Press release
Asia Pacific (excluding Japan) Continues to Develop a Hotbed of Opportunities for Automotive Transmission System Production Giants, Fact.MR
The Automotive Transmission System market is anticipated to observe significant growth in the forecast period, according to the Fact.MR study. The study propounds key trends that are currently shaping the growth of the Automotive Transmission System market. This newly published and insightful report sheds light on key dynamics, which are expected to transform the future of the Automotive Transmission System market, in turn, creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of Automotive Transmission System.Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=11
Prevailing demand for low-range and medium-range automobiles among consumers based in emerging economies has been a strong factor providing the impetus to the growth of the automotive transmission system market over the past couple of decades. With fostering vehicle electrification and frequent launch of next-gen vehicles in the automotive space, it is most likely that the sales of fully or semi-automatic automotive transmission systems will witness steady growth over the next few years.
Moreover, governments across the globe are contributing a massive share in fueling the expansion of the automotive transmission system market. By setting stricter regulatory norms regarding vehicular emission control, governments are compelling a growing number of automakers and technology leaders to bring electrification and fuel efficiency to bear. According to a new study on the global market for automotive transmission systems, Fact.MR reveals this as among the most impactful factors pushing the revenue sales of the automotive transmission system.
While the development and implementation of regulatory frameworks revolve around optimum fuel efficiency and emission control, Fact.MR anticipates the global market for automotive transmission systems to gather a promising pace in the near future. A recent publication by Fact.MR forecasts a 5% CAGR for the global automotive transmission system market over 2017-2022, driving the revenue in excess of US$ 40 Bn by 2022 end.
Uncontested dominance of passenger vehicles over LCVs, HCVs, and other commercial vehicle types in terms of revenue is presumed to account for over 65% share of the total value represented by the global automotive transmission system market towards to end of the forecast period.
Research has confirmed time and again that the type of automotive transmission system implemented in a vehicle is imperative in shaping its fuel efficiency. Also, it has been proven that automated automotive transmission systems and dual-clutch automotive transmission systems exhibit higher efficiency over the manual variant of automotive transmission systems – in terms of gearshift comfort and reduced energy loss.
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Driven by incessantly worsening traffic congestion issues in urban areas, consistently boosting consumer preference for the more convenient and flexible automotive transmission systems such as automatic, automated, dual-clutch, and continuously variable – is extending strong support to these research findings. The global market for automotive transmission systems will thus witness steadily thriving demand for automatic automotive transmission systems; however, the revenue generation through manual automotive transmission system sales will continue to represent the maximum share in the global market for automotive transmission systems through 2022.
Hyundai recently rolled out the redesign of its flagship model Santa Fe Sport that is anticipated to enter markets in 2019 that has been anticipated to add value to the sustainability quotient of the automotive transmission system market. The engine of this new model has been exclusively equipped with an eight-speed automatic automotive transmission system, placing this car straightaway with other top contenders in the industry. Also, Hyundai engineers, with this automotive transmission system innovation, claim to have slashed down the emission output by almost 40% of the earlier model.
Although Hyundai’s technology innovation holds exclusivity with the engine of 2019 Hyundai Santa Fe Sport, the global landscape of the automotive transmission system market is foreseen to witness a heap of innovations on a similar line through 2022. Hyundai Motor Company, being one of the leaders in the automotive transmission system market, has been covered in the competitive landscape analysis of automotive transmission system market report by Fact.MR. Other players profiled in the report include Aisin Seiki Co., Ltd., Continental AG, Renault SA, Magna International Inc., and Eaton Corporation PLC.
Further insights on the top-performing vehicle type, fuel type, and transmission type in the automotive transmission system space, and the potential growth opportunities for the players partaking in the automotive transmission system market landscape, get in touch.
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The research attempts to answer many queries such as:
What needs are the leading manufacturers trying to meet by the forecast period?
What challenges will vendors running the Automotive Transmission System market go through?
What aspects do the consumers look up while buying Automotive Transmission System?
At present, who is buying your product or service globally?
Who are your primary contenders?
What will be the cost of the products and facilities across various regions?
What are the trends affecting the performance of the Automotive Transmission System market?
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
Primary research
Secondary research
Trade research
Focused interviews
Social media analysis
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