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During the forecast period, the global automotive gearbox market is anticipated to reach USD 96,988 million, growing at a CAGR of 8.05%.
Increasing demand for fuel-efficient automobiles, as well as rising consumer preference for a comfortable driving experience, are two of the market's most important drivers. In addition, the market has been propelled by increasingly stringent regulatory regulations, especially in Europe. However, the expensive price of cutting-edge gearbox systems is a major factor holding back the market. Transmission systems are what allow for the transfer of power from an automobile's engine to the wheels. Clutch, gearbox, propeller shaft, back axle and wheels make up the gearbox in a car.
The automotive gearbox industry is poised to expand thanks to rapid technical improvements in the sector. Over the forecast period, the market is expected to be driven by the rising preference for CVT and DCT technologies over manual and automatic systems, as a result of the shift in demand for fuel-efficient products with improved performance. Many car makers are implementing Intelligent Manual Transmission (IMT) systems, which eliminate the need for drivers to push the clutch when shifting gears.
Manufacturers of automotive parts are constantly searching for ways to reduce production costs without lowering product quality. They are employing a wide variety of expansion plans to keep up with the rising demand for gearbox systems in the automotive market. For instance, Aisin Seiki Co., Ltd. is working to centralise the R&D and manufacturing of manual gearbox products for Toyota Motor Corp. The enterprises may better meet global demand and boost their competitiveness in the manual systems market by pooling their resources.
One of the most used automotive technologies, manual gearbox is often regarded as an industry trailblazer. The low maintenance requirements of MT vehicles, the established market for MT vehicles, and the lack of attention among buyers to the massive benefits of AT have all contributed to their success.
Government safety, carbon emission, and lightweight vehicle laws are compelling original equipment manufacturers to employ lighter weight components. Original Equipment Manufacturers are under constant scrutiny to reduce vehicle emissions. Consumers in industrialised countries are more likely to opt for acquiring newer, more fuel-efficient, environmentally friendly vehicles with lower emissions and better performance. Over the course of six pieces of legislation (Euro 1 through Euro 6), diesel vehicles' NOx emissions have been reduced by a factor of 10. Meanwhile, new emission requirements are in the works and are slated for introduction in the year 2025 under the name Euro 7. Vehicles with a low curb weight can easily fulfil these criteria. To minimise the overall vehicle's weight, manufacturers are concentrating mostly on lighter components.
The cost to install modern transmissions like DCT and CVT is greater than that of older gearbox types. The high-volume market for tiny cars, which accounts for a disproportionate amount of the worldwide passenger car market, has not yet adopted these technologies. Manufacturers have significant barriers to entry in the Asia-Pacific market due, in part, to the high price of gearbox systems. Consumers place a higher value on low price than high performance, and this is a major factor. The market for such systems has been stunted in regions where consumers place a higher value on buying a cheap car than they do on creature comforts and fuel economy. Therefore, businesses must invest in R&D to mass-produce these cheaper, more efficient gearbox systems for the subcompact car market.
Report Coverage
Global Automotive Transmission research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Transmission report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Transmission competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Transmission market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Transmission market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Transmission market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Automotive Transmission market based on the below-mentioned segments:
Global Automotive Transmission Market, By Type
Automatic
Manual
Automatic Manual Transmission
Continuous Variable Transmission
Dual Clutch Transmission
Global Automotive Transmission market, By Vehicle Type
Passenger Car
LCV
HCV
Global Automotive Transmission Market, By Fuel type
Gasoline
Diesel
Others
Global Automotive Transmission market, Regional Analysis
Increasing demand for fuel-efficient automobiles, as well as rising consumer preference for a comfortable driving experience, are two of the market's most important drivers. In addition, the market has been propelled by increasingly stringent regulatory regulations, especially in Europe. However, the expensive price of cutting-edge gearbox systems is a major factor holding back the market. Transmission systems are what allow for the transfer of power from an automobile's engine to the wheels. Clutch, gearbox, propeller shaft, back axle and wheels make up the gearbox in a car.
The automotive gearbox industry is poised to expand thanks to rapid technical improvements in the sector. Over the forecast period, the market is expected to be driven by the rising preference for CVT and DCT technologies over manual and automatic systems, as a result of the shift in demand for fuel-efficient products with improved performance. Many car makers are implementing Intelligent Manual Transmission (IMT) systems, which eliminate the need for drivers to push the clutch when shifting gears.
Manufacturers of automotive parts are constantly searching for ways to reduce production costs without lowering product quality. They are employing a wide variety of expansion plans to keep up with the rising demand for gearbox systems in the automotive market. For instance, Aisin Seiki Co., Ltd. is working to centralise the R&D and manufacturing of manual gearbox products for Toyota Motor Corp. The enterprises may better meet global demand and boost their competitiveness in the manual systems market by pooling their resources.
One of the most used automotive technologies, manual gearbox is often regarded as an industry trailblazer. The low maintenance requirements of MT vehicles, the established market for MT vehicles, and the lack of attention among buyers to the massive benefits of AT have all contributed to their success.
Government safety, carbon emission, and lightweight vehicle laws are compelling original equipment manufacturers to employ lighter weight components. Original Equipment Manufacturers are under constant scrutiny to reduce vehicle emissions. Consumers in industrialised countries are more likely to opt for acquiring newer, more fuel-efficient, environmentally friendly vehicles with lower emissions and better performance. Over the course of six pieces of legislation (Euro 1 through Euro 6), diesel vehicles' NOx emissions have been reduced by a factor of 10. Meanwhile, new emission requirements are in the works and are slated for introduction in the year 2025 under the name Euro 7. Vehicles with a low curb weight can easily fulfil these criteria. To minimise the overall vehicle's weight, manufacturers are concentrating mostly on lighter components.
The cost to install modern transmissions like DCT and CVT is greater than that of older gearbox types. The high-volume market for tiny cars, which accounts for a disproportionate amount of the worldwide passenger car market, has not yet adopted these technologies. Manufacturers have significant barriers to entry in the Asia-Pacific market due, in part, to the high price of gearbox systems. Consumers place a higher value on low price than high performance, and this is a major factor. The market for such systems has been stunted in regions where consumers place a higher value on buying a cheap car than they do on creature comforts and fuel economy. Therefore, businesses must invest in R&D to mass-produce these cheaper, more efficient gearbox systems for the subcompact car market.
Report Coverage
Global Automotive Transmission research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Transmission report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Transmission competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Transmission market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Transmission Market from 2021 to 2030.
- Market Forecast for Automotive Transmission Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Transmission competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Transmission
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Transmission market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Transmission market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
- Market Players of Automotive Transmission
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Automotive Transmission market based on the below-mentioned segments:
Global Automotive Transmission Market, By Type
Automatic
Manual
Automatic Manual Transmission
Continuous Variable Transmission
Dual Clutch Transmission
Global Automotive Transmission market, By Vehicle Type
Passenger Car
LCV
HCV
Global Automotive Transmission Market, By Fuel type
Gasoline
Diesel
Others
Global Automotive Transmission market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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