The Global Automotive Gear Shifter Market, in terms of revenue, is valued at 2.6 Billion USD in 2017 and is forecast to grow at a CAGR of about 4% during the period from 2017 to 2023. The major factors influencing the growth of global automotive gear shifter market are the steady development of automotive across the world.
On the basis of type, the traditional mechanical gear shifter is the largest segment with around 90% sales share of the total market in 2017. Meanwhile, the electronic gear shifter developed at a double digit growth rate during last years, and the electronic gear shifter is expected to grow at a CAGR of 16% from 2017 to 2023.
On the basis of geography, the global automotive gear shifter market is segmented into regions, namely, North America, Europe, Asia-Pacific, South America, Middle East & Africa regions. In 2017, China is the largest as well as the fastest growing regional market for automotive gear shifter and held 29% sales share in the global market.
The global automotive gear shifter market comprises numerous players offering broad range of products. Lots of manufactures of automotive gear shifter offer a wide range of automotive gear shifter solutions to fit specific original equipment manufacturers (OEMs) and aftermarket requirements. The key players in the automotive gear shifter market include Kongsberg, ZF, GHSP, SL Corporation, Sila, Ficosa, Fuji Kiko, Kostal, DURA, Tokai Rika and others.
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