Automotive Sequential Gearbox Market

Automotive Sequential Gearbox Market: Introduction

• A sequential gearbox, also known as a sequential manual transmission, is a type of non-synchronous manual transmission that is majorly used in motorcycles or racing cars. A sequential gearbox is utilized along with a manual transmission to enable faster gear shifts. However, with a sequential gearbox, drivers can only shift up or down to the next progression or next gear in the sequence.
• A gearbox is a component of the transmission. The gearbox is an enclosed gear train, while the transmission is the entire power transmission system. A few high-end cars are beginning to integrate sequential gearboxes. The sequential gearbox offers several advantages, such as it is quicker, consistent, and the gear shift is at a comfortable position near the hand.

Key Drivers of Automotive Sequential Gearbox Market

• An increase in two-wheeler production coupled with a rise in the demand for a fleet of motorcycles and scooters is projected to boost the automotive sequential gearbox market during the forecast period. Rise in disposable income of the population is further boosting consumer preference toward powerful motorbikes. Increase in demand for two-wheelers is expected to propel the sequential gearbox market.
• For instance, major demand for motorbikes is witnessed in Asia Pacific region. About 65% to 70% of two wheelers are manufactured in Asia Pacific. India witnessed the sale of 21.18 million units of two wheelers in 2019, as compared to the 20.2 million units in 2018. Moreover, China witnessed a rise of 9.2% in domestic motorcycle sales, resulting in a total of 19.5 million units in the year 2021.

Challenges of Automotive Sequential Gearbox Market

• The COVID-19 outbreak has presented several challenges for the automotive sector. Governments, globally, are preparing for a broader spread of the virus. South Korea, Italy, and Japan were majorly affected among the major industrialized economies. Consequently, 80% of automotive and related companies reported a direct impact on their 2020 revenues due to the virus. This is likely to hamper the automotive sequential gearbox market across the globe.
• Rise in price of raw materials across the globe is likely to increase the overall cost of sequential gearbox, which in turn is likely to hamper the market across the globe. Prices of raw materials used in the manufacturing of sequential gearbox fluctuate due to a surge in import and export duties in order to enhance economic activity. These factors increase the price of gearbox, which in turn is projected to hinder the market moderately in the next few years.

Opportunities in Automotive Sequential Gearbox Market

• The millennial population is highly tech savvy and travels all over the world. They are more conscious as a result of being exposed to world events. The current generation is willing to experiment with and spend money on fashion and brands that previous generations would have avoided. They anticipate newer trends and more exclusive products than in the past. This is likely to drive the automotive sequential gearbox market during the forecast period.
• High living standards and high per capita income of the population further enhance the living standards of the population. This, in turn, offers a lucrative opportunity for the players in the market.
• Penetration of advanced technologies in two-wheelers is likely to rise at a significant pace in the near future, which supports the installation of sequential gearbox coupled with the integration of technological advancements. Moreover, utilization of two-wheelers for personal use is increasing, which in turn drives the market.

Regional Outlook of Global Automotive Sequential Gearbox Market

• Asia Pacific has presence of robust expanding economies including China, Japan, India, and South Korea. Industrial expansion, coupled with the presence of a well-established supply chain network catering to the wide range of industrial sectors, is expected to propel the demand and consequently, drive the automotive sequential gearbox market. China and India are expected to hold a major market share, in terms of volume, among all the countries across the globe.
• North America has a major presence of distributors, which is likely to increase the demand for sequential gearbox. Moreover, demand for two-wheelers across North America is also significantly rising, which in turn is projected to boost the market in the region.

Key Players Operating in Automotive Sequential Gearbox Market

• American Axle & Manufacturing Inc.
• Biperformance (ShiftFX)
• EXEDY Corporation
• Ferrari S.p.A.
• General Motors
• GKN PLC
• Honda Motor Co., Ltd.
• McLaren Group
• Mercedes-Benz
• Ricardo
• Schaeffler Technologies AG & Co. KG
• ZF Friedrichshafen AG

Automotive Sequential Gearbox Market, by Vehicle Type

• 2-Wheeler
• 3-Wheeler
• 4-Wheeler

Automotive Sequential Gearbox Market, by Operation

• Hand Operated
• Pedal Operated

Automotive Sequential Gearbox Market, by Speed

• 4-speed
• 5-speed
• 6-speed

Automotive Sequential Gearbox Market, by Propulsion Type

• IC Engines
  • Gasoline
  • Diesel
• Electric
• Hybrid

Automotive Sequential Gearbox Market, by Region

• North America
  • United States
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa