HOME › Press Releases › Automotive Transmission Market worth 196.20 Billion USD by 2021
Automotive Transmission Market worth 196.20 Billion USD by 2021
The report "Automotive Transmission Market by Type (Automatic, Manual, AMT, DCT, CVT), Vehicle type (Passenger Car, LCV, HCV, & Electric Vehicle), Number of Forward Gears, Fuel, & Region (Asia-Pacific, North America, Europe, RoW) - Global Forecast to 2021", The automotive transmission market is projected to grow at a CAGR of 5.89%, to reach a market size of USD 196.20 Billion by 2021. The market is driven by factors such as enhanced driving experience in terms of smooth gear shifting and improved acceleration and the growing demand for low carbon footprint technologies.
Browse 86 market data tables and 79 figures spread through 150 pages and in-depth TOC on “Automotive Transmission Market by Type (Automatic, Manual, AMT, DCT, CVT), Vehicle type (Passenger Car, LCV, HCV, & Electric Vehicle), Number of Forward Gears, Fuel, & Region (Asia-Pacific, North America, Europe, RoW) - Global Forecast to 2021”
Early buyers will receive 10% customization on reports.
AT leading the automotive transmission market- due to growing demand for low carbon footprint technologies such as (continuously variable transmission) CVT and dual-clutch transmission (DCT)
The rise in pollution levels in major cities has prompted the need for environmental regulations across the globe. The continuously varying fuel prices and unstable demand pattern has ensured that OEMs develop systems which will help to improve fuel efficiency. These factors are projected to drive the demand for automotive transmission systems. Transmission systems like DCT, CVT and AMT are poised to benefit from these factors owing to their fuel efficient performance. These transmission systems are being adopted to meet the growing demand for eco-friendly vehicles.
Passenger Car: Leading vehicle type in automotive transmission market
The automotive transmission market for the passenger car segment has the highest share in terms of value and volume as compared to other vehicle segments in 2016. The overall increased automobile production across the world has led to the increase in the automotive transmission market.
Asia-Pacific to be the largest market for automotive transmissions
Asia-Pacific is estimated to dominate the automotive transmission market, and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for alternative fuel passenger cars in recent years, with China and Japan as the frontrunners. Governments in the region are also trying promote the sales of alternate fuel vehicles through incentives and tax deductions.
The global transmission market is dominated by many international as well as local players such as Aisin Seiki Co. (Japan), ZF Friedrichshafen AG (Germany), Getrag Corporate Group (Germany), Jatco Ltd. (Japan), and Magna Powertrain (U.S.).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India