Global Automotive Gear Shifter Market Size & Outlook
The global automotive gear shifter market size was estimated at USD 14,210.0 million in 2023 and is projected to reach USD 25,480.1 million by 2030, growing at a CAGR of 8.7% from 2024 to 2030.
Revenue, 2023 (US$M)
$14,210.0
Forecast, 2030 (US$M)
$25,480.1
CAGR, 2024 - 2030
8.7%
Report Coverage
Worldwide
Global automotive gear shifter market, 2018-2030 (US$M)
Global automotive gear shifter market highlights
- The global automotive gear shifter market generated a revenue of USD 14,210.0 million in 2023 and is expected to reach USD 25,480.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.7% by 2030.
- In terms of segment, solenoid actuator accounted for a revenue of USD 14,210.0 million in 2023.
- Solenoid Actuator is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 14,210.0 million |
| Market revenue in 2030 | USD 25,480.1 million |
| Growth rate | 8.7% (CAGR from 2024 to 2030) |
| Largest segment | Solenoid actuator |
| Fastest growing segment | Solenoid Actuator |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solenoid Actuator |
Other key industry trends
- In terms of revenue, the North America accounted for 19.2% of the global automotive gear shifter market in 2023.
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Automotive Gear Shifter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kongsberg Automotive Holdings ASA | View profile | 5090 | Europaallee 39, Zurich, Switzerland, 8004 | https://www.kongsbergautomotive.com |
| ZF Group | View profile | 10001+ | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://zf.com |
| BorgWarner Inc | View profile | 39900 | 3850 Hamlin Road, Auburn Hills, MI, United States, 48326 | https://www.borgwarner.com |
| ATS Corp | View profile | 7000 | 730 Fountain Street North, Building 2, Cambridge, ON, Canada, N3H 4R7 | https://www.atsautomation.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
Global automotive gear shifter market size, by regions, 2018-2030 (US$M)
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