A recently released report by Fact.MR sheds light on the automatic shift gear system market performance and provides invaluable and actionable insights into the automotive shift gear system market. All the key factors influencing automotive shift gear system market growth have been identified and analyzed in the report. A list of all the macro and microeconomic factors impacting the growth of automotive shift gear system market have also been provided in the report. Additionally, an opportunity assessment of the automatic shift gear system market has also been included in the report. A comprehensive assessment of the competitive landscape prevalent in the automotive gear shift system market towards the end of the report. The Fact.MR report tracks the automotive gear shift system market for the period 2018-2028. According to the report, the automotive gear shift system market is projected to grow at 4.8% CAGR through 2028. The report on automotive gear shift system market is the consequence of a robust and elaborate research methodology employed during the compilation of the report.
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Additionally, simulation software is also finding increasing usage for testing and analysis of automotive shift gear systems. Manufacturers are using these systems to analyze different aspects of shift gear systems such as clutch pressure fluctuations and stick-slip friction coefficients. Further advancements in technology are likely to bolster automotive gear shift system market growth by potentially allowing manufacturers to produce custom systems for specific applications.
Automotive gear shift system manufacturers are increasingly leveraging technology for the production and testing of their products. Simulation software is finding widespread adoption in the market with manufacturers using the technology to test virtual gear shift system models under different driving conditions. Coupled with artificial intelligence, the information obtained from simulation software is used for optimizing the shift schedule of automotive gear shift systems. These technologies are enabling manufacturers to conduct real-time testing using virtual scenarios and aid in designing and accurate calibration of gear shift systems quickly, efficiently, and in a cost-effective manner.
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Vital Factors Driving the Growth of Automotive Gear Shift System Market?
- The development of automatic gear shift transmission systems is allowing automobile manufacturers to enhance the fuel-efficiency of their vehicles. Compliance with Corporate Average Fuel Economy (CAFÉ) norms coupled with the growing concerns about environmental degradation due to emissions is expected to play a vital role in bolstering the demand for automatic transmission systems which, in turn, is estimated to fuel automotive gear shift system market growth.
- Electric vehicles (EVs) are witnessing steady adoption, with many automakers committing to investments in this innovative technology. The growth in EV segment is likely to create significant opportunities for automotive gear shift system manufacturers
- Advancements in technology are aiding automotive gear shift system manufacturers in the development of sophisticated gear shifting mechanisms which can adapt autonomously to the driving conditions and provide optimized performance for better fuel economy and vehicle efficiency.
Demand for Stick Shift Gear Systems in Passenger Vehicles to Prevail
Automobile companies are focusing on the development of new technologies to enhance the performance of manual transmissions. In addition, the burgeoning demand for lightweight commercial vehicles in evolving mobility and ride-sharing services is likely to be a vital factor bolstering automotive gear shift system market growth. Other gear types in joystick, rotary, and stalk type are estimated to find increasing demand in different vehicles based on their utility. Automotive gear shift system market is expected to generate substantial revenues from both OEMs and aftermarket sales.
The study opines that stick shift gear systems will continue to be the top-selling variant, on account of its cost-effectiveness and role in achieving fuel efficiency. Furthermore, the development of technology to enhance the performance and substantially reduce the weight of manual transmission systems while providing for better driver comfort and compact design is fuelling uptake of stick gear shift systems, with global sales totaling 83 million units in 2018.
Some of the leading players operating in the automotive gear shift system market include Kongsberg Automotive ASA, SL Corporation, GHSP, Inc., Ficosa International, S.A., Fuji Kiko Co., Ltd., Leopold Kostal GmbH & Co. KG, Tokai Rika Co., Ltd., Jopp Holding GmbH, and Dura Automotive Systems, LLC.
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