Automotive Transmission Market Accelerates as Demand Soars Amidst Rapid Urbanization and Advancements in Vehicle Technology
In a dynamic turn of events, the Automotive Transmission Market is experiencing a significant upswing, recording a valuation of US$ 56.07 billion in 2022 and a projected growth rate of 6.87% over the forecast period. This surge is attributed to the intersection of rapid urbanization, technological advancements, and the increasing demand for fuel-efficient vehicles worldwide.
Opportunities:
Emission Control and Efficiency: Stringent government regulations on carbon emissions drive the industry towards developing more efficient transmission systems, offering opportunities for innovation and growth.
Challenges:
Price Volatility: Fluctuations in the prices of raw materials, particularly lightweight alloys, may impact market competition, potentially leading to quality variations and affecting the global car transmission market.
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Automotive Transmission Market Overview:
Maximize Market Research has unveiled a highly informative report on the Automotive Transmission Market. The research adopts a comprehensive and basic approach to analysing the market, taking into account subjective factors that can offer readers vital business perspectives. The report's market overview lets stakeholders explore the value chain structure, geographical analysis, applications, market size, and forecast.
Automotive Transmission Market Report Scope and Research Methodology:
The report primarily focuses on identifying major companies' key drivers and restraints, alongside a comprehensive evaluation of current competitive benchmarking and development prospects. The report offers a detailed analysis of the Automotive Transmission market trends, future insights, and recent market changes, encompassing demand chain, supply chain, and sales aspects. The report also includes vital information such as Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product in the Automotive Transmission market research.
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Automotive Transmission Market Segmentation:
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
In terms of vehicle type, the passenger car segment is leading the market and is expected to grow at the fastest rate over the forecast period. 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
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Automotive Transmission Market Key Players are:
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
Key questions answered in Automotive Transmission Market are:
What is the current growth rate of the Automotive Transmission Market?
Who are the key players in the Automotive Transmission Market?
What are the factors affecting growth in the Automotive Transmission Market?
What are the global trends in the Automotive Transmission Market?
What is the expected demand for different types of products in the Automotive Transmission Market during the forecast period?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Automotive Transmission Market Regional Insights:
In-depth assessment of the growth trend is done in the global Automotive Transmission market report according to regions. The report strategically segments the major regions, such as North America, Asia Pacific, Europe, South America, and the Middle East and Africa, all of which play a pivotal role in shaping the Automotive Transmission market at a global level.
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