Global automotive gear shifter market is forecast to grow at a CAGR of 4% during 2017-2023

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The global automotive gear shifter market, in terms of revenue, is valued at 2.6 Billion USD in 2017 and is forecast to grow at a CAGR of about 4% during the period from 2017 to 2023. The major factors influencing the growth of global automotive gear shifter market are the steady development of automotive across the world.

On the basis of type, the traditional mechanical gear shifter is the largest segment with around 90% sales share of the total market in 2017. Meanwhile, the electronic gear shifter developed at a double digit growth rate during last years, and the electronic gear shifter is expected to grow at a CAGR of 16% from 2017 to 2023.

On the basis of geography, the global automotive gear shifter market is segmented into regions, namely, North America, Europe, Asia-Pacific, South America, Middle East & Africa regions. In 2017, China is the largest as well as the fastest growing regional market for automotive gear shifter and held 29% sales share in the global market.

The global automotive gear shifter market comprises numerous players offering broad range of products. Lots of manufactures of automotive gear shifter offer a wide range of automotive gear shifter solutions to fit specific original equipment manufacturers (OEMs) and aftermarket requirements. The key players in the automotive gear shifter market include Kongsberg, ZF, GHSP, SL Corporation, Sila, Ficosa, Fuji Kiko, Kostal, DURA, Tokai Rika and others.

This report studies the global Automotive Gear Shifter market status and forecast, categorizes the global Automotive Gear Shifter market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Automotive gear Shifter is a metal lever attached to the shift assembly in a manual transmission-equipped automobile and is used to change gears. In an automatic transmission-equipped vehicle, a similar device is known as a gear selector. A gear stick will normally be used to change gear whilst depressing the clutch pedal with the left foot to disengage the engine from the drivetrain and wheels.

On the basis of geography, the global automotive gear shifter market is segmented into regions, namely, North America, Europe, China, Japan, Korea and other regions. In 2015, China is the largest as well as the fastest growing regional market for automotive gear shifter and held 26% share in the global market. The demand for automotive gear shifter has been increasing in American countries such as USA.

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The global automotive gear shifter market comprises numerous players offering broad range of products. Lots of manufactures of automotive gear shifter offer a wide range of automotive gear shifter solutions to fit specific original equipment manufacturers (OEMs) and aftermarket requirements. The key players in the automotive gear shifter market include Kongsberg, ZF, GHSP, SL Corporation, Sila, Ficosa, Fuji Kiko, Kostal, DURA, Tokai Rika and others

The global automotive gear shifter market, in terms of revenue, is valued at 2.6 Billion USD in 2017 and is forecast to grow at a CAGR of about 4% during the period from 2017 to 2023. The major factors influencing the growth of global automotive gear shifter market are the steady development of automotive across the world.

On the basis of type, the traditional mechanical gear shifter is the largest segment with around 90% sales share of the total market in 2017. Meanwhile, the electronic gear shifter developed at a double digit growth rate during last years, and the electronic gear shifter is expected to grow at a CAGR of 16% from 2017 to 2023.

On the basis of geography, the global automotive gear shifter market is segmented into regions, namely, North America, Europe, Asia-Pacific, South America, Middle East & Africa regions. In 2017, China is the largest as well as the fastest growing regional market for automotive gear shifter and held 29% sales share in the global market.

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