Press release
Automotive Transmission Market 2018 Top Key Players Aisin Seiki, Getrag Corporate, ZF Friedrichshafen AG, Magna Powertrain, Jatco, Eaton Corporation, GKN PLC, Allison Transmission, BorgWarner. Continental AG, General Motors, Hyundai, Volkswagen, Xtrac, Ho
The automotive transmission market is driven by a blend of various transmission technologies such as Dual Clutch transmission (DCT), Automatic Manual transmission (AMT), Automatic Transmission (AT), and Continuous Variable Transmission (CVT). DCT and CVT possess higher market potential owing to fuel efficiency. The DCT and CVT transmission system integration present higher installation cost to OEMs than conventional alternatives. The passenger car segment is still not introduced with these systems.
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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. Higher cost of installing technically advanced systems and limited use of high end technology is restricting the sales.
Top Key Players:-
The key players of global Automotive Transmission Market are Aisin Seiki Co., Getrag Corporate Group, ZF Friedrichshafen AG, 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.
Regional Segmentations:-
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. The automotive production is concentrated among countries like Japan, China, South Korea and India.
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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.
Based on type of fuel used, the industry is divided into gasoline and diesel based transmission units. 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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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