US)
-- Orscheln Products (US)
Research Coverage:
The report segments the advanced gear shifter system market for automotive and forecasts its size, by volume and value, on the basis of region (Asia Pacific, Europe, North America, South America, and Middle East & Africa), technology (Automatic Shifter and Shift-by-wire), component (CAN Module, ECU, Solenoid Actuator, and Others), vehicle type (Light-Duty Vehicles, Commercial Vehicles), and electric vehicle (BEV, FCEV, & PHEV).
The report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high growth segments of the advanced gear shifter system market for automotive, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
Reasons to Buy the Report:
The report enables new entrants and smaller firms as well as established firms to understand the market better to help them to acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
The report provides insights into the following points:
-- Market Penetration: The report offers comprehensive information about the advanced gear shifter system market for automotive and the top 10 players in the market.
-- Product Development/Innovation: The report provides detailed insights into upcoming technologies, R&D activities, and new product launches in the advanced gear shifter system market for automotive.
-- Market Development: The report offers comprehensive information about the advanced gear shifter system market for automotive. The report analyzes the advanced gear shifter system market for automotive across regions and provides comprehensive information about lucrative emerging markets.
-- Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the advanced gear shifter system market for automotive.
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