Based on the distribution channel, aftermarket, OEM, and others could classify automotive gear stick in the
forecast period. The market may be categorized based on applications like automobile, household appliances &
consumer electronics, computer & office equipment, and others could be explored in the automotive gear stick
in the forecast period. Automobile sector accounted for the substantial market share of automotive gear stick
and is estimated to lead the overall market in the years to come.
Globally, Asia Pacific accounted for the substantial market share of the automotive gear stick and is estimated
to lead the overall market in the years to come. The reason behind the overall market growth could be high
demand for automotive gear; manufacturers are developing production capacity, and growing vehicle
production in developing countries.
The developing countries like India and China are the major consumers of automotive gear stick in this region.
The reason behind the growth could be growing purchasing power of the consumer and a need to own a car
and developing infrastructure raised the demand for commercial vehicles and personal transportation. Europe
and North America are also estimated to have a positive influence on future growth.
The key players of automotive gear stick market are Nanjing Aolin, Kongsberg, Chongqing Downwind, ZF, Ningbo
Gaofa, GHSP, Tokai Rika, SL Corporation, DURA, Sila, Kostal, Ficosa, and Fuji Kiko. These players are
concentrating on inorganic growth to sustain themselves amidst fierce competition.
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