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

Acumen Research and Consulting just lately revealed 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 techniques for autos of all sorts, together with passenger vehicles, vehicles, buses, and off-road autos. The market is pushed by the growing demand for fuel-efficient and high-performance autos, in addition to the necessity for superior applied sciences to meet emissions rules.

One of the important thing applied sciences within the Automotive Transmission Market is the repeatedly variable transmission (CVT). This sort 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 leads to a clean and environment friendly driving expertise, in addition to improved gasoline economic system. CVT transmissions are significantly in style in hybrid and electrical autos, as they permit for optimum energy switch and vitality administration.

Another key expertise within the Automotive Transmission Market is the dual-clutch transmission (DCT). This sort of transmission makes use of two separate clutches to shift gears, permitting for quicker and extra exact shifts. DCT transmissions are significantly in style in high-performance autos, as they supply a sporty driving expertise and improved efficiency. They are additionally turning into more and more frequent in mainstream autos, as they supply a stability of efficiency and gasoline 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 gasoline economic system. Similarly, there may be an growing demand for hybrid transmission techniques, which mix conventional mechanical transmissions with electrical motors for improved gasoline 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 ready 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 gasoline costs in addition to excessive carbon emissions are the most important elements driving the expansion of the market.

• The guide transmission phase shall dominate the automotive transmission market share in the course of the forecast interval, due to its low price and excessive sturdiness.

• The automated transmission phase is estimated to develop at the quickest CAGR in the course of the forecast interval, due to the growing demand for consolation and comfort in autos.

• The passenger vehicles phase is anticipated to dominate the market in the course of the forecast interval, due to the growing variety of passenger vehicles on the street.

• The Asia Pacific area is anticipated to dominate the Automotive Transmission market share in the course of the forecast interval, due to the growing manufacturing and gross sales of autos in nations comparable to China, India, Japan, and South Korea.

• Key gamers working available in the market embody 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 expertise: Torque converters are being developed to enhance the gasoline effectivity of automated transmission autos.

Growth in transmission system software program: There is a rising development in direction of the event of refined transmission system software program that may optimize transmission efficiency and enhance gasoline effectivity.

Increasing adoption of transmission controls: Automotive producers are more and more adopting superior transmission controls, comparable to digital management items (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 components which ends up in improved gasoline effectivity and decreased price.

Advancements in Dual Clutch Transmission (DCT): The Dual Clutch Transmission is rising in popularity because it offers higher gasoline effectivity and quicker gear shifts.

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

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

Increased use of superior transmission techniques: There is an growing demand for superior transmission techniques comparable to 8 and 9-speed automated transmission which gives improved gasoline effectivity and smoother gear shifts.

Automotive Transmission Market Dynamics

Shift in direction of electrical and hybrid autos: Governments around the globe have been implementing stringent gasoline economic system requirements for a very long time now. With the growing give attention to decreasing emissions and enhancing gasoline effectivity, there’s a rising demand for electrical and hybrid autos. This is main to the event of superior transmission techniques comparable to electrical drive transmissions (EDT).

Development of light-weight supplies: With the growing highlight on decreasing car weight to enhance gasoline effectivity, producers are turning to light-weight supplies comparable to aluminum and carbon fiber to produce transmission elements.

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

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

Growing development of shared mobility: With the growing development of shared mobility, there’s a rising demand for transmission techniques 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 growing in recent times particularly in creating nations which have seen a excessive shift in direction of the center class. This can be one of many elements which is driving the demand for transmission techniques. The development within the automotive trade is anticipated to proceed, additional boosting the expansion of the transmission market.

Advancements in expertise: Automotive transmission market is repeatedly evolving as producers search for methods to enhance gasoline effectivity and efficiency whereas decreasing emissions.

Increasing shopper desire for consolation and comfort: Consumers are more and more on the lookout for autos that provide a cushty and handy driving expertise. Automatic transmission techniques provide clean gear shifts and require minimal driver enter, and have gotten more and more in style consequently.

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, conserving price range in thoughts. Many automobile corporations face losses due to fluctuating price of uncooked supplies in addition to being depending on sure nations for procuring the uncooked supplies.

• High Costs: Advanced transmission techniques, comparable to electrical and hybrid drive techniques, will be pricey to produce and set up. This could restrict their adoption available in the market, significantly in creating nations 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 rules concerning emissions and gasoline effectivity could make it tough for producers to develop and produce new transmission techniques, which might restrict the expansion of the market.

• High Cost of Fuel could discourage many customers in creating nations into shopping for a car for themselves, which might general be a development hampering issue for the market.

• Lack of Standardization: The lack of standardization within the design and manufacturing of electrical and hybrid drive techniques could make it tough for producers to mass produce these techniques, 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 considerations 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 comparable to General Motors, Tesla and Ford, all of that are identified for among 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 techniques within the area. The area’s massive fleet of autos, coupled with stringent emissions rules, 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 automobile producers in addition to among the most refined automobile corporations on the earth. European vehicles are on par with Japanese automobile corporations, they’re well-known for being of fantastic high quality. The adoption of superior applied sciences comparable to dual-clutch transmissions and repeatedly variable transmissions could be very excessive within the area. The area’s give attention to gasoline effectivity and emission discount has additionally pushed the adoption of those techniques. Germany and Italy are the most important markets for automotive transmissions in Europe, with a lot of manufacturing services for each guide and automated transmissions.

Asia Pacific: The Asia Pacific automotive transmissions market share is pushed by the presence of main automotive producers comparable to BYD, Tata Motors, Toyota, Hyundai and Honda, in addition to the fast development of the automotive trade in nations comparable to China and India. These two nations have quickly risen to change into two of the biggest automobile manufacturing nations surpassing many developed nations, in recent times. Both these nations harbor two of the biggest 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 techniques and the excessive demand for price range autos. However, the area can 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 shall be rising sooner or later and is being pushed by the presence of main automotive producers. The Latin American and the African market have an excellent demand for price range vehicles and guide transmission. And Some nations within the Middle East have an excellent 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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