Automotive Transmission Market Industry Share, Business Size, Growth Factors and Forecast 2029

1.9.2023: Automotive Transmission Market Expected to Reach USD 89.28 Billion by 2029, with 6.87 % CAGR

Automotive Transmission Market Report Scope and Research Methodology

Report Scope:

The Automotive Transmission Market report provides a comprehensive analysis of various market segments, including Transmission Type, Number of Forwarding Gears, Vehicle Type, Hybrid Vehicle, Fuel Type, and Two-Wheeler Transmission Type. Regional insights cover North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report offers valuable insights into market dynamics, drivers, limitations, opportunities, and challenges.

Research Methodology:

This report is based on data collected from market participants and offers an in-depth analysis of advancements in the industry from 2017 to 2020. It employs factual data, illustrations, and presentations to provide a historical perspective. The research investigates key drivers, limitations, opportunities, and barriers in the Automotive Transmission Market, offering investor recommendations based on a thorough competitive analysis.

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What are Automotive Transmission Market Dynamics?

Rapid Technological Advancement in Automobile Industry: The adoption of continuously variable transmission (CVT) and dual clutch transmission (DCT) technologies to meet consumer demands for fuel efficiency and improved performance is driving market growth. Electrification of transmission systems is also on the rise, enhancing automotive vehicle performance.

Enhanced Driving Comfort: Consumers are increasingly favoring automatic transmissions over manual ones, thanks to their smoother gear-shifting capabilities and improved fuel efficiency. Automatic gearboxes provide a comfortable driving experience with minimal driver input.

Rapid Urbanization: Population growth, globalization, and urbanization are expanding the transportation industry, leading to higher demand for efficient transmission systems.

Demand in Logistics Sector: The logistics industry's growth is increasing the need for powerful commercial vehicles, which rely on effective transmission systems to transfer engine torque to the wheels.

Restraints:
The need to modify transmission systems for electric vehicles, driven by government efforts to electrify transportation, may limit demand for passenger car transmissions during the forecast period.

Opportunities:
Stringent government regulations regarding carbon emissions and the shift toward efficient system frameworks present opportunities for growth. Emerging channels, changing buyer demographics, and stricter governmental regulations are also expected to drive demand for efficient transmission systems.

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Automotive Transmission Market Segmentation?

According to transmission type, the sector for automatic transmissions is leading the market with the highest CAGR during the anticipated period. The requirement for fuel-efficient transmission systems and the elimination of the driver's behavioural impact on the vehicle (ATs) are what are driving the demand for automated manual transmissions (AMTs) and automatic transmissions. The market for advanced gearbox technology has a huge possibility to grow as automated driving systems replace mechanical ones more frequently. In automatic gearbox systems, a fluid coupling system is used between the engine and clutch. The gearbox is the same as one found in a manual gearbox system.

Depending on the type of vehicle, the state of the transportation system and the fluctuating price of petrol have an impact on the demand for passenger automobiles. Additionally, advancements in gearbox technology in the market for passenger cars-from 4-speed automatic transmissions to 8-speed and 9-speed automatic transmissions-have raised the general level of comfort, driving pleasure, and fuel efficiency of these vehicles, which has in turn encouraged sector growth.

According to fuel type, gasoline-powered vehicles largely comply with all emission standards. They perform better and use less petrol when compared to their diesel equivalents. Compared to diesel engines, gas engines are more organised and produce less gas. Due to the increasing demand for petrol in nations like China, India, and the United States during the anticipated period, the division is anticipated to expand.

Who are Automotive Transmission Market Key Players?

1. ZF Friedrichshafen AG
2. Continental AG
3. Allison Transmission
4. Magana International Inc.
5. Eaton Corporation
6. Borg Warner
7. Aisin Seiki
8. JATCO
9. Schaeffler AG
10. Hyundai Dymos
11. Bonfiglioli RIDUTTORI S.P.A.
12. Magneti Marelli S.P.A.
13. Aichi Machine Industry Co. Ltd
14. Vitesco Technologies
15. GKN Automotive

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Regional Insights:

In 2022, the Asia Pacific region dominated the market, with significant growth expected at a CAGR of 31% during the forecast period. Factors contributing to this growth include affordable labor, growing economies, strict emissions regulations, and increased vehicle sales, especially in countries like South Korea, India, Japan, and China.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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