Shift-by-Wire System Market

The global Shift-by-Wire System market was valued at 486.08 Million USD in 2021 and will grow with a CAGR of 22.36% from 2021 to 2027, based on newly published report.

The prime objective of Shift-by-Wire System Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Shift-by-Wire System Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Shift-by-wire is the system by which the transmission modes are engaged/changed in an automobile through electronic controls without any mechanical linkage between the gear shifting lever and the transmission. The transmission shifting was traditionally accomplished by mechanical links to put the vehicle in Park, Reverse, Neutral, and Drive positions through a lever mounted on the steering column or a gear shifter near the center console.The Shift-by-Wire System industry can be broken down into several segments, Joystick, Rotatory, etc. As for the Global Shift-by-Wire System market, there are several key manufacturers like ZF, Kongsberg, Ficosa, etc. The market is not only influenced by the price but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product types, better technical and impeccable after-sales service. Asia-Pacific is the largest consumption region of Shift-by-Wire System, with a consumption market share nearly 41 %. The second is Europe; following Asia-Pacific with the consumption market share over 30%. Based on type, Joystick is more popular in Europe than other types. Joystick is the largest market segment of Shift-by-Wire System, with a consumption market share over 65%. According to the application, Oil-fueled Vehicle is the largest market segment, with a consumption market share nearly 92%.

By Market Verdors:

ZF Friedrichshafen AG

Kongsberg Automotive Holding ASA

Ficosa Internacional SA

Tokai Rika

GHSP

KOSTAL Group

Eissmann Group Automotive

K?ster Holding GmbH

Sila Group

Curtiss-Wright

ATSUMITEC CO.LTD

Ningbo Gaofa Automotive Control System Co. LTD

Ningbo Depulong Automobile System Co., Ltd.

NanJing AoLian AE&EA Co.,Ltd

By Types:

Joystick

Rotary

Lever

Button

By Applications:

Oil-Fueled Vehicle

Hybrid Electric Vehicle

Electric Vehicle

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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