The automotive gear shift systems market will witness an incremental growth of 1.14 million units during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as the imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry, and market conditions are likely to improve by early 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005394/en/
Technavio has announced its latest market research report titled Global Automotive Gear Shift Systems Market 2020-2024 (Graphic: Business Wire)
Get Free Automotive Gear Shift Systems Market 2020-2024 Sample!
COVID-19 Highlights
- Consumer Discretionary industry will have Negative impact due to the pandemic
- Automotive gear shift systems market is expected to witness Negative growth during 2020-2024
- Consumer Discretionary Industry will witness Indirect impact during the forecast period
- Automotive gear shift systems market growth is likely to Decrease in 2020 compared to 2019 due to Negative YOY
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This automotive gear shift systems market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed automotive gear shift systems market insights here: https://www.technavio.com/report/automotive-gear-shift-systems-market-industry-analysis
Key Automotive Gear Shift Systems Market Research Findings
- A CAGR of about 1% is expected to be recorded in the automotive gear shift systems market during 2020-2024
- The automatic transmission segment will hold the largest share
- APAC will account for the highest incremental growth. Factors such as the rising sales of passenger cars and CVs in China will drive the demand for automotive gear shift systems in this region over the forecast period.
- Rising penetration of shift-by-wire systems will boost the automotive gear shift systems market growth
For accessing Technavio's key findings on the drivers, restraints, and opportunities shaping markets and industries toward an economic bounce back,
Sign up for 14- Day Free Trial of Technavio's Subscription Platform
Automotive Gear Shift Systems Market Vendor Participation Scenario
- Market is Fragmented
- Several leading companies in the market are focusing on restoring their economic activity
- Rising penetration of shift-by-wire systems will offer immense growth opportunities
- Vendors are concentrating on growth prospects from fast-growing segments while retaining their positions in slow-growing segments.
- Prominent automotive gear shift systems market players are: DURA Automotive Systems, Eissmann Automotive Deutschland GmbH, Fuji Kiko Co. Ltd., GHSP, Jopp Holding GmbH, Kongsberg Automotive ASA, KÜSTER Holding GmbH, Panasonic Corp., Silatech Srl, and ZF Friedrichshafen AG.
With more companies navigating the pandemic gradually, this research analysis can be personalized to create a recovery path for the market participants. Try out our $1000 Worth Free Report Customization by Speaking to our Analyst or Industry Expert
Key Considerations for Market Forecast
- Products and services used to manage or contain the spread of COVID-19 virus
- Products and services used for the treatment of COVID-19 virus
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- and post-COVID 19 market estimates
- Quarterly impact analysis as the spread reaches global level and updates on market estimates
Request for a FREE Sample on the Impact of COVID-19
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Transmission type
- Market segments
- Comparison by Transmission type
- Automatic transmission Market size and forecast 2019-2024
- Manual transmission Market size and forecast 2019-2024
- Market opportunity by Transmission type
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- DURA Automotive Systems
- Eissmann Automotive Deutschland GmbH
- Fuji Kiko Co. Ltd.
- GHSP
- Jopp Holding GmbH
- Kongsberg Automotive ASA
- KÜSTER Holding GmbH
- Panasonic Corp.
- Silatech Srl
- ZF Friedrichshafen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200924005394/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
