Automotive Transmission Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
The global vehicle industry's rapid expansion is expected to enhance the automotive transmission market significantly. The automotive transmission market is expected to benefit from increased mergers and acquisitions in the global automotive industry. Furthermore, growth in an individual's disposable income and the buying power of customers around the world is driving car sales, which is expected to enhance the industry. One of a vehicle's most crucial components is the transmission. It is responsible for transmitting power from the engine to the wheels. Car transmissions come in a variety of styles. Some are automated, whereas manual transmissions in stick-shift cars necessitate additional steps from the driver in order for the vehicle to function properly. In a car, where is the transmission located? Transmission is usually situated in the front of a vehicle's chassis. Automobile component makers are working hard to deliver cost-effective alternatives without sacrificing vehicle performance. To address the rising demand for transmission systems across the automotive sector, they are implementing a variety of expansion methods. Aisin Seiki Co., Ltd., for example, is concentrating its development and manufacturing skills on Toyota Motor Corp.'s manual transmission products under the Aisin AI brand. Consolidating their expertise will help enterprises to fulfill global demand and boost their manual systems business' competitiveness.
Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=21468
According to UnivDatos Market Insights (UMI)’ research report “Automotive Transmission Market”, the market is expected to witness a CAGR growth of around ~6% during the forecast period 2021-2027F. Global Automotive Transmission Market is experiencing significant growth due to the rising demand for Automotive transmission along with the rapid expansion of the automobile industry across the globe.
Based on transmission type, the market is segmented into Manual and Automatic. The Automatic segment is to see the fastest growth during the forecasted period. Advances in the automotive sector, as well as improvements in automatic gearboxes, can be credited for the development. Furthermore, automatic types are more powerful and accurate, as well as being easier to operate. The high cost of these items may prevent them from being adopted in nations like India and Mexico. Over the projected period, however, changing preferences and rising consumer purchasing power in these nations are expected to boost segment expansion. In 2020, the manual type segment had the highest revenue share. The price differential between vehicles with manual and automatic transmissions is to blame for this increase. Due to price sensitivity, consumers are more likely to choose manual transmissions. Furthermore, as compared to its automatic counterpart, the manual version delivers higher mileage because the gear shifting may be manually regulated to reduce fuel consumption.
Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=21468
Based on the vehicle type, the market is segmented into Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles. The Passenger Car segment generated the highest revenue in 2020 and is expected to grow at the highest CAGR during the forecasted period. The demand for passenger automobiles is influenced by volatile fuel prices and transit infrastructure. The improving economic outlook in the United States and many developing nations, such as China and India, is likely to boost global demand for passenger automobiles. Furthermore, advancements in transmission technology in the passenger car segment, from 4-speed automatic transmissions to 8-speed and 9-speed automatic transmissions, have resulted in improvements in overall comfort, driving experience, and fuel efficiency, boosting segment growth.
Based on fuel type, the market is segmented into Gasoline and Diesel. The Actuator segment generated the highest revenue in 2020 and is expected to grow at the highest CAGR during the forecasted period. Almost all pollution criteria are met by gasoline cars. When compared to diesel engines, they are more efficient and emit less gas. Over the projected period, the segment is expected to rise due to rising gasoline demand in nations such as the United States, China, and India. According to the International Energy Agency (IEA), gasoline demand is expected to rise in the next years as a result of fast-growing markets in Asia, Central and South America, Africa, and the Middle East, which will account for almost 70% of world demand growth in 2021.
For more informative information, please visit us – https://univdatos.com/report/automotive-transmission-market/
Asia Pacific to Grab Lion’s Share
In 2020, Asia Pacific had the greatest revenue, and it is expected to maintain its dominance while increasing at the quickest CAGR during the projection period. The presence of several important vehicle manufacturers and ancillaries in the region is driving market expansion. Companies in the Asia Pacific have been driven to implement efficient transmission networks by stringent rules. Furthermore, rising vehicle sales, particularly in countries such as China, India, Japan, and South Korea, are expected to boost regional market growth throughout the projection period. Many OEMs are eager to establish manufacturing operations in this region, particularly in growing economies like China and India. During the projection period, North America is expected to be the second-largest market. The sector is predicted to increase because of the rising demand for automatic manual transmission (AMT) across the region. Furthermore, the industry's expansion is likely to be bolstered by sophisticated manufacturing centers and a technologically advanced market.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Automotive Transmission Market include Eaton Corporation PLC, Aisin Seiki Co., Ltd., BorgWarner Inc., ZF Friedrichshafen AG, Allison Transmission, Inc., Continental AG, Magna International Inc., Jatco Ltd., Schaeffler AG, GKN PLC
· In Feb. 2021, ZF announced that it is investing millions in commercial vehicle transmission manufacturing in North America. Beginning in 2023, ZF will produce the ZF PowerLine 8-speed automatic transmission at the company’s state-of-the-art manufacturing facility in Gray Court, SC. The additional production line at ZF Gray Court will result in more than 500 American jobs
“Global Automotive Transmission Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
For more informative information, please visit us – https://univdatos.com/report/automotive-transmission-market/
Market Segmentation:
1. By Transmission Type (Manual and Automatic)
2. By Vehicle Type (Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles)
3. By Fuel Type (Gasoline and Diesel)
4. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)
5. By Company (Eaton Corporation PLC, Aisin Seiki Co., Ltd., BorgWarner Inc., ZF Friedrichshafen AG, Allison Transmission, Inc., Continental AG, Magna International Inc., Jatco Ltd., Schaeffler AG, GKN PLC)
Key questions answered in the study:
1. What are the current and future trends of the Global Automotive Transmission industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Automotive Transmission industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Automotive Transmission suppliers across various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE TRANSMISSION MARKET COVID-19 IMPACT
6 AUTOMOTIVE TRANSMISSION MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TRANSMISSION TYPE
8 MARKET INSIGHTS BY VEHICLE TYPE
9 MARKET INSIGHTS BY FUEL TYPE
10 MARKET INSIGHTS BY REGION
11 AUTOMOTIVE TRANSMISSION MARKET DYNAMICS
12 AUTOMOTIVE TRANSMISSION MARKET OPPORTUNITIES
13 AUTOMOTIVE TRANSMISSION MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
Browse Other Related Research Reports from UnivDatos Market Insights
· Zero Emission Vehicle Market to Exceed 73.5 Million Sales by 2027 Globally |CAGR: 32.7%
· Government's Stringent Regulations to Boost the Market of Radar Based In-Cabin Sensing Systems
Labels: Automotive Transmission Market
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home