Automotive Gear Shifter Market is Anticipated To Grow at A CAGR of 3.06% Till 2026

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In this report,the global automotive gear shifter market, In terms of revenue, is valued at US$ 2.8 Billion in 2016 and is forecast to grow at a CAGR of 3.06% during the period from 2016 to 2026. The major factors influencing the growth of global automotive gear shifter market are the steady development of automotive across the world. Automotive gear shifter is a metal lever attached to the shift assembly in a manual transmission-equipped automobile and is used to change gears. In an automatic transmission-equipped vehicle, a similar device is known as a gear selector. A gear stick will normally be used to change gear whilst depressing the clutch pedal with the left foot to disengage the engine from the drivetrain and wheels.

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Automotive gear shifter can be divided into two categories–mechanical gear shifter and electronic gear shifter. Mechanical gear shifter’s production market share accounted for the highest proportion, with a figure of 91.62% in 2017, electronic gear shifter account for 8.38%. The consumption market share of global Automotive gear shifter in passenger vehicle and commercial vehicle have been stable year by year, at 81.01% and 18.99% respectively in 2017, and for several consecutive years, the amplitude was within 2 percent. This indicates that the segment of the Automotive gear shifter in the global market tends to be fixed without great changes. Among them, the Automotive gear shifter market has the most promising sales prospects in passenger vehicle application.

Kenneth research center data shows that Europe is the biggest contributor to the Automotive gear shifter revenue market, accounted for 27.74% of the total global market with a revenue of 809.3 million USD in 2017, followed by China, 26.61% with a revenue of 776.24 million USD.

The global automotive gear shifter market comprises numerous players offering broad range of products. Lots of manufactures of automotive gear shifter offer a wide range of automotive gear shifter solutions to fit specific original equipment manufacturers (OEMs) and aftermarket requirements. The key players in the automotive gear shifter market include Kongsberg, ZF, GHSP, SL Corporation, Sila, Ficosa, Fuji Kiko, Kostal, DURA, Tokai Rika and others. Kongsberg is the largest company in the global Automotive gear shifter market, accounted for 11.55/% of the revenue market share in 2017,

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Automotive Gear Shifter in these regions, from 2014 to 2026 (forecast), covering
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Automotive Gear Shifter market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
SL Corporation
Fuji Kiko
Tokai Rika
Ningbo Gaofa
Chongqing Downwind
Nanjing Aolin

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Manual mode
Automatic mode

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Automotive Gear Shifter for each application, including
Passenger Vehicle
Commercial Vehicle

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This post was originally published on Technology Trend