Global Automotive Transmission Market Projected to Reach USD 260 Billion by 2026

01-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Automotive Transmission Market By Transmission Type (Manual transmission, Continuously variable transmission, Automatic transmission, Dual clutch transmission, and Automated manual transmission) and By Vehicle Type (Passenger Cars, HCVs, and LCVs), By Fuel Type(Diesel, and Gasoline), By Number of Forward Gears(<5, 5 – 6, 7 – 8, 9 – 10, and 10<):Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Automotive Transmission market in 2019 was approximately USD 170 Billion. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 260 Billion by 2026.

Automotive Transmission Market Size

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The automotive transmission is a power transmission network that provides controlled power application. It is also known as gears and gear trains to transmit speed and torque from a spinning power source to another unit. The growing use of personal vehicles is expected to grow automotive transmission in the forecast period.

The demand for car transmission is propelled by a rise in vehicle production and sales around the world. Passenger car production and sales are on the rise in the APAC and North American areas. Similarly, due to the rising logistics industry and increasing demand for public transport, the commercial vehicle sector has also seen significant growth in recent years. Growing technological development in automobiles worldwide along with an increase in consumer disposable income in developed economies is a significant factor in the growth of the demand for automotive transmission. Consumers looking for greater convenience and luxury are yet another driving force for market growth. The major restraining factor is the high cost of transmission systems.

Browse the full “Automotive Transmission Market By Transmission Type (Manual transmission, Continuously variable transmission, Automatic transmission, Dual clutch transmission, and Automated manual transmission) and By Vehicle Type (Passenger Cars, HCVs, and LCVs), By Fuel Type(Diesel, and Gasoline), By Number of Forward Gears(<5, 5 – 6, 7 – 8, 9 – 10, and 10<): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/automotive-transmission-market-by-transmission-type-manual-transmission-1048

The automotive transmission market is segmented according to transmission type, vehicle type, fuel type, and the number of forwarding gears. Based on the transmission type, the market is categorized as Manual transmission, continuously variable transmission, Automatic transmission, Dual-clutch transmission, and automated manual transmission. According to vehicle type, the market is bifurcated into Passenger Cars, HCVs, and LCVs. In addition to this by fuel type market is further divided into Diesel and Gasoline. Moreover, based on the number of Forwarding Gears market is segmented as <5, 5 to 6, 7 to 8, 9 to 10, and 10<.

According to the region the market is segmented as Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific is the market leader in the automotive sector and is gearing up for the forecast period for augmented growth. Asia Pacific region's growing demand for commercial vehicles is also a major driver of the global automotive transmission network. North America and Europe is also major market for luxury cars and sports and is expected to grow during the forecast period at a steady rate of growth. In North America and Europe, demand for the aftermarket transmission system is high which could have a positive effect on the overall market for vehicle transmission.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 170 Billion

Projected Market Size in 2026

USD 260 Billion

CAGR Growth Rate

6% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Toyota Boshoku Corp, DENSO Corporation, Hitachi Automotive Systems, Continental AG, JTEKT Corp., Robert Bosch GmbH, Yazaki Corp., Sumitomo Electric Industries, Aisin Seiki Co. Ltd., Valeo SA, Johnson Controls Inc., Magna International Inc., TRW Automotive Holdings Corp., Hyundai Mobis Co. Ltd, Delphi Automotive PLC, Faurecia S.A., Lear Corp., and ZF Friedrichshafen AG., and others.

Key Segment

By Transmission, Type, Vehicle, Fuel, Number of Forward Gears, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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The automotive transmission market consists of many small as well as big players. It leads to intense rivalry in the market. The leading market players are Toyota Boshoku Corp, DENSO Corporation, Hitachi Automotive Systems, Continental AG, JTEKT Corp., Robert Bosch GmbH, Yazaki Corp., Sumitomo Electric Industries, Aisin Seiki Co. Ltd., Valeo SA, Johnson Controls Inc., Magna International Inc., TRW Automotive Holdings Corp., Hyundai Mobis Co. Ltd, Delphi Automotive PLC, Faurecia S.A., Lear Corp., and ZF Friedrichshafen AG.    

This report segments the Automotive Transmission market as follows:

Global Automotive Transmission Market: By Transmission Type Segmentation Analysis

  • Manual transmission
  • Continuously variable transmission
  • Automatic transmission
  • Dual-clutch transmission
  • Automated manual transmission

Global Automotive Transmission Market: By Vehicle Type Segmentation Analysis

  • Passenger Cars
  • HCVs
  • LCVs

Global Automotive Transmission Market: By Fuel Type Segmentation Analysis

  • Diesel
  • Gasoline

Global Automotive Transmission Market: By Number of Forward Gears Segmentation Analysis

  • <5
  • 5 – 6
  • 7 – 8
  • 9 – 10
  • 10<

Global Automotive Transmission Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa

Rest of the Middle East & Africa

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