The global automotive selector lever market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing need for efficient use of car space and the increasing need to reduce the weight of the engine control system due to strict government regulations regarding vehicle exit are key factors driving the automotive selector lever market. Many OEMs have improved shift by wire actuation for dual-clutch transmission and automatic hand transmission, which is likely to increase the automotive selector lever market.
The high level of acceptance of dual-clutch transmission and automatic hand transmission, due to its advantages over other types of transmission such as fuel efficiency and easy gear shifts, is expected to increase the need for a selector during the forecast period. The strong adoption of the driver assistance program by the automotive sector due to the increasing trend of manufacturers in the comfort of drivers is an important contributor to the market growth. In addition, the growing demand for the lever conversion method is expected to boost the market during the forecast period. The manufacturers are now switching to the adoption of small gear rods and buttons that hinder industry growth during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Transmission
- By Manufacturing Technology
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-Audi AG, BMW Automobiles, TVS Motor Co. Ltd., Ford Motor Co., Jaguar Land Rover Ltd., among others.
A full report Automotive Selector Lever Market of is available at: https://orionmarketreports.com/automotive-selector-lever-market/104577/
Global Automotive Selector Lever Market Report by Segment
By Type
- Mechatronic Levers
- Mono Stable Levers
- Others
By Transmission
- Automatic
- Manual
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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