The global demand for Automotive Transmission Market is presumed to reach the market size of nearly USD 545.04 BN by 2030 from USD 287.58 BN in 2022 with a CAGR of 8.32% under the study period 2023 - 2030.
The automotive transmission is a network of power transmission that enables regulated power applications. Gears and gear trains are used to transmit speed and torque from a rotating power source to another unit. Automatic transmissions automatically handle drive-away, gear ratio selection, and gear shifting through four or five forward speeds. A typical automotive automatic transmission consists of a hydrodynamic three-element torque converter with a locking clutch, a planetary-gear system with overdrive in a fourth or higher gear, and a hydraulic or electrohydraulic control system.
Market Dynamics
The global market is fueled by an increase in the number of passenger automobiles and a growing desire for fuel-efficient vehicles. The increasing preference for lightweight transmission systems, the rising demand for smooth gear shifting and a better driving experience, and greater collaboration among local producers are factors that would likely boost the growth of the automotive transmission market. Rapid technological improvements in automobile transmission production are projected to drive market expansion. Furthermore, the market is expected to be pushed forward by the increasing usage of Continuously Variable Transmission (CVT) and Dual Clutch Transmission (DCT) technologies over manual and automatic systems due to a shift in demand for fuel-efficient goods with more excellent performance. Additionally, the growing demand for electric vehicles and adopting continuously variable transmission as technology will create new growth opportunities in the automotive transmission market. However, raw material price volatility and the high costs associated with system usage act as market restrictions for automotive transmission.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive transmission. The growth and trends of automotive transmission industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive transmission market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Transmission Type
By Fuel Type
By Vehicle Type
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Transmission market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Transmission Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive transmission market include Aisin Seiki Co., Ltd., Allison Transmission, Inc., BorgWarner Inc., Continental AG, Eaton Corporation PLC, Getrag, GKN PLC, Jatco Ltd., Magna International, Inc., ZF Friedrichshafen AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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