Automotive Transmission Case Market Outlook and SWOT Analysis to 2022 | Key Players- ZF Friedrichshafen AG, Continental AG, Eaton Corporation, Allison Transmission, Magana International Inc., Borg Warner, JATCO, Aisin Seiki, Hyundai Dymos, Schaeffler AG,

Automotive Transmission Case Market Overview:

The Automotive transmission case is used in a series of vehicles powered by four-wheel drive to transmit power from the power transmission system to the front and rear axles of a vehicle. The transmission is carried out by means of a gear, a hydraulic system or a chain transmission. Mainly, a transfer case is used to synchronize the rotation between the front and rear axles because the axles operate at different speeds due to the difference in tire diameter. A car transfer case can operate in two modes, namely two-wheel drive and four-wheel drive. This feature is interchangeable in heavy trucks and off-road vehicles for the driver. However, in other types of vehicles, such as sports cars, the feature is permanently locked in "four-wheel drive" mode and cannot be selected by the driver. In some vehicles, the transfer case is operated with a shift lever, while in other vehicles it is operated electrically by means of a switch.

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Automotive Transmission Case Market Drivers and Restraints:
The demand for electrification of vehicle systems is increasing due to the new government regulations for the control of emissions and the reduction of fuel economy. Government regulators in developed countries develop and implement rigid regulatory frameworks for emission standards. Taking all these factors into account, the global automotive transmission market is expected to grow at a promising pace in the coming years. The market is expected to grow at an average annual rate of XX% from 2017 to 2022, going from an estimate of USD XX Billion in 2017 to USD XX Billion for the year 2022.

Over the years, manual transmission has been favored by its low cost and availability. However, consumer choices are changing rapidly and manufacturers increasingly turn to automatic transmission. The automatic transmission offers a better driving experience due to the smooth gear changes and is very fuel efficient than the manual transmission. In terms of revenue, the passenger car segment has clearly dominated the global market, representing more than 64.3% of the market in 2017. It is expected that the increase in passenger car sales, especially in emerging economies, will help the segment to dominate the market in forecasted years.

Geographical Insights:

At the regional level, the global automotive transmission market has been segmented into Europe, North America Middle East and Africa, Asia-Pacific, and Latin America. In 2017, the Asia-Pacific market dominated the global market, accounting for almost 48% of the global market. The regional market will continue to generate impressive growth opportunities for companies that operate in the automotive transmission market due to the massive increase in the use of passenger vehicles and consumers. At the end of the reporting period, the region is expected to see a promising increase in its participation in the world market, thus maintaining its strong dominance.

ZF Friedrichshafen AG, Continental AG, Eaton Corporation, Allison Transmission, Magana International Inc., Borg Warner, JATCO, Aisin Seiki, Hyundai Dymos, Schaeffler AG, Magneti Marelli S.p.A., and Bonfiglioli RIDUTTORI S.P.A. are the major players of the market.

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