Transmission System in Automobile Market Synopsis
Transmission System in Automobile is designed to transfer power which is developed in an automobile engine. It provides the vehicle with the power to move. This system comprises of auto components such as propeller shaft, gearbox, clutch, etc. This report by Market Research Future MRFR presents an observation that the global Transmission System in Automobile market is supposed to expand at 6% CAGR over the forecast period. It is anticipated to accrue decent amount of revenue by the end of 2022. The market is poised to grow owing to the changing trends in the automotive industry. Also, the growth of the industry is projected to boost the growth rate of the Transmission System in Automobile market in the forthcoming years.
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).
On the basis of type, the global Transmission System in Automobile 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 Transmission System in Automobile market has been segmented into LCV, passenger car, and HCV.
On the basis of fuel type, the Transmission System in Automobile market has been segmented into gasoline, diesel, and others.
The geographical study of the global Transmission System in Automobile 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 Transmission System in Automobile 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 Transmission System in Automobile market.
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