Automotive Gear Shift System Market Indicates Notable CAGR Growth at 4.8% Until 2028
Verfasser: ashwani_kailiya on Monday, 21 October 2019According 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. 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.
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 fueling uptake of stick gear shift systems, with global sales totaling 83 million units in 2018.
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Automatic Transmission Systems to Emerge as Vital Revenue Pocket for Automotive Shift Gear System Market