Global Automotive Transmission Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Automotive Transmission Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automotive transmission market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive transmission market report has been segmented on the basis of transmission type, transmission fuel, vehicle type, and region.

Introduction: 

Transmission system provides a smooth and comfortable drive by transmitting the optimal power from the engine to wheels through the gearbox. Automotive transmission is of two types, automatic transmission and manual transmission. The manual transmission system in a vehicle requires manual interference to shift the gear were as in automated transmission system the vehicle changes gears at different speeds without the intervention of driver.

Market Dynamics:

Growing demand for passenger cars and heavy commercial vehicles in developing and developed economies is a major factor expected to drive revenue growth of global automotive transmission market over the forecast period. Moreover, leading manufacturers are adopting automated manual transmission to reduce the carbon emission is other factor expected to drive revenue growth of target market over the next 10 years.

However, the high cost of advanced transmission systems is a major factor expected to restrain revenue growth of automotive transmission market over the forecast period.

Transmission Type Insights:

On the basis of transmission type, the manual transmission segment is expected to account for major revenue share in the global automotive transmission market. Low cost of manual transmission system as compared to automated transmission is a major factor expected to drive revenue growth of this segment. However, growing demand for fuel-efficient vehicles is expected to restrain revenue growth of this segment over the forecast period.

Vehicle Type Insights:

On the basis of vehicle type, the passenger cars segment is expected to account major revenue share in the global market. Rising demand for passenger vehicles in developing economies owing to increasing purchase power and changing living standards is expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

Asia Pacific market is expected to account for major revenue share in the global market and is expected to maintain its dominance over the forecast period. Rising production of automobiles in the region owing to lower labor cost is expected drive revenue growth of Asia Pacific automotive transmission market over the forecast period. Moreover, the presence of a large number of automotive manufacturers in the countries such as India, China, and Indonesia is expected to support revenue growth of automotive transmission market in the region. The Asia Pacific accounts for the major revenue share contribution of the global automotive transmission market, followed by markets in Europe, North America, Latin America, and the Middle East & Africa respectively. The automotive transmission market in North America is expected to grow at a higher growth rate over the forecast period owing to the growing production of commercial vehicles in the region.

Market segmentation and key players operating in the global automotive transmission market:

By transmission type:

• Manual Transmission
• Automatic Transmission

By transmission fuel:

• Gasoline
• Diesel
• Others

By vehicle type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa