Report Predicts Growth in Market for Automotive Transmission

Automotive Transmission Market applications include the supply of optimal torque to drive the engines to make them safe and comfortable. Efficient transmission system allows the vehicle to attain high cruise speed while providing the necessary safety.

The growth drivers for the automotive transmission market size are growing demand for automatic transmission which provides light weight, fuel efficient and comfortable driving experience in exploding traffic congestion situations in growing cities. Also, increasing spending capacity of middle class population in developing countries, stringent regulations for controlling fuel emission, increasing demand of electric vehicles encouraging electrification of transmission systems are transforming the industry growth.

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Some research institutes governing the regulations related to the automotive transmission market are Society of Indian Automobile Manufacturers (SIAM), Environmental Protection Agency (EPA), China Association of Automobile Manufacturers (CAAM), European Automobile Manufacturers Association (EAMA) and International Council on Clean Transportation (ICCT).

Based on transmission type, the industry is classified into manual and automatic. Automatic transmission market share is forecast to witness growth in the future owing to its ease of use in heavy traffic areas and fuel efficiency in vehicles.

Though the industry is gradually advancing towards electrification of vehicle fleet, the internal combustion engine is expected to be the mainstay of the automotive during the forecast timeline. Higher number of gears are adopted by OEMs to get better fuel efficiency than that of a six-speed transmission.
The new technological trend in market in n-speed automatic systems where “n” is the number of forward gears. Based on vehicle type, the automotive transmission market share is divided into passenger cars, LCV, HCV and electric vehicles.

The trend in North America and Europe automotive transmission market size shows the consumers’ increasing approach towards energy efficient as well as comfortable vehicles. Asia Pacific has become the largest regional industry for alternative fuel passenger cars due to rapid industrialization and growth of the automobile industry, with Japan and China being the leaders in this region. This trend is observed due to tax breaks, and incentives to the participants in the industry.

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The automotive transmission market share is dominated by international and local players like Aisin Seiki Co., Getrag Corporate Group, ZF Friedrichshafen AG, and Magna Powertrain, Jatco Ltd., Eaton Corporation, GKN PLC, Allison Transmission Inc., BorgWarner Inc. Continental AG, General Motors, Hyundai, Volkswagen, Xtrac Limited, Honda, Fuji Heavy Electricals Limited, etc.

The strategy adopted by the manufacturers is to come up with more efficient transmission systems by investing resources in R&D. For instance, in 2016, GETRAG Transmission Co., Ltd expanded its production capacity of DCTs to capitalize the increasing demand.

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This release was published on openPR.