Automotive Gear Shift System Market Size, Share and Segmentation by System Type (Automatic System, Manual System), by Component (CAN Module, Electronic Control Unit (ECU), Solenoid Actuator, Others), by Vehicle Type (Passenger cars, LCV, HCV), by Regions and Global Market Forecast 2023-2030
Report Id: SNS/AUTO/2302 | July 2022 | Region: Global | 128 Pages
Report Scope & Overview:
Automotive Gear Shift System Market Size was valued at USD 13.54 billion in 2022 and is expected to reach USD 25.06 billion by 2030 and grow at a CAGR of 8% over the forecast period 2023-2030.
The operation of the Advanced Gear Shifter System includes both the arrangement and the disarrangement of the gears in the vehicle. It makes it possible for the car to function with the modern technology of having only two pedals. It does not have a clutch pedal, therefore the amount of work and effort required is significantly less. It provides the ease of maintenance that comes with an automatic transmission without sacrificing the fuel economy of the vehicle. The modern gear shift system has a number of advantages, including the facilitation of driving, the accessibility of technology, an increase in mileage, and a seamless transition between gears. It is applicable to a wide range of different autos.
The top company in the market for automotive gear shift systems, Friedrichshafen AG, has made an announcement on the debut of a new electrified clutch. The purpose of this clutch is to increase the efficiency of manual transmission in automobiles. The gadget is going to be marketed by the firm as a way to improve the fuel efficiency of vehicles that use gear shifting systems that are manually operated.
MARKET DYNAMICS:
KEY DRIVERS:
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It is expected that more advanced technology would be adopted.
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Environmental deterioration is becoming an increasing concern as a result of emissions.
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Demand for smooth and rapid gear impulses to attain driving satisfaction is driving market expansion.
RESTRAINTS:
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Manufacturing gears and drives are hindered by the high cost of raw materials and metal alloys.
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Repairing an automatic gear shift system is quite expensive and requires a lot of expertise.
OPPORTUNITIES:
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Increased progress in the development of many technologies.
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Increase in demand for fuel-efficient components.
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EV expansion will generate opportunities for gear shift manufacturers.
CHALLENGES:
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The market has long been challenged by the rising cost of non-ferrous raw materials and alloys.
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Demand for lightweight and durable electric car materials will require new methods and technology.
IMPACT OF COVID-19:
The automotive gear shift market was not an exception; it was profoundly affected by the effects that Covid 19 had on all other markets. The entirety of the automobile industry was forced to contend with a number of challenges. The most major one was the decrease in demand for automobiles because of the restrictions placed on people's ability to travel. Because there were fewer automobiles being manufactured, the market for automotive gear shifts saw a significant loss as well. The other problem was that the supply chains didn't work properly, which was a major setback. Both the production rate and the expected growth rate fell as a direct consequence of this development. Nevertheless, a favorable growth rate was brought about during the time period by the increase in demand for electric vehicles. In addition, since limits were eased, the industry that makes gear shifts for automobiles has been seeing robust growth.
KEY MARKET PLAYERS:
Continental AG (Germany), ZF Friedrichshafen AG (Germany), Allison Transmission (U.S.), Aisin Seiki Co., Ltd. (Japan), GETRAG (Germany), and GKN PLC (U.K.). ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Republic of Ireland), Magna International Inc. (Canada), and JATCO Ltd. (Japan) are some of the affluent competitors with significant market share in the Automotive Gear Shift System Market.
MARKET ESTIMATION:
Market, By Product:
The global market has been divided into automatic systems, and manual systems based on the product segment. Automatic transmissions gain market share. This segment's technological advances are drawing more clients. The automatic gear shift technology improves user comfort by reducing driver effort. It improves vehicle fuel economy. Manual transmissions remain popular. Its popularity in conventional automobiles and its repairability contribute to its dominance.
Market, By Application:
The global market has been divided into CAN Module, Electronic Control Unit (ECU), Solenoid Actuator, and Others Based on application segment. CAN modules are the fastest-growing component market for advanced gear shifter systems. Others follow. Modern vehicles employ CAN modules for communication and sophisticated shifting.
Market, By Material:
The global market has been divided into passenger cars, LCV, and HCV based on the material segment. It is the light commercial vehicle segment that is leading the industry. Their versatility and affordability make them ideal for a wide range of applications. The Passenger Vehicle segment, on the other hand, is gaining market share at a quicker rate because of the rising demand for budget-friendly cars.
MARKET SEGMENTATION:
By System Type:
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Automatic System
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Manual System
By Component:
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CAN Module
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Electronic Control Unit (ECU)
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Solenoid Actuator
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Others
By Vehicle Type:
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Passenger cars
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LCV
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HCV
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REGIONAL ANALYSIS:
The Asia-Pacific region is the world's most populous. This region's demand is being driven by a growing population with more disposable income. The strong economic expansion in this area is also a contributing aspect to the region's growth. Increasing demand is being driven by the vehicle industry's growth in China, India, Japan, and South Korea. In terms of gear shift systems, Europe is the second-largest market. Increasing sales of eco-friendly passenger automobiles are the primary driver of demand here. As a result, Europe's well-established vehicle manufacturing industry has been able to meet consumer demand. We are seeing continuous expansion in the North American market. Demand for vehicles with cutting-edge technology is increasing. People's increased discretionary income and desire for high-end and mid-range automobiles are also boosting the market for vehicle gear change systems. In addition, the usage of electric vehicles is increasing in this area.
REGIONAL COVERAGE:
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North America
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The USA
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Canada
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Mexico
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Europe
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Germany
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The UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 13.54 Billion |
| Market Size by 2030 | US$ 25.06 Billion |
| CAGR | CAGR of 8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By System Type (Automatic System, Manual System) • By Component (CAN Module, Electronic Control Unit (ECU), Solenoid Actuator, Others) • By Vehicle Type (Passenger cars, LCV, HCV) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Continental AG (Germany), ZF Friedrichshafen AG (Germany), Allison Transmission (U.S.), Aisin Seiki Co., Ltd. (Japan), GETRAG (Germany), and GKN PLC (U.K.). ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Republic of Ireland), Magna International Inc. (Canada), and JATCO Ltd. (Japan) |
| Key Drivers | • It is expected that more advanced technology would be adopted. • Environmental deterioration is becoming an increasing concern as a result of emissions. • Demand for smooth and rapid gear impulses to attain driving satisfaction is driving market expansion. |
| Restraints | • Manufacturing gears and drives are hindered by the high cost of raw materials and metal alloys. • Repairing an automatic gear shift system is quite expensive and requires a lot of expertise. |
Frequently Asked Questions (FAQ) :
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Gear Shift System Market Segmentation, By System type
8.1 Automatic system
8.2 Manual system
9. Global Automotive Gear Shift System Market Segmentation, By Component
9.1 CAN Module
9.2 Electronic Control Unit (ECU)
9.3 Solenoid Actuator
9.4 Others
10. Global Automotive Gear Shift System Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 LCV
10.3 HCV
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 ZF Friedrichshafen AG (Germany),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Continental AG (Germany)
12.3 Allison Transmission (U.S.)
12.4 Aisin Seiki Co., Ltd. (Japan)
12.5 GETRAG (Germany)
12.6 GKN PLC (U.K.)
12.7 BorgWarner Inc. (U.S.)
12.8 Eaton Corporation PLC (Republic of Ireland)
12.9 Magna International Inc. (Canada)
12.10 JATCO Ltd. (Japan)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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