Automotive Transmission Market Potential Growth, Share, Demand And Analysis Of Key Players - Research Forecasts To 2030
Automotive Transmission System Market Summary -
The high shelf shifting potential offered by automobile
transmission can prompt the expansion of the automobile Automatic Transmission Market 2022, reveals
Market Research Future (MFRF). The high efficacy of process of the transmission
of power from the engine across the wheels, automatically by the change in gear
ratios can add a competitive advantage to the automotive automatic transmission
system world market. With the assistance of automotive automatic transmission
system, a vehicle can move from one point to another without the requirement
for shifting of gears manually.
The slashing in manual labor and increase in convenience of
operations can act as strong boosters for the rise of the automotive automatic
transmission system market. An internal combustion engine is used to cause
rotation of automatic automotive transmission system at high RPM can support
the rise of the automatic transmission system worldwide market. The variation
in speed range and different torque outputs are beneficial in case where
vehicles move in heavy traffic condition. The rise in world population and
increase in traffic congestion can support the growth of the automotive
automatic transmission market. global automotive automatic transmission system
market can expand at 6% CAGR by Forecast Period.
Top Giant Market Players
Aisin Seiki Co. Ltd. (Japan), Allison Transmission Inc.
(U.S.), BorgWarner Inc. (U.S.), Continental AG (Germany), GKN PLC (U.K.), Eaton
Corporation PLC (Ireland), Magna International Inc. (Canada), Jatco Ltd.
(U.S.), and Schaeffler AG (Germany) are some of the leading players operating
in this market.
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Top Impacting Factors
Automotive transmission framework highlights various
gadgets, by which seamless gearshifts ensue. The high torque is transmitted
from the engine to the live axle of an automobile through the drive shaft. Each
component, such as shafts, gears, and other useful accessories, takes pride in
delivering motion to the automobile. These components impart velocity to the
car and are directly related to the speed ratio of the cars. All these features
have stood up as essential factors motivating the market and its growth to a
great extent.
The demand for automatic transmission vehicles has been
growing for over the past three years, mainly in the developing countries of
India and China, owing to heavy traffic and congestion and overcrowded streets.
The expansion drivers for the automotive transmission market are attributed to
the growing demand for the automatic transmission that offers fuel-efficient,
lightweight, and comfortable driving experience in exploding traffic congestion
situations in growing cities.
With this, the escalating spending capacity of the
middle-class population in developing countries, stringent regulations for
controlling fuel emission, rising demand of electric vehicles encouraging the
electrification of transmission systems are transforming the industry growth at
a high pace.
On the contrary, the factor of the higher cost of installing
technically advanced systems and limited use of high-end technology is known to
be restricting the sales of the market. This would result in risking the
market’s growth to lessen up the forecast period.
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Segmentation of Market: Automotive Transmission
The global automotive transmission market has further been
segmented along the following lines:
The segmented study of the global automatic transmission
market offers insight on the growth prospects of the market. Type, fuel, and
vehicle type are parameters on which the automotive automatic transmission
system market study is based.
In the type segment, the automotive automatic transmission
system market comprised of Automated Manual Transmission (AMT), Dual-Clutch
transmission (DCT), and Continuously Variable Transmission (CVT).
In the vehicle type segment, the automotive automatic
transmission system market has included passenger cars, HCV, and LCV.
In the fuel type segment, the automotive automatic
transmission system comprised of gasoline, diesel, and hybrid.
Regional Front
Asia-Pacific leads the global automotive transmission market
owing to factors such as growth in the production of passenger cars and LCV in
the developing economies. Many OEMs are keen to open the production facilities
in this region, especially in emerging nations such as China and India.
The North America region is probable to be the
second-largest market during the foretell period. The rising demand for
Automatic manual transmission (AMT) across the region is likely to boost
industry growth. Also, the sophisticated manufacturing hubs and market in terms
of technology is likely to strengthen the market growth further. The market in
North America likewise is likely to display a promising pace of expansion
inferable from the favoritism for vehicles with sophisticated transmission
frame-works, adding to market growth.
Europe is weaning towards comfort and energy efficacy in
vehicles, so there is substantial market growth in these regions. The new
market trend catching on like wildfire is n-speed automatic systems where n is
the number of forwarding gears.
In fact, the popularity of traveler vehicles crosswise over
developing economies, mainly in India and China, are sound examples of the
growth of the market. The market in the Asia Pacific is possibly going to rise
most rewardingly.
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