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 |
|
---|---|
Opportunities |
|
Challenges |
|
Top Technology | Automatic Shifter |
---|---|
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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