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Global Automotive Transmission Systems Market: Demand for Fuel-efficient Vehicles to Fortify Growth, finds TMR Research
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However, certain technical limitations on the part of CVT systems and expensive cost of dual-clutch transmission (DCT) systems could bring down the installation rate in commercial automobiles on a global platform. Moreover, performance gaps and extortionate maintenance cost are expected to limit the growth of the world automotive transmission systems market. Nevertheless, industrial players could leverage the elevated demand for hybrid automobiles with a view to counter for the loss in demand in the market. Besides this, transmission systems are yet to be explored by automobile manufacturers in less developed nations such as India and Brazil, which is again a great opportunity to bank on.
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The authors of the report are projected to segment the international automotive transmission systems market based on type, which brings to light the future and current statuses of two broad categories, viz. CVT and DCT systems. Since customers around the world have different needs and preferences, the demand could be diversified in the market. For instance, the DCT installation rate could be bolstered with the discontinuation of CVT systems in Europe, whereas Asia Pacific and North America could see a higher installation rate of CVT systems compared to that of DCT systems. Other regions such as the Middle East and Africa and Latin America are also likely to be studied in the publication.
The development of automotive transmission systems is researched to have birthed from constant research and development activities directed toward the improvement of automobile performance, compliance with carbon emission norms, and minimization of transmission power response time.
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The analysts have foreseen several commanding companies looking to attain a dominant position in the global automotive transmission systems market. These could include Hofer Powertrain GmbH, GKN Driveline, Aisin AW Co. Ltd., Fiat Powertrain, and BorgWarner, Inc. Buyers of the report are predicted to be exposed to some of the most decisive forces responsible for shaping the competitive landscape of the market in the present and future time.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
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