High Demand For Automatic Vehicles To Propel The Growth Of The Transmission System in Automobile Market
Transmission system in automobile is a device that provides different drive or gear ratios between the drive wheels and engine of an automotive vehicle. This is a principal function that helps the vehicle accelerate from stationary to a broad speed range while the engine is running at an optimum range. The most common type found in automobiles is the hydraulic planetary automatic transmission. Larger devices are used in heavy-duty commercial as well as industrial vehicles. Transmission system in automobile makes use of a fluid that couples in place of a friction clutch, and facilitates the gear changes by hydraulically unlocking and locking a system of planetary gears. These systems are made of a set of gear ranges, generally with a parking pawl used for locking the output shaft of the transmission that keeps the vehicle from going backward or forward.
The transmission system in automobile market size has expanded favorably over the years, backed by the mounting demand for automatic transmission that offers lightweight, fuel efficiency as well as comfortable driving experience during traffic congestions in expanding cities. The mounting spending capacity, especially of the middle-class population across the globe, strict regulations aimed at reducing fuel emission, soaring demand for electric vehicles that have boosted electrification of transmission systems also work in favor of the global market.
Increasing demand for high-end cars, mostly in the regions of North America and Europe, has also done wonders for advanced transmission systems like continuous variable transmission (CVT), dual-clutch transmission (DCT) and automatic transmission (AT) among others. Transmission system in automobile market share around the world has mushroomed quite lucratively, on account of the accelerated adoption rate of semi-automatic transmission systems as well as automatic transmission systems in commercial vehicles.
With the focus on fuel efficiency spiraling with time, there is a high demand for electrification of vehicles. With battery-powered vehicles, fuel cell EVs and hybrid EVs gaining immense prominence coupled with an ascending sustainability quotient, new innovations, as well as design possibilities are expected to usher in a host of advancements pertaining to transmission system in automobile systems. Since transmission system in automobile systems are the heaviest component of the entire powertrain system, it is likely that the market can experience a slew of design innovations associated with reduced weight along with the emergence of fuel-efficient vehicles.
Automatic transmission system market has been extensively covered in the report and the primary segments identified are type, fuel type, and vehicle type.
The transmission type in cars is continuously variable transmission (CVT), dual-clutch transmission (DCT) and automated manual transmission (AMT).
Fuel-wise, the market segments mentioned in the report are gasoline, hybrid, and diesel.
Depending on the vehicle type, the market has been considered for heavy commercial vehicle (HCV), passenger car and light commercial vehicle (LCV).
Regional Demand for Transmission system in automobile
The regional distribution of the global market for automatic transmission system includes North America, Europe, Asia Pacific (APAC), as well as the Rest of the World (RoW).
North America dominates the global automatic transmission system market, with some of the primes reasons being the high use of personal vehicles by people instead of public transport, especially in the United States of America (USA). Passenger vehicles in the region cover long distances and therefore require hassle-free automatic transmission over a manual transmission. Canada stands as another strong market for transmission system in automobile in the region.
Europe notes a higher number of people that use their personal vehicles, given the huge population and their mounting disposable income. Germany, France, the United Kingdom (UK) and Italy are the top markets for transmission system in automobile in the region and are bound to show better growth in the near future.
APAC is expected to emerge as the fastest expanding regional market for transmission system in automobile, given the high sales of automobiles and the declining reliance on public transport. Also, the rising preference for family cars and personal vehicles is giving a substantial boost to regional market growth. The most lucrative markets for transmission system in automobile in the region have been identified as India, Japan and China. The presence of an expansive automobiles industry in the region is the result of tax breaks coupled with incentives being offered to the market players.
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