Automotive Transmission Market Size, Share, Opportunities & Forecast

Automotive Transmission Market Size And Forecast

According to Verified Market Research, Global Automotive Transmission Market was valued at USD 154.21 Billion in 2018 and is projected to reach USD 228.53 Billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026.

What is Automotive Transmission?

The Automotive Transmission is the process of controlling the power application. It is used to transfer the power to the differential and axel which in response transmitted to the wheels. The automotive transmission system serves the purpose of controlling power applications and engaging gears following the torque and speed of the vehicle. It comprises of the gearbox, propeller shaft, clutch, rear axle, and wheels. The utilization of the automotive transmission system enhances vehicle performance.

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Global Automotive Transmission Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The Automotive Transmission Market is witnessing significant growth owing to the increasing demand for the user driver experience, and smooth shift of the gear. In addition, the rising demand for the lightly weighted transmission system in response to the development in technology is another factor driving the market growth. Moreover, the growing traffic congestion enhances the adaption of the automotive transmission system. However, the design complexity and huge cost associated with the system is restricting the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Automotive Transmission Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Automotive Transmission Market Competitive Landscape

The “Global Automotive Transmission Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Allison Transmission Inc., Continental AG, Magna International (Getrag), Eaton Corporation PLC, ZF Friedrichshafen AG, Aisin Seiki Co. Ltd, GKN PLC, Schaeffler AG, Jatco (Nissan Motor Corp.), BorgWarner Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Automotive Transmission Market, By Transmission Type

• Manual Transmission
• Dual Clutch Transmission
• Continuously Variable Transmission
• Automatic Transmission
• Automated Manual Transmission

Automotive Transmission Market, By Vehicle Type

• Passenger Cars
• LCVs
• HCVs
• Electric Vehicle
o HEV
o PHEV

Automotive Transmission Market, By Fuel Type

• Gasoline
• Diesel

Automotive Transmission Market, By Geographic Scope

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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