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Global Selector Lever Market Analysis, Share, Forecast: By Lever: Mechatronic Levers, Mono Stable Levers, Miniaturised Levers; By Technology: Automatic Selector Levers, Manual Selector Levers; By Application: Commercial Vehicles, Passenger Vehicles; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Selector Lever Market Outlook
The global selector lever market size is estimated to grow at a CAGR of 9.30% in the forecast period of 2024-2032. The market is being aided by the growing usage of selector levers to enhance the comfortability and driving experiences of vehicles.
Key Trends in the Market
A selector lever in an automobile refers to a lever or knob that is used to change the gear mode of a vehicle. This lever is usually found on the middle console of a vehicle and offers automatic transmissions such as park, reverse, neutral, drive, and low.
- Growing demand for selector levers that offer a comfortable driving experience by enhancing engine stability is one of the prominent selector lever market trends. Selector levers are not very complex to operate and offer easy transmission of gears in the vehicle.
- The burgeoning popularity of compact-sized selector levers that are designed to save space in a vehicle is another crucial trend aiding the market expansion.
- With the rising trend of sustainability, many vehicle manufacturers are utilising sustainable materials in the production of vehicles and their components such as selector levers to lower carbon emissions.
- The advent of high-end safety features such as a shift lock mechanism in the selector lever, which prevents the unintentional shear shift that can lead to accidents, also provides impetus to the selector lever market growth.
Market Analysis
Based on lever, the market is divided into mechatronic levers, mono stable levers, and miniaturised levers. On the basis of technology, the market is classified into automatic selector levers and manual selector levers.
The selector lever market segmentation, on the basis of application, includes commercial vehicles and passenger vehicles. The major regional markets of selector lever are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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. The report gives a detailed analysis of the following key players in the selector lever market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Bayerische Motoren Werke AG
- Volkswagen AG
- Suzuki Motor Corporation
- Tata Motors Ltd.
- Dr. Ing. h.c. F. Porsche AG
- Tokairika, Co, Ltd.
- Kongsberg Automotive
- Ficosa Internacional SA
- SELZER Fertigungstechnik GmbH & Co. KG
- Others
Market Share by Technology
Automatic selector levers occupy a significant portion of the selector lever market share, owing to the shift in consumer preference from manual transmission to automatic systems. Automatic levers offer convenience for those who prefer a relaxed driving experience as they do not require any manual effort during the shifting of gears.
Additionally, these levers are better suited for long-distance travel as they require less physical effort and do not cause fatigue to the driver.
Market Share by Region
As per the selector lever market analysis, North America accounts for a sizeable share of the global market, due to the growing ownership of SUVs, which are mostly equipped with automatic selector levers. Favourable government initiatives to ensure the safety standards of the vehicle also offer lucrative opportunities for selector gears, which feature shift lock release.
Meanwhile, the robust popularity of sports cars in the region further fuels the demand for manual selector levers that offer drivers more control over their speed and acceleration.
Competitive Landscape
Bayerische Motoren Werke AG, best known as BMW, is a multinational luxury vehicle company, established in 1916. The company, based in Munich, Germany, manufactures and distributes high-performance vehicles and their related parts.
Volkswagen AG, founded in 1937, is an automotive company, with its headquarters in Wolfsburg, Germany. The company promotes sustainability through its projects such as the electrification of Spain and the recycling of carbon fibre composite material, among others.
Suzuki Motor Corporation, incorporated in 1909 and headquartered in Shizuoka, Japan, is a global automobile corporation. Some of its well-known models include Alto, APV, Celerio, Ciaz, Swift, SX4, and Vitara, among others.
Other selector lever market players include Tata Motors Ltd., Dr. Ing. h.c. F. Porsche AG, Tokairika, Co, Ltd., Kongsberg Automotive, Ficosa Internacional SA, and SELZER Fertigungstechnik GmbH & Co. KG, among others.
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:
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| Breakup by Lever |
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Selector Lever Market Analysis
8.1 Key Industry Highlights
8.2 Global Selector Lever Historical Market (2018-2023)
8.3 Global Selector Lever Market Forecast (2024-2032)
8.4 Global Selector Lever Market by Lever
8.4.1 Mechatronic Levers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mono Stable Levers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Miniaturised Levers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Selector Lever Market by Technology
8.5.1 Automatic Selector Levers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Manual Selector Levers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Selector Lever Market by Application
8.6.1 Commercial Vehicles
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Passenger Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Selector Lever Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Selector Lever 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 Selector Lever 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 Selector Lever 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 Selector Lever 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 Selector Lever 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 Bayerische Motoren Werke 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 Volkswagen AG
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 Suzuki Motor Corporation
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 Tata Motors Ltd.
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 Dr. Ing. h.c. F. Porsche AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tokairika, Co, Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kongsberg Automotive
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Ficosa Internacional SA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 SELZER Fertigungstechnik GmbH & Co. KG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Selector Lever Market: Key Industry Highlights, 2018 and 2032
2. Global Selector Lever Historical Market: Breakup by Lever (USD Million), 2018-2023
3. Global Selector Lever Market Forecast: Breakup by Lever (USD Million), 2024-2032
4. Global Selector Lever Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Global Selector Lever Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Global Selector Lever Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Selector Lever Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Selector Lever Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Selector Lever Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Selector Lever Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Selector Lever Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Selector Lever Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Selector Lever Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Selector Lever Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Selector Lever Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Selector Lever Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Selector Lever Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Selector Lever Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Selector Lever Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Selector Lever Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.30% between 2024 and 2032.
The major market drivers are the growth of the automotive sector and the rising demand for automatic transmission systems.
The key trends of the market include growing demand for selector lever that offers a comfortable driving experience, the burgeoning popularity of compact-sized selector levers that are designed to save space, the utilisation of sustainable materials in vehicles and their components, and the advent of high-end safety features such as a shift lock mechanism.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different levers are mechatronic levers, monostable levers, and miniaturised levers.
Commercial vehicles and passenger vehicles are the various applications of selector lever.
The several segments based on technologies of selector lever are automatic selector levers and manual selector levers.
The key players in the market are Bayerische Motoren Werke AG, Volkswagen AG, Suzuki Motor Corporation, Tata Motors Ltd., Dr. Ing. h.c. F. Porsche AG, Tokairika, Co, Ltd., Kongsberg Automotive, Ficosa Internacional SA, and SELZER Fertigungstechnik GmbH & Co. KG, among others.
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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