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The need to improve fuel efficiency and controlling emissions have led to the development of the automotive transmission in recent times. Market focused reports related to the industrial automation & equipment sector among others recently have been made available by Market Research Future which publishes reports on this industry. The market is estimated to expand with a 6 percent CAGR through the forecast period.
The wide spread availability of dual clutch transmissions is also anticipated to grow intensely as Chinese production has helped to make costs more competitive, leading to the expansion of the market. Light vehicle transmissions are also expected to contribute positively to the development of the market. The inclination of important auto makers towards in house production of transmission systems is expected to be one of the key reasons for the robust growth in the market through the forecast period.
Industry Segments
The segmentation of the Automotive Transmission Market Share consists of segments such as type, vehicle type, fuel type, and region. The type segment of the market comprises of segments such as automatic, automatic manual transmission, manual, dual clutch transmission, and continuous variable transmission. The vehicle type segment of the Automotive Transmission Market Share consists of passenger car, LCV, and HCV. The fuel type segment of the market includes gasoline, diesel, and others. Lastly on the basis of region, the market is segmented into the Asia Pacific, North America, Europe, and RoW.
Regional Analysis
Europe, North America, Asia Pacific and rest of the world are a few of the regions that are being studied in the regional analysis for the Automotive Transmission Market Share. The Asia Pacific region leads the market globally due to reasons such as development in the manufacturing of passenger cars and LCV in the emerging economies of the region. Various OEM’S are intent on opening their production facilities in this region particularly in the emerging nations such as India and China. The North American region is predicted to be the second leading market during the forecast period. The increasing demand for automatic manual transmission (AMT) across the region is estimated to improve the market growth. Furthermore, the sophisticated manufacturing hubs and market in terms of technology is projected to reinforce the market growth further.
Key Players
Aisin Seiki Co. Ltd. (Japan), GKN PLC (U.K.), Continental AG (Germany), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Ireland), Allison Transmission Inc. (U.S.), Jatco Ltd. (U.S.), ZF Friedrichshafen AG (Germany) and Schaeffler AG (Germany) are a few of the major players transforming the development of the market.
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