What is Global Automotive Transmission Market?
The Global Automotive Transmission Market is a vast and dynamic sector that plays a crucial role in the automotive industry. It refers to the entire system of gears, clutches, shafts, and other components that are involved in transferring the engine's power to the wheels of a vehicle. This market is not just about the production and sale of these components, but also about the research, development, and innovation that goes into making them more efficient, reliable, and environmentally friendly. The market is driven by various factors such as the increasing demand for vehicles, technological advancements in the automotive industry, and stringent emission norms. However, it also faces challenges such as high manufacturing costs and the growing popularity of electric vehicles, which do not require traditional transmission systems. Despite these challenges, the market has shown steady growth over the years and is expected to continue to do so in the future.
MT, AT, AMT, CVT, DCT in the Global Automotive Transmission Market:
The Global Automotive Transmission Market is segmented into different types based on the kind of transmission system used in vehicles. These include Manual Transmission (MT), Automatic Transmission (AT), Automated Manual Transmission (AMT), Continuously Variable Transmission (CVT), and Dual Clutch Transmission (DCT). Each of these types has its own advantages and disadvantages, and their usage varies depending on factors such as the type of vehicle, driving conditions, and consumer preference. For instance, MT is generally preferred for its simplicity, reliability, and fuel efficiency, but it requires more skill to operate than AT, which is easier to use and offers smoother gear changes. AMT, on the other hand, offers a balance between the two, providing the convenience of AT with the fuel efficiency of MT. CVT and DCT are more advanced types of transmission systems that offer even better performance and efficiency, but they are also more expensive to produce and maintain.
Passenger Vehicle, Commercial Vehicle in the Global Automotive Transmission Market:
The Global Automotive Transmission Market caters to different types of vehicles, including Passenger Vehicles and Commercial Vehicles. Passenger vehicles, which include cars, SUVs, and minivans, typically use smaller and lighter transmission systems that are designed for comfort and fuel efficiency. On the other hand, commercial vehicles, which include trucks, buses, and vans, require larger and more robust transmission systems that can handle heavy loads and tough driving conditions. The demand for transmission systems in these vehicles is influenced by various factors such as the growth of the automotive industry, urbanization, and the increasing need for transportation of goods and people. However, the market also faces challenges such as the increasing popularity of electric vehicles, which do not require traditional transmission systems, and the high cost of advanced transmission systems.
Global Automotive Transmission Market Outlook:
The Global Automotive Transmission Market is a highly competitive and rapidly evolving sector. As of 2022, it was valued at US$ 115750 million and is projected to reach US$ 137880 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period of 2023-2029. The market is dominated by a few major players who collectively hold a market share of over 40%. The largest market for automotive transmission is Asia (excluding China), which accounts for over 20% of the global market. This is followed by China and North America, each holding a market share of over 40%. In terms of product types, MT is the most popular, accounting for over 40% of the market. However, the market dynamics are constantly changing due to factors such as technological advancements, changing consumer preferences, and regulatory policies.
| Report Metric | Details |
| Report Name | Automotive Transmission Market |
| Accounted market size in 2022 | US$ 115750 in million |
| Forecasted market size in 2029 | US$ 137880 million |
| CAGR | 2.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ASIN, ZF, Jatco, Getrag, Volkswagen, Honda, MOBIS, Magna, SAIC, GM, Chongqing Tsingshan, Allison Transmission, Continental, Zhejiang Wanliyang, Borgwarner, Eaton Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
