An automotive selector lever is utilized to shift gears in a vehicle. Generally, an automotive selector level is mounted between the driver and front passenger seats. Increase in demand for comfort and smooth transmission of gears is likely to boost the demand for selector lever during the forecast period. Furthermore, high penetration of manual transmission vehicles across the globe is anticipated to offer growth opportunities for the automotive selector lever market during the forecast period. Rise in adoption of electronic shift with specially manufactured knobs and computer-controlled transmission is likely to hamper the market during the forecast period. Likewise, increase in adoption of electric vehicles and testing of autonomous vehicles is expected to restrain the automotive selector lever market during the forecast period.
The automotive selector lever market can be segmented based on lever, transmission, and region. Based on lever, the automotive selector lever market can be classified into mono stable levers, mechatronic levers, and others. Mechatronic levers is likely to be a prominent segment during forecast owing to its advantages over other types of selector levers. Rise in demand for weight reduction, electronic automation, and comfort is likely to boost the mechatronic lever segment during the forecast period. Mechanical levers have some limitations in order to carry out smooth changing of gears, as compared to new types of selector levers.
Based on transmission, the automotive selector lever market can be segregated into manual transmission and automatic transmission. The manual transmission segment dominates the market. Currently, in most regions, consumers still prefer manual transmission as compared to automatic transmission in commercial and passenger vehicle, owing to its low cost. Furthermore, rise in adoption of automatic transmission in developed regions, owing to its advantages over manual transmission such as fuel efficiency, comfort, and dynamic shifting of gears, is likely to propel the automatic transmission segment during the forecast period. Similarly, most OEMs have developed shift by wire actuation for dual clutch transmission and automated manual transmission, which in turn is likely to boost the automotive selector lever market during the forecast period. High rate of adoption of dual clutch transmission and automated manual transmission, due to their advantages over other types of transmission such as fuel efficiency and easy shifting of gears, is anticipated to boost the demand for selector lever during the forecast period.
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