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Automotive Gear Shifter Market Trends

  • Report ID: GMI10759
  • Published Date: Aug 2024
  • Report Format: PDF

Automotive Gear Shifter Market Trends

The growing adoption of autonomous parking systems are driving the need for advanced gear shifter solutions that can seamlessly interface with these technologies. Autonomous parking requires precise control over gear selection and smooth transitions between forward, neutral, and reverse modes. Gear shifters equipped with smart sensors and electronic controls are crucial for ensuring reliable operation in self-parking scenarios. As urbanization leads to more congested parking spaces and consumers seek convenience, the integration of autonomous parking features in vehicles will boost demand for specialized gear shifters.
 

The rapid expansion of shared mobility and ride-hailing services is driving the need for durable and reliable gear shifter systems that can withstand the high usage demands of fleet vehicles. These vehicles often operate continuously, requiring gear shifters that offer long-lasting performance with minimal maintenance. Additionally, as ride-hailing companies prioritize safety and efficiency, advanced gear shifters with automated and user-friendly interfaces are becoming increasingly important. The growing popularity of shared mobility services is expected to significantly contribute to the demand for robust and efficient gear shifter solutions in the automotive market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive gear shifter reached USD 13.7 billion and will register a CAGR of over 7% by 2032, led by continuous R&D and integration of smart shift-by-wire technology.

In 2023, passenger cars held 70% share in market, owing to rising demand for advanced, stylish gear shifters that enhance driver comfort.

Asia Pacific market garnered over 35% share in 2023, ushered by rapid urbanization and rising vehicle ownership.

Continental AG, Ficosa International, Getrag (a Magna company), GHSP, GKN Automotive, KOSTAL Group, Kongsberg, Orscheln Products, SIGNATA, and ZF Friedrichshafen AG.

Automotive Gear Shifter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 23
  • Pages: 220
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