Press release
Automotive Transmission System Market Report 2017 to 2022: Analysis, Size, Share, Growth, Demand, Trends and Forecast
Fact.MR
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Automotive transmission system is a mechanism that conducts power transmission between the automobile engine and driving wheels. The key function of an automotive transmission system is to transform the output of an engine into the vehicle’s torque. Also known as power trains, automotive transmission systems are a working frame of components which include the clutch, gear box, propeller shaft, universal joints, rear axle, wheels and tires.
Scope
The scope of the report is to analyze the global automotive transmission system market for the period 2017-2022 and give readers an accurate, unbiased analysis. Existing manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Summary
The report begins with a concise summary of the global automotive transmission system market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive transmission system market.
Target cost-conscious APEJ Buyers in Manual Transmission Segment
It is quite optimistic to expect the traffic situation in metros to get better with increasing urbanization unless there is some game-changing transformation. Therefore, it’s not surprising that automatic transmissions such as dual clutches and CVT’s are seeing immense customer demand. This doesn’t mean that the manual transmission segment of the Automotive Transmission System Market is doomed to obsolescence as it is still expected to grow towards US$ 26 billion in 2022, with a steady CAGR. APEJ accounts for the largest proportion of manual transmissions in the Automotive Transmission System Market mainly because manual transmissions are more fuel-efficient than their automatic counterparts and customers here are price-sensitive. APEJ alone had a one-third market share and will be worth almost US$ 10 billion in 2022, making it a Colossus that cannot be ignored in the Automotive Transmission System Market.
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Automatics to Grow Slowly in the Automotive Transmission System Market
With a moderate CAGR, automatics are predicted to grow relatively slowly in the Automotive Transmission System Market. From slightly under US$ 5 billion in 2017, the segment will only just cross nominal market valuation in five years making it a segment of the Automotive Transmission System Market that necessitates a long-term strategic approach. Even though APEJ is the largest market on account of its massive population, key stakeholders would do well to target Europe and North America as they have more affluent customers who typically seek out driving pleasure or convenience over fuel-efficiency and cost-effectiveness. Automatics are estimated to have a trivial revenue share against all transmission types in the Automotive Transmission System Market and it remains to be seen if they can become more widespread.
PC Segment Largest in the Automotive Transmission System Market
The PC segment is forecast to grow to a considerable value in 2022 from US$20 billion in 2017. The segment consists of small revenue share of the Automotive Transmission System Market and APEJ is larger than all other regions with a share anticipated to exceed one-third share in 2022. The region is also the largest contributor to the LCV segment of the Automotive Transmission System Market and the APEJ LCV segment will have a market value of nearly US$ 3.8 billion by the end of the forecast period. HCV’s are projected to have the lowest revenue share by vehicle type segment and that is probably why manufacturers are not giving this segment of the Automotive Transmission System Market the attention it deserves.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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