Press release
Automotive Transmission Market Size, Trends & Growth Forecast 2024-2031 | JATCO Ltd , Eaton Corporation, Hyundai Transys.
Global Automotive Transmission Market reached US$ 96.67 billion in 2023 and is expected to reach US$ 154.14 billion by 2031, growing with a CAGR of 6.01% during the forecast period 2024-2031.Automotive Transmission Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Automotive Transmission Market focuses on the development and production of systems that transmit power from a vehicle's engine to its wheels, ensuring smooth and efficient driving performance. This market includes manual, automatic, semi-automatic, and continuously variable transmissions (CVT). Driven by demand for fuel efficiency, advancements in electric vehicles, and increasing adoption of advanced transmission technologies, the market is growing across the automotive sector.
List of the Key Players in the Automotive Transmission Market:
Aisin Corporation, ZF Friedrichshafen AG, Magna International Inc., JATCO Ltd , Eaton Corporation, Hyundai Transys, Allison Transmissions, Schaeffler AG, BorgWarner Inc., Vitesco Technologies and GKN Automotive.
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Industry Development:
In December 2023, ZF Friedrichshafen AG augmented its local manufacturing of transmissions and axles in Coimbatore, India. This project includes the establishment of a new facility that will serve both the domestic and select export automotive transmission markets. The company aims to meet consumer expectations by addressing the growing demand for intelligent systems, sustainable technology, and rapid development cycles.
In September 2023, Aisin Corporation showcased a range of electrification technologies and advancements at the 2023 Detroit Auto Show. These included upgraded axles designed for better energy economy, a 1-motor Hybrid Transmission, and a 2-motor Hybrid System aimed at enhancing performance.
Growth Forecast Projected:
The Global Automotive Transmission Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Automotive Transmission Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Automotive Transmission Market:
By Engine: IC Engine, Electric.
By Type: Manual, Automatic, Automated Manual Transmission (AMT), Others.
By Fuel Type: Gasoline, Diesel, Others.
By Vehicle Type: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle.
Regional Analysis for Automotive Transmission Market:
The regional analysis of the Automotive Transmission Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Automotive Transmission market?
➠ Who are the leading manufacturers in the global Automotive Transmission industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Automotive Transmission industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Automotive Transmission market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
Browse More Reports: https://www.datamintelligence.com/research-report/automotive-transmission-market
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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