According to a new market report published by Lucintel, the future of the global automotive transmission market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The global automotive transmission market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $290.3 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.

Browse 72 market data tables and 108 figures spread through 256 pages and in-depth TOC on “Global Automotive Transmission Market"

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In this market, different types of automotive transmission such as Automatic and Manual are used as transmission type. On the basis of its comprehensive research, Lucintel forecasts that the automatic transmission will remain the largest segment and it also expected to witness the highest growth over the forecast period. Shifting consumer interest from manual to automatic transmission is the most disruptive trend due to ease of operation and low maintenance cost which is driving the automatic transmission market.

Within the global automotive transmission market, passenger cars will remain the largest segment due to increasing demand for compact, mid size, and luxury cars. Electric vehicle is expected to witness the highest growth over the forecast period due to government initiatives to promote the electric vehicles and increasing adoption of e-CVT (electric continuously variable transmission) system.

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.

Emerging trends, which have a direct impact on the dynamics of the automotive transmission industry, include the introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission. Aisin Seiki, Robert Bosch, ZF Friedrichshafen, Continental, Magna, Eaton Corporation, GKN, Jatco, Borg Warner, Schaeffler are among the major automotive transmission manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive transmission market by vehicle type, transmission type, engine type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Transmission Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive transmission market by vehicle type, transmission type, engine type, and region as follows:

By Transmission Type [$B shipment analysis for 2014 – 2025]:

AutomaticManual
By Vehicle Type [$B shipment analysis for 2014 – 2025]:

Passenger CarCompact CarsMid-Size CarsLuxury CarsSUVsLCVHCVElectric Vehicles
By Engine Type [$B shipment analysis for 2014 – 2025]:

IC EngineElectric Vehicles
By Region (million pounds and $ million shipment analysis from 2014 to 2025):

North AmericaUSCanadaMexicoEuropeGermanyUnited KingdomFranceRussiaAsia PacificChina JapanIndiaSouth KoreaIndonesiaThe Rest of the WorldBrazilArgentina
This 256-page 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 click on this link https://www.lucintel.com/automotive-transmission-market.aspx or [email protected].

About Lucintel

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