Transmission Shifter Systems Sales Forecast and CAGR
According to the latest research by Fact.MR, transmission gear shifter systems market is set to witness lucrative growth during 2021-2031. The transmission gear shifter systems market is expected to grow between a CAGR of 4% to 6% by value during 2021-2031.
What is Driving Demand for Transmission Shifter Systems?
In recent years, there has been much attention put by automobile manufacturing companies to produce fuel-efficient vehicles complied with the emission norms and control which is driving the demand for transmission shifter systems. With the advancement in technology, many gear shifter systems manufacturers are focusing on best-in-class gear shifting mechanisms based on driving conditions. Moreover, the growing demand for luxury & premium cars and light commercial vehicles with high performance and fuel efficiency is the driving factor for the transmission shifter systems market.
Automotive sales and production around the globe have been impacted by COVID-19-pandemic. This has negatively impacted transmission shifter systems sales in 2020. However, it is estimated that the market will steadily grow from 2021 onwards.
Growing Demand for Light Commercial Vehicles & Passenger Cars Likely to Augment Transmission Gear Shifter Systems Sales
There has been an increase in the demand for light commercial vehicles and passenger cars which is enhancing the demand for transmission shifter systems. The rising adoption of automatic transmission systems such as continuously variable transmission (CVT), dual-clutch transmission (DCT), automated manual transmission (AMT) have also augmented the demand for transmission gear shifter systems across the regions
South Asia Demand Outlook for Transmission Shifter Systems
South Asia accounts for the significant growth in the demand for transmission shifter systems in the coming years. The primary reason behind the growth in the demand relates to the changing customer preferences, growing living standard which is propelling the customers to buy highly efficient luxury and high-performance vehicles. Thus, the high demand for passenger cars is driving the large application of advanced automated transmission gear shifter systems. With a considerable rise in disposable income, there is a growing trend in the sales of electric vehicles. As a result, there is a high introduction of automated manual transmission accompanied by superior quality in the automotive gear shifter systems.
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North America Transmission Shifter Systems Sales Outlook
North America is expected to have a lucrative growth in the transmission shifter systems market during the forecast period due to the rising adoption of automatic transmission systems. In North America, there is a high preference for automatic transmission in automobiles, and the large presence of passenger cars and light trucks are the leading driving factor for the demand for transmission shifter systems sales in the region.
Who are the Key Manufacturers and Suppliers of Transmission Shifter Systems?
Some of the leading manufacturers and suppliers include Atsumitec Co., Ltd., Delta Kogyo Co., Ltd., Dura Automotive Systems, Eissmann Automotive, Ficosa International SA, GHSP, Inc., Stoneridge, Inc., ZF Friedrichshafen AG, Leopold Kostal GmbH & Co. KG, Silatech Srl, Fuji Kiko Co., Ltd and Orscheln Products L.L.C.
The leading manufacturers in the transmission shifter systems market are making high use of technology and expertise to cope with the dynamic environment and business challenges. In the recent scenario, much focus has been applied on delivering best-in-class technology, quality, and customer satisfaction by the manufacturing companies. Atsumitec Co., Ltd, Delta Kogyo Co., Ltd, and Eissmann Automotive Deutschland GmbH who are the pioneer leading manufacturers are striving on providing superior quality in the customized products through engineering skills, expertise, and innovation based on the customer requirements. Companies also rely upon the strong R&D, strategic takeovers, and investment in technology to expand their customer base.
An Adaptive Approach to Modern-day Research Needs
Transmission Shifter Systems Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Automatic Shifter
- Shift by Wire
- Automatic Transmission
- Manual Transmission
- Automated Manual Transmission
- Continuous Variable Transmission
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia and Pacific (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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