Press release
Automotive Transmission Market Attracts Investor Interest with Unparalleled Growth Rates at 6%, 2022
Market Synopsis of Global Automotive Transmission:
The mechanism through which the transfer of power developed by the engine of automobiles to the driving wheels is called the transmission system. The automotive transmission system comprises of clutch, gearbox, propeller shaft, rear axle and wheels.
The major factors driving the market includes increase in the number of passenger cars and light weight commercial vehicles, growing demand for fuel efficient vehicles and increased preference for smooth driving experience by consumers. In addition, stringent regulatory norms especially in Europe has fueled the growth of the market. However, high cost of advanced transmission systems is the major restraint to the growth of market.
The Global Automotive Transmission Market is poised to grow at 6% CAGR through 2022.
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Regional Analysis of Global Automotive Transmission Market:
Asia-Pacific dominates the global automotive transmission market owing to factors such as growth in the production of passenger cars and LCV in the developing economies of the region. Many OEM’S are keen to open their production facilities in this region especially in the emerging nations such as China and India. North America is expected to be the second largest market during the forecast period. Increasing demand for Automatic manual transmission (AMT) across the region is expected to boost the industry growth. In addition, the sophisticated manufacturing hubs and market in terms of technology is expected to strengthen the market growth further.
Key Players:
Allison Transmission Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Ireland), GKN PLC (U.K.), Jatco Ltd. (U.S.), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany) and Schaeffler AG (Germany) are some of the leading players operating in this market.
Target Audience:
• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
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The report for Global Automotive Transmission Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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