Automotive Transmission Market Top Manufacturers, Business Demands And Forecast to 2029

Automotive Transmission Market Expected to Reach USD 89.29 Billion by 2029, with 6.87 % CAGR

Automotive Transmission Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Automotive Transmission industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Automotive Transmission Market Dynamics?

Drivers:

Rapid Technological Advancements in the Automobile Industry: The shift in consumer preferences towards fuel-efficient vehicles with enhanced performance is driving the adoption of continuously variable transmission (CVT) and dual clutch transmission (DCT) technologies, replacing manual and automatic systems. Automotive manufacturers continually upgrade their offerings to meet stringent emission control regulations and enhance user experience. The electrification of transmission systems is expected to accelerate with the growing trend of electric and hybrid vehicles.

Enhanced Driving Comfort: Vehicle owners are gravitating towards automatic transmissions, propelled by the introduction of advanced automotive engines, electric vehicles (EVs), and hybrid vehicles. The demand for automatic gearboxes is attributed to their ability to provide swift and smooth gear shifts, enhancing the overall driving experience. Automatic transmissions contribute to reduced fuel consumption and offer smooth gear changes, adding to the driving comfort.

Restraints:

Adaptation to Electric Vehicles: Efforts to electrify vehicles by automotive Original Equipment Manufacturers (OEMs) and governments worldwide are driving the need for modifications in the transmission system to accommodate electric vehicles. This may restrict the demand for passenger car automobile transmissions over the forecast period.

Opportunities:

Emission Regulations and Emerging Technologies: To combat air pollution, conventional vehicles have been identified as contributors to harmful gas emissions. Stringent government regulations on carbon emissions have prompted players to propose efficient system frameworks, spurring the demand for effective transmission systems.

Automotive Transmission Market Segmentation?

With the greatest CAGR of throughout the projected period, the Automatic Transmission segment is leading the market in terms of transmission type. Fuel efficiency and removing the driver's behavioural influence on the vehicle are the driving forces behind the necessity for automated transmissions (ATs) and automated manual transmissions (AMTs). The market for advanced gearbox technology is expected to grow significantly as automated driving systems supplant mechanical ones more frequently. Automatic gearbox systems use a fluid connection system between the engine and clutch. The gearbox is identical to that of a manual gearbox system.

Depending on the type of vehicle, the fluctuating price of petrol and the condition of the transportation infrastructure affect demand for passenger automobiles. Additionally, the passenger car market has benefited from advancements in transmission technology, which have led to increases in overall comfort, driving enjoyment, and fuel efficiency. These improvements have propelled the sector's expansion from 4-speed automatic transmissions to 8- and 9-speed automatic transmissions.

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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

Table of content for the Automotive Transmission Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Transmission Market Report

Part 03: Global Automotive Transmission Market Landscape

Part 04: Global Automotive Transmission Market Sizing

Part 05: Global Automotive Transmission Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The Asia Pacific region claimed the market's largest share in 2022 and is expected to witness significant growth with a CAGR of 31% throughout the forecast period. The automotive transmission industry in the Asia Pacific is rapidly expanding due to factors such as affordable labor, developing economies, and the presence of numerous major vehicle manufacturing companies. Strict regulations on vehicle emissions imposed by regional governments are driving the need for a variety of automotive systems. Increased vehicle sales, particularly in countries like South Korea, India, Japan, and China, are anticipated to have a positive impact on regional market growth.

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