Press release
Automotive Transmission System Market to Rear Excessive Growth During 2019 - 2028 | BorgWarner Inc, Schaeffler AG, Hyundai Dymos, Eaton Corporation..
Automotive Transmission System
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Understanding automotive transmission system market-
Automotive transmission system market is projected to grow significantly with higher CAGR during the forecast period. Growth drivers for the automotive transmission market are increasing demand for the automatic transmission that delivers lightweight, fuel-efficient, and comfortable driving experience in growing cities when traffic congestion situations erupt.
Growing middle-class populations' purchasing power in developing countries, strict fuel emission control regulations, increasing demand for electric vehicles & electrification of their supporting transmission system are also transforming the industry growth. Markets are hampered by the higher cost of installing technically advanced devices and the limited use of high-end technologies.
A car moves because of the torque which the engine transmits to the wheels. Therefore a transmission system is required to transmit torque efficiently and effectively. By changing the transmission ratios, the transmission varies in rpm, torque, and direction and allows the car to start with high torque. An automatic transmission is a gearbox that needs no manual switching. It may be used in any car or system where the torque needs to be moved at varying speeds from one part to another.
Increasing demand for electric vehicles in the forecast period is one of the major factors that would drive the market for automatic transmission systems. Government fuel efficiency policies and the vehicle's safety features enable manufacturers to incorporate these integrated systems that can ensure safety as well as comply with those regulations. Because of these factors, the automatic transmission segment is expected to gain significant headway over the forecast period.
Important Factors Impacting Market Growth:
o Lightweight and fuel-efficient
o Comfortable driving experience in cities with increasing traffic
o Increasing demand for electric vehicles giving rise to the need for electric or automated transmission systems
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Segment Analysis to understand market growth patterns:
Automotive transmission system market has been segmented by transmission type (manual transmission, automatic transmission (continuously variable transmission, dual-clutch transmission, automated manual transmission)), vehicle type (passenger, commercial, electric, defense, construction, farm tractors, others), fuel type (diesel, petrol), number of forward gears (less than 5, 5-6, 7-8, 9-10, above 10) and region.
By transmission type, the market is divided into manual and automatic according to the form of transmission. Automatic market share for transmission is expected to see significant growth during the forecast period due to its ease of use in heavy traffic areas and vehicle fuel efficiency.
In terms of revenue, the passenger vehicle segment clearly dominated the global market of an automotive transmission system. The growing sales of passenger cars are expected to help the segment maintain dominance over the forecast period as well, especially across emerging economies.
Insights about the regional distribution of the market:
By region, the automotive transmission system market has been segmented by North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Rest of the World.
North America, Western Europe, and Asia Pacific regions are projected to dominate the automotive transmission system market in terms of revenue & demand. North America and Western Europe were traditional markets for the automotive sector with many multinational manufacturers headquartered in these regions. In these regions, the automotive sector has been competitive across terms of technological advances and product developments. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive transmission system market in the region.
The Asia Pacific is estimated to be the fastest-growing region for the automotive transmission system market during the forecast period. Because of major investments by global companies in this region, this region has been one of the lucrative markets for the automotive sector in the last few decades. In the Asia Pacific region, China, Japan, India, and South Korea were some of the major markets for the automotive transmission system.
Companies Covered: ZF Friedrichshafen AG, Magna Internation Inc., BorgWarner Inc. Schaeffler AG, GKN PLC, Jatco Ltd., Eaton Corporation, Allison Transmission Inc., Hyundai Dymos, and Aisin Seiki
Market Segmentation:
By Transmission Type:
Manual Transmission
Automatic Transmission (CVT, DCT, AMT)
By Vehicle Type:
Passenger (2-wheelers, 4-wheelers, etc.)
Commercial (Heavy CV, Light CV, Buses, and Coaches)
Electric
Defense
Construction
Farm Tractors
Others
By Fuel Type:
Diesel
Petrol
By Number of Forward Gears:
Less than 5
5-6
7-8
9-10
Above 10
By Region:
North America
By Country (US, Canada, Mexico)
By Transmission Type
By Vehicle Type
By Fuel Type
By Number of Forward Gears
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Transmission Type
By Vehicle Type
By Fuel Type
By Number of Forward Gears
Western Europe:
By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
By Transmission Type
By Vehicle Type
By Fuel Type
By Number of Forward Gears
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Transmission Type
By Vehicle Type
By Fuel Type
By Number of Forward Gears
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Transmission Type
By Vehicle Type
By Fuel Type
By Number of Forward Gears
Rest of the World
By Region (South America, Africa)
By Transmission Type
By Vehicle Type
By Fuel Type
By Number of Forwarding Gears
Reasons To Buy This Report:
Market size estimation of the global automotive transmission systems market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
Contact Us:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Web: https://www.quincemarketinsights.com
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