Global Automotive Gear Shift Systems Market | Growth Analysis and Forecast | Technavio
June 13 2018 - 11:31AM
Business Wire
The global automotive gear shift systems market 2018-2022
is expected to register a CAGR of around 3% during the
forecast period, according to the latest market research report by
Technavio. However, the growth momentum of the market is expected
to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market
research report on the global automotive gear shift systems market
from 2018-2022. (Graphic: Business Wire)
A key factor driving the market’s growth is the rising
penetration of shift-by-wire systems. Vehicle makers are
increasingly replacing mechanical components with electronics to
increase the efficiency of transmission systems. Automotive gear
shift systems are also undergoing similar changes. A lot of
mechanical parts are being replaced by electronic components to
achieve faster and more efficient gear shifts.
This market research report by Technavio on the global
automotive gear shift systems market provides an analysis of the
most important trends expected to impact the market outlook during
the forecast period. Technavio predicts an emerging trend as a
major factor that has the potential to significantly impact the
market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
In this report, Technavio highlights the development of
shift-by-wire gear shift systems for electric vehicles systems as
one of the key emerging trends in the global automotive gear shift
systems market:
Global automotive gear shift systems
market: Development of shift-by-wire gear shift systems for
electric vehicles systems
The increasing penetration of electric vehicles has prompted
vehicle makers to develop advanced technologies such as
shift-by-wire gear shift systems for electric and hybrid electric
vehicles. A major vendor in the global market has developed a
shift-by-wire technology, which uses electronic signal transmission
for its operations.
“The market has been witnessing an increasing
use of electronic methods of shifting gears in conventional
vehicles. The penetration of the same in electric vehicles is an
emerging trend that is expected to increase the futuristic value of
electric vehicles and their associated advanced electronic
gearshift systems,” says a senior analyst at Technavio for research
on powertrain.
Global automotive gear shift systems
market: Segmentation and analysis
This market research report segments the global automotive gear
shift systems market based on transmission type (automatic
transmission and manual transmission) and key regions (the
Americas, APAC, and EMEA).
APAC held the highest share of the global automotive gear shift
systems market in 2017, accounting for a market share of
approximately 55%. The market share occupied by this region is
anticipated to increase by almost 2% during 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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version on businesswire.com: https://www.businesswire.com/news/home/20180613005833/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com