Powerglide Shifter Market Overview
According to latest research by Future Market Insights, powerglide shifter market will grow at a moderate rate during 2021-2031. Demand for Powerglide Shifter will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Rise in demand for vehicles production and new product innovation is likely to boost the market.
What is Driving Demand for Powerglide Shifter?
Powerglide shifter is installed in vehicles to upgrade their car transmissions as they offer consistent shifts at three speed with overdrive, with five, six and even seven speed automatics for changing gear.
The demand for the market is most likely to increase with the increase in vehicle production in developed and developing countries in the coming years. Manufacturers are investing in new machine technologies for improving product performance for powerglide shifters.
Over the forecast period, the market is likely to grow because of increase in retail and E- commerce market for automotive shifters. Automotive shifters for different car models are available for customers on E- commerce websites which is accelerating the sales of automotive shifters in many regions like South Asia & Pacific, East Asia and the Middle East. These shifters are used on a large scale for racing applications as well.
Automotive Recovery Likely to Augment Powerglide Shifter Sales
COVID-19 has had a huge impact on the automotive industry, but the market is slowly recovering from the losses of pandemic. With the gradual increase in vehicle production on a global level, the sales for automotive shifters will also surge in number.
Shifters are used for manual and automatic transmission systems which have gear sets that are useful to change gears in the car while driving. Aluminum cased powerglide is mostly used in electric vehicles which will grow with the production of electric vehicles especially in countries like Germany, US and China.
US and Canada Powerglide Shifter Market Outlook
US is one of the most lucrative markets for powerglide shifter. The US market will increase in the coming years because of exponential growth in sales of vehicles and technological innovations by manufacturers. Due to pandemic the demand is likely to remain low for the next couple of years but as manufacturing facilities are gradually opening, vehicle production is likely to surge thus accelerating the automotive shifter market.
Demand for shifters in US and Canada will be led by growth in automotive. The powerglide shifter market is also benefited from the availability of the product in the e-commerce platforms, which makes easier for the end users to purchase it directly from these platforms, without moving out.
Asia Pacific Demand Outlook for Powerglide Shifter
Many countries in Asia Pacific have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. But the market is slowly recovering with the resume of automotive production in many countries and that is impacting the demand for automotive shifters.
Asia Pacific market is mostly driven by countries like China, India and Japan that have high population and also high demand for passenger cars and LCVs. In India and China, high three- wheeler demand is also accelerating the growth of automotive shifters.
Who are the Key Manufacturers and Suppliers of Powerglide Shifter?
Some of the leading manufacturers and suppliers include
- American Shifter Company
- Hurst Shifters
- Shiftworks Inc.
- Barton Industries
- JEGS Performance Products
- Mopar Performance
- Turbo Action Inc.
Many leading manufacturers are making power glide shifters for various car models which are of high quality with warranty. Aluminum and cast iron based power glides are used on a large scale by manufacturers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments of Powerglide Shifter Market
- Electric Shift Solenoid
- Air Shift Solenoid
- 2 Speed
- 3 Speed
- 4 Speed
- Quarter Stick Shifter
- Mounting Pedestal
- Shifter Cover
- Solenoid Shifter Kit
- Valve Body
- Aluminum Case
By Sales Channel:
- E- Commerce
- North America
- Latin America
- South Asia and Pacific
- ASEAN countries
- East Asia
- South Korea
- Middle East & Africa
- South Africa
- North Africa