As per a detailed analysis by Market Research Future (MRFR), the global automotive transmission market is anticipated to register a CAGR of 6% during the forecast period (2017-2023). The transmission system can be defined as the mechanism through which the process of transferring the power from the engine to wheels by using automatically changing gear ratios takes place. It uses a set of gears or pulleys to ensure the alternating torque and speed from engine to the wheel of a particular vehicle.
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Key Players
The key players in the global automatic transmission system market include Aisin Seiki Co., Ltd. (Japan), Allison Transmission (USA), BorgWarner Inc. (USA), Continental AG (Germany), Eaton Corporation PLC (Republic of Ireland), GETRAG (Germany), GKN PLC (UK), JATCO Ltd. (Japan), Magna International Inc. (Canada), and ZF Friedrichshafen AG (Germany).
Global Automotive Transmission Market: Segmental Analysis
The automotive transmission market is segmented on the basis of type, vehicle type, and fuel type.
By mode of type, the automotive transmission market is segmented into manual, automatic, continuous variable transmission (CVT), automatic manual transmission (AMT), and dual clutch transmission (DCT).
The vehicle type of automotive transmission market comprises light commercial vehicle (LCV), heavy commercial vehicle (HCV), and passenger car. Among these, the passenger car segment is estimated to acquire the highest share in terms of volume and value. The increasing demand for passenger vehicles due to rising purchase power is driving the revenue growth of the segment.
Based on fuel type, the market is bifurcated into diesel, gasoline, and others.
Regional Analysis
The regional segmentation of the global automatic transmission system market segments the market into continent-based regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). According to the report, North America holds the lion’s share in the global automatic transmission system market. This is primarily due to unpopular public transport in the United States of America (USA) because of which more people use their personal vehicles. Passenger vehicles in the USA are required to cover huge distances and thus, hassle-free automatic transmission is preferable over a manual transmission. Canada is another important country-specific market in this region.
In Europe, the number of people using public transport is higher than the number of such people in North America. And the population of Europe is also higher than in North America. Therefore, Europe is a significant market. Country-specific markets generating maximum revenue in Europe are France, Germany, Italy, and the United Kingdom (UK). According to the research report, the Asia Pacific region has been estimated to emerge as the fastest growing market because automobile sales are registering the highest growth rate in this region. This is lowering dependence on public transport in this region and the preference for family cars is rising. The key country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
Latest Industry News
Allison Transmission has begun production of 1000 Series™ and 2000 Series™ fully automatic transmissions that have been specifically designed for Chevrolet’s highly-anticipated Silverado 4500HD/5500HD/6500HD medium-duty trucks. These transmission systems offer commercial-duty features more common to heavy-duty trucks. 22 OCT 2018
ZF has introduced new electrified Automated Manual Transmission (eAMT) technology that is the outcome of the hybridization of front-transverse vehicles. This hybrid technology integrates the company’s electric axle drive system (eVD) and an automated manual transmission (AMT) into one system. 18 JUNE 2018
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LIST OF TABLES
TABLE 1 GLOBAL AUTOMOTIVE TRANSMISSION MARKET, BY TYPE
TABLE 2 GLOBAL AUTOMOTIVE TRANSMISSION MARKET, BY VEHICLE TYPE
TABLE 3 GLOBAL AUTOMOTIVE TRANSMISSION MARKET, BY FUEL TYPE
TABLE 4 GLOBAL AUTOMOTIVE TRANSMISSION MARKET, BY REGION
TABLE 5 ASIA-PACIFIC AUTOMOTIVE TRANSMISSION MARKET, BY TYPE
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 GLOBAL AUTOMOTIVE TRANSMISSION MARKET: BY TYPE
FIGURE 3 GLOBAL AUTOMOTIVE TRANSMISSION MARKET: BY VEHICLE TYPE
FIGURE 4 GLOBAL AUTOMOTIVE TRANSMISSION MARKET: BY FUEL TYPE
FIGURE 5 GLOBAL AUTOMOTIVE TRANSMISSION MARKET: BY REGION
Continued…….
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