- The key vendors in the global commercial vehicle shifter shaft market 2015-2019 are Kongsberg Automotive, Remsons Industries, The Welte Group and TREMEC
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global commercial vehicle shifter shaft market 2015-2019. Owing to increased focus on emission standards, the manufacturers are increasingly investing in advanced technologies to reduce the greenhouse gas emissions and reduce the environmental impact. Of late, the majority of the OEMs are building their technologies to make their commercial vehicles more fuel-efficient, such as Volvo. It has designed an intelligent and innovative shift assembly that ensures the right shift at the right time. The global commercial vehicle shifter shaft market is estimated to grow at a CAGR of 5.17% in the forecast period of 2014-2019.
APAC dominates the global commercial vehicle shifter shaft market in terms of unit shipments and accounted for a 53% share of the market in 2014. APAC leads the global passenger cars market in terms of volume, with China being one of the biggest automobile markets in the world.
“An increase in the use of electronic components in vehicles has a positive impact on hybrid and electric vehicle sales and is expected to propel the growth of global commercial vehicle shifter shaft market,” says Faisal Ghaus, Vice President of Technavio Research.
“There are different types of sensors that are used in powertrain systems such as speed sensors, throttle position sensors, turbine speed sensors, and transmission fluid temperature sensors.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Commercial Vehicle Shifter Shaft Market 2015-2019, please send an e-mail to media@TechNavio.com
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