- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2019 to 2026
According to the report, the global Auto Transmissions market was valued at approximately USD 61,424 million in 2019 and is expected to generate revenue of around USD 86,917 million by 2026, growing at a CAGR of roughly 5.12% from 2019 and 2026.
An automatic transmission, also called auto, self-shifting transmission, n-speed automatic (where n is its number of forwarding gear ratios), or AT, is a type of motor vehicle transmission that can automatically change gear ratios as the vehicle moves, freeing the driver from having to shift gears manually.
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Key players in the Auto Transmissions market cover SAIC, Chongqing Tsingshan, Volkswagen, Aisin, Zhejiang Wanliyang, Shaanxi Fast, JATCO, GETRAG, Honda, Chery, Anhui Xingrui, MOBIS, Geely, Shanghai GM Dongyue, Harbin Dongan, Shandong Menwo, Inner Mongolia OED, Shanxi Datong, DPCA, and Nanjing Punch.
Drivers and Restraints
Increasing emission standards worldwide is one of the key reasons driving the growth of the automotive transmission market. Gasoline engines emit toxic gasses and particles that are hazardous to the environment. Rising pollution and global warming effect have led to the implementation of various government regulation relating to vehicular emissions. Such guidelines have enforced the component suppliers to produce high-efficiency environment-friendly transmission systems for domestic and international markets. Further, growing adoption for Automatic Manual Transmission (AMT) in the automotive industry is expected to fuel the demand over the forecast period. AMT is more efficient than other transmission systems and is easy to manufacture at low cost. Increasing adoption of AMT across compact cars segment is anticipated to grow further over the next few years. Growing prominence for electrified transmissions among automotive manufacturers is expected to witness increasing penetration across regions including Europe and North America. Rising focus on hybrid vehicles and their positive impact on fuel economy and emissions in these regions will contribute to the adoption of the transmission systems.
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Forecast by Geography
Asia-Pacific dominates the automotive transmission market with a share of 38.75%, and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for alternative fuel passenger cars in recent years, with China and Japan as the frontrunners. Governments in the region are also trying to promote the sales of alternative fuel vehicles through incentives and tax deductions. North America is currently leading Europe with a share of 25.31% and 24.75%.
Type Segment Analysis
Based on the type, the Auto Transmissions market is divided into AMT, AT, and MT.
AT leading the automotive transmission market due to the growing demand for low carbon footprint technologies such as (continuously variable transmission) CVT and dual-clutch transmission (DCT)
Application Segment Analysis
Based on application, the Auto Transmissions market can be segmented into Commercial and Passenger.
The automotive transmission market for the passenger car segment has the highest share in terms of value and volume as compared to other vehicle segments in 2018. The overall increased automobile production across the world has led to an increase in the automotive transmission market.
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- Auto Transmissions manufacturers
- Distributors and resellers of Auto Transmissions
- Auto Transmissions industry associations
- Product managers, Auto Transmissions industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
- Raw material suppliers of Auto Transmissions