PUBLISHER: Lucintel | PRODUCT CODE: 1418390
PUBLISHER: Lucintel | PRODUCT CODE: 1418390
Automotive Gearbox Trends and Forecast
The future of the global automotive gearbox market looks promising with opportunities in the automatic transmission, automated manual transmission, dual clutch transmission, and manual transmission markets. The global automotive gearbox market is expected to reach an estimated $132.1 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing customer inclination towards improved driving dynamics and seamless gear changes, increasing need in heavy-duty commercial trucks for AMT and AT, and rising demand for automatic transmissions globally.
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Automotive Gearbox by Segment
The study includes a forecast for the global automotive gearbox by vehicle type, number of gears, application, and region.
List of Automotive Gearbox Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive gearbox companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive gearbox companies profiled in this report include-
Automotive Gearbox Market Insights
Lucintel forecasts that passenger car will remain the largest segment over the forecast period due to growing demand for private and public transport, rising focus on better mobility options in urban areas among population, as well as, increasing production and sale of passenger vehicles globally.
APAC will remain the largest region over the forecast period due to rise in the manufacturing of passenger cars worldwide, rising demand for SUVs and luxury cars, and growing standards for personal vehicle performance.
Features of the Global Automotive Gearbox Market
Market Size Estimates: Automotive gearbox market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive gearbox market size by vehicle type, number of gears, application, and region in terms of value ($B).
Regional Analysis: Automotive gearbox market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle type, number of gears, application, and regions for the automotive gearbox market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive gearbox market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the automotive gearbox market size?
Answer: The global automotive gearbox market is expected to reach an estimated $132.1 billion by 2030.
Q2. What is the growth forecast for automotive gearbox market?
Answer: The global automotive gearbox market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive gearbox market?
Answer: The major drivers for this market are growing customer inclination towards improved driving dynamics and seamless gear changes, increasing need in heavy-duty commercial trucks for AMT and AT, and rising demand for automatic transmissions globally.
Q4. What are the major segments for automotive gearbox market?
Answer: The future of the global automotive gearbox market looks promising with opportunities in the automatic transmission, automated manual transmission, dual clutch transmission, and manual transmission markets.
Q5. Who are the key automotive gearbox market companies?
Answer: Some of the key automotive gearbox companies are as follows.
Q6. Which automotive gearbox market segment will be the largest in future?
Answer: Lucintel forecasts that passenger car will remain the largest segment over the forecast period due to growing demand for private and public transport, rising focus on better mobility options in urban areas among population, as well as, increasing production and sale of passenger vehicles globally.
Q7. In automotive gearbox market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rise in the manufacturing of passenger cars worldwide, rising demand for SUVs and luxury cars, and growing standards for personal vehicle performance.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.