AP NEWS

Global Automotive Paddle Shifter System Market 2018-2022 | Key Insights by Technavio

September 25, 2018

LONDON--(BUSINESS WIRE)--Sep 25, 2018--The global automotive paddle shifter system market is expected to post a CAGR of nearly 7% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005790/en/

Technavio has published a new market research report on the global automotive paddle shifter system market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the high demand for the automatic transmission system in vehicles. Lately, there has been an increase in the popularity of vehicles with automatic transmission systems as they are easy to drive. These vehicles are especially witnessing increased sales in regions that face extreme traffic congestion, as during stop-and-go traffic, the driver must no longer continuously operate the clutch. Thus, the demand for driving comfort and convenience has pushed automakers to bring in the technological shift from manual to automatic transmission in their vehicles.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing gears covering wider ratio for higher power and torque performance as one of the key emerging trends in the global automotive paddle shifter system market:

Global automotive paddle shifter system market: Increasing gears covering wider ratio for higher power and torque performance

The global automotive industry is experiencing a revival in the form of better designs and configurations in internal combustion engines. The powertrain system in an automobile consists of the engine, transmission, and the drivetrain system, and its primary function is to deliver power to the wheels. Earlier versions of transmission systems had many mechanical components with few electrical parts. However, improvement in technology has led to the replacement of mechanical components with electronic ones, and this has increased the overall efficiency of the vehicular transmission system.

“The proportion of electronic components in an automobile’s powertrain is expected to scale up to 45% during the forecast period for both gasoline and diesel-powered vehicles. The advances in powertrain technology have helped manufacturers to forge transmission systems that can handle higher internal pressures and greater instantaneous forces. For example, the automotive transmission system market is witnessing the development of more advanced electronic gearshift control technologies, such as eight-speed, nine-speed, and even 10-speed automatic gearboxes with Tiptronic,” says a senior analyst at Technavio for research on automotive electronics.

Global automotive paddle shifter system market: Segmentation analysis

This market research report segments the global automotive paddle shifter system market by application (passenger cars and LCVs) and geographical regions (APAC, EMEA, and the Americas).

The passenger cars segment held the largest market share in 2017, accounting for nearly 86% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 39%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by nearly 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005790/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/25/2018 10:35 AM/DISC: 09/25/2018 10:35 AM

http://www.businesswire.com/news/home/20180925005790/en

AP RADIO
Update hourly