Automatic paddle shifters are a built-in component of the steering wheel and improve control and handling. Automotive paddle shifters, which are used to control the ratios in a semi-automatic transmission system, are often located on either side of the steering wheel.
One of the most cutting-edge technologies ever developed for the automobile sector, automotive paddle shifters increase drivers’ comfort and convenience. In a car with an automatic gearbox, the driver can manually shift gears by using automotive paddle shifters. The use of an automotive paddle shifter gives the driver more control over the vehicle, for example, when negotiating turns or climbing hills. Although automobile paddle shifters were once only found in high-performance vehicles, they have recently become widely used in tiny and mid-range vehicles.
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Automotive Paddle Shifter Market: Dynamics
Increasing popularity of vehicles with aromatic transmission systems owing to improved handling, compatibility and ease to drive is expected among the key driver for the growth of automotive paddle shifter market. In automotive industry the preference is shifting form manual transmission to automatic transmission. This trend is also driven by continuous rising population & urbanization rise in pollution level in major cities. This factor is expected to propel the growth of automotive paddle shifter market.
Moreover, the growth in the automotive paddle shifter market is mainly driven by increasing vehicle demand, owing to growing population and rising disposable income across the globe. Despite unstable economic conditions in the market in the recent past automotive production across the globe has witnessed a steady growth owing to increasing demand of passenger cars and commercial vehicles, thereby driving automotive paddle shifter market.
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Examples of some of the market participants identified across the value chain of the global automotive paddle shifter market includes:
GSK InTek
Liberty Vehicle Technologies Ltd
Joyson Safety Systems
ProShift Technologies Ltd.
TECHART Automobile Design GmbH
Leopold Kostal GmbH & Co. KG
Powertrain Control Solutions, LLC
Taizhou Savanini Precision Machinery Co., Ltd.
Automotive Paddle Shifter Market: Segmentation
Global Automotive Paddle Shifter market can be segmented by sales channel and by end user
On the basis of End-user, Automotive Paddle Shiftercan be segmented into:
Passenger Cars
Economic Cars
Mid-range Cars
Premium & Luxury cars
Light commercial vehicles
On the basis of sales channel, Automotive Paddle Shiftercan be segmented into:
OEM (Original Equipment Manufacturer)
Aftermarket
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Automotive Paddle Shifter Market: Regional Overview
North America is expected to be the prominent region in the global automotive paddle shifter market primarily owing to rapid growth of automatic vehicles in the region. European automotive paddle shifters market is also expected to have healthy growth over the forecast period.
The growth of the market in the region in driven by positive economic growth and increasing advancement in the field of automated transmission and increasing demand for comfort of the driver. Asia Pacific is expected to pose lucrative growth opportunity for the automotive paddle shifter market participants. Rapid growth of automotive industry in China is expected to be the key driving factor for the growth of automotive paddle shifters market in the region. Further, backed by favorable government initiative driving manufacturing sector in countries such as India & China automotive paddle shifters market is expected to witness promising growth over the forecast period. Positive economic outlook and favorable political scenario in Latin America is driving investment in the automotive industry in the region which in turn is set to induce the growth of automotive paddle shifter market in the region.
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