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Automotive Transmission transfer the power that is developed from the engine of the vehicle to driving the wheels of the vehicles. It comprises of clutch, gearbox, propeller shaft, rear axle and wheels. The propeller shaft is usually used to connect other components of the drive train that cannot be connected directly due to far distance between the two components. The drive shaft incorporates one or more universal joints, jaw coupling, and sometimes prismatic joint. The innovation in technology in the automotive propeller shafts, is expected to drive the market in future. Innovation such as light weight propeller shaft, have emerged in order to reduce the overall weight of the vehicle. According to a recent study report published by the Market Research Future, The global automotive transmission market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
There are various types of automotive transmission that are used in the vehicles which includes automatic, manual, automatic manual transmission, continuous variable transmission, and dual clutch transmission. The manual transmission uses a driver operated clutch to engage and disengage the gear system. It does not provide the smooth operation of the vehicle due to manual changing of gear system. The automatic transmission are of different types such as automated manual transmission (AMT), dual-clutch transmission (DCT), and continuously variable transmission (CVT).
The factor that are responsible for the growth of automotive transmission market in future are growing demand for fuel efficient vehicles, increase in the sales of new vehicles, technology trend in the automotive industry. The growing demand for fuel efficient vehicle increases the demand for light weight components in the vehicles. The advancement in automotive industry have led the automotive manufacturers to innovate their products in order to sustain the market. This innovation in technology have led to the growth of the market during the forecast period.
Allison Transmission Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Ireland), GKN PLC (U.K.), Jatco Ltd. (U.S.), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany) and Schaeffler AG (Germany), and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global automotive transmission market.
Segmentation
The global Automotive Transmission market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, Dual Clutch Transmission.
Segmentation by Vehicle Type : Comprises Passenger Car, LCV, HCV.
Segmentation by Fuel Type : Comprises Gasoline, Diesel, Others.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis
Asia Pacific is the largest market for automotive transmission due to increase in sales of vehicle in this region. The development in automotive industry have led to the emergence of new and high-tech automotive technology, which will attract the interest of the consumers. The increasing concerns for safety among consumers drives them towards the safety and quality of automotive transmission market. The standard technology offered by the small automotive installation service provider will be replaced by the specialized automotive transmission such as automatic transmission so as to meet the market expectation. This will create an opportunity for the specialized automotive market to meet the standard for the automotive transmission. Europe is expected to be the second largest market for automotive propeller shaft market due to stringent norms for fuel economy which will increase the investment in the research and development.
Read More :
http://www.tmcnet.com/usubmit/2020/03/24/9119902.htm
http://www.tmcnet.com/usubmit/2020/03/24/9119973.htm
https://www.techsite.io/p/1414416
https://www.mediafire.com/file/fp3a115pxla8cw0/Caps_and_Closures_Market_.pdf/file
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