Automotive Gear Stick Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“The factors that are playing a major role in the growth of
automotive gear stick market are enhancements in non-
ferrous metal castings, rising demand for smoother ride
experience by consumers, and growing vehicle production
and sales in the developing region.”
Global automotive gear stick market is expected to grow at a significant CAGR in the upcoming period as the
scope and its applications are rising enormously across the globe. The automotive gear stick is also termed, as
gearshift is a metal lever attached to the shift assembly in a physical transmission-equipped automobile and is
used to change gears. It is found between the front seats of the vehicle, on either console shifter or center
console.
The factors that are playing a major role in the growth of automotive gear stick market are enhancements in
non-ferrous metal castings, rising demand for smoother ride experience by consumers, and growing vehicle
production and sales in the developing region. However, rising demand for electric vehicles may restrain overall
market growth in the years to come. The market is segmented based on product type, vehicle type, material
type, distribution channel, application, and region.
Automatic and manual gear stick are the product types that could be explored in automotive gear stick in the
forecast period. The heavy commercial vehicle, passenger cars, light commercial vehicles, and other vehicle
types could be explored in automotive gear stick in the forecast period. Non-ferrous metals, ferrous metals, and
others (plastic and composites) are the material types that could be explored in automotive gear stick in the
forecast period.
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