PUBLISHER: Lucintel | PRODUCT CODE: 1154056
PUBLISHER: Lucintel | PRODUCT CODE: 1154056
Automotive Transmission Market Trends and Forecast
The future of the global automotive transmission market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The global automotive transmission market is expected to reach an estimated $485.6 billion by 2027 with a CAGR of 14.0% from 2021 to 2027. The major drivers for this market are increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.
Emerging Trends in the Automotive Transmission Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission.
A total of 108 figures / charts and 72 tables are provided in this 256-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive transmission market report.
Automotive Transmission Market by Segments
Lucintel forecasts that automatic transmission will remain the largest segment and it also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive transmission market by transmission type, vehicle type, engine type and region, as follows:
Automotive Transmission Market by Transmission Type [Value $B shipment analysis for 2016 - 2027]:
Automotive Transmission Market by Vehicle Type [Value $B shipment analysis for 2016 - 2027]:
Automotive Transmission Market by Engine Type [Value $B shipment analysis for 2016 - 2027]:
Automotive Transmission Market by Region [Value $B shipment analysis for 2016 - 2027]:
List of Automotive Transmission 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 transmission companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive transmission companies profiled in this report includes.
Automotive Transmission Market Insights
Features of the Global Automotive Transmission Market
FAQ
Q1. What is the automotive transmission market size?
Answer: The global automotive transmission market is expected to reach an estimated $485.6 billion by 2027.
Q2. What is the growth forecast for automotive transmission market?
Answer: The automotive transmission market is expected to grow at a CAGR of 14.0% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive transmission market?
Answer: The major drivers for this market are increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.
Q4. What are the major transmission type or end use industries for automotive transmission?
Answer: Automatic transmission is the major segment by transmission type for automotive transmission.
Q5. What are the emerging trends in automotive transmission market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission.
Q6. Who are the key automotive transmission companies?
Answer: Some of the key automotive transmission companies are as follows:
Q7. Which automotive transmission product segment will be the largest in future?
Answer: Lucintel forecasts that automatic transmission will remain the largest segment and it also expected to witness the highest growth over the forecast period. Shifting consumer interest from manual to automatic transmission is the most disruptive trend due to ease of operation and low maintenance cost which is driving the automatic transmission market.
Q8 : In automotive transmission market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific will remain the largest region due to high vehicle production and increasing adoption of automatic transmission in mid size and compact cars. Europe is expected to witness highest growth over the forecast period because of rapidly increasing demand for automatic transmissions in small, compact, and mid-size cars.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.