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Historical Year
Forecast Year
The global advanced gear shifter system market stood at a value of around USD 13.16 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.50% to reach USD 23.15 billion by 2032.
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The demand for light-duty vehicles (LDV) has been growing owing to the lower cost of fuel, reduced environmental pollution, and high fuel efficiency offered by these vehicle types. Also, the frequency of repair in the case of LDV is quite less. Additionally, LDV is becoming popular, as it is cost-effective, attractive, and is subject to customisation. Furthermore, the deployment of advanced shifter technologies, including automatic shifter and shift-by-wire in mid-size and economy class of light-duty vehicles is expected to favour the market growth in the forecast period.
The market for advanced gear shifter system in the Asia Pacific is driven by the increasing production of commercial and passenger cars owing to the thriving automotive industry in countries like China, India, and others. The market is supported by the steady economic growth in emerging economies of the continent. In addition to this, the rising disposable income and the rapidly growing population in the region are likely to propel the demand for luxury automobiles with automated manual transmission, thereby enhancing the product demand.
Advanced gear shifter system is defined as the arrangement and disarrangement of gears, which allows the car to work on the principle of advanced technologies. Advanced gear shifter system uses lever and electronic system to engage or disengage gear. Being an electronically controlled system, advanced gear shifter can identify when a driver changes the gear, thus, facilitating various operations.
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Based on technology, the market can be segmented into:
By component, the market has been segmented into:
The different vehicle types in the market include:
Among these, the light-duty vehicles (LDV) segment is further divided based on type into economy class, mid-size class, and luxury class.
The segmentation of the market based on electric vehicle include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising application of advanced gear shifter system in commercial vehicles is driving the global advanced gear shifter system industry. The increasing demand for advanced gear shifter system in commercial vehicles can be attributed to the smooth and quick gear impulse achieved by the vehicles through the incorporation of this system. Moreover, the changing consumer preference towards automated manual transmission (AMT) to achieve improved vehicle performance even in high traffic areas is anticipated to boost the market growth. Hence, the global advanced gear shifter system industry is likely to witness a steady growth in the forecast period.
The report gives a detailed analysis of the following key players in the global advanced gear shifter system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Component |
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| Breakup by Vehicle Type |
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| Breakup by Electric Vehicle |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global advanced gear shifter system market attained a value of nearly USD 13.16 billion.
The market is estimated to grow at a CAGR of 6.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 23.15 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of advanced gear shifter system in light-duty and commercial vehicles, increasing urbanisation, growing automotive sector, and the changing consumer preference towards automated manual transmission (AMT).
The growing investment by the major automotive players to improve fuel efficiency and offer enhanced product portfolio is expected to be a key trend guiding the growth of the industry.
Automatic shifter and shift-by-wire (SBW) are the major technologies included in the market report.
Can module, electronic control unit (ECU), and solenoid actuator, among others are the different components of the product.
Light-duty vehicles (LDV) and commercial vehicles are the different vehicle types explored in the market report.
Battery electric vehicle, fuel cell electric vehicle, and plug-in hybrid electric vehicle are the different electric vehicles.
The major players in the industry are ZF Friedrichshafen AG, Kongsberg Automotive Holding ASA, Delta Kogyo Co., Ltd., and Dura Automotive Systems, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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