The global automotive gear shifter market is anticipated to grow at a higher CAGR during the forecast period. Automotive gear shifters are required to match engine power with the change in drive power under dynamic conditions. In addition, a gear shift is expected to be constant with the vehicle so that it remains prepared for the next gear shift. Hence, an optimal conversion of engine power plays a vital role in enhancing the driving conditions and fuel economy. Moreover, gear shift strategies are relatively necessary in order to deal with gear shift, engine start, clutch slip and their effect on gear control/shift.
With the rising change in technology marked by tremendous developments in electronics and electro-mechanical components, the automotive transmissions are leaping towards enhancing fuel economy and gear shift comfort.
Automotive gear shifter market is driven by growth in automotive industry and vendor emphasis on electronic replacement with an objective to enhance efficiency of transmission system to change the speed of changing gears.
Rise in disposable income followed by growing awareness in the vehicle occupants and rise in use of electronics in vehicles propels the market growth. In addition, increase in demand for mid-size and luxury vehicles in the recent years is more likely to trigger the market growth.
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Geographical segmentation for automotive gear shifter industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are more likely to encounter a higher CAGR during the forecast period on the grounds of tremendous demand by consumers for automobile, which in turn has helped the market growth.
North American and European markets have resulted in a higher CAGR during the estimated period owing to presence of automobile OEMs and automotive component suppliers in the region. The key players profiled in automotive gear shifter market report are Kongsberg, Tokai Rika, Fuji Kiko, DSM, ZF Friedrichshafen, Eissmann, ZF TRW, Aisin AI, Ficosa, Ningbo Gaofa, Sapura and PT. Astra.
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