Automotive selector lever market size is expected to be driven by the global increase in vehicle sales over the forecast period. In 2014, global automotive production was around 67.53 million cars and 22.22 million commercial vehicles while, over 71.15 million cars were sold in the same year. Volkswagen is the leading passenger car manufacturer followed by Toyota and Hyundai respectively. However, Toyota was the leading manufacturer of passenger cars in terms of sales in 2014. The company recorded the sales for around 10.23 million units in the same year. This should boost the global automotive selector lever market size over the forecast period.
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Electronic gear shifts coupled with special knobs are expected to pose the threat to the industry demand over the coming few years. With the advent of new technologies such as drive by wire, the vehicles are controlled by computer transmissions which do not require the gear leavers to be mechanically coupled to the transmission unit. This type of installation offers less occupied space without the assistance of complex interlocking and remote mechanism settings. In addition, the manufacturers are now shifting towards the adoption of miniaturized gear sticks and buttons which in turn hamper the industry growth over the forecast period. Furthermore, increasing adoption of rotary knobs in Range Rover and Jaguar models is anticipated to obstruct the industry demand over the next few years
Manual selector levers are leading the type segment for the industry. Automatic selector levers are anticipated to witness significant gains over the forecast period. These leavers are primarily deployed in the luxury cars owing to mounting demand from the upper-class population. The demand for these levers is on the surge owing to increasing demand for luxury vehicles. In addition, automatic levers change gear ratios as the vehicle moves, freeing the driver from having to shift gears manually. Moreover, these levers are ideally suited to run at a moderately high rotational speed. It offers a range of torque and speed outputs essential for vehicular travel.
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Some of the major companies for the global automotive selector lever market share are Tokai Rika Co., Ltd., Fuji Kiko Co., Ltd., Kongsberg Automotive, ZF Steering Gear (I) Ltd, Aisin Seiki, Ficosa International S.A., CIE Automotive, Mahindra Sona Limited, BMW Automobiles, TVS Motor Company Limited, Tata Autocomp Systems Limited, Sapura Group of Companies, Audi AG, Astra Automotive, SL Corporation, Xian Sanming, Ford Motor Company, Jaguar Land Rover Limited and Zunhua Jinyang Automobile Part Co., Ltd among others.
This latest Automotive Selector Lever Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Automotive Selector Lever industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “Automotive Selector Lever Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents:
Key Insights in this Report
- Automotive Selector Lever Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Automotive Selector Lever Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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