Automotive Automatic Transmission Market key Insights Based on Product Type, End-use and Regional Demand Till 2026

Mechanics and technologies associated with gear shifting which is used in fuel transmission is a vital component of vehicles. Effective transmission is important for efficient performance of vehicles. Arrivals of different types of vehicles like electric vehicles and hybrid vehicles encourage the vehicle owners to adopt automatic transmissions and shift their focus from manual. Automatic transmissions improve the gear shifting process by making it smoother and faster. Such properties are responsible for growth in demand in global market. Automotive automatic transmissions facilitate enhances the drivability of vehicles by reducing dependency of driver.

Latest Fact.MR report predicts the global market for automotive automatic transmission to grow at 8.8% CAGR in the period 2017-2026. 19,200,000 units is the expected sale volume which will be attained by the end of the year 2026.

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Heavy and light commercial vehicles drive market growth

Automatic transmissions are preferred over manual types for their effective management of year. Clutches are engaged very closely in such automatic transmissions which facilitates the driver with faster gear shift. This property is a boon for medium-sized cars. Mid-sized cars are estimated to lead the global market in the coming years and are estimated to acquire one-fourth share of global market. 5,230,000 units of mid-sized cars will have these automatic transmissions installed in them by the end of the year 2026. The other types of cars which include compact cars, heavy commercial vehicles and light commercial vehicles are also projected to exhibit growth at moderate CAGR. The growth rate of their volume is projected to exceed 8% CAGR in the forecast period.

On the basis of regions, global automotive automatic transmission can be segmented into different types that are North America, Japan, MEA, Latin America, Europe and APEJ. Different major types of vehicles in the global market are compact cars, premium cars, mid-sized cars, luxury cars, heavy commercial vehicles and light commercial vehicles of which heavy and light commercial vehicles play a vital role in market growth.

North America and Europe lead market

Automotive automatic transmission's 3,500,000 units is expected be part of light commercial vehicles and heavy commercial vehicles. Fact.MR report reveals that 2,000,000 units was the volume of the automatic transmissions installed across the globe in the year 2019. The regions including Europe and North America lead the global market for automotive automatic transmission in demand. Asia-Pacific excluding Japan is the region that dominates the market in terms of production of automotive automatic transmissions. This region's market is expanding very rapidly and it sale is forecasted to exceed automatic transmission's volume 5,283,000 units.

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Established companies are expanding their manufacturing base's capacity in regions like APEJ in order to acquire larger end-user base. Many players are integrating advanced and smart technologies for performance enhancement of automotive automatic transmissions. These integrations are directed towards improving vehicle functionalities. Prominent players in global market are Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., Champion Power Equipment, Inc., Toshiba Corporation, Briggs & Stratton Corporation, Ryobi Limited and Subaru Corporation.

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This release was published on openPR.