Automotive Transmission Market Future Growth, Business Trends and Analysis

Automotive Transmission Market Ewas valued at US$ 56.07 Bn in 2022. The Global Automotive Transmission Market size is estimated to grow at a CAGR of 6.87 % over the forecast period.

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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Automotive Transmission Market Dynamics

Driving Forces:

1. Technological Advancements:
As technological prowess propels the automotive industry, the adoption of continuously variable transmission (CVT) and dual clutch transmission (DCT) technologies gains momentum. The market anticipates a shift from manual and automatic systems, catering to consumer demands for fuel-efficient yet high-performing vehicles. The electrification of transmission systems aligns with the surge in electric and hybrid automobiles.

2. Comfort-Centric Shift:

Vehicle owners increasingly prefer automatic transmissions due to enhanced automotive engines, electric vehicles (EVs), and hybrid vehicles. Automatic gearboxes offer faster and smoother gear-shifting capabilities, reducing fuel consumption and ensuring a smoother driving experience. The shift towards automatic transmissions is anticipated to continue, driven by minimal driver input and improved drivability.

Challenges and Restraints:

The Automotive Transmission Market grapples with challenges stemming from the necessary modifications for electric vehicles, aligning with global efforts to electrify automobiles. The industry also faces challenges associated with raw commodity price fluctuations, impacting market competition and introducing variations in product quality.

Opportunities:

The imperative to reduce air pollution from conventional automobiles drives opportunities for efficient system frameworks. Harsh government regulations on carbon emissions prompt players to propose advanced transmission systems, aligning with emerging channels, changing buyer demographics, and stringent governmental regulations.

Automotive Transmission Market Segmentation

Automotive Transmission Market , by Transmission Type

Automatic Transmission
Manual Transmission
Automated Manual Transmission
Continuously variable transmission
Dual Clutch Transmission

Transmission Type - Automatic Transmission Dominates:

The Automatic Transmission segment takes the lead with the highest CAGR during the forecast period. Automated manual transmissions (AMTs) and automatic transmissions witness heightened demand due to their fuel-efficiency and the removal of the driver's behavioral impact on the vehicle. Advanced transmission technologies find opportunities as automated driving systems replace mechanical ones.

Automotive Transmission Market , by Number Of Forwarding Gears

Less Than 5
5-6
7-8
9-10
Above 10
CVT

Automotive Transmission Market , by Vehicle Type

PCs
LCVs
Trucks
Buses

Vehicle Type - Passenger Cars Rule:

In the Vehicle Type segment, Passenger Cars dominate with the highest CAGR. The demand surge is influenced by fluctuating gasoline costs and improvements in transmission technology. Advancements, from 4-speed automatic transmissions to 8-speed and 9-speed options, enhance comfort, driving enjoyment, and fuel efficiency in passenger cars, driving overall sector growth.

Automotive Transmission Market , by Hybrid Vehicle

PHEV
HEV

Automotive Transmission Market , by Fuel Type

Diesel
Gasoline

Automotive Transmission Market , by Two-Wheeler Transmission Type

Manual
Automatic

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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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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:

Asia Pacific emerges as the leader, dominating the market with the highest share in 2022. The region anticipates substantial growth at a CAGR of 31% through the forecast period. Factors such as inexpensive labor, developing economies, strict emission regulations, and the presence of major vehicle manufacturing enterprises contribute to the region's automotive transmission industry's rapid expansion.

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