February 19, 2020

Automotive Automatic Transmission Market to Witness Steady Expansion During 2017-2026

Mechanics and technologies associated with gear shifting which is used in fuel transmission is a vital component of vehicles. Effective transmission is important for efficient performance of vehicles. Arrivals of different types of vehicles like electric vehicles and hybrid vehicles encourage the vehicle owners to adopt automatic transmissions and shift their focus from manual. Automatic transmissions improve the gear shifting process by making it smoother and faster. Such properties are responsible for growth in demand in global market. Automotive automatic transmissions facilitate enhances the drivability of vehicles by reducing dependency of driver.

Latest Fact.MR report predicts the global market for automotive automatic transmission to grow at 8.8% CAGR in the period 2017-2026. 19,200,000 units is the expected sale volume which will be attained by the end of the year 2026.

The global automotive automatic transmission market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each automotive automatic transmission market player in a comprehensive way. Further, the automotive automatic transmission market report emphasizes the adoption pattern of the automotive automatic transmission across various industries.

The automotive automatic transmission market report highlights the following players:

  • Generac Holdings Inc.
  • Yamaha Motor Co., Ltd.
  • Hyundai Motor Company
  • Champion Power Equipment, Inc.

The automotive automatic transmission market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

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Heavy and Light Commercial Vehicles Drive Market Growth

Automatic transmissions are preferred over manual types for their effective management of year. Clutches are engaged very closely in such automatic transmissions which facilitates the driver with faster gear shift. This property is a boon for medium-sized cars. Mid-sized cars are estimated to lead the global market in the coming years and are estimated to acquire one-fourth share of global market. 5,230,000 units of mid-sized cars will have these automatic transmissions installed in them by the end of the year 2026. The other types of cars which include compact cars, heavy commercial vehicles and light commercial vehicles are also projected to exhibit growth at moderate CAGR. The growth rate of their volume is projected to exceed 8% CAGR in the forecast period.