Friday 22 March 2019

Automotive Gear Stick Market Poised to Register 4.1% CAGR through 2023

Global automotive gear stick market is estimated to expand at a substantial CAGR of 4.1% by 2023 as the scope, product types, and its applications are increasing across the globe. A gear stick is also known as “Gear Lever”, “Gearshift” or “Shifter”. It is a metal lever attached to the shaft assembly in a manual transmission-equipped automobile and is used to change gears.
The factors that propel the growth of the automotive gear stick market include increase in vehicle production, development in the transportation and logistics industry, growing consciousness, technological advancement, increase in the cargo traffic, and the intermodal transport. On the other hand, there are factors that may hamper the growth of the market including increased demand for affordable vehicles and the high cost of the raw material.

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Automotive gear stick market may be explored by product type, application, and geography. The market may be explored by product type as Automatic mode and Manual mode. The market could be explored based on the application as Buses & Coaches, Light Commercial Vehicles, Passenger Cars, and Heavy Trucks. The “Light Commercial Vehicles” segment led the market in 2016 and is anticipated to maintain its dominance by 2023.

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Automotive gear stick market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the automotive gear stick market in 2016 and will continue to lead in the forecast period. The key factor that could be attributed to the growth of the market includes increase in vehicle production in this region. China, India, and Pakistan are the major market for Automotive gear stick.
The key players contributing to the robust growth of the automotive gear stick market comprise GHSP, Kongsberg, ZF, Sila, SL Corporation, Ficosa, Ficosa, DURA, Kostal, Ningbo Gaofa, Tokai Rika, Nanjing Colin, Chongqing Downwind. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Table of Contents

Part 1. Summary

Part 2. Report Methodology
2.1 Methodology
2.2 Data Source
2.3 Disclaimer

Part 3. Market Overview
3.1 General Information
3.2 Segmentation by Application
3.2.1 Overview
3.2.2 Global Automotive Gear Stick Market by Application
3.3 Regional Automotive Gear Stick Market Size (Status & Prospect)
3.3.1 North America
3.3.2 Europe
3.3.3 Asia-Pacific
3.3.4 Middle East & Africa
3.3.5 South America
Part 4. Competitive Landscape
4.1 Global Automotive Gear Stick Sales & Share by Company (2013-2018)
4.2 Global Automotive Gear Stick Revenue & Share by Company (2013-2018)
4.3 Price Trends
4.4 Competitive Trends

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