Automotive transmission market is anticipated to grow at a CAGR of 16.4% during the forecast period (2024-2031). The growing adoption of electrification and hybridization, dual-clutch transmissions (DCT), and advanced manual transmissions with improving autonomous driving and automated transmissions are key factors supporting the market growth globally. The increasing demand for smart transmissions and connectivity with efficiency improvements also drives the market.
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The growing number of electric and hybrid vehicles, along with the ease of combining automatic transmissions with safety features like autonomous emergency braking, are responsible for the increase in hybrid vehicles. Further, increasing consumer demand for enhanced driving experience, and the growing popularity of electric vehicles are expected to drive the market growth. The shift towards electric vehicles is particularly significant as they usually come equipped with automatic transmissions, boosting the demand for automatic transmission gears.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Transmission Market by Transmission Type
- Manual
- Automatic
Global Automotive Transmission Market by Fuel Type
- Gasoline
- Diesel
- Alternate Fuel
Global Automotive Transmission Market by Vehicle Type
- Passenger Cars
- Light commercial vehicles (LCVs)
- Heavy commercial vehicles (HCVs)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aichi Machine Industry Co., Ltd.
- Allison Transmission, Inc.
- AVL group
- BorgWarner Inc.
- Continental AG
- Dana Inc.
- Eaton Corp.
- EXEDY Corp.
- GKN Automotive Ltd.
- HYUNDAI TRANSYS Co., Ltd.
- JATCO Ltd.
- JTEKT CORP.
- NSK Ltd.
- Punch Powertrain
- Ricardo plc
- Schaeffler Technologies AG & Co. KG
- TREMEC Corp.
- Voith GmbH & Co. KGaA
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive transmission market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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