According to the recent study the global automotive transmission market is projected to reach an estimated $680 billion by 2028 from $366 billion in 2022 at a CAGR of 10.9% from 2022 to 2028. Growth in this market is primarily driven by increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.
Browse 108 figures/charts
and 72 tables in this 256-page report to understand trends, opportunities and
forecast in global automotive transmission market by vehicle type (Compact
Cars, Mid-Size Cars, Luxury Cars, SUVs, LCV, HCV, Electric Vehicles),
transmission type (Automatic and Manual), engine type (IC Engine and Electric
Vehicle) and region (North America, Europe, Asia Pacific, and the Rest of the
World).
“Automatic transmission market is expected to remain the largest
segment during the forecast period.”
Based on transmission
type, the automotive transmission market is segmented into Automatic and
Manual. Lucintel forecasts that the automatic transmission market is expected
to remain the largest segment due to ease of operation and low maintenance cost
which is driving the automatic transmission market.
“Asia pacific will dominate the automotive transmission market in
near future.”
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.
Major players of
automotive transmission market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Aisin
Seiki, Robert Bosch, ZF Friedrichshafen, Continental, Magna, Eaton Corporation,
GKN, Jatco, BorgWarner, Schaeffler are among the major automotive transmission
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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