In a recent research report by Maximize Market Research, the Automotive Gear Shift System Market is expected to surpass US $ 16.82 billion by the year 2027, from US $ 10.6 billion in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 8 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Gear Shift System in the region, the Value – Chain analysis, and the PORTER’s analysis for the Automotive Gear Shift System Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Type (Stick shifter, Joystick/ Mono stable shifter, Rotary shifter, Stalk shifter, Push button shifter), By Transmission Type (Manual Gear Shift System, Automatic Gear Shift System), By Vehicle Type (Commercial Vehicles, Light Duty Vehicles), By Sales Channel (OEM, Aftermarket) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Transmission Type, the increasing automotive sector, mostly due to increased demand for passenger vehicles, is expected to generate strong demand for automotive gear shift systems during the forecast period. Furthermore, vehicle standards set by governments in various regions are expected to create healthy growth opportunities for automotive gear shift system manufacturers during the forecast period, as most manufacturers are focused on producing more efficient automotive gear shift systems with low fuel and emission levels. Additionally, one of the main drivers providing possibilities for the entire automotive gear shift systems market is the rising use of electric cars.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Kongsberg Automotive, ZF Friedrichshafen AG, GHSP, SL Corporation, SILATECH S.r.l., Ficosa Internacional SA, Fujikiko Co.,Ltd., Leopold Kostal GmbH & Co. KG, Dura Automotive Systems, TOKAIRIKA.CO, LTD, Ningbo Gaofa Automotive Control System Co.,Ltd., Chongqing Kuayue (Group) Co., Ltd., Eissmann Group Automotive, JOPP GROUP) in the Automotive Gear Shift System Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Automotive Gear Shift System Market.”
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