Reports
Global Advanced Gear Shifter System Market: By Technology: Automatic Shifter, Shift-By-Wire (SBW); By Component: Can Module, Electronic Control Unit (ECU), Others; By Vehicle Type; By Electric Vehicle; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Advanced Gear Shifter System Market Outlook
The global advanced gear shifter system market stood at a value of around USD 11.6 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.50% to reach USD 16.9 billion by 2027.
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Growing Demand for Light-Duty Vehicles (LDV) to Aid the Advanced Gear Shifter System Industry
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.
North America Accounts for a Significant Share in the Advanced Gear Shifter System Industry
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: Market Segmentation
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:
- Automatic Shifter
- Shift-By-Wire (SBW)
By component, the market has been segmented into:
- Can Module
- Electronic Control Unit (ECU)
- Solenoid Actuator
- Others
The different vehicle types in the market include:
- Light-Duty Vehicles (LDV)
- Commercial Vehicles
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:
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Plug-In Hybrid Electric Vehicle
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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Rising Application of Advanced Gear Shifter System in Commercial Vehicles to Boost the Growth of the Advanced Gear Shifter System Industry
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.
Key Industry Players in the Global Advanced Gear Shifter System Market
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:
- ZF Friedrichshafen AG
- Kongsberg Automotive Holding ASA
- Delta Kogyo Co., Ltd.
- Dura Automotive Systems
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Component, Vehicle Type, Electric Vehicle, Region |
| Breakup by Technology | Automatic Shifter, Shift-By-Wire (SBW) |
| Breakup by Component | Can Module, Electronic Control Unit (ECU), Solenoid Actuator, Others |
| Breakup by Vehicle Type | Light-Duty Vehicles (LDV), Commercial Vehicles |
| Breakup by Electric Vehicle | Battery Electric Vehicle, Fuel Cell Electric Vehicle, Plug-In Hybrid Electric Vehicle |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ZF Friedrichshafen AG, Kongsberg Automotive Holding ASA, Delta Kogyo Co., Ltd., Dura Automotive Systems, Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Advanced Gear Shifter System Market Analysis
8.1 Key Industry Highlights
8.2 Global Advanced Gear Shifter System Historical Market (2018-2022)
8.3 Global Advanced Gear Shifter System Market Forecast (2023-2028)
8.4 Global Advanced Gear Shifter System Market by Technology
8.4.1 Automatic Shifter
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Shift-By-Wire (SBW)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Advanced Gear Shifter System Market by Component
8.5.1 Can Module
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Electronic Control Unit (ECU)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Solenoid Actuator
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Advanced Gear Shifter System Market by Vehicle Type
8.6.1 Light-Duty Vehicles (LDV)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.1.4 Market by Type
8.6.1.4.1 Economy Class
8.6.1.4.2 Mid-Size Class
8.6.1.4.3 Luxury Class
8.6.2 Commercial Vehicles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Advanced Gear Shifter System Market by Electric Vehicle
8.7.1 Battery Electric Vehicle
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Fuel Cell Electric Vehicle
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Plug-In Hybrid Electric Vehicle
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Advanced Gear Shifter System Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Advanced Gear Shifter System Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Advanced Gear Shifter System Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Advanced Gear Shifter System Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Advanced Gear Shifter System Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Advanced Gear Shifter System Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ZF Friedrichshafen AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Kongsberg Automotive Holding ASA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Delta Kogyo Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dura Automotive Systems
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market
Additional Customisations Available:
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 ManpowerOther Capital Investment
List of Key Figures and Tables
1. Global Advanced Gear Shifter System Market: Key Industry Highlights, 2018 and 2028
2. Global Advanced Gear Shifter System Historical Market: Breakup by Technology (USD Billion), 2018-2022
3. Global Advanced Gear Shifter System Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4. Global Advanced Gear Shifter System Historical Market: Breakup by Component (USD Billion), 2018-2022
5. Global Advanced Gear Shifter System Market Forecast: Breakup by Component (USD Billion), 2023-2028
6. Global Advanced Gear Shifter System Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
7. Global Advanced Gear Shifter System Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
8. Global Advanced Gear Shifter System Historical Market: Breakup by Electrical Vehicle (USD Billion), 2018-2022
9. Global Advanced Gear Shifter System Market Forecast: Breakup by Electrical Vehicle (USD Billion), 2023-2028
10. Global Advanced Gear Shifter System Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Advanced Gear Shifter System Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Advanced Gear Shifter System Market Structure
Key Questions Answered in the Report
In 2021, the global advanced gear shifter system market attained a value of nearly USD 11.6 billion.
The market is estimated to grow at a CAGR of 6.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 16.9 billion by 2027.
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.
Analyst Review
The global advanced gear shifter system market attained a value of USD 11.6 billion in 2021, driven by the rising application of advanced gear shifter system in light-duty and commercial vehicles. Aided by the technological advancements in the automotive industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.50%. The market is projected to reach USD 16.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the market is divided into automatic shifter and shift-by-wire (SBW). On the basis of component, the market is divided into can module, electronic control unit (ECU), and solenoid actuator, among others. The segmentation of the market on the basis of vehicle type includes light-duty vehicles (LDV) and commercial vehicles. By electric vehicle, the market is divided into battery electric vehicle, fuel cell electric vehicle, and plug-in hybrid electric vehicle. The major regional markets for advanced gear shifter system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ZF Friedrichshafen AG, Kongsberg Automotive Holding ASA, Delta Kogyo Co., Ltd., and Dura Automotive Systems, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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