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Global Automotive Gearbox Market Growth Analysis, Latest Trends and Forecast till 2027|ZF Friedrichshafen, Aisin Seiki, Magna (Getrag)

12-28-2021 08:48 AM CET | Tourism, Cars, Traffic

Press release from: INFINITY BUSINESS INSIGHTS

The global Automotive Gearbox market was valued at 9250.44 Million USD in 2020 and will grow with a CAGR of 2.33% from 2021 to 2027. The automobile gearbox industry is likely to be driven by rising customer demand for a pleasant ride. 6-speed and 7-speed transmissions are available in luxury and premium automobiles. Because there are more gears, gear shifting gets smoother, which improves the ride. As a result, increased desire for luxury and riding comfort will likely fuel demand for automotive gearboxes.

Premium and luxury automobiles are in high demand in North America and Europe, which is expected to increase the automotive gearbox market in these countries. Vehicle sales are growing in Latin America and Asia Pacific due to rapid economic expansion.

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Top Key Players Included in Automotive Gearbox Market Report: ZF Friedrichshafen, Aisin Seiki, Magna (Getrag), Schaeffler, Borgwarner, Eaton, Allison Transmission, Continental, Jatco, Magneti Marelli, GKN, Bonfiglioli, Hyundai Dymos, Oerlikon Graziano, Punch Powertrain, Tremec, Avtec, Aichi Machine Industry, Fuji Machinery, Hewland

COVID-19 has brought the world to a pause, affecting companies everywhere. COVID-19 is unlikely to have a substantial influence on the Automotive Gearbox market. However, the market anticipates a reduction in income owing to fewer employees. The COVID-19 issue has substantially disrupted the market's momentum. Governments have an important role in addressing these challenges and determining the rate at which solar energy is implemented in the near future. Many firms are concerned about the pandemic's impact on the Automotive Gearbox industry as a whole, as well as it's unclear future.

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Automotive Gearbox Market segment by Type:
3-5
6-8
Above 8

Automotive Gearbox Market segment by Application:
Passenger Cars
LCVs
Trucks
Buses

The report is segmented the Automotive Gearbox market into groups based on all vital regions of the world and country. It splits the demand and determines the subdomains of the same from a regional market. The key region and the country of the markets are Europe (Germany, Italy, France, Russia, the United Kingdom, North America (the U.S., Mexico, and Canada), and Spain), APAC (China, Japan, Korea, Southeast Asia, India, and Australasia), Central and South America (Argentina, Brazil, and Colombia), and the MEA (Turkey, Iran, South Africa, Israel, and Saudi Arabia). The report examines market trends in all of the domains, as well as the forecasts.

FAQs:
1. What are the top companies operative in the Automotive Gearbox Market?
2. What segments are covered in the Automotive Gearbox Market?
3. What will be the Automotive Gearbox market size in terms of value and volume in the next five years?
4. Which segment is currently leading the Automotive Gearbox market?

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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
We attain particular and niche demand of the industry while stabilize the quantum of standard with specified time and trace crucial movement at both the domestic and universal levels. The particular products and services provided by Infinity Business Insights cover vital technological, scientific and economic developments in industrial, pharmaceutical and high technology companies.

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