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Automotive Automatic Transmission Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Automotive Automatic Transmission Market
What Is the Current Automotive Automatic Transmission Market Size and Its Estimated Growth Rate?
The automotive automatic transmission market has grown strongly, with projections to increase from $67.44 billion in 2024 to $72.9 billion in 2025 at a CAGR of 8.1%. Contributing factors include hybrid system integration, rising preference for automatic vehicles, focus on fuel efficiency, driver convenience, and global automotive industry growth.
The automotive automatic transmission market is expected to grow to $98.6 billion in 2029 at a CAGR of 7.8%, fueled by EV adoption, ADAS integration, emission regulations, shared mobility growth, and lighter, efficient transmission innovations. Trends include DCT and CVT preference, transmission system advancements, predictive maintenance, system connectivity, and subscription-based upgrades.
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How Are Emerging Segments Shaping the Automotive Automatic Transmission Market Landscape?
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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Which Growth Factors Are Influencing Automotive Automatic Transmission Market Expansion?
The increasing shift toward electric vehicles is expected to boost the growth of the automotive automatic transmission market. Electric and hybrid vehicles are designed to reduce environmental impact and increase energy efficiency. The growing popularity of EVs is driven by environmental concerns, government incentives, advancements in battery technology, and consumer demand for fuel efficiency. Automotive automatic transmission systems in EVs help optimize power delivery and driving performance. The International Energy Agency reported in April 2023 that global electric car sales surged by 3.5 million units, a 35% year-on-year increase.
Who Are the Dominant Players Across Different Automotive Automatic Transmission Market Segments?
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.
What Automotive Automatic Transmission Market Trends Are Gaining Traction Across Different Segments?
Companies in the automotive automatic transmission market are developing systems like intelligent clutch heat mapping algorithms to optimize clutch performance and reduce vehicle downtime. These systems monitor and improve the operation of the clutch mechanism. In July 2022, ZF India launched the EcoTronic Mid Automated Manual Transmission system, designed to improve fleet efficiency, extend clutch life, and reduce vehicle maintenance.
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Which Geographic Regions Are Expected to Dominate the Automotive Automatic Transmission Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Automatic Transmission Market?
2. What is the CAGR expected in the Automotive Automatic Transmission Market?
3. What Are the Key Innovations Transforming the Automotive Automatic Transmission Industry?
4. Which Region Is Leading the Automotive Automatic Transmission Market?
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