Automotive Transmission Market 2018
Automotive Transmission Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Transmission Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Automotive Transmission Market by Type (Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, Dual Clutch Transmission) by Vehicle type (Passenger Car, LCV,HCV), by Fuel type (Gasoline, Diesel, Others), and by Region (Asia-Pacific, North America, Europe, RoW).
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Market Highlights
One of key drivers of the global automotive transmission market is increased consumer preference for enhanced driving experience and smooth gear shifting due to hectic road congestions. In Europe, the stringent regulatory norms has increased the demand for better fuel efficient vehicles with low carbon emission. Also, the presence of high number of luxury auto makers has boosted the automotive transmission market in the region.
The high cost of advanced transmission systems is the major restraint of the global automotive transmission market.
The need to improve fuel efficiency and controlling emissions have led to the development of the automotive transmission in recent times. Market focused reports related to the industrial automation & equipment sector among others recently have been made available by Market Research Future which publishes reports on this industry. The market is estimated to expand with a 6 percent CAGR through the forecast period.
The wide spread availability of dual clutch transmissions is also anticipated to grow intensely as Chinese production has helped to make costs more competitive, leading to the expansion of the market. Light vehicle transmissions are also expected to contribute positively to the development of the market. The inclination of important auto makers towards in house production of transmission systems is expected to be one of the key reasons for the robust growth in the market through the forecast period.
Industry Segments
The segmentation of the automotive transmission market consists of segments such as type, vehicle type, fuel type, and region. The type segment of the market comprises of segments such as automatic, automatic manual transmission, manual, dual clutch transmission, and continuous variable transmission. The vehicle type segment of the automotive transmission market consists of passenger car, LCV, and HCV. The fuel type segment of the market includes gasoline, diesel, and others. Lastly on the basis of region, the market is segmented into the Asia Pacific, North America, Europe, and RoW.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Automotive Transmission market are that of new product development.
In May 2017, Honeywell International Inc. introduced Honeywell Garrett Redboost series of Transmissions for the Chinese independent aftermarket.
In 2015, BorgWarner had delivered DualTronic clutch module to Eaton for class 6 and 7 medium-duty trucks in North America. This will help to improve the fuel efficiency of the vehicles.
In March 2015, Cummins, Inc. launched pioneering Transmission technology.
The global Automotive Transmission market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Detailed Regional Analysis
Europe, North America, Asia Pacific and rest of the world are a few of the regions that are being studied in the regional analysis for the automotive transmission market. The Asia Pacific region leads the market globally due to reasons such as development in the manufacturing of passenger cars and LCV in the emerging economies of the region. Various OEM’S are intent on opening their production facilities in this region particularly in the emerging nations such as India and China. The North American region is predicted to be the second leading market during the forecast period. The increasing demand for automatic manual transmission (AMT) across the region is estimated to improve the market growth. Furthermore, the sophisticated manufacturing hubs and market in terms of technology is projected to reinforce the market growth further.
Global Competitive Analysis
The capability to fuel competitive capabilities is one of the chief causes powering their efforts in this period. Moreover, the competitors are handling the competitive environment by driving the market growth factors to their advantage. The prospects for growth in the market appear to be promising through the forecast period. The market contestants are formulating their blueprints for corporate strategy in a way can bring about the best consequences for growth in the current scenario, while also concurrently enhancing their product’s value. Companies in this market are adjusting to the state of events by employing portfolio upgrades and maintaining financial fluidity. The continuous delivery of customer value has improved the market value of the industry. The rising levels of diversification in the market, have allowed the companies to utilize many opportunities available in the market.
Aisin Seiki Co. Ltd. (Japan), GKN PLC (U.K.), Continental AG (Germany), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Ireland), Allison Transmission Inc. (U.S.), Jatco Ltd. (U.S.), ZF Friedrichshafen AG (Germany) and Schaeffler AG (Germany) are a few of the major players transforming the development of the market.
Industry Updates:
April 2018 Japan's Aisin Group and Geely have signed a deal to set up an automatic transmission joint venture. The association will have a registered capital of $117 million. Aisin AW which is among the world's major manufacturer of automatic transmissions holds a 60 percent stake and Geely Luoyou Engine Co. will hold the left over 40 percent. The facility with a designed annual production capacity of 400,000 6-speed automatic transmissions, is slated to commence mass production in 2020.
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