Powerglide Shifter Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger vehicles, Commercial vehicles), By Configuration (Electric Shift Solenoid, Air Shift Solenoid), By Transmission (2-Speed, 3-Speed, and 4-speed), By Sales Channel (OEM and Aftermarket), and by Regional Forecast, 2024-2032

The automotive Powerglide shifter market has witnessed significant growth in recent years and is expected to continue expanding in the coming years. The Powerglide shifter is a crucial component in automatic Transmission, allowing the driver to shift without a clutch pedal seamlessly. It offers a convenient and efficient driving experience, particularly in urban areas with heavy traffic congestion. As urbanization and population continue to grow, and the young generation demands more advanced gear shifters, the demand for automotive Powerglide shifters is expected to rise. The Powerglide shifter caters to both OEM and aftermarket segments.

Moreover, the automotive industry's focus on reducing emissions and improving fuel efficiency has also influenced the Powerglide shifter market. Automatic Transmission, including Powerglide shifters, can be optimized to deliver better fuel efficiency. As the automotive landscape continues to evolve, the Powerglide market is poised to expand, catering to the changing preferences and needs of the market and consumers.

Impact of COVID-19 on the Automotive Gearbox Market

Covid-19 had a significant impact on the automotive segment, and the automotive glide shifter market was also affected by it; the disruption in the supply chain and decreased demand for vehicles was the critical point. Many countries worldwide implemented strict sanctions and lockdowns on the movement of components and goods, disrupting the market logistics. People staying at home and less passenger usage led to a decrease in demand for the sales service of these gearbox components.

Post COVID-19 changes in government regulations and implementation of stimulus packages for automotive industries helped boost the production of electric and hybrid vehicles. This has increased demand for lightweight automotive Powerglide, which has structural rigidity, fuel efficiency, and good ride quality for every type of vehicle. The need for these shifters will continue to grow as the vehicle market bounces back and consumers prioritize customization. Currently, the shifter used in the vehicle is an electric shifter with a four-speed mated drive.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on the Global Automotive Powerglide Shifters Market.

Analysis by Vehicle and Sales Channel

Passenger vehicles are anticipated to hold a high growth rate owing to the high production rate of these shifters. These vehicles have less maintenance than manuals, so they have fewer breakdowns and failure chances. Hybrid and EVs are adopted increasingly to ensure less cycle service time, prevent breakout, and can be customized to specific output rates.

The Automotive Powerglide shifters market can be analyzed based on OEM and aftermarket. Aftermarket shifters are installed during the assembly of the mod vehicle; these are produced by major players in the market and supplied to automotive shops for direct installation. These shifter's materials and fabrication processes have the highest quality and strict quality control. Suppliers with long-term contracts with manufacturers dominate the market; this segment is highly competitive and requires a high level of technical expertise for manufacturing. As the market grows and new technology is introduced, an increase in automatic Transmission will occur, driving future growth for automotive Powerglide shifter manufacturers.

Analysis by Configuration and Transmission Type

The electric shift solenoid with mated 4-speed Transmission is expected to have a high growth rate owing to the use and availability of these shifters. These shifters control the engagement and disengagement of the transmission gears. As the demand for automatic Transmission increases in gasoline and hybrids or even electric, these shifters' production and sales output will tend to drive the market growth.

Analysis by Region

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The highest growth rate is expected in the Asia Pacific market, especially China, India and other south East Asian countries, due to the major production of automotive shifters and car manufacturers. High automation and the presence of major shifters manufacturers for hybrids and gasoline will have a rising impact on these sales in the Asia Pacific. The rapid adoption of electric vehicles and affordability will bode well for regional growth.

Key Players Covered

Hurst Shifters (U.S), B&M Racing and Performance (U.S), TCI Automotive (U.S), ATI Performance Products (U.S), Lokar Performance (U.S), American Powertrain (U.S), HGM Automotive (U.S), Sonnax Industries (U.S), Precision Performance Products (U.S), Nismo Corporation (Japan), Krontec GmbH (Germany), Samsonas Motorsports (Lithuania), Holinger Engineering (Australia).

Segmentation

Key Industry Developments

• August 2022: TCI launched Outlaw-X Shifter Product Line. Now the shifter line includes a full spread of shifters, specifically TCI 6x six-speed, 4x four-speed transmissions, and popular GM, Ford, and Chrysler two-, three-and, four-speed transmissions. Currently, there are models available for 26 individual transmission applications.


• July 2022: Hughes Performance launched a new 2-speed TH400 Transmission Conversion Kit. The kit includes all the hard parts necessary for the experienced professional to convert their 3-speed TH400 to a 2-speed, extremely high horsepower drag racing transmission.