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Automotive Transmission Market Estimated to Lock an Ineffaceable Growth | 6% CAGR Through 2022
Automotive Transmission Market 2018
Automotive Transmission Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Transmission Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Automotive Transmission Market by Type (Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, Dual Clutch Transmission) by Vehicle type (Passenger Car, LCV,HCV), by Fuel type (Gasoline, Diesel, Others), and by Region (Asia-Pacific, North America, Europe, RoW).
Key Players:
Allison Transmission Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Ireland), GKN PLC (U.K.), Jatco Ltd. (U.S.), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany) and Schaeffler AG (Germany) are some of the leading players operating in this market.
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Market Highlights
One of key drivers of the global automotive transmission market is increased consumer preference for enhanced driving experience and smooth gear shifting due to hectic road congestions. In Europe, the stringent regulatory norms has increased the demand for better fuel efficient vehicles with low carbon emission. Also, the presence of high number of luxury auto makers has boosted the automotive transmission market in the region.
The high cost of advanced transmission systems is the major restraint of the global automotive transmission market.
Market Synopsis of Global Automotive Transmission:
The mechanism through which the transfer of power developed by the engine of automobiles to the driving wheels is called the transmission system. The automotive transmission system comprises of clutch, gearbox, propeller shaft, rear axle and wheels.
The major factors driving the market includes increase in the number of passenger cars and light weight commercial vehicles, growing demand for fuel efficient vehicles and increased preference for smooth driving experience by consumers. In addition, stringent regulatory norms especially in Europe has fueled the growth of the market. However, high cost of advanced transmission systems is the major restraint to the growth of market.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Automotive Transmission market are that of new product development.
In May 2017, Honeywell International Inc. introduced Honeywell Garrett Redboost series of Transmissions for the Chinese independent aftermarket.
In 2015, BorgWarner had delivered DualTronic clutch module to Eaton for class 6 and 7 medium-duty trucks in North America. This will help to improve the fuel efficiency of the vehicles.
In March 2015, Cummins, Inc. launched pioneering Transmission technology.
The global Automotive Transmission market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, Dual Clutch Transmission.
Segmentation by Vehicle Type : Comprises Passenger Car, LCV, HCV.
Segmentation by Fuel Type : Comprises Gasoline, Diesel, Others.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Market Research Analysis
Based on type, Manual transmission dominate the industry, however it is expected to experience decline in the sales due to growing consumers preference for advanced transmission systems.
On the basis of vehicle, passenger car is expected to dominate the market with increasing demand in Asia-Pacific region.
Based on fuel type, gasoline is the leading segment and is expected to continue its dominance during the forecast period. Recent technological advancements in diesel engine with better emission controls is expected drive the market.
While, Asia-Pacific region is expected to dominate the automotive transmission market with highest CAGR owing to growth in the number of passenger cars and LCV’s in the region. With better fuel efficiency and smooth driving experience from advanced transmission systems, the segment is set to witness substantial growth.
Scope of the Report
This study provides an overview of the global automotive transmission market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive transmission market by its type, vehicle type, fuel type and region.
By Type
Automatic
Manual
Automatic Manual Transmission
Continuous Variable Transmission
Dual Clutch Transmission
By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Fuel Type
Gasoline
Diesel
Others
By Region
Asia Pacific
North America
Europe
Rest of World
Get Complete Report Details of Automotive Transmission Market @ https://www.marketresearchfuture.com/reports/automotive-transmission-market-2427
…….Continued
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important question. In order to stay updated with technology and work process of the industry
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