Automotive Transmission Market - Witness of Growth by Industries like Vendors are Magna International, Allison Transmission Inc., Continental AG, Schaeffler AG, Jatco Ltd, ZF Friedrichshafen AG, BorgWarner, GKN PLC
The global automotive transmission market generated $150.4 billion in 2017 and is anticipated to grow at a CAGR of 8.1% during the forecast period.
Automotive transmission system provides gear or drive ratio between the engine and drive wheels to enable acceleration of vehicles from rest through a wide speed range. The different types of automotive transmission systems include automatic transmission and manual transmission. Automatic transmission automatically changes the gears with regard to speed of the vehicle, and consists of primary components such as planetary gear sets, hydraulic system, seals and gaskets, torque converter, governor, modulator and computer. The manual transmission system requires driving the vehicle with the help of a hand-operated gearshift and a foot operated clutch.
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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.
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.
Competitive Landscape and Key Vendors
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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The companies operating in the automotive transmission market market include Magna International, Allison Transmission Inc., Eaton Corporation PLC, Continental AG, Schaeffler AG, Jatco Ltd, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., BorgWarner Inc., and GKN PLC.
Automated Manual Transmission
Dual Clutch Transmission
Continuously Variable Transmission
Light Commercial Vehicles
Heavy Commercial Vehicles
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