Reports
Sale
Global Advanced Gear Shifter System Market Size, Share, Forecast: By Technology: Automatic Shifter, Shift-By-Wire (SBW); By Component: Can Module, Electronic Control Unit (ECU), Solenoid Actuator, Others; By Vehicle Type: Light-Duty Vehicles (LDV), Others; By Electric Vehicle; Regional Analysis; Competitive Landscape; 2024-2032
Global Advanced Gear Shifter System Market Outlook
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Key Highlights of the Report
| 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:
|
| Breakup by Technology |
|
| Breakup by Component |
|
| Breakup by Vehicle Type |
|
| Breakup by Electric Vehicle |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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 (2018-2023)
8.3 Global Advanced Gear Shifter System Market Forecast (2024-2032)
8.4 Global Advanced Gear Shifter System Market by Technology
8.4.1 Automatic Shifter
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Shift-By-Wire (SBW)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Advanced Gear Shifter System Market by Component
8.5.1 Can Module
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electronic Control Unit (ECU)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Solenoid Actuator
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
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 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Market by Type
8.6.1.3.1 Economy Class
8.6.1.3.2 Mid-Size Class
8.6.1.3.3 Luxury Class
8.6.2 Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Advanced Gear Shifter System Market by Electric Vehicle
8.7.1 Battery Electric Vehicle
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Fuel Cell Electric Vehicle
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Plug-In Hybrid Electric Vehicle
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Advanced Gear Shifter System Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Advanced Gear Shifter System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Advanced Gear Shifter System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Advanced Gear Shifter System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Advanced Gear Shifter System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Advanced Gear Shifter System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Advanced Gear Shifter System Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Advanced Gear Shifter System Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Advanced Gear Shifter System Historical Market: Breakup by Component (USD Billion), 2018-2023
5. Global Advanced Gear Shifter System Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. Global Advanced Gear Shifter System Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Advanced Gear Shifter System Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Advanced Gear Shifter System Historical Market: Breakup by Electrical Vehicle (USD Billion), 2018-2023
9. Global Advanced Gear Shifter System Market Forecast: Breakup by Electrical Vehicle (USD Billion), 2024-2032
10. Global Advanced Gear Shifter System Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Advanced Gear Shifter System Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Advanced Gear Shifter System Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Advanced Gear Shifter System Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Advanced Gear Shifter System Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global advanced gear shifter system market attained a value of USD 13.16 billion in 2023, 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 2024-2032, growing at a CAGR of 6.50%. The market is projected to reach USD 23.15 billion by 2032.
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.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER