Automotive Gear Shift System Market Demand

The global Automotive Gear Shift System Market study presents an all in all compilation of the historical, current and future outlook of the Market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Automotive Gear Shift System Market player in a comprehensive way. Further, the Automotive Gear Shift System Market report emphasizes the adoption pattern of the Automotive Gear Shift System across various industries.

A latest report published by Fact.MR takes into account the Automotive Gear Shift System market from a global as well as local viewpoint. The study opines that stick shift gear systems will continue to be the top-selling variant, on account of its cost-effectiveness and role in achieving fuel efficiency. Furthermore, the development of technology to enhance the performance and substantially reduce the weight of manual transmission systems while providing for better driver comfort and compact design is fuelling uptake of stick gear shift systems, with global sales totaling 83 million units in 2018. Demand for vehicles equipped with automatic transmission systems and automatic manual transmissions is on the rise owing to their better performance, ease of operation, and fuel-efficiency. According to the report, the automotive gear shift system market is projected to grow at 4.8% CAGR through 2028.