Press release
Automotive Transmission System Market Size to Surge at the CAGR of 5% During 2017 - 2022
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Following assumptions on the global automotive transmission market are likely to define its future prospects,
During the next five years, adoption of manual transmission is expected to remain strong as compared to other type of transmission. The manual segment is expected to reach a market valuation of US$ 26,020 Mn by 2022, reflecting a steady CAGR.
By vehicle type, passenger car is expected to remain the largest segment of the market throughout the forecast period. Between 2017 and 2022, this segment is likely to create an absolute $ opportunity of US$ 5,897.2 Mn. Meanwhile, the LVC segment is expected to retain its second spot over 2022.
Based on fuel type, the diesel segment is expected account for a relatively larger value share of the market as compared to gasoline segment during the forecast period. The diesel segment is expected to ride at a moderate CAGR to reach US$ 30,821.5 Mn by 2022-end.
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The market for automotive transmission system in Asia Pacific excluding Japan (APEJ) is projected to remain highly attractive during the assessment period. Further, the region’s market is expected to expand at an impressive CAGR during 2017 to 2022. Europe and North America will remain the two other key regions as a number of leading OEMs and carmakers are based in countries such as Germany, France, the UK and the US.
Competition Tracking
Some of leading players operating in the global market for automotive transmission include Fuyao Glass Industry Group Co., Ltd., Saint-Gobain SA, Asahi Glass Co., Ltd., Nippon Sheet Glass Co. Ltd., Safelite Auto Glass, Guardian Industries, Xinyi Glass Group, Samvardhana Motherson Automotive Systems Group, Pilkington, Montaplast GmbH, Valeo S.A., and SL Corporation.
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