Advanced Gear Shifter System Market : To Witness Excellent Revenue Growth, Emerging Trends & Forecast To 2021-2031

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Advanced Gear Shifter System: Introduction

  • Advanced gear shifter system is used to engage and disengage the gears in the transmission system of a vehicle. The system employs a lever and an electronic system to change gears as per the driver’s requirement. The advantage of advanced gear shifter system is accurate and quick response to gear actuation.

Key Drivers of Global Advanced Gear Shifter System Market

  • Rising demand for vehicles with semi-automatic and automatic transmission as compared to manual transmission, due to quick response of gear actuations in vehicles, is fueling the global advanced gear shifter system market
  • The trend of urbanization is rising at significant pace, which is leading to increase in the average income of urban population and enabling them to enhance their lifestyles. Furthermore, an increase in the demand for passenger cars is prompting manufacturers to increase in the production of commercial vehicles, which in turn is boosting the advanced gear shifter system market across the globe.
  • Increase in demand for electric vehicles and mass adoption of electric vehicles among consumers, strategic initiatives by several key players, government initiatives to increase the sale of electric vehicles, and the governments of quite a few nations are providing subsidies and implementing stringent emission norms in order to promote electric vehicles are key factors that are expected to boost the demand for electric vehicles during the forecast period. This, in turn, is likely to fuel the demand for advanced gear shifter system across the globe.

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Advanced Gear Shifter System to Offer Significant Opportunities

  • Hybrid transmission is a compact type of automatic gear box with an integrated high-voltage electric motor on the output side for plug-in hybrid vehicles. Rise in demand for automatic and hybrid transmission within vehicles in developed countries and haptic shifter in future vehicles are estimated to offer significant opportunities for the advanced gear shifter system market during the forecast period.

Complications of an Advanced Gear Shifter to Hamper Market

  • The advanced gear shifter system is more expensive and less reliable as compared to normal gear shifter owing to its highly complicated design. These factors restrain the advanced gear shifter system market. These shifters cannot be easily repaired due to their complex mechanism and design. This hampers the advanced gear shifter system market across the globe.

Asia Pacific to Hold Significant Share of Global Advanced Gear Shifter System Market

  • The automotive industry in China is expanding at a significant pace. Demand for vehicles with automatic and semi-automatic transmission for smaller commute routes is significantly high in the country. Availability of large consumer base, high preference of own vehicle as a mode of transportation, and affordability are key factors that are driving the advanced gear shifter system market in the country at a rapid pace. Vehicle production and adoption of advanced shifter technology in vehicles is increasing. Furthermore, expansion of leading OEMs and automotive component suppliers in developing economies, such as China and India, are projected to drive the advanced gear shifter system market in Asia Pacific.

Key Players Operating in Global Advanced Gear Shifter System Market

The global advanced gear shifter system market is highly fragmented with top manufacturers across the globe. A few key players operating in the global advanced gear shifter system market are:

  • ZF Friedrichshafen AG
  • Kongsberg Automotive
  • Stoneridge, Inc.
  • Fuji Kiko Co., Ltd
  • DURA AUTOMOTIVE SYSTEMS
  • Ficosa Internacional SA
  • KUSTER Unternehmensgruppe

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