The global automotive transmission market is expected to experience rapid growth during the forecast period, driven by the increasing demand from consumers for smooth and comfortable driving experiences. Technological advancements in the automobile sector, along with rising sales of passenger cars and heavy commercial vehicles, are also key factors contributing to the market's expansion. Additionally, efforts by automobile manufacturers to reduce carbon emissions are expected to further propel the automotive transmission market by 2027.
The market is segmented based on vehicle type, transmission type, number of forward gears, fuel type, and region. Under vehicle type, segments include passenger cars, light commercial vehicles, heavy commercial vehicles, electric vehicles, and others. Among these, the passenger car segment holds the largest share in the market, owing to the increasing sales of passenger cars worldwide.
In terms of transmission type, the global automotive transmission market is categorized into automatic, manual, dual clutch, and continuously variable. Among these, the automatic transmission system is expected to undergo the fastest growth during the forecast period. This is primarily due to its high fuel efficiency and better driving experience compared to manual transmission. Additionally, the increasing production of electric and hybrid vehicles is also anticipated to drive the demand for automatic transmission until 2027.
Leading players in the global automotive transmission market include Aisin Seiki Co., Ltd., Eaton Corporation PLC, Borgwarner Inc., GKN PLC, Allison Transmission Inc., Magna International, JATCO Ltd., ZF Friedrichshafen AG, and Schaeffler AG, among others. These key companies are focused on increasing vehicle production and engaging in research and development activities to introduce more innovative technologies to the market. As the automotive industry continues to evolve, advancements in transmission technology play a critical role in meeting consumer demands and environmental regulations.
Objective of the Study:
- To analyse and forecast the market size of lobal automotive transmission, in terms of value and volume.
- To classify and forecast global automotive transmission based on vehicle type, transmission type, number of forward gears, fuel type and regional distribution.
- To identify drivers and challenges for global automotive transmission.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive transmission.
- To conduct the pricing analysis for global automotive transmission.
- To identify and analyse the profile of leading players involved in the of global automotive transmission market.
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TechSci Research conducted both primary and exhaustive secondary research for this study on the automotive transmission system market. To begin with, TechSci Research compiled a list of automotive transmission system manufacturers from around the world. Subsequently, primary research surveys were conducted with the identified companies. During these interviews, respondents were also asked about their competitors, enabling TechSci Research to include suppliers and distributors that may not have been initially identified through secondary research limitations.
The analysis involved examining product offerings, applications, distribution channels, and regional presence of all major automotive transmission system manufacturers globally.
To determine the market size of the automotive transmission system market, TechSci Research adopted a bottom-up approach. This involved recording data for various end-user segments and forecasting for the future years. The values were sourced from industry experts and company representatives, and the findings were externally validated by analyzing historical data related to these product types and applications, resulting in an appropriate overall market size.
Various secondary sources, including company websites, news articles, press releases, company annual reports, investor presentations, and financial reports, were also studied by TechSci Research to further enhance the depth of their research.
Key target audiences for this study include automotive Original Equipment Manufacturers (OEMs), automotive transmission system manufacturers, suppliers, and other stakeholders, government bodies such as regulating authorities and policy makers, organizations, forums, and alliances related to the automotive transmission market, as well as market research and consulting firms.
The study provides valuable insights and answers to critical questions that are essential for industry stakeholders, collaboration service providers, partners, end users, etc., to strategize investments and capitalize on market opportunities.
Report Scope:
In this report, global automotive transmission market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Transmission Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Electric Vehicle
- Others
- Global Automotive Transmission Market, By Transmission Type:
- Automatic
- Manual
- Dual Clutch
- Continuously Variable
- Global Automotive Transmission Market, By Number of Forward Gears:
- Less than 5
- 5 – 6
- 7 – 8
- 9 – 10
- Above 10
- Global Automotive Transmission Market, By Fuel Type:
- Gasoline
- Diesel
- Global Automotive Transmission Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Asia Pacific
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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