Automotive transmissions are critical components in vehicles, responsible for transmitting power from the engine to the wheels. They serve various purposes, enabling smooth gear changes for optimized speed and power delivery. Key features of automotive transmission include gear ratios for speed control, torque multiplication, and reverse gear for backward movement. Transmissions are integral for driving in different conditions, whether it's accelerating quickly on a highway or crawling in traffic. Their versatility ensures efficient power distribution, enhancing vehicle performance, fuel efficiency, and overall driving experience.
According to Data Bridge Market Research, the Global Automotive Transmission Market is expected to grow with a CAGR of 10.50% in the forecast period of 2022 to 2029.
“Increasing preferences for lightweight transmission systems boost the market’s growth”
The automotive transmission market is experiencing substantial growth due to increasing preferences for lightweight transmission systems. Lightweight materials, such as aluminum and advanced composites, are being incorporated into transmission components to reduce overall vehicle weight. This enhances fuel efficiency, reduces emissions, and improves vehicle performance. With rising environmental concerns and stricter regulations, automakers are increasingly adopting lightweight transmission solutions, driving market expansion as they seek to produce more eco-friendly and efficient vehicles while meeting consumer demands for improved mileage and reduced environmental impact.
What restraints the growth of the global automotive transmission market?
“Variability in raw material prices restraints the market’s growth”
The automotive transmission market encounters a significant challenge from the fluctuation in raw material prices, particularly in components reliant on materials such as steel and aluminum. These price swings can have a profound impact on production costs, influencing pricing strategies, profit margins, and overall supply chain stability. Such uncertainties can hinder market growth by reducing manufacturers' ability to maintain competitive pricing and profitability.
Segmentation: Global Automotive Transmission Market
The global automotive transmission market is segmented on the basis of fuel type, number of forward gears, transmission type, sales channel, vehicle type, and engine type.
- On the basis of fuel type, automotive transmission market has been segmented into gasoline, and diesel.
- On the basis of number of forward gears, automotive transmission market has been segmented into less than 5, 5 – 6, 7 – 8, 9 – 10, and above 10.
- On the basis of transmission type, automotive transmission market has been segmented into manual transmission, automatic transmission, automated manual transmission, dual clutch transmission, and continuously variable transmission.
- On the basis of sales channel, automotive transmission market has been segmented into OEM (original equipment manufacturer), and aftermarket.
- On the basis of vehicle type, automotive transmission market has been segmented into passenger cars, large commercial vehicles, intermediate commercial vehicles, heavy commercial vehicles, off-road, construction, defence, and farm tractors.
- On the basis of engine type into IC engine, and electric vehicles.
Regional Insights: Asia-Pacific dominates the Global Automotive Transmission Market
Asia-Pacific dominates the automotive transmission market due to the substantial production of both passenger vehicles and large commercial vehicles in this region. This surge in manufacturing reflects the growing demand for automobiles, which in turn drives the need for advanced transmission systems, fostering market growth and technological innovation.
North America is expected to grow during the forecast period of 2022-2029 due to rising preferences for both automatic and manual transmission options and the increasing adoption of advanced transmission technology. Consumers seek enhanced driving experiences, improved fuel efficiency, and the latest technological features, contributing to market growth and diversification of transmission systems.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-automotive-transmission-market
The Prominent Key Players Operating in the Global Automotive Transmission Market Include:
- AISIN CORPORATION (Japan)
- Marelli Holdings Co., Ltd. (Japan)
- Continental AG (Germany)
- ZF Friedrichshafen AG (Germany)
- Magna International Inc. (Canada)
- Eaton (U.S.)
- Schaeffler AG (Germany)
- BorgWarner Inc. (U.S.)
- JATCO Ltd (Japan)
- Allison Transmission Inc. (U.S.)
- GKN Automotive Limited (U.K.)
- General Motors (U.S.)
- Hyundai Motor India (India)
- Volkswagen (Germany)
- Xtrac Ltd (U.K.)
- Honda Motor Co., Ltd. (Japan)
- Fuji Electric Co., Ltd. (Japan)
- Bonfiglioli Transmissions Private Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of global automotive transmission market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Automotive Transmission Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
