Automotive Transmission Market Pegged to Expand Robustly During 2019-2022
Posted: Apr 06, 2019
An automotive automatic transmission system executes the process of transmitting the power from the engine to the wheels by using automatically changing gear ratios. Market Research Future (MRFR) has published a research report about the global automatic transmission system market that envisions progress for the market with 6% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
The most significant factor driving the market growth for an automotive automatic transmission system is the shift of population demand from manual to automatic transmission due to ease of operation. Other factors are less fatigue for the driver during drives to comparable distances due to this system, and lastly, automatic transmission vehicle being able to be driven by all adults in a family. The advantages of automatic transmission system include better control on the vehicle while driving on muddy or slippery roads, less risk of unexpected motion, no need to change gear manually, and reduction of the fuel consumption & CO2 emission. These advantages also aid market growth.
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The global Automatic Transmission System Market has been segmented on the basis of type, fuel type, vehicle type, and lastly, region. By types, this market has been segmented into the automated manual transmission (AMT), continuously variable transmission (CVT), and dual-Clutch transmission (DCT). On the basis of fuel, the market has been segmented into diesel, gasoline, and hybrid. Based on vehicle type, the market has been segmented into the light commercial vehicle (LCV), heavy commercial vehicle (HCV), and a passenger car.
The regional segmentation of the global automatic transmission system market segments the market into continent-based regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). According to the report, North America holds the lion's share in the global automatic transmission system market. This is primarily due to unpopular public transport in the United States of America (USA) because of which more people use their personal vehicles. Passenger vehicles in the USA are required to cover huge distances and thus, hassle-free automatic transmission is preferable over a manual transmission. Canada is another important country-specific market in this region.
In Europe, the number of people using public transport is higher than the number of such people in North America. And the population of Europe is also higher than in North America. Therefore, Europe is a significant market. Country-specific markets generating maximum revenue in Europe are France, Germany, Italy, and the United Kingdom (UK). According to the research report, the Asia Pacific region has been estimated to emerge as the fastest growing market because automobile sales are registering the highest growth rate in this region. This is lowering dependence on public transport in this region and the preference for family cars is rising. The key country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
The key players in the global automatic transmission system market include Aisin Seiki Co., Ltd. (Japan), Allison Transmission (USA), BorgWarner Inc. (USA), Continental AG (Germany), Eaton Corporation PLC (Republic of Ireland), GETRAG (Germany), GKN PLC (UK), JATCO Ltd. (Japan), Magna International Inc. (Canada), and ZF Friedrichshafen AG (Germany).
Latest Industry News
Allison Transmission has begun production of 1000 Series™ and 2000 Series™ fully automatic transmissions that have been specifically designed for Chevrolet’s highly-anticipated Silverado 4500HD/5500HD/6500HD medium-duty trucks. These transmission systems offer commercial-duty features more common to heavy-duty trucks. 22 OCT 2018
ZF has introduced new electrified Automated Manual Transmission (eAMT) technology that is the outcome of the hybridization of front-transverse vehicles. This hybrid technology integrates the company’s electric axle drive system (eVD) and an automated manual transmission (AMT) into one system. 18 JUNE 2018
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