Press release
Automotive Transmission Market Poised for Rapid Growth with 6.0% CAGR, Projected to Exceed USD 120.41 Billion by 2034
Automotive Transmission-Market Insights, Size Revenue, Outlook, Overview, and Analysis. The automotive transmission market was estimated to be worth USD 67.24 billion in 2024 and is predicted to expand to USD 120.41 billion by 2034, with a CAGR of 6.0% from 2025 to 2034.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐จ๐ฉ๐:
This comprehensive study provides an accurate overview of the worldwide automotive transmission market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by transmission type, fuel type, vehicle type, and region in the study, which offers a comprehensive picture of the state of the market.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
An automotive transmission is an essential part of vehicles that enables the engine to run effectively within a designated speed range by delivering power to the wheels. In contrast to electric vehicles, internal combustion engine cars cannot function throughout the full-speed range without support. The transmission, whether manual or automatic, plays a vital role in allowing the vehicle to operate at different speeds while maintaining the engine's performance in its ideal range.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market/request-for-sample
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ:
โ Passenger cars are equipped with automatic transmission systems that are user-friendly and offer improved comfort. The rise in global traffic is encouraging car owners to buy vehicles equipped with automated systems.
โ Numerous governments worldwide have implemented rules concerning carbon emissions, safety, and lightweight vehicles. These rules have encouraged original equipment manufacturers (OEMs) to incorporate parts that decrease the total weight of the vehicle. The growing demand for lightweight systems boosts the automotive transmission market development.
๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
Top companies in the worldwide market focus on strategic acquisitions to boost their research and development capabilities and secure a competitive advantage, enabling them to offer consumers innovative products. Here are the top companies in the automotive transmission market:
โข Denso Corporation
โข Lear Corporation
โข Continental AG
โข Delphi Automotive PLC
โข Hella KGaA Hueck & Co.
โข ZF Friedrichshafen AG
โข Robert Bosch GmbH
โข Autoliv Inc
โข Hitachi Automotive Systems Ltd.
โข Infineon Technologies AG.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market/inquire-before-buying
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ซ๐๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Based on transmission type, the manual segment dominated the automotive transmission market with a revenue share of more than 51.5% in 2024. Many consumers prefer manual transmission vehicles owing to their affordability as compared to automatic variants.
โข Based on fuel type, the gasoline segment accounted for the largest revenue share of more than 54.1% in 2024. Vehicles using gasoline offer several benefits, including improved efficiency and compliance with pollution standards.
โข Asia Pacific held the largest automotive transmission market share of more than 30% in 2024. This is due to the rising demand for passenger cars and the increasing adoption of advanced technologies in the region.
โข North America is anticipated to witness significant growth from 2025 to 2034, owing to the increased adoption of electrified systems and growing demand for aftermarket transmission systems.
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ข๐ฌ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
According to regional analysis, Asia Pacific held the largest market share, more than 30%, in 2024 due to the growing demand for passenger vehicles in the region and the escalating use of advanced technologies to create advanced transmission systems.
Also, North America is expected to witness substantial growth from 2025 to 2034 because of the rising use of electrified systems. This can be attributed to the increasing emphasis on hybrid vehicles and their beneficial effects on emissions and fuel efficiency.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market
Segmental Outlook:
Automotive Transmission Market, Transmission Type Outlook (Revenue - USD Billion, 2020-2034)
โข Manual
โข Automatic
Automotive Transmission Market, Fuel Type Outlook (Revenue - USD Billion, 2020-2034)
โข Gasoline
โข Diesel
โข Others
Automotive Transmission Market, Vehicle Type Outlook (Revenue - USD Billion, 2020-2034)
โข Passenger Cars
โข LCVs
โข HCVs
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Automotive Finance Market: https://www.polarismarketresearch.com/industry-analysis/automotive-finance-market
Automotive Wrap Films Market: https://www.polarismarketresearch.com/industry-analysis/automotive-wrap-films-market
Yacht Market: https://www.polarismarketresearch.com/industry-analysis/yacht-market
Electric Truck Market: https://www.polarismarketresearch.com/industry-analysis/electric-truck-market
Saudi Arabia Bus Market: https://www.polarismarketresearch.com/industry-analysis/saudi-arabia-bus-market
๐๐จ๐ง๐ญ๐๐๐ญ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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