Global Automotive Automatic Transmission Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028

The global automotive automatic transmission market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2022-2028). The rising environmental concerns and stringent fuel economy norms are anticipated to drive the demand for the global automotive automatic transmission market. For instance, National Highway Traffic Safety Administration NHTSA's Corporate Average Fuel Economy (CAFE) standards regulate how far the vehicles must travel on a gallon of fuel. NHTSA sets CAFE standards for passenger cars and light trucks and separately sets fuel consumption standards for medium and heavy-duty trucks and engines. Further, NHTSA had finalized CAFÉ standards for MYs 2024-2026. The final rule establishes standards that would require an average of approximately 49 mpg for passenger cars and light trucks in the model year 2026, by increasing fuel efficiency by 8.0% annually for model years 2024 and 2025 and 10.0% for the model year 2026. Moreover, the agency projects the final standards will save $1,400 in total fuel expenses of vehicles produced in these model years and avoid the consumption of 234 billion gallons of gas between model years 2030 to 2050. Thus, such stringent regulations concerning the fuel economy standards are anticipated to fuel the demand for the global automotive automatic transmission market.

Further, the growing environmental regulations to reduce carbon emissions and increase fuel efficiency are driving the growth of the global automotive automatic transmission market. For instance, in December 2021, US Environmental Protection Agency (EPA) revised national greenhouse emissions standards for passenger cars and trucks for model years 2023-2026. The final standards are projected to achieve significant GHC emissions reductions along with reductions in other criteria pollutants.
Governments in several regions are promoting the production and sales of alternative fuel vehicles, which is projected to propel the demand for automotive automatic transmissions. For instance, in December 2021, the Union Minister of Road Transport and Highways called for manufacturing Flex Fuel Vehicles (FFV) complying with BS-6 norms in a time-bound manner within six months. In line with the vision of Aatmanirbhar Bharat and the government's policy on promoting ethanol as a transport fuel, Flex Fuel vehicles are capable to run on a combination of petrol, bioethanol, and their blends along with strong hybrid electric technology in the case of FFV -SHEVs.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Fuel Type
o By Vehicle Type

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Schaeffler AG, Aisin Seiki Co.Ltd, and Honda Motor Co., among others

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Automotive Automatic Transmission Market Report by Segment

By Type
• Automatic Transmission
• Automated Manual Transmission
• Continous Variable Transmission
• Dual Clutch Transmission

By Fuel Type
• Gasoline
• Diesel
• Hybrid

By Vehicle Type
• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles

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This release was published on openPR.