Press release
Emerging Automotive Automatic Transmission Market Trend 2025-2034: Innovative Developments In The Automotive Automatic Transmission Market
Automotive Automatic Transmission Market Size
The market for automatic transmissions in the automotive industry has seen significant expansion in the past few years. The market value is expected to increase from $67.44 billion in 2024 to $72.9 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.1%. Factors driving this growth during the past period include the rising implementation of hybrid and plug-in hybrid systems, a growing demand for vehicles with automatic transmission, a shift towards more fuel-efficient vehicles and those emitting fewer pollutants, a preference for easier and more comfortable driving, and the overall global expansion of the automotive industry.
In the coming years, the automotive automatic transmission market is anticipated to experience robust growth, reaching a value of $98.6 billion in 2029 with a compound annual growth rate (CAGR) of 7.8%. This projected growth during the forecast period is largely due to the increasing preference for electric vehicles equipped with automatic transmissions, the incorporation of advanced driver-assistance systems (ADAS) in transmissions, rigid emission standards enforced by regulatory bodies, the expansion of ride-sharing and self-driving vehicle fleets, and the introduction of innovations in material and manufacturing processes that produce lighter and more efficient transmissions. Key trends expected during the forecast period encompass a move towards dual-clutch and continuously variable transmissions, technological breakthroughs in transmission systems, the creation of predictive maintenance tools for transmissions, a focus on connectivity and communication within transmission systems, and the rise of subscription-based transmission services and upgrades.
What Key Elements Are Boosting Growth in the Automotive Automatic Transmission Market?
The growing preference for electric vehicles is projected to fuel the expansion of the automotive automatic transmission market. Electric and hybrid cars, which are powered by one or more electric engines, either solely or in conjunction with a traditional combustion engine, offer benefits like lower environmental degradation and superior energy conservation. The increased interest in electric cars is attributable to factors like environmental worries, governmental monetary encouragement, enhancements in battery technology, and growing customer demand for fuel efficacy. Automotive automatic transmission systems are used in electric vehicles to effectively manage power distribution and improve drive performance. For instance, the International Energy Agency (IEA), a French-based independent intergovernmental entity, stated that in April 2023 there was a significant 35% rise in global electric car sales to 3.5 million units in 2023, an increase from the previous year. As a result, the growing migration towards electric vehicles is accelerating the expansion of the automotive automatic transmission market.
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Who Are the Major Industry Players Fueling Automotive Automatic Transmission Market Expansion?
Major companies operating in the automotive automatic transmission market are Ford Motor Company, General Motors, Continental AG, ZF Friedrichshafen AG, Magna International Inc., Aisin Seiki Co. Ltd., Eaton Corporation PLC, Schaeffler AG, BorgWarner Inc., JTEKT Corporation, Dana Incorporated, NTN Corporation, GKN Automotive Limited, Voith Group, AVL List GmbH, Allison Transmission Inc., Ricardo plc, Tremec Corporation, Punch Powertrain NV, JATCO Ltd., Honda Transmission Manufacturing of America, GETRAG, Hyundai PowerTech Co. Ltd.
Which Key Developments Are Influencing the Automotive Automatic Transmission Market?
Key industry players in the automotive automatic transmission market are striving to establish their dominance by creating advanced systems like intelligent clutch heat mapping algorithms. This particular algorithm is a high-tech software-based mechanism incorporated into automotive automatic transmission systems to enhance clutch performance by tracking and fine-tuning its operation. For instance, ZF India, a branch of ZF Friedrichshafen AG situated in India, which is known for making and distributing comprehensive hydraulic power steering systems, introduced the EcoTronic Mid Automated Manual Transmission (AMT) system for commercial usage in July 2022. This system provides data to boost the effectiveness of fleet operations. With a 'rock-free' mode for seamless driving in tricky conditions, the system in question helps the clutch last twice as long and extends the lifespan of the gearbox, all leading to less downtime for the vehicle. This domestically produced transmission system is suitable for various uses, including road transportation, public transport, and mining, ensuring ease of use and dependability.
How Is the Segmentation of the Automotive Automatic Transmission Market Defined?
The automotive automatic transmission market covered in this report is segmented -
1) By Type: Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Continuously Variable Transmission
2) By Fuel Type: Gasoline, Diesel, Hybrid
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Subsegments:
1) By Automatic Transmission: Conventional Automatic Transmission (Torque Converter), Multi-Speed Automatic Transmission
2) By Automated Manual Transmission: Single-Clutch Automated Manual Transmission, Multi-Clutch Automated Manual Transmission
3) By Dual Clutch Transmission: Dry Dual Clutch Transmission, Wet Dual Clutch Transmission
4) By Continuously Variable Transmission: Hydraulic CVT, Electric CVT, Belt-Chain CVT
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What Is the Leading Region in the Automotive Automatic Transmission Market?
North America was the largest region in the automotive automatic transmission market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive automatic transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Automatic Transmission Global Market Report?
- Market Size Analysis: Analyze the Automotive Automatic Transmission Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Automatic Transmission Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Automatic Transmission Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Automatic Transmission Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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