Oct 08, 2019 (Heraldkeepers) -- According to "Automotive Gear Shift System Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report" published by Market Research Future, The Global Automotive Gear Shift System Market to grow at 6.56% CAGR by 2023. Automotive Gear Shift System Industry 2019 Report Segments Market for Automotive Gear Shift System by System Type (Automatic System, and Manual System), by Fuel Type (Petrol, Diesel, and Gasoline), by Application (Passenger Car, LCV, and HCV) and region.
Global Automotive Gear Shift System Key Players Analyzed in Report -
Major players in the global automotive gear shift system market include Aisin Seiki Co., Ltd. (Japan), Allison Transmission (USA), BorgWarner Inc. (USA), Continental AG (Germany), Eaton Corporation PLC (Republic of Ireland), GKN PLC (UK), Magna PT (Germany), JATCO Ltd. (Japan), Magna International Inc. (Canada), and ZF Friedrichshafen AG (Germany).
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Global Market Highlights:
Automotive gear shift system is defined as a metal lever that is attached to the shift assembly framework and used to change gears. Gear shift systems can accelerate and decelerate the vehicle.The massive growing sales of passenger cars will boost the demand for fuel-efficient automotive gear shift system. Growing automotive industry, increased advancement in technologies, and increase in demand for fuel-efficient components will enhance the growth of the market both in terms of value and volume. The new research report about the global automotive gear shift system market published by Market Research Future (MRFR) predicts the market revenue to rise at 6.56% CAGR between 2018 and 2023.
In many regions, strict government vehicle standards for the new vehicle is expected to enhance the growth during the forecast period. Manufacturers use more fuel and emission efficient components in vehicles to follow government guidelines. Research and development for better automotive gear shift systems may play a significant role in enhancing the global market revenue. Growing automotive industry, increased advancement in technologies, and increase in demand for fuel-efficient components are the major drivers for the automotive gear shift system market. Other factors backing the market growth include research and development (R&D) for better automotive gear shift systems, growth of the automotive industry, and the introduction of electric vehicles.
Market Segments Analysis:
The global automotive gear shift system market segmentation covers application, fuel system, and type. MRFR is analyzing the features of these segments to understand market trends.
The application-based segmentation of this market covers passenger cars, light commercial vehicles, and heavy commercial vehicles.
Based on the fuel system, the market has been segmented into diesel, gasoline, and petrol. By type, the market has been segmented into the automatic system and manual system.
Regional Market Insights:
In terms of region, the global market for the automotive gear shift system is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is projected to hold a significant market revenue share over the forecast period in terms of value followed by North America. Increase in sales of vehicles in countries such as China, Japan, and India, and growing demand for the advanced fuel-efficient components will aid the automotive gear shift system market growth.
Europe is the second-largest regional market due to the presence of key market players, technological advancement, high disposable income, and a high density of population. The esteemed country-specific markets in this region are France, Germany, Italy, and the U.K. Other countries in Europe also generate sizable revenue.
North America will be the second largest market in terms of market revenue owing to the increased use of mechanical components in the vehicle.
Table of Contents
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER'S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS