Impact of COVID-19 on the Global Automotive Gear Shift System Market | CompetitiPosted by Preeti on April 23rd, 2021 Market Synopsis As per the research by Market Research Future Reports (MRFR), the global automotive gear shift system market is projected to thrive at a CAGR of 6.56% during the forecast period. The primary factor driving the global automotive gear shift system market 2020 is the development of technologies. The advancement of technologies plays a vital role in transforming the components. The increasing demand for fuel-efficient components, the expanding automotive industry are the most significant drivers for the automotive gear shift system market. Besides, the launch of electric vehicles has additionally propelled the market. Research and development for an efficient system further play an essential role in propelling the global market revenue. This technology provides a better experience to the consumers by offering a smoother transition between gears. Hence, it estimated to increase the demand and augment the market. Moreover, the increasing preference of electronic gear shift system to the manual gear shift system has enhanced the demand for advanced systems. Also, the rising concern towards the green environment has plays contributed to the expansion of the market. On the other hand, the procurement of raw materials is the biggest hurdle that inhibits the growth of the automotive gear shift system market. Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report. Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/6173 Market Segmentation The global automotive gear shift system market can be classified on the basis of the fuel system, type, application, and region. On the basis of the fuel system, the global automotive gear shift system market can be classified into diesel, petrol, and gasoline. On the basis of type, the global automotive gear shift system market can be classified into a manual system and automatic system. On the basis of application, the global automotive gear shift system market can be classified into light commercial vehicles, passenger cars, and heavy commercial vehicles. On the basis of region, the global automotive gear shift system market can be classified into North America, Europe, Asia Pacific, and Rest of the World (RoW). Regional Analysis The geographical analysis of North America, Europe, Asia Pacific, and Rest of the World (RoW) has been conducted. As per the analysis by MRFR, the APAC region is estimated to dominate the global market during the review period. The region is likely to dominate the market in terms of volume and value. The factor leading to the market expansion is increased demand for passenger vehicles and increased sales of vehicles. The market is likely to propel at a fast pace during the forecast period. The emerging economies like China, India, and Japan play a significant role in the regional expansion of the market. As per the research, the second place is attained by the European market. The market is likely to achieve the second position in terms of market share owing to the stringent government regulations to the vehicle transmission. However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamics of the market are changed significantly due to the observation of worldwide lockdown.
Key Players The forefront players of the global automotive gear shift system are Aisin Seiki Co., Ltd. (Japan), Allison Transmission (U.S.), GETRAG (Germany), GKN PLC (U.K.), ZF Friedrichshafen AG (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Eaton Corporation PLC (Republic of Ireland), Magna International Inc. (Canada), JATCO Ltd. (Japan) and BorgWarner Inc. (U.S.). Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/6173 Key Questions Addressed by the Report
TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 SCOPE OF THE REPORT 2.1 MARKET DEFINITION 2.2 SCOPE OF THE STUDY 2.2.1 DEFINITION 2.2.2 RESEARCH OBJECTIVE 2.2.3 ASSUMPTIONS 2.2.4 LIMITATIONS 2.3 RESEARCH PROCESS 2.3.1 PRIMARY RESEARCH 2.3.2 SECONDARY RESEARCH 2.4 MARKET SIZE ESTIMATION 2.5 FORECAST MODEL 3 MARKET LANDSCAPE 3.1.1 THREAT OF NEW ENTRANTS 3.1.2 BARGAINING POWER OF BUYERS 3.1.3 THREAT OF SUBSTITUTES 3.1.4 SEGMENT RIVALRY 3.1.5 BARGAINING POWER OF BUYERS 3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 MARKET DRIVERS 4.3 MARKET RESTRAINTS 4.4 MARKET OPPORTUNITIES 4.5 MARKET TRENDS About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact
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