Automotive Transmission Market Is Expected To Grow At 9.48% Of CAGR By 2023
Summary
Global Automotive Transmission Market by Type (Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, Dual Clutch Transmission) by Vehicle type (Passenger Car, LCV,HCV), by Fuel type (Gasoline, Diesel, Others), and by Region (Asia-Pacific, North America, Europe, RoW)-2022
Automotive Transmission Market Synopsis
The automotive transmission Market has expanded favorably over the years, backed by the mounting demand for automatic transmission that offers lightweight, fuel efficiency as well as comfortable driving experience during traffic congestions in expanding cities.
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Competitive Dashboard
Allison Transmission Inc. (U.S.), Continental AG (Germany), Aisin Seiki Co. Ltd. (Japan), BorgWarner Inc. (U.S.), GKN PLC (U.K.), Eaton Corporation PLC (Ireland), Jatco Ltd. (U.S.), ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada), and Schaeffler AG (Germany).
Market Segmentation
On the basis of type, the global Automotive Transmission Market market has been segmented into automatic, automatic manual transmission, manual, continuous variable transmission, and dual clutch transmission.
On the basis of vehicle type, the global Automotive Transmission Market has been segmented into LCV, passenger car, and HCV.
On the basis of fuel type, the Automotive Transmission Market has been segmented into gasoline, diesel, and others.
Regional Analysis
The geographical study of the global Automotive Transmission Market has been included for an in-depth study. It covers four key regions, which are Asia Pacific, North America, Europe, and the Rest of the World (RoW). These regional segments are also studied on the basis of countries to present a detailed view of the market. Asia Pacific is assessed to exercise dominance over the market due to the rising demand for light commercial vehicles. China and other developing economies in the region are focusing on the development of the automotive industry for economic development. This is projected to drive the proliferation of the Automotive Transmission Market in the region over the assessment period. Moreover, OEMs from developed regions are also investing in expanding bases in APA due to lenient laws and cheap labor availability. This, in turn, is poised to accelerate revenue creation in the Automotive Transmission Market. North America, at the second position, is expected to capitalize on the growing demand for automatic manual transmission systems. It is anticipated to earn considerable profits in the upcoming years.
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