|07-12-2018 01:01 PM CET - Industry, Real Estate & Construction||
Global Automotive Transmission Market worth 26,020 Mn USD by 2022 - By Transmission Type (Automatic Transmission, Manual Transmission, Automated Manual Transmission), By Vehicle Type (Passenger Cars, (HCVs), (LCVs), and By Region - Forecast 2018-2026
Press release from: Fact.MR
Dublin 2, Ireland, 2018-Jul-12 — The global market for automotive transmission system is expected to expand at a steady pace, as demand for vehicles continue to surge in emerging markets. Technological innovation and the arrival of next-gen transmission systems such as continuous variable transmission (CVT), dual clutch transmission (DCT) and automatic transmission (AT) is also playing a major role in shaping the market dynamics. This report discusses key prospects for growth of Global Automotive Transmission System Market during the forecast period (2017-2022), offering pragmatic insights to lead market players towards devising & implementing informed strategies.
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.
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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.
The world is witnessing an unprecedented migration from rural to urban areas in search of better prospects and employment opportunities. As disposable incomes rise, people naturally gravitate from two-wheelers to four-wheelers. However, the incessant traffic jams seen on arterial roads in all major cities has compelled customers to ditch their manual transmissions and opt for the convenience and flexibility offered by automatic, dual clutch, and continuously variable transmissions. While there might be some enthusiasts who still consider manual transmissions as the ‘real thing’, a large chunk of customers are expected to make the switch to newer and more comfortable options.
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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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.
Table of Contents
Chapter 1. Global Automotive Transmission System Market - Executive Summary. 11
Chapter 2. Global Automotive Transmission System Market Overview. 13
2.1. Introduction. 13
2.1.1. Global Automotive Transmission System Market Taxonomy. 13
2.1.2. Global Automotive Transmission System Market Definition. 13
2.2. Global Automotive Transmission System Market Size (US$ Mn) and Forecast, 2012-2022. 14
2.2.1. Global Automotive Transmission System Market Y-o-Y Growth. 14
2.3. Global Automotive Transmission System Market Dynamics. 14
2.3.1. Drivers. 14
2.3.2. Restraints. 14
2.3.3. Trends. 15
2.4. Supply Chain. 15
2.5. Cost Structure. 16
2.6. Key Participants Market Presence (Intensity Map) By Region. 16
Chapter 3. Global Automotive Transmission System Market Analysis and Forecast By Transmission Type. 17
3.1. Global Automotive Transmission System Market Size and Forecast By Transmission Type, 2012-2022. 17
3.1.1. Manual Automotive Transmission System Market Size and Forecast, 2012-2022. 17
220.127.116.11. Revenue (US$ Mn) Comparison, By Region. 17
18.104.22.168. Market Share Comparison, By Region. 18
22.214.171.124. Y-o-Y growth Comparison, By Region. 19
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