iCrowd Newswire
19 May 2022, 21:02 GMT+10
According to a recent Fact.MR study, nearly 113 million automotive gear shift systems were sold in 2018, with steady automobile sales, development of innovative testing systems, and introduction of novel products influencing the trends in this market.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=3275
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.
Automatic Transmission Systems to Emerge as Vital Revenue Pocket for Automotive Shift Gear System Market
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. One of the key factors behind the gradual consumer shift towards automatic gear shift is its ease of operation, which significantly reduces driver fatigue. Additionally, automatic transmission systems enable smooth drive along slopes and hilly areas as compared to manual transmission systems. Owing to these factors, automatic gear shift vehicles have witnessed increasing sales in the last decade, especially in lucrative markets of China and India where manual gear shift vehicles are ubiquitous.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=3275
According to the study, the pervasive trend is causing automotive manufacturers to bolster production of vehicles powered with automatic transmission systems and reduce the use of manual transmissions in their products. An increasing number of automobile manufacturers are launching new models with only automatic transmission systems. According to the report, the factor is likely to open lucrative opportunities for automotive gear shift system manufacturers with passenger vehicles accounting for sales of over 75 million automotive gear shift system units in 2018. Advancements in technology and increasing investments in leisure sporting activities such as formula one and off-road driving is further expected to bolster demand for automotive gear shift systems that are compatible with automatic transmission.
Simulation Software and AI to Find Widespread Adoption in Development of Automotive Gear Shift Systems
Automotive gear shift system manufacturers are increasingly leveraging technology for the production and testing of their products. Simulation software is finding widespread adoption in the market with manufacturers using the technology to test virtual gear shift system models under different driving conditions. Coupled with artificial intelligence, the information obtained from simulation software is used for optimizing the shift schedule of automotive gear shift systems. These technologies are enabling manufacturers to conduct real-time testing using virtual scenarios and aid in designing and accurate calibration of gear shift systems quickly, efficiently, and in a cost-effective manner.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/3275
Additionally, simulation software is also finding increasing usage for testing and analysis of automotive shift gear systems. Manufacturers are using these systems to analyze different aspects of shift gear systems such as clutch pressure fluctuations and stick-slip friction coefficients. Further advancements in technology are likely to bolster automotive gear shift system market growth by potentially allowing manufacturers to produce custom systems for specific applications.
The Fact.MR report tracks the automotive gear shift system market for the period 2018-2028. According to the report, the automotive gear shift system market is projected to grow at 4.8% CAGR through 2028.
Explore Fact.MR's Comprehensive Coverage on Automotive Landscape
Advanced Suspension Control System Market Forecast, Trend Analysis and Competition Tracking-Global Market Insights 2018 to 2028 – https://www.factmr.com/report/2118/advanced-suspension-control-system-market
Driveline System for Electric Vehicle Market Forecast, Trend Analysis and Competition Tracking-Global Market Insights 2018 to 2028- https://www.factmr.com/report/2115/driveline-system-for-electric-vehicle-market
Zeropressure Tires Market Forecast, Trend Analysis and Competition Tracking-Global Market Insights 2018 to 2028 – https://www.factmr.com/report/2114/zeropressure-tires-market
About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
Contact:
US Sales Office:11140 Rockville PikeSuite 400Rockville, MD 20852United StatesTel: +1 (628) 251-1583
Corporate Headquarter:Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: sales@factmr.comVisit Our Website: https://www.factmr.com
Tags: Automotive Gear Shift System Demand, Automotive Gear Shift System Market Forecast, Automotive Gear Shift System Market Survey
See Campaign: https://www.factmr.com/industry/automotive
+1 (628) 251-1583
Tags:Menafn, PR-Wirein, iCN Internal Distribution, Research Newswire, EnglishGet a daily dose of Texas Guardian news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Texas Guardian.
More InformationByron Buxton strives to follow up a strong outing when the Minnesota Twins visit the Cleveland Guardians in Monday's opener ...
After wasting a 4-0 lead in their 6-5 10-inning loss to the Chicago Cubs Sunday to lose their weekend series, ...
The surging Boston Red Sox will try to extend their seven-game winning streak on Monday night when they visit the ...
The New York Yankees spent a long weekend against the Houston Astros never holding a lead until Aaron Judge's bat ...
The Colorado Avalanche defeated the Tampa Bay Lightning 2-1 Sunday night to win the National Hockey League's Stanley Cup.The Avalanche ...
David MacKinnon's two-out RBI single in the seventh inning snapped a 1-1 tie and lifted the Los Angeles Angels to ...
SYDNEY, NSW, Australia - Stocks across Asia rose on Monday, in a positive start to the week.The U.S. dollar was ...
TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...
NEW YORK CITY, New York: Electric vehicle (EV) sales could reach 33 percent globally by 2028, and 54 percent by ...
BERLIN, Germany: To prevent large increases in food prices, officials from G7 countries, including Germany and the UK, will push ...
WASHINGTON D.C.: The U.S. Food and Drug Administration (FDA) is preparing to order Juul Labs to stop selling its e-cigarettes ...
WASHINGTON D.C.: As average home prices surged to a record high, reaching the $400,000 mark for the first time, and ...