Revving Up the Future: Global Automotive Transmission Market Accelerates with a Projected CAGR of 6.87%
In a dynamic turn of events, the Automotive Transmission Market is set to hit the road with roaring growth, valued at a staggering US$ 56.07 billion in 2022. Buckle up, as the market is projected to surge at a robust CAGR of 6.87% over the forecast period, fueling innovations and advancements in the automotive industry.
Transmission Excellence Unleashed:
The Automotive Transmission Market serves as the powerhouse behind vehicles, seamlessly connecting engines to drive wheels with a goal to propel cars swiftly from a standstill while maintaining peak engine efficiency across varying speeds. This intricate mechanism comprises components such as hydraulic systems, computer-controlled input shafts, transmission pumps, and more. Among these, the Automated Manual Transmission (AMT) system emerges as a game-changer, ensuring drivers are always in the right gear at the right moment, contributing significantly to fuel efficiency.
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Research methodology:
This report estimates and validates the size of the global Automotive Transmission market using top-down and bottom-up methodologies. In order to compile a comprehensive list of current and notable participants, players strictly abide by a range of industry classification requirements. The market companies that are most relevant to the inquiry are chosen after a thorough validation procedure. Priority rankings are arranged in accordance with the revenue from the most recent quarter using subscription databases like Factiva, Bloomberg, and others. Last but not least, a survey that focuses on the key target categories was especially created to meet all requirements for primary data collection by appointment only. This makes it easier for us to collect information on a range of issues, such as player earnings, operating expenses, profit margins, and the growth of different goods and services. A variety of secondary sources, including the World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and more are used to validate roughly 70-80% of the data before it is utilized.
Automotive Transmission Market Dynamics:
Examining the key market dynamics in both developed and developing regions of the globe is achievable with the use of MMR Analysis, a focused and practical research methodology. To help customers and businesses flourish in specialised industries and expand in new global marketplaces, MMR specialists also conduct in-depth studies of geographic locations. The dynamic Player landscape that affects the market’s development is also discussed in this market research analysis.
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Automotive Transmission Market Segment:
by Transmission Type
Automatic Transmission
Manual Transmission
Automated Manual Transmission
Continuously variable transmission
Dual Clutch Transmission
With the greatest CAGR of during the projected period, the Automatic Transmission segment is leading the market in terms of transmission type. Fuel efficiency and removing the driver’s behavioural influence on the vehicle are the driving forces behind the need for automated transmissions (ATs) and automated manual transmissions (AMTs). The market for advanced gearbox technologies is expected to grow significantly as automated driving systems supplant mechanical ones more frequently. Automatic gearbox systems use a fluid coupling system between the engine and clutch. The gearbox is identical to that of a manual gearbox system.
by Number Of Forwarding Gears
Less Than 5
5-6
7-8
9-10
Above 10
CVT
by Vehicle Type
PCs
LCVs
Trucks
Buses
The market is dominated by the Passenger Car segment, which has the highest CAGR over the forecast period, based on vehicle type. The fluctuating price of petrol and the condition of the transportation infrastructure impact the demand for passenger cars. Additionally, the passenger car market has benefited from advancements in transmission technology, which have led to increases in general comfort, driving enjoyment, and fuel efficiency. These improvements have propelled the sector’s growth from 4-speed automatic transmissions to 8- and 9-speed automatic transmissions.
by Hybrid Vehicle
PHEV
HEV
by Fuel Type
Diesel
Gasoline
The petrol segment is leading the market in terms of compound annual growth rate (CAGR) over the forecast period. Gasoline-powered cars essentially meet all emission standards. They are less gas-producing and more effective than their diesel counterparts. Comparing gas engines to diesel engines, gas engines are more organised and generate less gas. The division is anticipated to expand during the anticipated period due to the rising demand for petrol in nations like China, India, and the United States.
by Two-Wheeler Transmission Type
Manual
Automatic
Automotive Transmission Market Key players:
1. ZF Friedrichshafen AG
2. Continental AG
3. Allison Transmission
4. Magana International Inc.
5. Eaton Corporation
6. Borg Warner
7. Aisin Seiki
8. JATCO
9. Schaeffler AG
10. Hyundai Dymos
11. Bonfiglioli RIDUTTORI S.P.A.
12. Magneti Marelli S.P.A.
13. Aichi Machine Industry Co. Ltd
14. Vitesco Technologies
15. GKN Automotive
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Regional Dominance:
The Asia Pacific region is in the driver’s seat, leading the market with the highest share in 2022. The region’s rapid automotive industry growth, supported by affordable labor, burgeoning economies, and strict emission regulations, positions it as a key player in the automotive transmission market. Anticipated increased vehicle sales, particularly in countries like South Korea, India, Japan, and China, will further propel market growth in the region.
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