Global Automotive Transmission Market, By Fuel Type (Gasoline, Diesel), Number of Forward Gears (Less Than 5, 5 – 6, 7 – 8, 9 – 10, Above 10), Transmission Type (Manual Transmission, Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Continuously Variable Transmission), Sales Channel (OEM (Original Equipment Manufacturer), Aftermarket), Vehicle Type (Passenger Cars, Large Commercial Vehicles, Intermediate Commercial Vehicles, Heavy Commercial Vehicles, Off-Road, Construction, Defence, Farm Tractors), Engine Type (IC Engine, Electric Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Automotive Transmission Market
Data Bridge Market Research analyses that the automotive transmission market would exhibit a CAGR of 10.50% for the forecast period.
By transferring the proper power from the engine to the wheels through the gearbox, the transmission system ensures a smooth and comfortable ride. Manual transmission and automatic transmission are the two most common types of transmission. A manual transmission is a vehicle system that relies on human intervention to adjust gears depending on the scenario. A vehicle's automatic transmission is a system that changes gears at different speeds without the intervention of a driver. It gives you a better driving experience and saves you money on gas than a manual transmission.
The rising preferences towards light weight transmission system will influence the growth rate of automotive transmission market during the forecast period of 2022-2029. The automotive transmission market is likely to grow significantly due to the rising adoption of advanced technologies. Also, increasing demand of smooth gear shifting and improved driving is a contributing factor to the growth rate of automotive transmission market. Furthermore, rise in infrastructure development and swift industrialization are the major market drivers that will have positive impact on the market’s growth rate. Some of the factors such as upsurge in the level of disposable income, and rising urbanization will further propel the market’s growth rate. The increasing collaboration among the domestic manufacturers will further cushion the growth of automotive transmission market.
Moreover, rising demand for hybrids and DCTS in HCVS and wide acceptance of CVT will carve the beneficial opportunities for the growth of automotive transmission market. Additionally, increase in the demand for hybrid electric vehicles and emerging new markets will act as significant market driver and hence further boost new opportunities for the market’s growth.
However, variability in the prices of raw materials and high cost associated with advanced transmission systems will stymie the revenue growth of automotive transmission market. The high cost of adoption and frequent maintenance of advanced transmission systems will pose major challenges for the growth of automotive transmission market. Also, reduction in costs for light weight and efficient transmission and severe impact of COVID-19 on manufacturing as well as supply chain operations of various industries will act as major market restrain that will further hinder the growth of automotive transmission market during the above mentioned forecast period.
This automotive transmission market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive transmission market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Transmission Market Scope and Market Size
The automotive transmission market is segmented on the basis of fuel type, number of forward gears, transmission type, sales channel, vehicle type and engine type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Automotive transmission market on the basis of fuel type has been segmented as gasoline, and diesel.
- Based on number of forward gears, automotive transmission market has been segmented into less than 5, 5 – 6, 7 – 8, 9 – 10, and above 10.
- On the basis of transmission type, automotive transmission market has been segmented into manual transmission, automatic transmission, automated manual transmission, dual clutch transmission, and continuously variable transmission.
- On the basis of sales channel, automotive transmission market has been segmented into OEM (original equipment manufacturer), and aftermarket.
- Based on vehicle type, automotive transmission market has been segmented into passenger cars, large commercial vehicles, intermediate commercial vehicles, heavy commercial vehicles, off-road, construction, defence, and farm tractors.
- Automotive transmission has also been segmented on the basis of engine type into IC engine, and electric vehicles.
Automotive Transmission Market Country Level Analysis
The global automotive transmission market is analysed and market size insights and trends are provided by country, fuel type, number of forward gears, transmission type, sales channel, vehicle type and engine type as referenced above.
The countries covered in the automotive transmission market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive transmission market due to the surging production of passenger vehicle and large commercial vehicles in this region. North America is expected to grow during the forecast period of 2022-2029 due to the increasing preferences towards automatic and manual transmission and increasing adoption of advanced technology in this region.
The country section of the automotive transmission market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Transmission Market Share Analysis
The automotive transmission market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive transmission market.
Some of the major players operating in the automotive transmission market are AISIN CORPORATION, Marelli Holdings Co., Ltd., Continental AG, ZF Friedrichshafen AG, Magna International Inc., Eaton., Schaeffler AG, BorgWarner Inc., JATCO Ltd, Allison Transmission Inc., GKN Automotive Limited, General Motors, Hyundai Motor India., Volkswagen, Xtrac Ltd, Honda Motor Co., Ltd, Fuji Electric Co., Ltd., and Bonfiglioli Transmissions Private Limited, among others.
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