The global advanced gear shifter system market is anticipated to be worth US$ 41.2 billion by 2034. The market is projected to register an impressive 8.8% CAGR until 2034. In 2024, the market is estimated to be valued at US$ 17.7 billion.
Attributes | Details |
---|---|
Advanced Gear Shifter System Market Size, 2023 | US$ 16.0 billion |
Advanced Gear Shifter System Market Size, 2024 | US$ 17.7 billion |
Anticipated Market Size, 2034 | US$ 41.2 billion |
Value-based CAGR (2024 to 2034) | 8.8% |
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Soaring Electric and Hybrid Vehicle Sales Spur Market Demand
The increasing popularity of hybrid and electric cars has spurred demand for intelligent gear shift systems designed specifically for these vehicles. Product portfolios are carefully aligned by automakers with the changing propulsion landscape, making gear shifters suited for electric powertrains necessary.
This change is a calculated move to gain market share in the rapidly growing electric automobile sector, where modern gear shifter designs are essential to maximize efficiency and customer satisfaction, helping businesses gain a competitive edge in the auto industry.
Introduction of Dynamic Shifting Profiles Enhances Market Appeal and Versatility
Dynamic shifting profiles are a thoughtful solution to modern gear shift systems' wide range of driving preferences. Automakers are creating shifting profiles that adjust to various driving conditions, such as eco-friendly modes for fuel-efficient commuting and performance-oriented shifts for aggressive driving.
This tactical approach enhances the vehicles' market appeal and adaptability by catering to a wide range of consumer preferences. Brand loyalty and competitive distinction in the congested automotive sector are fostered by firms positioning themselves as cognizant of consumer demands through customizable driving experiences.
Businesses Aim to Gain a Competitive Edge Using Integration with ADAS
In line with the industry's strategic objective of augmenting vehicle safety and automation, electronic automotive shifter systems are being incorporated with advanced driver assistance systems (ADAS). In order to enable features like automated parking and cooperation with adaptive cruise control, automakers are deliberately integrating intelligent gear shift systems into larger ADAS frameworks.
In addition to improving overall vehicle safety, this smart move gives businesses a competitive edge in a market where improvements in automation and safety are rapidly defining the industry. Companies are also positioned as leaders in the integration of smart technology.
Trends |
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Opportunities |
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Challenges |
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Top Technology | Automatic Shifter |
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CAGR (2024 to 2034) | 8.6% |
Based on technology, the automatic shifter segment is projected to lead the market, growing at an 8.6% CAGR through 2034. This is attributable to the following reasons:
Top Component | Solenoid Actuator |
---|---|
CAGR (2024 to 2034) | 8.4% |
Based on the component, the solenoid actuator segment is predicted to thrive at an 8.4% CAGR through 2034. The key factors driving the segment’s growth are:
Countries | CAGR (2024 to 2034) |
---|---|
United States | 9.1% |
United Kingdom | 10.0% |
China | 9.6% |
Japan | 10.3% |
South Korea | 11.1% |
The demand for advanced gear shifter systems in the United States is predicted to rise at a 9.1% CAGR through 2034. The key drivers are:
Sales of advanced gear shifter systems in the United Kingdom are projected to increase at a 9.1% CAGR through 2034. The key factors are:
The advanced gear shifter system market growth in China is estimated at a 9.6% CAGR through 2034. The key drivers are:
The demand for advanced gear shifter systems in Japan is anticipated to surge at a 10.3% CAGR through 2034. The key drivers are:
The advanced gear shifter systems market in South Korea is projected to thrive at an 11.1% CAGR through 2034. The key factors propelling the market growth are:
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The competitive environment of the advanced gear shifter system market is defined by constant competition among traditional automotive suppliers, new tech-focused startups, and their strategic partners. With a wide range of cutting-edge gear shifter options, leading companies in the automotive component industry include ZF Friedrichshafen AG, BorgWarner Inc., Continental AG, etc.
These industry titans retain a competitive edge by utilizing their vast R&D skills and worldwide production networks to meet the various demands of automakers in multiple locations.
Recent Developments
The global advanced gear shifter system market is valued at US$ 17.7 billion in 2024.
The advanced gear shifter system market size is estimated to increase at an 8.8% CAGR through 2034.
The advanced gear shifter system market is anticipated to be worth US$ 41.2 billion by 2034.
The demand for solenoid actuators is rising in the industry.
The market in South Korea is predicted to rise at an 11.1% CAGR through 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2024 to 2034 5.3.1. Automatic Shifter 5.3.2. Shift-By-Wire (SBW) 5.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component, 2024 to 2034 6.3.1. Solenoid Actuator 6.3.2. Electronic Control Unit (ECU) 6.3.3. CAN Module 6.3.4. Others 6.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vehicle Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2024 to 2034 7.3.1. Light Duty Vehicle 7.3.2. Commercial Vehicle 7.3.3. Electric Vehicle Type 7.3.4. Other 7.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Vehicle Type, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Technology 9.2.3. By Component 9.2.4. By Vehicle Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Technology 9.3.3. By Component 9.3.4. By Vehicle Type 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Rest of Latin America 10.2.2. By Technology 10.2.3. By Component 10.2.4. By Vehicle Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Technology 10.3.3. By Component 10.3.4. By Vehicle Type 10.4. Key Takeaways 11. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. UK 11.2.1.5. Spain 11.2.1.6. Russia 11.2.1.7. BENELUX 11.2.1.8. Rest of Europe 11.2.2. By Technology 11.2.3. By Component 11.2.4. By Vehicle Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Technology 11.3.3. By Component 11.3.4. By Vehicle Type 11.4. Key Takeaways 12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Technology 12.2.3. By Component 12.2.4. By Vehicle Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Technology 12.3.3. By Component 12.3.4. By Vehicle Type 12.4. Key Takeaways 13. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Technology 13.2.3. By Component 13.2.4. By Vehicle Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Technology 13.3.3. By Component 13.3.4. By Vehicle Type 13.4. Key Takeaways 14. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Technology 14.2.3. By Component 14.2.4. By Vehicle Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Technology 14.3.3. By Component 14.3.4. By Vehicle Type 14.4. Key Takeaways 15. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC 15.2.1.2. Rest of MEA 15.2.2. By Technology 15.2.3. By Component 15.2.4. By Vehicle Type 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Technology 15.3.3. By Component 15.3.4. By Vehicle Type 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Technology 16.1.2.2. By Component 16.1.2.3. By Vehicle Type 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Technology 16.2.2.2. By Component 16.2.2.3. By Vehicle Type 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Technology 16.3.2.2. By Component 16.3.2.3. By Vehicle Type 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Technology 16.4.2.2. By Component 16.4.2.3. By Vehicle Type 16.5. Argentina 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Technology 16.5.2.2. By Component 16.5.2.3. By Vehicle Type 16.6. Germany 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Technology 16.6.2.2. By Component 16.6.2.3. By Vehicle Type 16.7. Italy 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Technology 16.7.2.2. By Component 16.7.2.3. By Vehicle Type 16.8. France 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Technology 16.8.2.2. By Component 16.8.2.3. By Vehicle Type 16.9. UK 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Technology 16.9.2.2. By Component 16.9.2.3. By Vehicle Type 16.10. Spain 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Technology 16.10.2.2. By Component 16.10.2.3. By Vehicle Type 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Technology 16.11.2.2. By Component 16.11.2.3. By Vehicle Type 16.12. BENELUX 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Technology 16.12.2.2. By Component 16.12.2.3. By Vehicle Type 16.13. China 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Technology 16.13.2.2. By Component 16.13.2.3. By Vehicle Type 16.14. Japan 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Technology 16.14.2.2. By Component 16.14.2.3. By Vehicle Type 16.15. South Korea 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Technology 16.15.2.2. By Component 16.15.2.3. By Vehicle Type 16.16. India 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Technology 16.16.2.2. By Component 16.16.2.3. By Vehicle Type 16.17. Thailand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Technology 16.17.2.2. By Component 16.17.2.3. By Vehicle Type 16.18. Malaysia 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Technology 16.18.2.2. By Component 16.18.2.3. By Vehicle Type 16.19. Indonesia 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Technology 16.19.2.2. By Component 16.19.2.3. By Vehicle Type 16.20. Australia 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Technology 16.20.2.2. By Component 16.20.2.3. By Vehicle Type 16.21. New Zealand 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Technology 16.21.2.2. By Component 16.21.2.3. By Vehicle Type 16.22. GCC Countries 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Technology 16.22.2.2. By Component 16.22.2.3. By Vehicle Type 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Technology 17.3.3. By Component 17.3.4. By Vehicle Type 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. ZF Friedrichshafen AG 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Stoneridge Inc 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Kongsberg Automotive 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Dura Automotive Systems 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Fuji Kiko Co., Ltd 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Ficosa International S.A 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Eissmann Group Automotive 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. ATSUMITEC CO.LTD 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Delta Kogyo Co., Ltd. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Sila Group 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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