How Has the Automotive Gear Shifter Market Size Evolved in Recent Years?
The automotive gear shifter market has seen considerable growth due to a variety of factors.
• The automotive gear shifter market has grown strongly, expected to increase from $12.07 billion in 2024 to $12.9 billion in 2025, with a CAGR of 6.9%.
This growth can be attributed to a rise in global vehicle production, the adoption of advanced automatic and dual-clutch transmission systems, a surge in luxury and high-performance vehicles, the enforcement of stricter emission regulations promoting efficient transmission systems, and consumer demand for comfort-oriented automatic and semi-automatic gear shifters.
What Are The Predictions for The Automotive Gear Shifter Market in the Coming Years?
The automotive gear shifter market is expected to maintain its strong growth trajectory in upcoming years.
• The automotive gear shifter market is expected to see strong growth, reaching $16.61 billion by 2029 at a CAGR of 6.5%.
The growth is attributed to the rise of electric vehicles requiring advanced gear shifters, evolving autonomous technologies, increased demand for luxury vehicles, recovery in global automotive production post-pandemic, and regulations driving advancements in gear shifter technologies. Key trends include the adoption of haptic feedback, shift-by-wire technology, lightweight and compact designs, and integration with ADAS.
Which Drivers Are Accelerating Growth In The Automotive Gear Shifter Market?
The growing demand for luxury vehicles is expected to propel the growth of the automotive gear shifter market. Luxury vehicles offer superior comfort, performance, and features, and their demand is increasing due to higher disposable incomes, technological advances, and a preference for premium features. Automotive gear shifters enhance the driving experience by providing smooth and precise shifts. In January 2023, Porsche reported a 15% increase in car deliveries, with 320,221 vehicles sold over the past 12 months. As the demand for luxury vehicles rises, so does the demand for automotive gear shifters.
What Are The Core Segments Of The Global Automotive Gear Shifter Market?
The automotive gear shifter market covered in this report is segmented –
1) By Component Type: Electronic Control Unit (ECU), Controller Area Network (CAN) Model, Solenoid Actuator
2) By Product Type: Manual Transmission, Automatic Transmission, Continuously Variable Transmission, Other Product Types
3) By Technology Type: Shift By Wire, Automatic Shifter
4) By Fuel System: Diesel, Petrol, Gasoline
5) By Applications: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle
Subsegments:
1) By Electronic Control Unit (ECU): Gear Shift Module ECU, Transmission Control ECU, Powertrain Control ECU
2) By Controller Area Network (CAN) Model: CAN Bus Communication Modules, CAN Protocol-Based Shift Control Systems, CAN Bus Transceivers For Gear Shifting
3) By Solenoid Actuator: Gear Shift Solenoid Actuators, Transmission Solenoid Actuators, Shifting Mechanism Solenoids
Pre-Book The Automotive Gear Shifter Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Automotive Gear Shifter Market?
Companies in the automotive gear shifters market are developing Automated Manual Gearboxes (AMGs) to improve fuel efficiency and provide smoother gear transitions. In June 2024, Yamaha launched the Y-AMT (Yamaha Automated Manual Transmission) for motorcycles, offering both automatic and manual shifting options. This gearbox simplifies gear changes while maintaining a sporty feel and employs electronic actuators for smoother, more precise shifts.
Who Are the Key Players In The Automotive Gear Shifter Market?
Major companies operating in the automotive gear shifter market are:
• Volkswagen AG
• Toyota Motor Corporation
• Ford Motor Company
• General Motors Co.
• Honda Motor Co. Ltd.
• Nissan Motor Co. Ltd.
• Caterpillar Inc.
• ZF Friedrichshafen AG
• Aisin Corporation
• Eaton Corporation plc
• Chang'an Automobile Co. Ltd.
• Magneti Marelli S.p.A.
• FAW Group Corp. Ltd.
• CLAAS
• TREMEC Corporation
• JATCO Ltd.
• Avtec Limited
• Shanghai Automotive Transmission Co. Ltd.
• Hyundai Kefico Corporation
• Colotti Trasmissioni
What Are The Regional Insights Into The Automotive Gear Shifter Market?
Asia-Pacific was the largest region in the automotive gear shifter market in 2023. The regions covered in the automotive gear shifter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
