Press release
Future Growth Analysis of ‘Automotive Transmission Market’ by Leading Companies: Magna International, Allison Transmission, Jatco, Eaton, Schaeffler, Continental AG, BorgWarner Inc.
Automotive Transmission Market
The significant increase in demand for passenger and commercial vehicles, and growth in global automotive industry boosts the demand for automotive transmission in the coming years. The demand for luxury and comfortable vehicles has increased significantly, especially from the emerging economies driving the Automotive Transmission Market growth.
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Growth Factors and Leading Companies: -
Consumers prefer comfortable and enhanced driving experience, which boosts the Automotive Transmission Market. The introduction of stringent government regulations regarding carbon emissions has encouraged market players to launch efficient automotive transmission systems.
New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for this market in the coming years. The increasing economic growth, and increasing demand from countries such as China and India to further increase the adoption of automotive transmissions in the region.
Asia-Pacific dominates the electric vehicle market due to the increasing population of vehicles and adoption of vehicular emission standards of the U.S. and European Union by Asia-Pacific countries.
The companies operating in Automotive Transmission 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.
• GKN PLC.
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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In 2017, Asia-Pacific accounted for the highest share in the Automotive Transmission Market. The governments in the region have introduced stringent regulations regarding vehicular emissions owing to environmental concerns.
The growing demand for automobiles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive transmission systems during the forecast period.
Expansion of global players into these countries to tap market potential boosts the Automotive Transmission Market growth. The high penetration of electric vehicles in the region promotes the adoption of automotive transmissions in the coming years. Moreover, concerns about rising pollution levels have accelerated the adoption of electric vehicles market in this region, thereby supporting the growth of the market.
Partial TOC of Automotive Transmission Market: -
1. Industry snapshot
2. Ecosystem analysis
3. Market Dynamics
4. Industry analysis - Porter's five force
5. Degree of competition
6. Market PEST Analysis
7. Market Value Chain Analysis
8. Industry Trends
9. Competitive Ranking Analysis
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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