According to a new market report published by Lucintel, the future of the global automotive transmission market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The global automotive transmission market is expected to reach an estimated $526.1 billion by 2024 with a CAGR of 13.4% from 2019 to 2024. The major drivers for this market are increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.
Browse 72 market data tables and 108 figures spread through 256 pages and in-depth TOC on “Global Automotive Transmission Market”
In this market, different types of automotive transmission such as Automatic and Manual are used as transmission type. On the basis of its comprehensive research, Lucintel forecasts that the automatic transmission will remain the largest segment and it also expected to witness the highest growth over the forecast period. Shifting consumer interest from manual to automatic transmission is the most disruptive trend due to ease of operation and low maintenance cost which is driving the automatic transmission market.
Within the global automotive transmission market, passenger cars will remain the largest segment due to increasing demand for compact, mid size, and luxury cars. Electric vehicle is expected to witness the highest growth over the forecast period due to government initiatives to promote the electric vehicles and increasing adoption of e-CVT (electric continuously variable transmission) system.
Asia Pacific will remain the largest region due to high vehicle production and increasing adoption of automatic transmission in mid-size and compact cars. Europe is expected to witness highest growth over the forecast period because of rapidly increasing demand for automatic transmissions in small, compact, and mid-size cars.
Emerging trends, which have a direct impact on the dynamics of the automotive transmission industry, include the introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission. Aisin Seiki, Robert Bosch, ZF Friedrichshafen, Continental, Magna, Eaton Corporation, GKN, Jatco, Borg Warner, Schaeffler are among the major automotive transmission manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive transmission market by vehicle type, transmission type, engine type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Transmission Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive transmission market by vehicle type, transmission type, engine type, and region as follows:
By Transmission Type [$B shipment analysis for 2013 – 2024]:
• Automatic
• Manual
By Vehicle Type [$B shipment analysis for 2013 – 2024]:
• Passenger Car
– Compact Cars
– Mid-Size Cars
– Luxury Cars
– SUVs
• LCV
• HCV
• Electric Vehicles
By Engine Type [$B shipment analysis for 2013 – 2024]:
• IC Engine
• Electric Vehicles
By Region (million pounds and $ million shipment analysis from 2013 to 2024):
• North America
– US
– Canada
– Mexico
• Europe
– Germany
– United Kingdom
– France
– Russia
• Asia Pacific
– China
– Japan
– India
– South Korea
– Indonesia
• The Rest of the World
– Brazil
– Argentina
This 256-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-transmission-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global automotive transmission market by vehicle type (Compact Cars, Mid-Size Cars, Luxury Cars, SUVs, LCV, HCV, Electric Vehicles), transmission type (Automatic and Manual), engine type (IC Engine and Electric Vehicle), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
