openPR Logo
Press release

Automotive Transmission Market is Anticipated to Expand upto $174.77 Billion in 2029

09-09-2025 08:11 AM CET | Logistics & Transport

Press release from: The Business Research Company

Automotive Transmission Market

Automotive Transmission Market

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What Is the Forecasted Market Growth Rate of the Automotive Transmission Industry?
In recent times, the automotive transmission market has seen substantial growth. The market size, which presently stands at $131.61 billion in 2024, is projected to escalate to $139.14 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.7%. The surge witnessed in the historic period can be pinpointed to multiple factors such as global increment in automobile production, heightened customer preference for automated transmissions, regulations imposed by governments on fuel efficiency and emissions. Additionally, elevated disposable incomes, improved living conditions, and increases in research and development investments for transmission innovations also contribute to this growth.

How Will the Automotive Transmission Market Size Evolve From 2025 to 2029?
The car transmission market is poised for robust growth in the coming years, with a projected value of $174.77 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.9%. The expected growth during the forecast time-frame is linked to consistent advancements in electric vehicle (EV) transmissions, escalating demand for fuel-efficient vehicles with lower emissions, the swelling of automobile sectors in developing countries, the rising uptake of sophisticated driver-assistance systems (ADAS), and government funding for evolving green technologies. Key trends anticipated during the forecast period encompass a shift towards hybrid and entirely electric vehicle transmissions, the creation of lightweight and compact transmission systems, the incorporation of intelligent and interconnected transmission technologies, an intensified focus on transmission longevity and effectiveness, and technological progress in transmission systems.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-transmission-global-market-report

What Are the Main Growth Drivers in the Automotive Transmission Market Today?
The growth of the automotive transmission market is anticipated to be boosted by the escalating demand for electric and hybrid vehicles. These types of vehicles, which use electric propulsion systems either on their own or in tandem with traditional internal combustion engines, are increasing in popularity due to their reduced emissions and improved fuel efficiency. Factors such as growing environmental consciousness, government incentives, and advancements in battery technology are driving this burgeoning demand. Automotive transmission systems play a critical role in these vehicles, regulating power distribution among electric motors, batteries, and internal combustion engines to enhance efficiency and performance. For example, The International Energy Agency (IEA), an independent intergovernmental organization based in Europe, reported in April 2023 that global electric car sales remarkably rose by 3.5 million units in 2023 compared to 2022, which equates to a significant 35% increase year-on-year. Consequently, the surge in demand for electric and hybrid vehicles is fueling the expansion of the automotive transmission market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15989&type=smp

Which Automotive Transmission Market Segment Is Expected to Lead Through 2029?
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

Which Market Trends Are Expected to Dominate Automotive Transmission Industry Growth?
In an effort to achieve a competitive edge, key players in the automotive transmission market are concentrating on introducing products with advanced technologies and features like crawl mode and hill-start assistance. These features significantly improve driving ease and safety, allowing for smoother start-ups on inclines and efficient low-speed navigation in traffic-heavy or off-road settings. For example, the ZF Group, a German automotive parts producer, unveiled the Transwin in October 2023. This automatic transmission, designed for medium and heavy-duty trucks in China, features both 9-speed and 6-speed variants, catering to a range of user needs and operating environments. It targets various transport situations including long-distance and city deliveries, offering features like crawl mode and hill-start assistance for improved driving comfort. The Transwin system includes ZF's latest software platform and OptiDrive shift system for precise gear shifts and optimal performance across all driving conditions.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=15989&type=smp

Which Companies Hold the Largest Market Share in the Automotive Transmission Sector?
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.

Where Is the Automotive Transmission Market Experiencing the Highest Growth?
Europe was the largest region in the automotive transmission market in 2024. 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.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Transmission Market is Anticipated to Expand upto $174.77 Billion in 2029 here

News-ID: 4174863 • Views:

More Releases from The Business Research Company

Future of Automotive E-Compressor Market: Size, Share & Forecasts to 2029
Future of Automotive E-Compressor Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What Is the Projected Market Size Valuation of the Automotive E-Compressor Market by 2025? Over the recent years, the market size of automotive e-compressors has witnessed a significant surge. Expected to increase from $2.48 billion in 2024 to $3.02 billion in 2025, the market is set to experience a compound annual
Flex Fuel Vehicle Market on Path to Hit $91.74 Billion by 2029 at 4.4% CAGR
Flex Fuel Vehicle Market on Path to Hit $91.74 Billion by 2029 at 4.4% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide. Flex Fuel Vehicle Market Outlook: What Size And CAGR Are Anticipated By 2025? The market size for flex fuel vehicles has been experiencing consistent growth in the recent past. It is projected to rise from a value of $73.82 billion in 2024, to a significantly higher $77.31 billion in 2025,
Automotive Seat Heater Market Size Forecast: $3.74 Billion by 2029 | Global Outlook
Automotive Seat Heater Market Size Forecast: $3.74 Billion by 2029 | Global Outl …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What Is the Projected Market Size Valuation of the Automotive Seat Heater Market by 2025? There has been a consistent increase in the size of the automotive seat heater market in recent years. The market is projected to rise from a previous value of $2.91 billion in 2024 to a new
Automotive Bearing and Clutch Component Aftermarket Market Analysis: $6.62 Billion by 2029 With a CAGR of 4.8%
Automotive Bearing and Clutch Component Aftermarket Market Analysis: $6.62 Billi …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. Automotive Bearing and Clutch Component Aftermarket Market Value Projection: How Much Will the Market Size by 2025? There has been steady growth in the size of the automotive bearing and clutch component aftermarket market in the past few years. From $5.24 billion in 2024, it is predicted to escalate to $5.48

All 5 Releases


More Releases for Transmission

Belton Transmission Offers Local Advantage in Remanufactured Transmission Distri …
Image: https://www.globalnewslines.com/uploads/2025/05/1746464524.jpg From Maintenance to Repairs, We Do It All-Belton Transmission and Complete Auto Repair Belton, MO - May 6, 2025 - When it comes to transmission services, not all auto shops are created equal. At Belton Transmission and Complete Auto Repair, we're proud to offer local distribution of high-quality remanufactured transmissions - a service that brings unmatched convenience and reliability to our community and industry partners throughout the Kansas City
Automotive Transmission Engineering Services Outsourcing Market by Transmission …
Automotive Transmission Engineering Services Outsourcing market is expected to reach USD 19.02 billion by 2027 and witnessing market growth at a rate of 6.5% in the forecast period of 2020 to 2027. The Automotive Transmission Engineering Services Outsourcing report assists to attain an extreme sense of evolving industry movements before the competitors. The report presents the data and information for actionable, most modern and real-time market insights about Automotive Transmission
Automotive Clutch Market Forecast to 2028 Covid-19 Impact and Global Analysis by …
A clutch is a mechanical device which connects and disconnects the power transmission from one driving shafts to other driven shafts. With rapid automobile sales across the world, consumer demand for effective transmission modes, thereby demands automotive clutch is expected to grow significantly in the near future. Due to the presence of prominent manufactures in developed countries is expected to lead the market in terms of revenue and volume. Sample PDF
Transmission Repair Market to 2025 - Leading Players BorgWarner, Continental AG, …
Transmission Repair Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid
Global Transmission Repair Market - Allison Transmission, Schaeffler, Continenta …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Transmission Repair Market – By Components (Gaskets and Seals, Fluids, Transmission Filters, O-Rings, Axles), By Repair Type (Transmission General Repair, Transmission Overhaul), By Vehicle Type (Passenger Car, Light Commercial Vehicle) & Global Region - Market Size, Share, Trends and Forecast 2018-2023” research report will include all the major trends and technologies that play an important
Wireless Power Transmission Market segmentation is based on application, technol …
Wireless power transmission (WPT) or wireless power transfer refers to the transfer of energy or power from one place to another without being connecting through wires. In this, electromagnetic energy is transferred from power sources to electric loads. Wired transmission is the most commonmode of transmitting electrical energy. Its main drawback, the loss of energy during transmission, drives the demand for wireless power transmission. Being fast and consistent, WPT can be