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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.
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.
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.
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.
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.
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.
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 |
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Breakup by Technology |
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Breakup by Application |
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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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*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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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 SELZER Fertigungstechnik GmbH & Co. KG, Bayerische Motoren Werke AG, Dr. Ing. h.c. F. Porsche AG, Suzuki Motor Corporation, Ficosa, Internacional SA, Kongsberg Automotive, Tokairika, Co, Ltd., Tata Motors Ltd., Volkswagen AG, Others
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