Press release
Automotive Transmission Market Forecast to 2026 Focusing on Top Key Players - Magna International, Allison Transmission Inc., Eaton Corporation PLC, Continental AG, Schaeffler AG, Jatco Ltd, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., BorgWarner Inc.
Automotive Transmission Market Size
Automotive transmission system is a combination of various devices, which enable the transmission of power from the engine to the live axle of an automobile through the drive shaft. Automotive transmission system integrates the functionality of various transmission components such as gears, shafts and other parts to enable the movement of an automobile. Components such as gears, brakes, clutch, fluid drive and other parts operate together for converting the speed ratio between the engine and wheels of a vehicle. The different types of automotive transmissions include manual transmission, automatic transmission, continuously variable transmission, and semi-automatic and dual-clutch transmissions.
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Major Key Player: -
Magna International
Allison Transmission Inc.
Eaton Corporation PLC
Continental AG
Schaeffler AG
Jatco Ltd
ZF Friedrichshafen AG
Aisin Seiki Co., Ltd.
BorgWarner Inc.
GKN PLC.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Transmission Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in the market in 2017 owing to increasing automotive demand, and emerging economies of China, Japan, India, and South Korea. The strict government regulations regarding vehicular emissions, and high penetration of electric vehicles in the region impacts the market growth.
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The demand for automotive transmission has increased owing to increasing need for vehicular safety, and growing demand for luxury vehicles. The increasing trend towards comfortable and enhanced driving experiences, and rising production of motor vehicles support the growth of the automotive transmission market. The growth in global automotive industry and increasing demand for light weight automotive transmission systems has resulted in market growth. The introduction of stringent government regulations regarding carbon emissions further increases the demand for automotive transmissions. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
Competitive Landscape
The global automotive transmission market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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