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The automotive gear shift systems market share is expected to increase by 21.59 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.27%.
This automotive gear shift systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive gear shift systems market segmentation by transmission type (automatic transmission and manual transmission) and geography (APAC, Europe, North America, South America, and MEA). The automotive gear shift systems market report also offers information on several market vendors, including DURA Automotive Systems, Fuji Kiko Co. Ltd., GHSP, Jopp Holding GmbH, Kongsberg Automotive ASA, Panasonic Corp., Silatech Srl, KÜSTER Holding GmbH, Eissmann Automotive Deutschland GmbH, and ZF Friedrichshafen AG among others.
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Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The use of automatic transmission vehicles is notably driving the automotive gear shift systems market growth, although factors such as a sharp decline in automobile production and sales may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive gear shift systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Gear Shift Systems Market Driver
One of the key factors driving the automotive gear shift systems market is the Use of automatic transmission vehicles. The majority of customers opt for automatic transmission systems in the premium and luxury vehicle segments. Furthermore, such systems are also gaining ground in smaller car segments. Vehicles geared with automatic transmission systems enable effortless driving. Moreover, automatic transmission systems have dominated the market in North America when compared to the EU and APAC. The preference for automatic transmission vehicles stems from higher purchasing power and cheap fuel in North America when compared to other parts of the world. In addition, automatic transmission systems are also gaining ground in the trucking industry, which has undergone several stages of evolution in terms of transmission systems. Commercial trucks, especially class 6, 7, and 8, are geared with automatic transmission systems, but automated manual transmission (AMT) is now becoming the norm. Therefore, the rising adoption of robust and efficient electronic control modules has now encouraged truck manufacturers to adapt automatic transmission systems into heavy-duty trucks. Such developments may drive the market for transmission dyno testing.
Key Automotive Gear Shift Systems Market Trend
The development of auto-shift manual transmission systems with adaptive transmission control is another factor supporting the automotive gear shift systems market growth in the forecast period. With advancements in technology, automatic transmission systems deliver smoother gear shifts and consume less fuel. The global automotive industry is witnessing innovative developments, such as auto shift manual transmission systems. Such systems provide the advantages of automatic transmission systems; they are also flexible and fuel efficient. They work on the principle of the shift-by-wire electronic control system, which completely removes the need for manual gear lever shifting. Such systems use the clutch for starting and stopping the vehicle.
In addition, an automatic transmission control mechanism has been developed, which uses an onboard computer to gather information related to the driver's driving patterns and style to deliver optimum shift timing for superior performance. Thus, the development of auto-shift manual transmission systems with adaptive transmission control is expected to expand the product portfolio and help drive the market in the future. Timing gears play a critical role in these advanced transmission systems, ensuring precise and efficient power transfer between components. Their reliability and performance are essential for maintaining the smooth operation and durability of auto-shift manual transmissions, aligning with the growing demand for sophisticated automotive technologies that enhance driving experience and efficiency.
Key Automotive Gear Shift Systems Market Challenge
The sharp decline in automobile production and sales will be a major challenge for the automotive gear shift systems market during the forecast period. Since 2018, the global automotive market is registering a slump in terms of sales and production, which is leading to a decline in the demand for several automotive components. The sales of light vehicles in the US dropped by about 3.1% from January-March 2019 compared with the same period in the previous year. Automotive production in Germany, UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. However, a slowdown in the growth rate of the sales of vehicles in 2019 is increasing the inventory cost for OEMs and compelling them to reduce or temporarily stop production. Such factors that adversely affect automotive sales and production are reducing the demand for automotive components and parts, such as automotive gear shift systems, in the global automotive market and are hampering the growth of the global automotive gear shift systems market.
This automotive gear shift systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global automotive gear shift systems market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive gear shift systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive gear shift systems market encompasses successful business strategies deployed by the key vendors. The automotive gear shift systems market is fragmented and the vendors are developing innovative designs of gear shift systems to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive gear shift systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive gear shift systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Transmission Type
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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