The Global Automotive Transmission Market was estimated at US$ 145.7 billion in 2020 and is expected to reach US$ 250.10 billion by 2030, poised to grow at a CAGR of 5.3% from 2021 to 2030.
The Covid-19 pandemic has adversely affected the automobile industry, leading to a decline in the growth of this market. Increasing concerns regarding global warming and pollution have led to various stringent government regulations pertaining to vehicular emissions. Such regulatory guidelines have propelled component suppliers to manufacture eco-friendly and high-efficiency transmission systems for domestic and international markets.
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Thus, increasing emission standards worldwide are one of the key factors driving the growth of the market. Emission performance standards set a limit on the amount of various gases permissible for emission. While the main goal of these standards is to direct the limit for pollutants, such as nitrogen and sulfur oxides, they also help regulate the proportion of greenhouse gasses, particularly carbon dioxide, in exhaust emissions. In the U.S., emissions standards are managed by the Environmental Protection Agency (EPA), whereas the state of California has special vehicle emissions norms. Other states in the U.S. follow either the EPA or the California standards.
As far as passenger cars are concerned, the trend of personalized design has caused a strong breakdown of many vehicle classifications. This has also led to large-scale diversification in gearbox design, individualized solutions, and competition concepts: manual, automatic, automatic manual transmission (AMT), continuously variable transmission (CVT), dual-clutch transmission (DCT), and hybrid drive.
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2022 to 2030. by Application segment also provides consumption during the forecast period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Key Players Mentioned in the Global Automotive Transmission Market Research Report:
- Aisin Seiki Co., Ltd.
- Allison Transmission, Inc.
- BorgWarner Inc.
- Continental AG
- Eaton Corporation PLC
- Getrag
- GKN PLC
- Jatco Ltd.
- Magna International, Inc.
- ZF Friedrichshafen AG
Global Automotive Transmission Market Segmentation:
Automotive Transmission Type Outlook
- Manual
- Automatic
Automotive Transmission Fuel Type Outlook
- Gasoline
- Diesel
- Others
Automotive Transmission Vehicle Type Outlook
- Passenger Cars
- LCVs
- HCVs
In terms of depth and area of review, the study is extensive. It covers global developments faithfully, all the while focusing on crucial market segment regions. This research accurately reflects the distinction between corporate performance parameters and procurement scenarios across various geographical locations. It provides a detailed breakdown of the Automotive Transmission industry sectors. The report contains some general information as well as a sales projection study for each location.
Geographic Segment Covered in the Report:
The Automotive Transmission Market report offers insights on the market area, which is further divided into sub-regions and nations/regions. This chapter of the research includes details on profit prospects in addition to market share data for each nation and subregion. During the expected time, this component of the research covers the market share and growth rate of each region, country, and sub-region.
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of the World
The Automotive Transmission report analyses various critical constraints, such as item price, production capacity, profit & loss statistics, and global market-influencing transportation & delivery channels. It also includes examining such important elements such as Automotive Transmission market demands, trends, and product developments, various organizations, and global market effect processes.
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