Passenger Car Transmission Market - Global Industry Size, Share, Trends Opportunity, and Forecast. Segmented By Vehicle Type, By Fuel Type, By Transmission Type By Region & Competition, 2021-2031F

Description

The Global Passenger Car Transmission Market will grow from USD 101.84 Billion in 2025 to USD 157.87 Billion by 2031 at a 7.58% CAGR. A passenger car transmission is a mechanical assembly that transfers power from the engine to the wheels to regulate speed and torque for optimal vehicle performance.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 101.84 Billion
Market Size 2031	USD 157.87 Billion
CAGR 2026-2031	7.58%
Fastest Growing Segment	Automatic
Largest Market	Asia Pacific

Key Market Drivers

The accelerating integration of advanced transmissions in electric and hybrid vehicles is fundamentally reshaping the technological landscape of the sector. As the global automotive industry transitions away from internal combustion engines, manufacturers are rapidly developing specialized transmission systems, such as single-speed reduction gears for battery electric vehicles and dedicated hybrid transmissions. This technological pivot ensures that transmission units can effectively manage the instant torque and specific efficiency requirements of electrified powertrains, creating a new revenue stream for component suppliers.

Key Market Challenges

The substantial cost associated with developing advanced transmission technologies for electric and hybrid vehicles creates a significant barrier to the expansion of the global market. Engineering these complex systems requires heavy capital investment, which inevitably inflates the final price of vehicles and limits their accessibility to budget-conscious consumers. This financial burden is further aggravated by supply chain volatility regarding critical electronic components, creating logistical bottlenecks that delay production and increase overheads.

Key Market Trends

The standardization of electronic shift-by-wire mechanisms is rapidly emerging as a transformative trend, fundamentally altering vehicle interior architecture and control interfaces. By replacing traditional mechanical linkages with electronic signals, this technology eliminates bulky center console gear levers, thereby freeing up cabin space and allowing for more flexible, ergonomic interior designs. Furthermore, shift-by-wire is a critical enabler for the integration of advanced driver-assistance systems (ADAS), as it allows the vehicle's computing unit to electronically control gear engagement for features such as automated parking and autonomous cruising.

Key Market Players

Aisin Corporation
Allison Transmission, Inc.
BorgWarner Inc.
Continental AG
The Mercedes-Benz Group AG.
PHINIA Inc.
Eaton Corporation PLC
FPT Industrial S.P.A
JATCO Ltd
Magna International Inc.

Report Scope:

In this report, the Global Passenger Car Transmission Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Passenger Car Transmission Market, By Vehicle Type:

Sedan
Hatchback
SUVs & MPVs and others

Passenger Car Transmission Market, By Fuel Type:

Diesel
Petrol and Others

Passenger Car Transmission Market, By Transmission Type:

Manual
Automatic

Passenger Car Transmission Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Transmission Market.

Available Customizations:

Global Passenger Car Transmission Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Passenger Car Transmission Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type (Sedan, Hatchback, SUVs & MPVs and others)
- 5.2.2. By Fuel Type (Diesel, Petrol and Others)
- 5.2.3. By Transmission Type (Manual, Automatic)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Passenger Car Transmission Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Fuel Type
- 6.2.3. By Transmission Type
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Passenger Car Transmission Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Type
    - 6.3.1.2.2. By Fuel Type
    - 6.3.1.2.3. By Transmission Type
- 6.3.2. Canada Passenger Car Transmission Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Type
    - 6.3.2.2.2. By Fuel Type
    - 6.3.2.2.3. By Transmission Type
- 6.3.3. Mexico Passenger Car Transmission Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Type
    - 6.3.3.2.2. By Fuel Type
    - 6.3.3.2.3. By Transmission Type

7. Europe Passenger Car Transmission Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Fuel Type
- 7.2.3. By Transmission Type
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Passenger Car Transmission Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Type
    - 7.3.1.2.2. By Fuel Type
    - 7.3.1.2.3. By Transmission Type
- 7.3.2. France Passenger Car Transmission Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Type
    - 7.3.2.2.2. By Fuel Type
    - 7.3.2.2.3. By Transmission Type
- 7.3.3. United Kingdom Passenger Car Transmission Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Type
    - 7.3.3.2.2. By Fuel Type
    - 7.3.3.2.3. By Transmission Type
- 7.3.4. Italy Passenger Car Transmission Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Type
    - 7.3.4.2.2. By Fuel Type
    - 7.3.4.2.3. By Transmission Type
- 7.3.5. Spain Passenger Car Transmission Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Type
    - 7.3.5.2.2. By Fuel Type
    - 7.3.5.2.3. By Transmission Type

8. Asia Pacific Passenger Car Transmission Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Fuel Type
- 8.2.3. By Transmission Type
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Passenger Car Transmission Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Type
    - 8.3.1.2.2. By Fuel Type
    - 8.3.1.2.3. By Transmission Type
- 8.3.2. India Passenger Car Transmission Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Type
    - 8.3.2.2.2. By Fuel Type
    - 8.3.2.2.3. By Transmission Type
- 8.3.3. Japan Passenger Car Transmission Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Type
    - 8.3.3.2.2. By Fuel Type
    - 8.3.3.2.3. By Transmission Type
- 8.3.4. South Korea Passenger Car Transmission Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Vehicle Type
    - 8.3.4.2.2. By Fuel Type
    - 8.3.4.2.3. By Transmission Type
- 8.3.5. Australia Passenger Car Transmission Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Vehicle Type
    - 8.3.5.2.2. By Fuel Type
    - 8.3.5.2.3. By Transmission Type

9. Middle East & Africa Passenger Car Transmission Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Fuel Type
- 9.2.3. By Transmission Type
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Passenger Car Transmission Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Type
    - 9.3.1.2.2. By Fuel Type
    - 9.3.1.2.3. By Transmission Type
- 9.3.2. UAE Passenger Car Transmission Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Type
    - 9.3.2.2.2. By Fuel Type
    - 9.3.2.2.3. By Transmission Type
- 9.3.3. South Africa Passenger Car Transmission Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Type
    - 9.3.3.2.2. By Fuel Type
    - 9.3.3.2.3. By Transmission Type

10. South America Passenger Car Transmission Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Fuel Type
- 10.2.3. By Transmission Type
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Passenger Car Transmission Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Type
    - 10.3.1.2.2. By Fuel Type
    - 10.3.1.2.3. By Transmission Type
- 10.3.2. Colombia Passenger Car Transmission Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Type
    - 10.3.2.2.2. By Fuel Type
    - 10.3.2.2.3. By Transmission Type
- 10.3.3. Argentina Passenger Car Transmission Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Type
    - 10.3.3.2.2. By Fuel Type
    - 10.3.3.2.3. By Transmission Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Passenger Car Transmission Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Aisin Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Allison Transmission, Inc.
15.3. BorgWarner Inc.
15.4. Continental AG
15.5. The Mercedes-Benz Group AG.
15.6. PHINIA Inc.
15.7. Eaton Corporation PLC
15.8. FPT Industrial S.P.A
15.9. JATCO Ltd
15.10. Magna International Inc.