Automotive Transmission Industry Outlook 2025-2029: Market Set to Cross $182.96 Billion Milestone

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How Large Will the Automotive Transmission Market Size By 2025?
There has been significant expansion in the automotive transmission market size in the past few years, with a projected growth from $131.61 billion in 2024 to $140.96 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.1%. This commendable growth during the historic period can be credited to a surge in worldwide automobile manufacturing, a growing inclination of consumers towards automatic transmissions, strict governmental rules regarding fuel efficiency and emissions, an ascent in disposable incomes and enhanced living standards, along with substantial investments poured into research and development for innovative transmissions.

How Big Is the Automotive Transmission Market Size Expected to Grow by 2029?
In the coming years, the automotive transmission market is predicted to witness robust growth, reaching $182.96 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. The increase during the projection period can be linked to ongoing advancements in electric vehicle (EV) transmissions, the surging needs for vehicles that are fuel-efficient and emit low emissions, expansion of automotive industries in emerging economies, the rising adoption of Advanced Driver Assistance Systems (ADAS), and government support for green technology development. Key trends expected over the forecast period include a shift towards hybrid and fully electric vehicle transmissions, development of compact, lightweight transmission systems, integration of intelligent and connected transmission technologies, greater emphasis on transmission longevity and performance, and technological progression in transmission systems.

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Which Key Market Drivers Powering Automotive Transmission Market Expansion and Growth?
The projected rise in demand for electric and hybrid vehicles is anticipated to be a key growth driver for the automotive transmission market. Vehicles that utilize hybrid or electric propulsion systems, either wholly or in conjunction with traditional internal combustion engines, are designed to minimize emissions and improve fuel efficiency. This demand is influenced by increased environmental consciousness, government incentives, and advancements in battery technology. Automotive transmission systems have a crucial role in these vehicles, managing the flow of power between electric motors, batteries, and internal combustion engines to maximize efficiency and performance. To illustrate, data from The International Energy Agency (IEA), an autonomous intergovernmental organization based in Europe, revealed a significant surge in global electric car sales of 3.5 million units in 2023, a substantial 35% increase from the previous year (2022). Thus, the amplified demand for electric and hybrid vehicles is fueling the expansion of the automotive transmission market.

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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Transmission Market?
In the automotive transmission market, major corporations concentrate on innovative products with features like crawl mode and hill-start assistance to stay ahead of the competition. These features improve the driving experience and safety by allowing for smoother starts on inclines and controlled maneuvering in congested cities or off-road situations. For example, the ZF Group, an automotive parts producer based in Germany, introduced the Transwin in October 2023. This automatic transmission for medium and heavy-duty trucks caters to a wide array of user needs and working conditions in China, with options such as 9-speed and 6-speed variants. The Transwin aims to cover various transportation needs, from long-distance to urban delivery, equipped with crawl mode and hill-start assistance for enhanced comfort while driving. It also features the latest software platform from ZF and the OptiDrive shift system for accurate gear shifts and optimal performance under all conditions.

What Are the Emerging Segments in the Automotive Transmission Market?
The automotive transmission market covered in this report is segmented -

1) By Transmission Type: Manual Transmission, Intelligent Manual Transmission (IMT), Automated Manual Transmission (AMT), Automatic Transmission (AT), Dual-Clutch Transmission, Other Transmission Types
2) By Engine: Internal Combustion (IC) Engine, Electric Engine
3) By Fuel Type: Gasoline, Diesel, Other Fuel Types
4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle

Subsegments:
1) By Manual Transmission: 5-Speed Manual Transmission, 6-Speed Manual Transmission, 7-Speed Manual Transmission, Other Manual Transmission Variants
2) By Intelligent Manual Transmission (IMT): Semi-Automatic IMT, Fully Automated IMT
3) By Automated Manual Transmission (AMT): Single Clutch AMT, Dual Clutch AMT
4) By Automatic Transmission (AT): Conventional Automatic Transmission, Continuously Variable Transmission (CVT), Torque Converter AT, Variable Torque Converter AT
5) By Dual-Clutch Transmission (DCT): 6-Speed DCT, 7-Speed DCT, 8-Speed DCT
6) By Other Transmission Types: Hybrid Transmission, Electric Vehicle (EV) Transmission, Continuously Variable Planetary (CVP) Transmission, Single-Speed Transmission

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Who Are the Global Leaders in the Automotive Transmission Market?
Major companies operating in the automotive transmission market are Volkswagen, Toyota Motor Corporation, Ford Motor Company, General Motors Co., Honda Motor Co. Ltd., Nissan Motor Co. Ltd., Caterpillar Inc., ZF Friedrichshafen AG, Magna International Inc., Aisin Corporation, Chang'an Automobile Co. Ltd., BorgWarner Inc., American Axle & Manufacturing Inc., FAW Group Corp. Ltd., CLAAS, Allison Transmission Holdings Inc., Kalyani Technoforge Limited, TREMEC Corporation, Link Engineering Company, JATCO Ltd., Solero Technologies LLC, IMS Global Gear Machining LLC, Avtec Limited, Shanghai Automotive Transmission Co. Ltd., Hyundai Kefico Corporation, Colotti Trasmissioni, Gimec Trasmissioni S.r.l.

Which are the Top Profitable Regional Markets for the Automotive Transmission Industry?
Europe was the largest region in the automotive transmission market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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