Automotive Transmission Market Size Growing at 5.8% CAGR Set to Reach USD 243.6 Billion By 2030

Acumen Research and Consulting just lately printed report titled “Automotive Transmission Market and Region Forecast, 2022 – 2030”

BERLIN, Feb. 02, 2023 (GLOBE NEWSWIRE) — The Global Automotive Transmission Market Size accounted for USD 149.2 Billion in 2021 and is estimated to obtain a market dimension of USD 243.6 Billion by 2030 rising at a CAGR of 5.8% from 2022 to 2030.

Automotive Transmission Market Overview

The Automotive Transmission Market has been rising quickly encompassing a variety of applied sciences and functions. It encompasses the design and manufacturing of transmission programs for autos of every type, together with passenger vehicles, vans, buses, and off-road autos. The market is pushed by the rising demand for fuel-efficient and high-performance autos, in addition to the necessity for superior applied sciences to meet emissions laws.

One of the important thing applied sciences within the Automotive Transmission Market is the repeatedly variable transmission (CVT). This kind of transmission makes use of a belt or chain to change the gear ratio, permitting for infinite variability between the very best and lowest ratios. This ends in a easy and environment friendly driving expertise, in addition to improved gas economic system. CVT transmissions are notably standard in hybrid and electrical autos, as they permit for optimum energy switch and power administration.

Another key know-how within the Automotive Transmission Market is the dual-clutch transmission (DCT). This kind of transmission makes use of two separate clutches to shift gears, permitting for sooner and extra exact shifts. DCT transmissions are notably standard in high-performance autos, as they supply a sporty driving expertise and improved efficiency. They are additionally turning into more and more widespread in mainstream autos, as they supply a stability of efficiency and gas economic system.

In addition to these applied sciences, the Automotive Transmission Market additionally has a variety of different functions. For instance, there’s a rising demand for automated guide transmissions (AMT) in business autos, as they supply a stability of efficiency and gas economic system. Similarly, there’s an rising demand for hybrid transmission programs, which mix conventional mechanical transmissions with electrical motors for improved gas effectivity.

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Automotive Transmission Market Report Coverage:

Automotive Transmission Market Report Highlights and Statistics

• The Global Automotive Transmission Market dimension in 2021 stood at USD 149,200 Million and is about to attain USD 243,600 Million by 2030, rising at a CAGR of 5.8%

• The excessive demand for fuel-efficient autos and the rising recognition of electrical and hybrid autos, due to rising gas costs in addition to excessive carbon emissions are the most important components driving the expansion of the market.

• The guide transmission section shall dominate the automotive transmission market share throughout the forecast interval, due to its low price and excessive sturdiness.

• The automated transmission section is estimated to develop at the quickest CAGR throughout the forecast interval, due to the rising demand for consolation and comfort in autos.

• The passenger vehicles section is predicted to dominate the market throughout the forecast interval, due to the rising variety of passenger vehicles on the street.

• The Asia Pacific area is predicted to dominate the Automotive Transmission market share throughout the forecast interval, due to the rising manufacturing and gross sales of autos in international locations resembling China, India, Japan, and South Korea.

• Key gamers working available in the market embrace ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., BorgWarner Inc., GKN Plc, JATCO Ltd., Schaeffler AG, and Eaton Corporation PLC.

Trends within the Automotive Transmission Market

Developments in torque converter know-how: Torque converters are being developed to enhance the gas effectivity of automated transmission autos.

Growth in transmission system software program: There is a rising pattern in direction of the event of subtle transmission system software program that may optimize transmission efficiency and enhance gas effectivity.

Increasing adoption of transmission controls: Automotive producers are more and more adopting superior transmission controls, resembling digital management models (ECUs) and transmission management modules (TCMs), to enhance transmission efficiency and cut back emissions.

Growing recognition of Direct-Drive Transmission (DDT): DDT is rising in popularity because it eliminates the necessity for a torque converter and reduces the variety of shifting elements which leads to improved gas effectivity and diminished price.

Advancements in Dual Clutch Transmission (DCT): The Dual Clutch Transmission is rising in popularity because it gives higher gas effectivity and sooner gear shifts.

Adoption of repeatedly variable transmissions (CVT): CVT know-how is turning into more and more standard in small and midsize autos due to its capability to present an infinite variety of gear ratios, leading to a smoother driving expertise and improved gas effectivity.

Automated guide transmissions (AMT): Automated guide transmissions (AMT) have gotten more and more standard as they provide the gas effectivity and value advantages of guide transmissions, with the comfort of automatics. They can routinely shift gears, however nonetheless enable the motive force to manually shift gears if they need.

Increased use of superior transmission programs: There is an rising demand for superior transmission programs resembling 8 and 9-speed automated transmission which affords improved gas effectivity and smoother gear shifts.

Automotive Transmission Market Dynamics

Shift in direction of electrical and hybrid autos: Governments all over the world have been implementing stringent gas economic system requirements for a very long time now. With the rising deal with lowering emissions and bettering gas effectivity, there’s a rising demand for electrical and hybrid autos. This is main to the event of superior transmission programs resembling electrical drive transmissions (EDT).

Development of light-weight supplies: With the rising highlight on lowering automobile weight to enhance gas effectivity, producers are turning to light-weight supplies resembling aluminum and carbon fiber to produce transmission elements.

Advancements in transmission management programs: With excessive adoption of superior driver help programs (ADAS) and autonomous driving know-how, there’s a rising demand for superior transmission management programs that may combine with these programs.

Growing demand for high-performance transmission: With the excessive recognition of sports activities and luxurious vehicles, there’s an rising demand for high-performance transmission that may deal with the facility and torque of those autos.

Growing pattern of shared mobility: With the rising pattern of shared mobility, there’s a rising demand for transmission programs that may deal with high-frequency utilization and a number of shifts per day.

Increasing manufacturing and gross sales of autos: The international manufacturing and gross sales of autos have been rising lately particularly in creating international locations which have seen a excessive shift in direction of the center class. This can also be one of many components which is driving the demand for transmission programs. The progress within the automotive business is predicted to proceed, additional boosting the expansion of the transmission market.

Advancements in know-how: Automotive transmission market is repeatedly evolving as producers search for methods to enhance gas effectivity and efficiency whereas lowering emissions.

Increasing client desire for consolation and comfort: Consumers are more and more searching for autos that supply a cushty and handy driving expertise. Automatic transmission programs supply easy gear shifts and require minimal driver enter, and have gotten more and more standard because of this.

Automotive Transmission Market Growth Hampering Factors

• High Competition: Car manufacturing is a cutthroat enterprise, the competitors is extraordinarily excessive. Companies have to present dependable vehicles with good high quality, maintaining price range in thoughts. Many automotive corporations face losses due to fluctuating price of uncooked supplies in addition to being depending on sure international locations for procuring the uncooked supplies.

• High Costs: Advanced transmission programs, resembling electrical and hybrid drive programs, will be expensive to produce and set up. This could restrict their adoption available in the market, notably in creating international locations the place price is a serious concern.

• Still creating Infrastructure: The lack of charging and refueling infrastructure for electrical and hybrid autos could restrict their adoption, which in flip could hamper the expansion of the automotive transmission market.

• Complex Regulations: Stringent laws relating to emissions and gas effectivity could make it tough for producers to develop and produce new transmission programs, which might restrict the expansion of the market.

• High Cost of Fuel could discourage many shoppers in creating international locations into shopping for a automobile for themselves, which might total be a progress hampering issue for the market.

• Lack of Standardization: The lack of standardization within the design and manufacturing of electrical and hybrid drive programs could make it tough for producers to mass produce these programs, which might restrict the expansion of the market.

• Reluctance of Consumers to adapt to newer applied sciences: Consumers could also be hesitant to undertake new transmission applied sciences due to lack of familiarity or issues over reliability and sturdiness.

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Market Segmentation

By Transmission Type

By Fuel Type

By Vehicle Type

Automotive Transmission Market Overview By Region

North America: The North American automotive transmissions market share is primarily pushed by the presence of worldwide automotive producers resembling General Motors, Tesla and Ford, all of that are identified for a number of the most dependable vehicles. The area has a major variety of manufacturing vegetation for each guide and automated transmissions, which has led to a excessive diploma of penetration of those programs within the area. The area’s giant fleet of autos, coupled with stringent emissions laws, has additionally contributed to the expansion of the market.

Europe: The European automotive transmissions market share is characterised by the presence of a lot of luxurious automotive producers in addition to a number of the most subtle automotive corporations on the earth. European vehicles are on par with Japanese automotive corporations, they’re well-known for being of fantastic high quality. The adoption of superior applied sciences resembling dual-clutch transmissions and repeatedly variable transmissions may be very excessive within the area. The area’s deal with gas effectivity and emission discount has additionally pushed the adoption of those programs. Germany and Italy are the most important markets for automotive transmissions in Europe, with a lot of manufacturing amenities for each guide and automated transmissions.

Asia Pacific: The Asia Pacific automotive transmissions market share is pushed by the presence of main automotive producers resembling BYD, Tata Motors, Toyota, Hyundai and Honda, in addition to the speedy progress of the automotive business in international locations resembling China and India. These two international locations have quickly risen to develop into two of the most important automotive manufacturing international locations surpassing many developed nations, lately. Both these international locations harbor two of the most important populations on the earth in addition to a rising center class. The area has a excessive diploma of penetration of guide transmissions, due to the low price of those programs and the excessive demand for price range autos. However, the area can also be witnessing a rising adoption of automated transmissions and repeatedly variable transmissions.

The Latin America and MEA areas account for considerably much less automotive transmissions market share comparatively. However the market will probably be rising sooner or later and is being pushed by the presence of main automotive producers. The Latin American and the African market have a great demand for price range vehicles and guide transmission. And Some international locations within the Middle East have a great demand for luxurious vehicles and automated transmissions.

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Automotive Transmission Market Key Players

ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., BorgWarner Inc., GKN Plc, JATCO Ltd., Schaeffler AG, Eaton Corporation PLC, General Motors, Honda Motor Co. Ltd, Hyundai Mobis, JTEKT Corporation, Magna International Inc., Punch Powertrain NV, Ricardo plc, Voith GmbH, Oerlikon Graziano S.p.A, DANA Inc., AVTEC Ltd, GETRAG.

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