Press release
Global Automotive Automatic Transmission Market Augmented Expansion to be Registered by 2026|| Key Companies- Honda Motor Co. Ltd., Generac Holdings Inc., Yamaha Motor Co. Ltd., Hyundai Motor Company
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FactMR’s latest forecast study projects that the global automotive automatic transmission market will expand robustly during the assessment period, 2017-2026. According to the study, the global automotive automatic transmission market will expand at a value CAGR of 8.8% over the forecast period. By the end of 2026, more than 19,200,000 units of automatic transmissions will be sold across the automotive industry worldwide.
Compared to manual transmissions, automatic transmissions exhibit a competitive advantage of managing the acceleration needs effectively. Close engagement of clutches in automotive automatic transmissions enable the driver to shift the gears faster, which is of great advantage for mid-sized cars. The report estimates that throughout the forecast period, mid-sized cars will represent the leading vehicle segment, accounting for more than one-fourth share on global market volumes. The report estimates that by the end of 2026, over 5,230,000 units of automatic transmissions will be equipped across mid-sized cars worldwide.
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The report also reveals that compact cars, light commercial vehicles and heavy commercial vehicles will register healthy growth, and reflect more than 8% CAGRs in terms of volumes during the forecast period. By the end of the forecast period, nearly 3,500,000 units of automotive automatic transmissions will be installed across heavy and light commercial vehicles collectively. The report also reveals that in 2017, nearly 2,000,000 units of automotive automatic transmissions were installed across compact cars in the world. The report further reveals that the demand for automotive automatic transmission will be high in North America and Europe, while the Asia-Pacific excluding Japan (APEJ) region will be observed as the largest producer of automotive automatic transmissions. By 2026-end, the APEJ automotive automatic transmission market will be at the forefront of global expansion, registering sales of over 5,283,000 units of automatic transmissions.
Competition Tracking
Leading manufacturers of automotive automatic transmissions have been profiled in the report. These include, Honda Motor Co., Ltd., Generac Holdings Inc., Yamaha Motor Co., Ltd., Hyundai Motor Company, Champion Power Equipment, Inc., Wuxi Kipor Power Co. Ltd., Toshiba Corporation, Lifan Industry (Group) Co., Ltd, Briggs & Stratton Corporation, Subaru Corporation and Ryobi Limited. A majority of these companies are likely to expand their manufacturing bases in the APEJ region to capitalize on the existing vast end-use base. In addition, several market players will be focusing on integrating smart technologies to increase the performance of automotive automatic transmissions and extend their role in improving the working of vehicles.
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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