by The global automotive transmission market size is forecasted to reach from US$ 153.16 billion in 2021 to US$ 250.15 Billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 5.6% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The automotive transmission market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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The automotive transmission market’s growth is proportional to the growth of the automotive sector because it is used in every vehicle. The demand for automotive transmission systems is expected to increase as global automotive production increases. By transferring the optimal power from the engine to the wheels through the gearbox, the automotive transmission system ensures a smooth and comfortable ride.
The automotive transmission systems are widely combined with the electric vehicles, passenger vehicles, light weight commercial vehicles, and heavy weight commercial vehicles. The wide range of automotive transmission systems are used to make driving experience of passengers more comfortable, which will increase demand for such systems in coming future.
The rising commercial vehicle demand in the Asia Pacific region is also a major driver for the global automotive transmission system. Furthermore, North America and Europe are major markets for luxury cars and sports cars, and are expected to grow at a steady rate during the forecast period. Aftermarket transmission system demand is high in North America and Europe, which may have a positive impact on the global automotive transmission market.
Competitive Landscape Analysis:
Some of the leading companies operating in the automotive transmission market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.
Major companies operating in this report are
- Aisin Seiki Company Ltd.
- GKN PLC
- ZF Friedrischschafen AG
- Continental AG
- Magna International Inc.
- Borgwarner Inc.
- Eaton Corporation PLC
- JATCO Ltd.
- Schaeffler AG
- Allison Transmission Inc.
Market Dynamics
Drivers
Surge in demand for automatic automotive transmission system
The automotive transmission system is used to increase the comfort level of the vehicles for smooth and easy driving. Due to surge in road traffic, the road accident numbers have increased over the period of time. This has created strong emphasis in the installation of automotive transmission systems in the vehicles. The key market players have started utilizing electric engines in the vehicles for increasing efficiency of the automobiles. Thus, the surge in demand for automatic automotive transmission system is driving the growth of market during the forecast period.
Restraints
Increasing adoption of electric vehicles
The automobile industry is transitioning from traditional gasoline vehicles to electric vehicles all around the world. When compared to traditional fuels burning within internal combustion (IC) engines, an electric vehicle does not require gears because the electric engine generates more force at zero revolutions per minute (RPMs). The electric engine generates a magnetic field that causes the engine to pivot, which in turn moves the electric vehicle’s steering wheel. As a result, clutch mechanism may not be necessary in any electric vehicle. Thus, the increasing adoption of electric vehicles is restricting the growth of automotive transmission market during the forecast period.
Opportunities
Rising adoption of automatic manual transmission systems (AMT) in commercial vehicles
The rising urbanization, industrialization, and better road infrastructure are paving way for the growth of logistics business globally. In addition, the rise of commercial vehicles is aided by the evolution of Information Technology (IT) sector and the industries such as mining and construction. The automatic manual transmission (AMT) system can be combined with dual-clutch transmission (DCT) system in commercial vehicles. Thus, the rising adoption of automatic manual transmission (AMT) system in commercial vehicles will create lucrative opportunities for the growth of automotive transmission market during the forecast period.
Challenges
Economic slowdown
Recession is another term for economic slowdown. Every business sector is affected by the recession. Companies suffer massive losses during this time. Companies lay off employees and workers in order to recoup losses or reduce costs. The market suffers as a result of this. Consumer purchasing power is dwindling. To reduce costs, day-to-day operations have been halted. Economic slowdown has an impact on developing or underdeveloped countries. As a result of the economic slowdown in various countries, the expansion of the automotive transmission market faces significant challenges.
Report Highlights
- Based on the engine, the internal combustion (IC) engine segment dominated the global automotive transmission market in 2020 with highest market share. The internal combustion (IC) engine enables the vehicle drivers to drive safely and efficiently.
- Based on the type, automatic manual transmission (AMT) segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the rise in technological advancements in the automotive industry.
Regional Snapshot
Asia-Pacific is the largest segment for automotive transmission market in terms of region. The increasing penetration of electrified transmission systems due to increased focus on hybrid vehicles and major impact on fuel emissions and economy are the factors contributing for the growth of Asia-Pacific automotive transmission market during the forecast period.
North America region is the fastest growing region in the automotive transmission market. Automotive transmission market has lot of prospects in North America region with increased use of heavy commercial vehicles. The vehicles have transformed their engines from semi-automatic engine to fully automatic engines. The integration of sub-modules and peripheral parts into automotive transmission systems has resulted in more compact, light, and reliable combinations.
Market Segmentation
By Engine
- Internal Combustion (IC) Engine
- Electric Engine
By Type
- Manual
- Automatic
- Automatic Manual Transmission (AMT)
- Continuously Variable Transmission (CVT)
- Dual-clutch Transmission (DCT)
- Others
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Electric Vehicle
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global automotive transmission market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive transmission are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Transmission Market
5.1. COVID-19 Landscape: Automotive Transmission Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Transmission Market, By Engine
8.1. Automotive Transmission Market, by Engine Type, 2021-2030
8.1.1. Internal Combustion (IC) Engine
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Electric Engine
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Automotive Transmission Market, By Type
9.1. Automotive Transmission Market, by Type, 2021-2030
9.1.1. Manual
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Automatic
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Automatic Manual Transmission (AMT)
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Continuously Variable Transmission (CVT)
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Dual-clutch Transmission (DCT)
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Automotive Transmission Market, By Vehicle
10.1. Automotive Transmission Market, by Vehicle, 2021-2030
10.1.1. Passenger Vehicle
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Light Commercial Vehicle
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Heavy Commercial Vehicle
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Electric Vehicle
10.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Automotive Transmission Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Engine (2019-2030)
11.1.2. Market Revenue and Forecast, by Type (2019-2030)
11.1.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Engine (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Engine (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Engine (2019-2030)
11.2.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Engine (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Engine (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Engine (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Engine (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Engine (2019-2030)
11.3.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Engine (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Engine (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Engine (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Engine (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Engine (2019-2030)
11.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Engine (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Engine (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Engine (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Engine (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Engine (2019-2030)
11.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Engine (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Engine (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Vehicle (2019-2030)
Chapter 12. Company Profiles
12.1. Aisin Seiki Company Ltd.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. GKN PLC
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. ZF Friedrischschafen AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Continental AG
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Magna International Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Borgwarner Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Eaton Corporation PLC
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. JATCO Ltd.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Schaeffler AG
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Allison Transmission Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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